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To buy-out teacher’s loans this 2022 is the intense and unstoppable competition of GSIS and PLI’s

To buy-out teacher’s loans this 2022 is the intense and unstoppable competition of GSIS and PLI’s

GSIS and many PLI’s are competing to buy-out teacher’s loans recently. This is after the approval of the memorandum on the extension of the loan terms by DepEd. Instead of giving teachers three (3) years term, it is now extended to five (5) years. Although some teachers opposed to it, many were still thankful. 

The extension of the loan term means an addition to the money they can bring home upon renewal of the loans. It was then that many teachers already availed GFAL from GSIS. They thought that GFAL will help them big time but it was the opposite.

Now, many PLI’s are offering to buy-out teacher’s loans. This move from the PLI’s alarmed GSIS so they also compete for the said offer. Loans from other PLI’s can now be buy-out considering their amount is applicable. Since teachers don’t life GSIS anymore, they resort to the many options they have.

To buy-out teacher’s loans from the more complicated PLI’s is the target of some leading PLI’s. It is the way of the banks to gather more clients and call the attention of more customers. As a result, teachers have many options and they can still think and re-think their decisions.

The result, GSIS and more PLI’s are now in their intense competition to buy-out teacher’s loans. It is already the jurisdiction of the teachers who to choose from the options they have. Of course, teachers should be wiser now since the long term loan means long periods of waiting. You wait when your loan will finish for you to be debt-free.

I can only say one thing to you my fellow teachers, we have to be wise in spending our loans. As you know, it is still our hard-earned money. Choosing the right PLI for us is a matter of choice. If they want to buy-out teacher’s loans they must provide us their assurance first.Alec | Helpline PH

15 thoughts on “To buy-out teacher’s loans this 2022 is the intense and unstoppable competition of GSIS and PLI’s”

  1. Sana mababa ang interest din nila..ang liit na nga nang net take home pay namin,sobrang laki pa mg interest..lalo na ang GSIS prang may something wrong din sa kanila,katulad ko,nag reflected sa payslip na may deduction pero wla daw silang na received na money, e saan ba namim yan kunin?tapos nagpatung patung na ang interest na inosente naman ako diko alam kung saan ang pera ko kasi reflected na yan s payslip..so isa yun sa dahilan na anv mga guro ay sobrang napakahirap

    1. Tama! Minsan pa kahit bayad na loan mo, the next following year sisingilin ka uli sa payslip, kung hindi, may mga arrears ka. Yon naranasan ko yan sa gsis.

      1. Marami Ang nag pa buy out Ng GSIS loan dahil sa Hindi ma intendihan na charges nila. Ang payment mo di nabawas sa capital. Kagaya ko 240k Ang loan ko may payments na 117k may 386k pa na DND. Sa ibang lending Pina pa restracture Ang loan at Gina wave Ang ibang charges sa kanila may penalty pa

        1. Catherine Gabaldon

          Ang problema sa gsis every month my deduction kami sa gsis tpus nagka arrears pa. So parang hindi maganda ang gina gawa sa aming mga teachers. Sana huwag nman nila ganyan in ang mga guro.

    1. I availed MPL last year with supposed to be 6k plus loan proceed but only 3k was the actual proceed. Pahirapan pagpa recompute at walang nangyari. GSIS ang nag benefit. Unlike PLIs you cannot request for overpayment of any loan refund at GSIS thus i decided (with excitement) to let a PLI bought it out

  2. The better solution is to separate from gsis.
    Teachers really wanted to be in comfortable insurance system…
    Look at gfal program of gsis..its un renewable. Kung bangko pa ito na loan, pagdating ng 2 years of deduction pwedi na ma renew. Kung e buyout ng PLI..nku ang laki ng interest na ipapatong. What a fucki’n system…

  3. Dapat talagang humiwalay sa GSIS..mas sila ang nagpapahirap sa mga teachers, sabi na hindi raw sila nakakareceive ng payment sa loan pero sa payslip monthly deducted naman kaya yung 2 years ko na akala ko may bawas man lang sa capital ng loan ko, konti lang at parang mas malaki pa ang interest na nilagay nila. Hindi pa nila maipaliwanag ng husto ang dahilan kung bakit. Kaya mas ginusto namin na magpabuy-out sa PLIs kasi mas mamonitor ang loans sa kanila.

  4. Good afternoon GSIS, may makukuha bang benefits ang mga clients ninyo na malapit nang manganak like the SSS mayroon po silang Maternity benefits sa mga members nila.

  5. Akala nating mga guro, ay ttinutulungan Tayo ni GSIS. Kabaliktaran Ang nangyauari, Lalo Tayo g binabaon ni GSIS sa utang! Kaya nga pinapatubos natin uli sa private lendings Kasi naka reflect LAHAT. Di tulad sa GSIS na Akala monabauaran mo na Ang kalahati Ng utang mo, nung humingo Ka Ng SOA. Interest lang Ang nabayaran. Yong utang halos buo pa!

  6. Truth pp mga mam…..ang tagal ng nagbabayad dyan s gfal pero ng kumuha ng SOA halos konti laang nabayaran……..d mo n nga marenew katulad ng sa PLI magugulat ka pa na angbinaasahan mong maliit n ang principal loan mo ay mali ka pa pala…….may SOA N naibigay may hidden kwentahan pa pala sila….tanungin mo anu ung amount due……ibig sabihin d naiaabot ng remittance s gsis tapos kami borrowers ang magsusuffer sa arrears……eh deducted nmn sila kada payroll..,.haisst..,…the syaytem…….

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