The Government Service Insurance System is providing a debt relief program to help borrowers who are currently struggling to make payments under its housing loan program. GSIS President and General Manager Wick Veloso said that the program is aimed at quickly providing relief to the worst hit among its members.
As of the first quarter this year, GSIS has processed debt relief for about 1,143 housing loan borrowers under its Housing Accounts Restructuring and Condonation Program . The program has forgiven Php1.6 billion worth of penalties and provided Php121 million in interest discounts, directly offering relief to homeowners struggling to meet overdue payments.
“This move will help these families secure their homes during the most difficult of times. We are here to listen, understand and help them find the best way forward.” Veloso added.
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Source: MlaStandard - 🏆 20. / 55 Read more »