‘Conso-loan’ payments to GSIS still lacking | Inquirer Opinion

‘Conso-loan’ payments to GSIS still lacking

/ 10:51 PM February 28, 2013

This is to explain the consolidated loan (conso-loan) record of Benjamin F. Mora with the Government Service Insurance System (“Both Palace, GSIS sleeping on plea,” Inquirer, 2/19/13).

On Nov. 27, 2007, Mr. Mora availed himself of a conso-loan, payable in six years (or until the year 2013), in 72 equal monthly amortizations.


On July 1, 2011, or four years later, Mr. Mora requested a tentative computation of his retirement claim and found out that he had yet to fully pay his conso-loan. A few days later, on July 5, 2011, the GSIS informed him that he had only 31 monthly amortizations, which were still short by 41. This was, in fact, indicated also in the June 17, 2011, certification of conso-loan payments issued by his agency, which he submitted along with his request for reconciliation.

On Dec. 11, 2012, Lolita M. Pureza, manager of the GSIS-Quezon City Branch Office, wrote Mr. Mora to inform him that as of that date, his conso-loan repayment had so far covered 37 months only, lacking 35 more months to full payment.


Thank you for the opportunity to clarify Mr. Mora’s concern.


vice president

Government Service Insurance System

Financial Center, Pasay City 1308

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TAGS: Consolidated loan, GSIS, Letters to the Editor, opinion
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