The Government Service Insurance System (GSIS) has earmarked P520 million in emergency loans to assist 21,153 eligible active members and old-age and disability pensioners affected by emergencies in Negros Occidental and in Bagulin, La Union.
The emergency loan underscores GSIS’ continuing commitment to provide immediate financial relief to its members and pensioners in areas placed under a state of calamity, disaster, or state of public health emergency, its press release said July 22.
Eligible borrowers in Negros Occidental, which has been placed under a state of calamity due to the red-striped soft scale insect (RSSI) infestation affecting sugarcane plantations, have until Aug. 14 to submit their applications.
Eligible members and pensioners in Bagulin, La Union, where a state of public health emergency has been declared due to a dengue outbreak, may apply for the emergency loan until Aug. 16.
To qualify, active members must be working or residing in the affected areas, have no unpaid GSIS loan for more than six months, are not on unpaid leave, have paid at least three months of premiums within the last six months, have no pending administrative or criminal case, and must maintain a monthly take-home pay of at least P5,000 after deductions.
Old-age and disability pensioners residing in the affected areas may also apply, provided that at least 25 percent of their monthly pension remains after all loan deductions and that they have no unpaid emergency loan overdue by more than six months.
The loan is payable over 36 monthly installments at a fixed interest rate of six percent per annum, the GSIS said. “No processing or service fee is charged.”
Applications may be submitted through the GSIS Touch mobile app. Loan proceeds will be credited directly to the borrower’s ATM account.
For more information, those interested may click on the official GSIS website and social media channels, email gsiscares@gsis.gov.ph, or call the GSIS Contact Center at (02) 8847-4747 (Metro Manila), 1-800-8-847-4747 for Globe and TM, or 1-800-10-847-4747 for Smart, Sun, and Talk ‘n Text subscribers. ||
