The consolidation of the loans shall result in the full liquidation of the outstanding balances on the above loans. Educational Assistance Loan I and II (EAL I / II).Member’s Cash Advance / eCard Cash Advance / eCard Plus Cash Advance.Conso-Loan Plus / Enhanced Conso-Loan Plus.The MPL shall consolidate the following loans, following this order: Failure to indicate the preferred loan amount shall mean that the member is applying for the maximum loan amount for which the member is qualified to avail. The member can choose the amount of loan and corresponding term based on his PPP. The maximum loanable amount shall depend on the members’ Period with Paid Premiums (PPP) and computed Basic Monthly Salary (BMS). Member may avail up to 14x of his basic monthly salary. GSIS Multipurpose Loan (GSIS MPL) gives borrowers an additional credit line that will help them consolidate and pay their outstanding GSIS loan balances Loanable Amount: Multi-purpose Loan and Consolidation of Debts or MPL will consolidate all the existing loans of a member, except housing loan.
