by Info @Brand Zone | Oct. 19, 2024
The Government Service Insurance System (GSIS) earmarked over P2.8 billion in emergency loan to around 87,000 active members and pensioners in nine areas in Luzon and Visayas. The areas have been declared under a state of calamity due to bad weather and mosquito-borne diseases.
Active members as well as old-age and disability pensioners may now apply for the loan. For those working or residing in in Ilocos Norte, the deadline for application is on November 5, 2024; in Northern Samar, Dingle in Iloilo, and Hinigaran in Negros Occidental, on November 7, 2024; and in Vinzons in Camarines Norte on December 24, 2024. Application deadlines have been extended until 2025 in the provinces of Palawan and Mountain Province until January 6; Batanes, until January 7; and in Cagayan Province until January 16.
To qualify for the loan, active members residing or working in the calamity areas 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.
Old-age and disability pensioners residing in the calamity areas may avail of the loan provided their net monthly pension is at least 25%.
Members and pensioners with existing emergency loan balances may borrow up to P40,000 to enable them to settle their previous loans and receive a maximum net amount of P20,000. Those without existing loans may apply for P20,000. The loan features a low interest rate of 6% per annum and payment period of three years.
Qualified active members and pensioners are encouraged to apply via the GSIS Touch mobile app.
For more information about the emergency loan, members are encouraged to visit the GSIS website at www.gsis.gov.ph, follow the GSIS Facebook page (@gsis.ph), email gsiscares@gsis.gov.ph, 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).
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