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GSIS denies allegations of charging interest on teachers’ loan during payment moratorium

GSIS denies allegations of charging interest on teachers’ loan during payment moratorium

The Government Service Insurance System (GSIS) denied the allegations that they are charging interest on the loans of some teachers during the six-month payment moratorium amid the enhanced community quarantine last year.

“We did not charge any interest. It is prohibited under Bayanihan 1 and 2, so we did not charge any additional interest or whatever. I do not know where these claims are coming from,” GSIS Executive Vice President Atty. Nora Malubay said.

Malubay added that the GSIS did not make such a collection for their monthly amortization for six months.

GSIS members were then charged in the seventh month after the moratorium had ended.

“We did not charge any additional interest. It is clear in the policy approved by our GSIS Board of Trustees,” she said.

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