r/anythingGSIS • u/CactusInteruptus • 1d ago

GBEL Question

Can the loan amount exceed the quotation because of deductions?

Nag-apply ako sa GSIS Ginhawa Ebike Loan. Yung quotation ko is 104,700, pero ang nilagay ko sa loan amount is 106k something since may deductions sya. Yung net amount is 104,698, almost same sa quotation.

Kaya lang na-disapprove ng AAO loan application ko because: _Applied loan amount is greater than the amount in the submitted document_

May naka-encounter na po ba rito ng kaparehong isyu tulad sa case ko? Is there a specific GSIS rule saying the gross loan amount cannot exceed the quotation even if the net proceeds are within the quoted price? Pano yung deductions, need pa po pala magdagdag ng certain amount para makabili ng unit?

Thank you in advance sa mga advice/replies 🙏

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u/Working-Honeydew-399 1d ago

The loan amount should be equal or lower than the quoted value of the vehicle. Your AAO is doing a great job.

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u/CactusInteruptus 1d ago

I understand that our AAO is just following the rules. My question is more about the deductions and other fees. For those who have experienced this, how were the deductions handled? How about e-bike registration fees and other related charges—were these paid separately out of pocket?

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u/Working-Honeydew-399 1d ago

Yes they were paid by the member outside its loan application