The Government Service Insurance System on Friday said it waived over a billion pesos worth of housing loan penalties as of the first quarter of 2024.In a statement, the GSIS said it has processed debt relief for about 1,143 housing loan borrowers under its Housing Accounts Restructuring and Condonation Program . The HARCP has waived P1.
“The GSIS envisions to help thousands of families under the debt-restructuring program, to lessen the pressures from other financial obligations. This will remove a large amount of stress for many, many families," said GSIS president and general manager Wick Veloso.“Our priority at GSIS is to ensure the well-being of our members and our pensioners. We are fully committed to help our members successfully manage their housing loans and secure their homes," he added.