The Government Service Insurance System (GSIS) has set aside ₱2.75 billion in emergency loans for 109,047 active members and pensioners in areas hit by a crop pest outbreak, a rise in dengue cases and El Niño dry spell conditions.
The loans are available in areas placed under a state of calamity or a public health emergency. GSIS said the money is meant to give members and pensioners immediate financial relief for rebuilding homes, repairing damaged property, recovering from illness and restoring livelihoods.
Applications close on November 13 in Capiz, November 20 in Camarines Norte, Camarines Sur and Naga City, and November 28 in Agusan del Sur and Las Nieves in Agusan del Norte. GSIS is also still accepting emergency loan applications in other calamity-affected areas. The deadline is November 12 for Cavite and November 16 for Rodriguez, Rizal.
Who can apply
Active members must work or live in a calamity-declared area. They must not be on leave without pay and must have no pending administrative or criminal case. They must have paid three months of premium contributions within the prescribed six-month period and have no unpaid loans older than six months. Their net take-home pay must be at least ₱5,000 after all mandatory monthly deductions.
Old-age and disability pensioners living in the affected areas may also apply. Their net monthly pension after the loan must be at least 25 percent of their basic monthly pension.
Loan amounts and terms
Members with an existing emergency loan balance may borrow up to ₱40,000. The loan first pays off the previous balance, and the member receives a maximum net amount of ₱20,000. Members without an existing emergency loan may apply for up to ₱20,000.
The loan carries 6 percent interest and is payable over three years. Monthly amortization is ₱655.56 for a ₱20,000 loan and ₱1,311.11 for a ₱40,000 loan. Under the redemption insurance feature, the outstanding balance is treated as fully paid if the borrower dies, provided payments are up to date.
How to apply
Members and pensioners may submit applications through the GSIS Touch mobile app. Proceeds are credited directly to the borrower’s ATM account.
More information is available on the official GSIS website and social media channels. Inquiries may be sent to [email protected] or made through the GSIS Contact Center at (02) 8847-4747 in Metro Manila, 1-800-8-847-4747 for Globe and TM subscribers, and 1-800-10-847-4747 for Smart, Sun and Talk ‘N Text subscribers.
Earlier loan window
Tech Pilipinas reported on October 22 that GSIS had opened a separate ₱1.69 billion emergency loan window for 68,506 members and pensioners in Albay, Naga City and Camarines Norte after calamity declarations in those areas. The new allocation covers more members and adds areas such as Camarines Sur, Capiz and Agusan del Sur.
The nearest application deadline is November 12 for Cavite, followed by November 13 for Capiz.
