GSIS eCard Cash Advance III Guidelines

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GSIS NO. 58, S. 2010: GSIS eCard Cash Advance III Guidelines

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Title Supreme Court: GSIS eCard Cash Advance III Guidelines

Law: Gsis No. 58, S. 2010

Decision Date: May 6, 2010

The GSIS Resolution No. 58, S. 2010 establishes the Policy and Procedural Guidelines for the eCard Cash Advance III (eCAT), outlining eligibility criteria for active members, including a minimum of five years of service and restrictions for those with in-default loans, while maintaining existing penalties and insurance requirements.

policy guidelines

administrative law

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Qualification Criteria for Loan Borrowers

Eligible borrowers must be active members with a minimum of five (5) years of creditable service.
Members who currently have loan accounts in default are disqualified from availing of the eCAT facility.

Financial Obligations and Premiums

Outstanding penalties and surcharges arising from earlier programs (eCAD or eCAP) remain enforceable and are not subject to waiver.
Borrowers must pay a redemption insurance premium of Php125.00 as part of the loan conditions.

Default and Account Management Procedures

In case of default on loan payments, the handling and management of the accounts will follow the existing policies and procedural guidelines normally applied to in-default accounts.

Documentation and Reference

The full Policy and Procedural Guidelines (PPG) on eCAT are formally attached to the Board Meeting records dated 6 May 2010 and are integral to the resolution's enforcement and reference.

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