Good news for DRMC employees, GSIS and DRMC had finally signed a Memorandum of Agreement for GFAL or GSIS Financial Assistance Loan represented by Mr. Oscar Paul B. Fortuna, GSIS Tagum City branch manager, Dr. Bryan O. Dalid, DRMC’s Medical Center Chief II and Ms. Rhodora M. Boiser, DRMC’s HRMS head, during the Monday’s weekly convocation held at DRMC gym last September 16, 2019.  

( from left to right: GSIS Mr. Fortuna, GSIS Staff, Dr. Dalid, Ms. Boiser)

    GSIS Financial Assistance Program (GFAL) is the GSIS latest  loan transfer and consolidation program  on which GSIS members may transfer their loan of up to Php500,000 to the pension fund from lending institutions, such as government banks and cooperatives, that are duly accredited by their agencies. The loan, which has a lower interest rate of six percent per annum and longer repayment period of six years, will be directly paid to the lending institutions.

    This Top-Up Loan would able to help eligible DRMC employees augment their funds to defray for their other needs. Instead of running to private lenders for a fresh loan, qualified members are instead advised to optimize their GFAL and take advantage of the lower rate and longer payment terms.