STATE-PENSION fund Government Service Insurance System (GSIS) on Tuesday approved the grant of P20,000 emergency loan to eligible members residing and/or working in areas severely affected by tropical storm “Sendong.”
The loan, which should be applied between December 21, 2011 to January 20, 2012, is open to qualified members residing and/or working in the provinces of Misamis Oriental and Negros Oriental, municipalities and cities of Dipolog, Zamboanga Del Norte; Polanco, Zamboanga Del Norte; Ozamis, Misamis Occidental; Clarin, Misamis Occidental;
Also qualified to avail of the loan are those who are residing and/or working in Asuncion, Davao Del Norte; Tagbina, Surigao Del Sur; Hinatuan, Surigao Del Sur; Bislig, Surigao Del Sur; Lingig, Surigao Del Sur; Talacogon, Agusan Del Sur; Valencia, Bukidnon; Nabunturan, Compostela Valley; Montevista, Compostela Valley; Compostela, Compostela Valley; New Bataan, Compostela Valley; Monkayo, Compostela Valley; Iligan, Lanao Del Norte; Bubong, Lanal Del Sur; and Kapai, Lanao Del Sur.
Qualified to avail of the loan are members who are employees of the agency located in the declared calamity area or are resident of the declared calamity area; are in active service and not on leave of absence without pay; have no pending criminal or administrative charges; have no arrears in the payment of mandatory social insurance contributions; and have no loan that has been declared in default.
GSIS said members who are employed in agencies that are not suspended because of non-payment and non-remittance of premiums and loans can avail of the loan.
Member-applicant can apply for the loan through GWAPS kiosk using their eCard or their UMID eCard.
“Members who do not have an eCard Plus or UMID eCard but who are eligible to apply for the loan can apply via over-the-counter (OTC),” the state pension fund said.
“Proceeds of emergency loan applications filed via OTC will be credited to a temporary eCard which the GSIS has begun to issue,” it said.
GSIS said the loan program carries an interest rate of six percent per yeaar computed in advance, and is payable in three years in equal monthly installment. [PNA]
