State-owned retirement fund GSIS rolls out 'Ginhawa Bike and E-Mobility Loan'

Last updated: May 04, 2026 | 09:23

The Philippines' e-bike loan scheme supports a wide range of eco-friendly transport options, including electric bikes, e-scooters, e-mopeds, cargo e-bikes, folding electric bicycles and similar electric-powered mobility units. X

Manila: Tired of watching your hard-earned salary evaporate every time you hit the fuel pump?

Well, buckle up — or, should we say, plug in.

The state-owned Government Service Insurance System (GSIS) has officially dropped the "Ginhawa Bike and E-Mobility Loan" (GBEL), allowing qualified members to borrow up to ₱300,000 (about $4,880) to finance up to 100% cost of the unit.

It’s dubbed as the ultimate hack to dodge those skyrocketing transport costs fueled by the global energy crisis.

The Government Service Insurance System (GSIS assets: ₱1.99 trillion as of Q1 2026) is a state-owned fund that provides mandatory life insurance, retirement, separation, and disability…