MANILA, (PIA) -- State pension fund Government Service Insurance System (GSIS) has already collected P113 million in loan payments after over 10 months of implementation of its partnership with Bayad (former Bayad Center).

“Maraming salamat sa suporta ng aming miyembro at pensiyonado. We have so far collected P113.33 million for 17,720 transactions with Bayad. Ito ay patunay na maginhawa, mabilis at ligtas ang transactions sa Bayad,” President and General Manager Rolando Ledesma Macasaet said.

GSIS’s collections include P36.06 million for 5,144 consoloan accounts; P26.26 million for 2,018 GSIS Financial Assistance Loan accounts; P16.05 million for 2,396 Multipurpose Loan accounts; and P12.95 million for 3,395 emergency loan accounts, among others.

“Kaagapay kayo ng GSIS sa pangangalaga ng ating pondo sa pamamagitan ng pagpapabuti ng aming collection efficiency,” Macasaet added.

To date, GSIS has accredited 3,003 Bayad outlets to accept payments for loans in advance; that are underpaid, delayed or unpaid; or in-default or unpaid for more than six months.

Loan balances payable through Bayad include: 
Enhanced Salary Loan
Emergency Loan Assistance; Summer One Month Salary Loan; 
eCard Cash Advance; 
Enhanced Consolidated Loan; 
Emergency Loan; Home Emergency Loan Program; 
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; 
Program for Restructuring and Repayment of Debts; 
Multi-Purpose Loan; Computer Loan; and other upcoming GSIS loans. (PIA-NCR)