Following the accreditation of more branches of the collection partner, the state pension fund Government Service Insurance System (GSIS) has collected over PHP65 million in loan payments made through Bayad Centers.
GSIS’s partnership with Bayad, which began in April of this year, offers members a safe and convenient way to pay their loans while also supporting the pension fund’s goal of improving loan collection efficiency.
Rolando Macasaet, president and general manager of GSIS, said in a statement on Friday,
“Initially, there were only 1,689 active Bayad outlets. As of September 2021, there are 2,836 Bayad collection sites across the country that are accepting payments for GSIS loans.”
Bayad accepts payments for the following GSIS loans:
- Enhanced salary loan
- Emergency loan assistance
- Summer one-month salary loan
- eCard cash advance
- Enhanced consolidated loan
- Emergency loan
- Home emergency loan,
- Study Now, Pay Later loan,
- Fly PAL, Pay Later loan
- Educational assistance loan,
- Stock purchase loan
- Regular policy loan
- Optional policy loan,
- GSIS financial assistance loan
- Debt restructuring and repayment, multipurpose loan
- Computer Loan
- Other upcoming GSIS loans
Borrowers may pay their loans in advance, underpaid, delayed, or unpaid, or in default or unpaid for more than six months.
Members only need to show GSIS text message notifications or loan balances displayed on the electronic GSIS Member Online (eGSISMO) or GSIS Touch mobile app.
Following that, they must complete a Bayad form with their full name, business partner number, loan type, and other information.
Members can contact the following GSIS Contact Center
- 8847-4747 (Metro Manila)
- 1-800-8-847-4747 (Globe and Touch Mobile)
- 1-800-10-847-4747 (Smart, Sun, and Talk ‘N Text)
You can also visit the GSIS website gsis.gov.ph or Facebook page @gsis.ph; sending an email to email@example.com.