Transportation is one of the biggest challenges for Filipino commuters, especially after fuel prices have increased due to conflict in the Middle East. That’s why the Government Service Insurance System (GSIS) has launched the Ginhawa Bike and E-Mobility Loan (GBEL).

Under this program, qualified borrowers can loan up to P300,000 (or 100% of the unit cost, whichever is less), which can be paid in 36 monthly installments with a rate of 5% (calculated as simple interest).

This covers a wide variety of light electric vehicles (LEVs), such as electric bikes, electric scooters, electric kick scooters, electric mopeds, and similar personal mobility devices with two, three, or four wheels.

“This program will give our members a practical option to manage their daily transportation expenses,” said GSIS president and general manager Wick Veloso. “We want our members to be able to move through their communities without that financial weight.”

If you are a qualified GSIS member, you can apply for GBEL online via the GSIS Touch app. For more information, visit this website.