(NAR) VOL. 22 NO. 3, JULY - SEPTEMBER 2011
Purpose : To fund the housing loans of GSIS members and pensioners
Amount : Php5 billion
Availability Period: Upon approval by the HDMF and GSIS Board
Tenor : 20 years
Interest Rate : 4.75% interest; payable semi-annually
Repayment : Bullet payment upon maturity
Prepayment : Allowed without any pretermination penalty
Handling/Application/Renewal Fees : Waived
Basis and Consideration of the Loan as Security: Clean
DocumentationLoan Agreement
Notice of Borrowing
Promissory Note
Other Loan Documents needed to make the Credit Facility operational