The Government Service Insurance System (GSIS) announced on Thursday it prepared P18.5-billion in emergency loans for 864,089 members in Batangas, Rizal and Metro Manila in the aftermath of Super Typhoon ‘Carina’ and the southwest monsoon (Habagat).
The aforementioned areas were covered by the State of Calamity declaration. Flood-stricken GSIS members and pensioners are eligible to apply for the emergency loan program from July 26 to October 28, 2024.
Members and pensioners with existing emergency loan balances may borrow up to P40,000 to enable them to clear their previous loans and receive a maximum net amount of P20,000.
Those without existing loans may apply for up to P20,000. The loan features a low interest rate of six percent per annum and a repayment period of three years.
To qualify for the emergency loan, active members must not be on unpaid leave, have no pending administrative or legal cases, and have made at least six monthly premium payments before applying.
Their net take-home pay should not be less than P5,000 as stipulated by the General Appropriations Act. To be eligible for the loan, old-age and disability pensioners must have a net monthly pension that is at least 25 percent of their gross pension after deducting the amortization of the loan.
Eligible members may apply for the loan online through the GSIS Touch mobile app. They may also file their application through the GSIS Wireless Automated Processing System (GWAPS) kiosks located in all GSIS branches, major government offices such as the Department of Education, provincial capitols, city halls, municipal offices, and selected Robinson’s and SM malls.
For more information about the emergency loan program and application procedures, members are encouraged to visit the GSIS website at www.gsis.gov.ph, follow the GSIS Facebook page (@gsis.ph), email [email protected], or call the GSIS Contact Center at 8847 4747 (Metro Manila) or 1-800-8-847-4747 (Globe and TM subscribers) or 1-800-10-847-4747 (Smart, Sun, and TNT subscribers).
