The Government Service Insurance System (GSIS) has set aside nearly P8.6 billion in emergency loans for 363,547 active members and old-age and disability pensioners affected by various typhoons.
In the province of Isabela, the deadline for application is on 4 January.
Deadline for application in the provinces of Ifugao and Nueva Vizcaya, and the towns of Burgos and Bautista in Pangasinan province is on 5 January.
The emergency loan window is also open in the provinces of Cagayan until 16 January; Albay on 23 January; Batangas, Camarines Norte, and Catanduanes, until 28 January.
Qualified borrowers in the provinces of Quezon (excluding Lucena City), Camarines Sur, and Laguna; city of Naga; municipalities of Juban, Bulan, Irosin, Barcelona, Donsol, Matnog, and Castilla in Sorsogon; and municipality of San Fernando in Masbate have until 30 January.
Application for the following areas in Sorsogon has been extended until 5 February: Sorsogon City, Bacon, Casiguran, Bulusan, Magallanes, Santa Magdalena, Gubat, Prieto Diaz, and Pilar.
In the municipalities of Pio V. Corpuz and Uson in Masbate province, deadline for application are on 12 and 21 February, respectively.
Eligible to apply are active members who are working or residing in the calamity declared areas, have no due and demandable loan, not on unpaid leave, have paid premiums in the last six months prior to application, have no pending administrative or criminal case, and with a net monthly take-home pay of at least P5,000 after deductions.
Under the emergency loan facility, qualified members who have existing emergency loan may borrow up to P40,000 to pay off their previous emergency loan balance and enable them to receive a maximum net amount of P20,000. Those without existing emergency loan may apply for P20,000.
Old-age and disability pensioners may also apply for a P20,000 emergency loan, provided they are residing in the calamity areas and their net basic monthly pension is at least 25% after loan deductions.
Members and pensioners may apply for the loan through the GSIS Touch mobile application, which may be downloaded from the Google Play and Apple App stores.
The loan proceeds are electronically credited to the borrowers’ eCard or UMID card.
The loan comes with a 6% interest rate, no service fee, and payment period of three years. It includes a redemption insurance, which ensures that the balance will be deemed fully paid in the event of the borrower’s death, as long as payments are up-to-date.
For more information, visit the GSIS website (www.gsis.gov.ph), or the official Facebook page (@gsis.ph), or email gsiscares@gsis.gov.ph, or call the hotline at 8847-4747 (Metro Manila), 1-800-8-847-4747 (for Globe and TM users), or 1-800-10-847-4747 (for Smart, Sun, and Talk ’N Text subscribers).
