GSIS extends housing condonation until December 2025

State pension fund Government Service Insurance System (GSIS) has extended its condonation and restructuring program for its housing accounts until December 2025.

“Layunin naming ma-update ang housing accounts ng aming borrowers para maging maginhawa ang kanilang pagbabayad, at maging homeowners din sila. Maaring palawigin hanggang sampung taon pa ang pagbabayad, basta hindi aabot sa 70 years old ang buyer o borrower,” GSIS President and General Manager Wick Veloso said.

GSIS offers full payment options for applicants, including a waiver of all remaining penalties and surcharges, as well as an additional discount on outstanding interest. According to Veloso, GSIS borrowers have four available payment methods: payroll deductions, monthly cash or manager’s checks, post-dated checks, or through the GSIS Housing Online Payment (GHOP).

GHOP is an online payment portal accessible via a borrower’s account with Union Bank of the Philippines (UnionBank). Borrowers must register to utilize GHOP. For inquiries, they may email or

The housing condonation program is one of three components under the GSIS’s umbrella program named Pabahay para sa Bagong Bayani na Manggagawa ng Pamahalaan (PBBM).

A second initiative under the PBBM housing program involves constructing and developing mid-to-high rise residential buildings in strategic locations. These will meet member housing needs in these specific areas. The first set of high-rise condos will be built on GSIS properties in Fairview, Quezon City, beginning this year. These two-bedroom units will be available for purchase through installments over 30 years, with no required down payment.

Lastly, the third PBBM initiative is the Lease with Option to Buy (LWOB) program, where GSIS leases out available housing units. Priority will be given to current occupants who wish to purchase these units at any point during the lease. Both cash and installment options are available to government employees.

Eligible participants for the LWOB installment sale program include active GSIS members who have paid at least three years’ worth of premiums; have up-to-date premium and loan payments; are not on leave of absence without pay at the time of application; have no pending administrative or criminal cases; and do not have an active housing loan with GSIS.

Details about GSIS properties for sale and lease, along with general guidelines, application forms, checklists of requirements, and FAQs under LWOB, can be found on the GSIS website

“GSIS continually seeks to enhance our loan products, helping borrowers make responsible payments while maintaining a healthy pension fund,” PGM Veloso said.

For inquiries about the installment sale of GSIS properties, interested parties can contact the Real Property Accounts Management Department at

GSIS can also be reached via their contact center at 8847-4747 (if in Metro Manila), 1-800-8-847-4747 (for Globe and TM subscribers), and 1-800-10-847-4747 (for Smart, Sun, and Talk ‘N Text subscribers). Alternatively, you can reach out to the nearest GSIS branch via email or phone. Contact details are accessible through this link: