GSIS Car Loan 2026

By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.

GSIS lends to active members: GBEL finances brand-new bicycles, e-bikes and electric personal mobility devices, and MPL Flex gives funds "for any purpose".

GBEL interest rate: 5% per annum computed in advance (PPG 427-26, file dated 4 May 2026)

Ginhawa Bike and E-Mobility Loan (GBEL) and MPL Flex: features

GBEL coverage: Brand-new bicycles, e-bikes and electric personal mobility devices, including "any comparable electric-powered two, three or four wheeled unit intended for personal transport"
GBEL unit types: Personal mobility scooters, electric kick scooters, e-bikes, e-MTBs, light e-scooters, e-mopeds, and electric cargo, fat-tire and mini bikes
GBEL loan amount: Up to 100% of the unit cost, maximum ₱300,000, one time, for a single unit
GBEL term: 3 years, in 36 equal monthly installments
GBEL sample amortization: ₱9,583.33 a month for a ₱300,000 loan over 3 years
GBEL release: Proceeds are credited to the member's account within 3 working days of loan granting
GBEL programme: Runs for 3 years from implementation (PPG 427-26)
MPL Flex purpose: Consolidates existing GSIS loans except housing and gives an additional fund "for members to use for any purpose"
MPL Flex loan amount: 1x to 14x basic monthly salary by premiums paid; 14x needs at least 15 years of premiums
MPL Flex term: Borrower chooses 1 to 15 years within their tier: up to 3 years at 1x, 6 years at 3x, 15 years at 10x and 14x

Who can get a GSIS car loan

GSIS's rules differ by how you earn. Pick yours.

GBEL: active permanent or non-career members with at least 3 years in service and 1 month of premiums paid in the last 6 months
GBEL: no pending administrative or criminal case, not on leave without pay, no GSIS loan in default except housing
GBEL: agency not suspended, and net take-home pay after amortization not below the GAA minimum
MPL Flex: at least 1 month of premiums paid, not on leave without pay, no pending case except a light offense, no GFAL in default
MPL Flex: agency not suspended, and net take-home pay not below the GAA minimum

GSIS car loan requirements

Tick each document as you gather it, then print the list for your branch visit.

3 of 3 still to gather

GBEL: upload a supplier quotation, or an OR or sales invoice in your name for a unit bought in 2026 onward
GBEL: within 1 month of release, submit the OR or invoice, photos of the unit and the personal accident insurance application
MPL Flex over the counter: accomplished application form and a photocopy of your UMID card or eCard

How to apply for a GSIS car loan

GBEL: apply only through the GSIS Touch mobile app
GBEL: your Agency Authorized Officer certifies online; applications not acted on within 7 calendar days are cancelled
MPL Flex: apply through GSIS Touch, a GWAPS kiosk with your UMID, or over the counter at a GSIS branch
Open GSIS's form

GSIS car loan fees and terms

What GSIS charges beyond interest, and the rules after you sign. Your disclosure statement lists the full amount.

GBEL service fee: None on loan granting
GBEL loan redemption insurance: One-time premium of 11.51694 per ₱1,000 of loan, deducted from proceeds
GBEL accident insurance: Free ₱100,000 personal accident cover for 1 year after proof of purchase
GBEL late payment: 1.0% simple interest a month plus a 0.5% monthly surcharge on unpaid amortizations
GBEL proof of purchase: If not submitted within 1 month, the full balance falls due with a 6% a year penalty and records are blocked
GBEL pre-termination: No fee; unused loan redemption insurance is refunded
GBEL cancellation: Cancel within 30 calendar days of granting by repaying principal plus pro-rata interest
GBEL repayment: Payroll deduction
GBEL registration: The borrower is responsible for any LTO registration the unit requires

GSIS car loan hotline and contact

Head office: GSIS Financial Center, Pasay City, Metro Manila

GSIS car loan questions

What are the requirements for a GSIS car loan?

GBEL: upload a supplier quotation, or an OR or sales invoice in your name for a unit bought in 2026 onward; GBEL: within 1 month of release, submit the OR or invoice, photos of the unit and the personal accident insurance application; MPL Flex over the counter: accomplished application form and a photocopy of your UMID card or eCard.

Does GSIS have a car loan?

No. GSIS does not offer a dedicated car loan. Its Ginhawa Bike and E-Mobility Loan (GBEL) finances bicycles, e-bikes and electric personal mobility devices up to ₱300,000, and its MPL Flex is a general multi-purpose loan of 1x to 14x your basic monthly salary that members can use for a vehicle purchase, among other things.

How much can I borrow through GSIS for a vehicle?

Through MPL Flex, a general-purpose loan rather than a car-specific loan, eligible members can borrow 1x to 14x their basic monthly salary; the 14x tier needs at least 15 years of paid premiums, and the term runs 1 to 15 years depending on the multiplier.

What does the GSIS Ginhawa Bike and E-Mobility Loan cover?

Brand-new bicycles, e-bikes, electric kick scooters, e-mopeds and similar electric personal mobility devices, financed up to 100% of the unit cost to a maximum of ₱300,000, over 36 equal monthly installments.

Who is eligible for GSIS MPL Flex or GBEL?

Active permanent or non-career GSIS members with at least 3 years in service and at least 1 month of premiums paid in the last 6 months for GBEL, or at least 1 month of premiums paid for MPL Flex. Both require no pending administrative or criminal case and net take-home pay above the GAA minimum after amortization.

Compare before you apply

Answer 5 questions to see the three car loans that fit you best, or check the requirements at every bank.

How we compare car loans.