The Government Service Insurance System (GSIS) officially introduced the Ginhawa Bike and E-Mobility Loan (GBEL) on Monday, providing state employees with a low-interest financing option for alternative transportation.
The new facility allows eligible members to borrow up to 100% of the purchase price of a new unit, with a maximum loan limit of ₱300,000. The loan features a competitive 5% annual interest rate and a repayment period of 36 months, with the agency waiving all service fees upon approval.
GSIS President and General Manager Wick Veloso highlighted the program as a direct response to the rising costs of traditional commuting.
“This program will give our members a practical option to manage their daily transportation expenses. We want our members to be able to move through their communities without that financial weight,” Veloso said.
The initiative aligns with President Ferdinand Marcos Jr.’s Unified Package for Livelihood, Industry, Food, and Transport (UPLIFT), which promotes sustainable and accessible urban mobility.
It also serves as a companion to the agency’s Ginhawa Solar Energy Loan (GSEL), shifting the focus from household energy savings to transportation efficiency.
Eligible units under the program include:
- Brand-new traditional bicycles
- Electric bicycles (e-bikes) and cargo e-bikes
- E-scooters and e-mopeds
- Folding e-bikes
To ensure a contactless and efficient process, the GSIS confirmed that all applications must be submitted and processed through the GSIS Touch mobile app.