GSIS Financial Assistance Loan (GFAL) for DepEd Personnel: Requirements and Steps

The GSIS Financial Assistance Loan (GFAL) Program for DepEd Personnel lets eligible DepEd teaching and non-teaching personnel refinance outstanding loans from private lending institutions (PLIs) through the Government Service Insurance System (GSIS). DepEd and the GSIS set up the program through a Memorandum of Agreement, signed in a ceremony at Malacañang in the presence of the President of the Philippines. This guide explains who can apply, what to prepare, and the steps to follow.

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What the GFAL program is for

The GFAL covers outstanding loans with PLIs that are accredited under DepEd’s Automatic Payroll Deduction System (APDS). The program has two aims:

• To improve the financial capability of DepEd personnel.
• To provide an affordable loan package so that DepEd personnel can take out or refinance their outstanding loans with APDS-accredited PLIs through the GSIS.

The GSIS began accepting GFAL applications on May 15, 2018, in its branches and offices nationwide. DepEd asked that the GSIS announcement be shared with all Schools Division Offices and elementary and secondary schools so that all teaching and non-teaching personnel would be informed.

Who can apply

To qualify for the GFAL, a borrower:

1. Must be an active regular member of the GSIS with permanent status who has paid premiums for the last three years.
2. Has no pending administrative case or criminal charge. There is one exception: if the case or charge was filed by an accredited lending institution after DepEd Order No. 38, s. 2017 was issued on July 31, 2017, and it is due to the borrower’s nonpayment of that loan because GSIS and HDMF (Pag-IBIG) loan payments were prioritized, the borrower stays eligible, subject to submitting supporting documents.
3. Is not on leave without pay.
4. Has an outstanding loan from a DepEd-accredited lending institution.
5. Has no due and demandable loan account with the GSIS.

A GSIS loan account is considered in default, and therefore due and demandable, when the total unpaid obligation is more than six monthly amortizations.

Documents you need

Prepare all of the following. The GSIS accepts and processes only complete submissions.

1. GFAL Application Form, properly filled out and endorsed by your Agency Authorized Officer (AAO).
2. GSIS-prescribed Statement of Account (SOA), with a clear photocopy of the ID of the lending institution’s authorized representative who will claim the check from the GSIS, plus that person’s contact details (telephone or cellphone number).
3. Loan documents from your lending institution, such as the Borrower Loan Agreement, Loan Voucher, or other certified documents showing the loan details: original loan amount, net loan, term of loan, interest rate, monthly amortization, and the due date of the first amortization.
4. Payslips for the last three months, certified as true copies by your AAO.

Six steps to apply for the GFAL

1. Fill out the GFAL Application Form and the GSIS-prescribed SOA accurately and completely.
2. Complete all the documents in the checklist above. Incomplete applications are not accepted.
3. File your application at the nearest GSIS office. You will receive an endorsement slip for the Financial Literacy Seminar given by the GSIS.
4. Attend the Financial Literacy Seminar at the GSIS office.
5. Go through the loan evaluation and counseling process.
6. Sign the loan documents. These forms are given only at the GSIS office, after evaluation and counseling.

Tips for DepEd personnel

• Ask your AAO early, since both the application form and your payslips need the AAO’s endorsement or certification.
• Coordinate with your lending institution for the loan documents and for its authorized representative’s ID and contact details, which go with the SOA.
• Keep a copy of everything you submit.

GSIS contact numbers

For questions about the GFAL, the GSIS Call Center can be reached at:

• Landline (Metro Manila): (02) 847-4747
• Globe toll-free: 1-800-8-847-4747 (free from Globe landline and mobile)
• PLDT/Smart toll-free: 1-800-10-847-4747 (free from PLDT landline; a flat rate of P8.00 per call from mobile)

Frequently asked questions