GSIS expands Balik Ginhawa refunds to 6 months

MANILA, Philippines – The Government Service Insurance System (GSIS) has expanded its Balik Ginhawa (Loan Moratorium Through Refund) Program, allowing qualified members and pensioners to recover refunds equivalent to up to six months of eligible loan amortizations as part of the government’s effort to provide additional financial relief.

In a news release on Wednesday, GSIS said applications for the enhanced program will be accepted through the GSIS Touch mobile application from July 1 to Oct. 31, covering eligible loan payments made between December 2025 and May 2026.

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The program covers active loan accounts, including housing loans, except those under the Ginhawa Green Loans Program.

“Balik Ginhawa 2 was designed to give our members and pensioners additional financial breathing room. Through the enhanced program, qualified borrowers may recover up to six months of loan amortizations and use the refunded amount for their immediate needs,” GSIS President and General Manager Wick Veloso said.

GSIS said any amount refunded under the first phase of the program will be deducted from the total refundable amount.

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However, borrowers who received less than the full three-month refund under Balik Ginhawa 1 may still claim the remaining eligible amount, in addition to the three extra months offered under the enhanced program, subject to a maximum refund equivalent to six monthly loan amortizations.

The state pension fund also clarified that refunded months will not be treated as unpaid loan obligations.

“These periods are covered by the moratorium and are not treated as loan arrears,” Veloso said, assuring borrowers they will not incur penalties for the covered months.

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Excluded from the program are loan accounts already classified as due and demandable, fully paid or renewed loans, members with pending or processed retirement or separation claims, those without a designated GSIS bank account, and advance payments made before a loan’s first due date.

Eligible members and pensioners may check their loan status and refund eligibility through the GSIS Touch app. (PNA)

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