The Government Service Insurance System (GSIS) has allocated more than P12 million in emergency loan for 546 active members and 49 old-age pensioners working or residing in the municipality of Kumalarang in Zamboanga del Sur.
Various barangays of Kumalarang were severely flooded due to strong rains brought by an Inter-Tropical Convergence Zone (ITCZ).
Active members working or residing in the affected area may apply provided that they have no due and demandable GSIS loan, are not on unpaid leave, have paid premiums in the last six months before applying, have no pending administrative or criminal case, and have a net monthly take-home pay of at least P5,000 after deductions.
Old-age pensioners may also apply, provided they are residing in the affected area, and their net basic monthly pension is at least 25% after deductions.
Those with no existing emergency loan may borrow P20,000 while those with outstanding balance in their previous emergency loan account may be granted a P40,000 loan.
The application deadline for the loan is on July 9. Meanwhile, loan proceeds will be electronically credited to the borrower’s eCard or UMID card.
The GSIS emergency loan is payable in 36 equal monthly installments at 6 percent interest rate. It is covered by a loan redemption insurance, which deems the loan fully paid, in case of the borrower’s demise, provided the loan payment is up to date.
Members and pensioners may apply for the loan through the GSIS Touch mobile application, which can be downloaded from the Google Play and Apple App Stores.
For more information about the emergency loan, please visit the GSIS website (www.gsis.gov.ph), follow the GSIS social media platforms (https://www.gsis.gov.ph/ginhawa-for-all/social-media-platforms/), 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).
