Need Quick Cash? GSIS Just Launched 'Ginhawa Go' — Micro-Loans Starting at ₱1,000 for Government Workers at Just 6% Interest
Government employees just got a new financial lifeline. The Government Service Insurance System has launched "Ginhawa Go" — a micro-loan program that lets members borrow as little as ₱1,000 straight from their phones, with an interest rate of just 6% per annum. That's significantly cheaper than what banks, lending apps, or — God forbid — 5-6 money lenders charge.
The program works through the GSIS Touch mobile app, making it a true "loan on the go." For quick cash needs, members can borrow ₱1,000, ₱2,000, ₱3,000, or ₱4,000, payable within 30, 60, or 90 days. For bigger amounts, loans range from ₱5,000 to ₱50,000, with repayment terms of 3 to 24 months — flexible enough to match different pay grades and financial situations.
GSIS President Wick Veloso said the program was designed to fill a gap: government workers who need short-term cash often end up borrowing from high-interest lenders, trapping themselves in debt cycles. "With an interest rate of 6 percent, Ginhawa Go offers the lowest borrowing cost available," Veloso said. Special members get a slightly higher rate of 7%.
Department of Finance Secretary Frederick Go, who gave the keynote at the launch, urged government employees to use the program "wisely and responsibly." Each loan comes with Loan Redemption Insurance, meaning if a borrower passes away, the remaining balance is wiped clean — the family won't inherit the debt. Eligibility requires at least one month of paid GSIS premium contributions.
For the millions of government workers across the Philippines — teachers, nurses, police, clerks — who've been relying on salary loans with complicated paperwork and slow processing, Ginhawa Go could be a game-changer. Apply on your phone, get cash credited to your account upon approval. Simple, mabilis, at abot-kaya ang interest. Finally, a government program that actually makes life easier.
Source: RMN Networks
