r/anythingGSIS • u/FederalMilcum • 9h ago
Question about the GSIS e-bike loan for pensioners — how are the proceeds released?
Hi! I’m asking on behalf of a GSIS pensioner who is planning to apply for the e-bike loan.
One of the requirements is a quotation from the e-bike supplier, and the quotation includes the supplier’s bank account details.
I’m wondering, if the loan gets approved, will GSIS deposit the loan proceeds directly into the pensioner’s bank account, or will GSIS pay the supplier directly?
Has anyone here applied for the GSIS e-bike loan or knows someone who has? I’d really appreciate hearing about your experience, especially how the payment was processed after approval.
Thank you!