GSIS Allots P12.62 M Loan for Puerto Galera Amid Water Shortage

Puerto Galera- The Government Service Insurance System (GSIS) has opened its emergency loan for qualified members and pensioners in Puerto Galera, Oriental Mindoro, following the declaration of a state of calamity due to prolonged dry conditions and water shortages. The calamity was brought about by the continuing effects of El Niño.

A total of 485 GSIS active members and old-age and disability pensioners may apply for the loan. GSIS has allocated an estimated ₱12.62 million for the emergency loan program.

Eligible to apply are active members working or residing in the affected areas provided they have no unpaid GSIS loan for more than six months, are not on unpaid leave, have three months of paid premiums within the last six months, have no pending administrative or criminal case, and have a monthly take-home pay of at least P5,000 after deductions.

Old-age and disability pensioners residing in the area may also apply, provided they retain at least 25 percent of their monthly pension after loan deduction.

Those with current emergency loans may borrow up to P40,000 to settle previous loan balances, ensuring a maximum net amount of P20,000. Those without any outstanding emergency loan may apply for a P20,000 loan.

The emergency loan is payable in 36 equal monthly instalments at 6 percent interest rate per annum. The loan carries no processing fee and is covered by a loan redemption insurance, which deems the loan fully paid in case of the demise of the borrower, provided that loan payment is up to date. The first deduction for the loan payment has a two-month grace period.

Qualified members and pensioners may file their loan applications until 24 July 2026 through the GSIS Touch app.

GSIS continues to support its members and pensioners during times of calamity and remains committed to delivering responsive and accessible financial assistance to affected communities.

For more information, interested parties may visit the official GSIS website or social media channels. For inquiries, email gsiscares@gsis.gov.ph or call the GSIS Contact Center at (02) 8847-4747 (Metro Manila) or 1-800-8-847-4747 (Globe and TM) or 1-800-10-847-4747 (Smart, Sun, and Talk ‘N Text).

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