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GSIS Consolidated Loan
The GSIS consolidated loan (others call it consol loan or conso loan) is the total package of all available loans for members consolidated into one. The conso loan includes the combination :
- salary loan
- restructured salary loan
- enhanced salary loan
- emergency loan
- summer one-month salary loan
With this type of loan, you can be assured of a higher amount you will get. GSIS says that “This loan gives higher loanable amount with the additional amount of twice the basic monthly salary on top of the existing salary loan“.
In other countries they also call this as the bad credit loan aimed at fixing your previous paying problems of an existing loan. This is because of the literally low interest rate and low monthly amortization. Read more about this at the official website of GSIS Philippines – gsis.gov.ph.
Sa mga gusto kumuha or mag apply for OFW, seaman or personal loan, please read our post about OFW Seaman Loan.