Advisory from the Government
GSIS allots P 1.9 B emergency loan for 71K members, pensioners in 5 areas
The Government Service Insurance System (GSIS) has set aside an additional P1.9 billion in emergency loan for more than 71,000 active members and pensioners in five areas heavily affected by the southwest monsoon (habagat), Intertropical Convergence Zone, and tropical storms Crising, Dante, and Emong.
“We have relaxed the requirements for granting emergency loans. We now release them once a local sanggunian declares a state of calamity upon the recommendation of the Local Disaster Risk Reduction and Management Council,” said GSIS Officer in Charge President and General Manager Juliet Bautista.
The deadline for filing of applications is October 5 in Quintin, Pangasinan; October 7 in the province of Sultan Kudarat; October 10 in Atok, Benguet; October 27 in Parañaque City; and October 29 in Taguig City. Bautista added, “We made the process secure and convenient. Applications may be filed via the GSIS Touch mobile app. So far, 99.79 percent of applications are already submitted online.”
Active members working or residing in the affected areas may apply provided they have no due and demandable GSIS loan, are not on unpaid leave, have paid premiums in the last six months, have no pending administrative or criminal case, and have a net monthly take-home pay of at least P5,000 after deductions. Old-age and disability pensioners may also apply, provided they retain at least 25 percent of their monthly pension after loan deduction.
Qualified borrowers may avail of P20,000, or up to P40,000 if they have an existing emergency loan. The loan is payable in three years with a low interest rate of 6 percent per annum and no processing fee.
It is also covered by loan redemption insurance, which deems the loan fully paid in the event of the borrower’s death, provided loan payments are up to date.
For more information, interested parties may visit the GSIS website (www.gsis.gov.ph), follow the official Facebook, Instagram, TikTok, LinkedIn, and Viber accounts, call the GSIS Contact Center at (02) 8847-4747, or email gsiscares@gsis.gov.ph.
