The Government Service Insurance System said its emergency loan program is available for members and pensioners affected by super typhoon Goring.
“We prepared our support, including emergency loan assistance, to ensure our members and pensioners are fully aware of this important financial lifeline,” GSIS president and general manager Wick Veloso said in a statement, adding they allocated a P6 billion budget for this purpose.
Active GSIS members living or working in calamity-hit areas are eligible for the loan.
Their net take-home pay should not go below P5,000 after all monthly deductions have been made, as mandated by the General Appropriations Act.
Pensioners living in affected areas can also avail of the loan. However, their net monthly pension, after accounting for the loan, should not fall below 25 percent of their basic monthly pension, the GSIS said.
Members 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, including pensioners, can apply for a P20,000 loan.
The loan has a six percent interest rate and a three-year repayment term.
Members can apply for the loan anytime, anywhere, via the GSIS Touch mobile app.
They can also go to the nearest GSIS kiosk located in major government offices, such as the Department of Education, all GSIS branches, provincial capitols, city halls, municipal offices, and select malls.
For further details or inquiries, members and pensioners may visit the website at www.gsis.gov.ph, check their official Facebook page @gsis.ph, send an email to gsiscares@gsis.gov.ph, or reach out via the call center hotline. Toll-free numbers include 1-800-8-847-4747 for Globe and TM users, and 1-800-10-847-4747 for Smart, Sun, and Talk ’N Text subscribers. ||
