The Government Service Insurance System (GSIS) said Friday it earmarked over P2.8 billion in emergency loan to around 87,000 active members and pensioners in nine areas in Luzon and Visayas.
The areas were declared under a state of calamity due to bad weather and mosquito-borne diseases.
Active members and old-age and disability pensioners may apply for the loan.
GSIS said that for those working or residing in in Ilocos Norte, the deadline for application is on Nov. 5, 2024; in Northern Samar, Dingle in Iloilo and Hinigaran in Negros Occidental on Nov. 7, 2024; and in Vinzons in Camarines Norte on Dec. 24, 2024.
Application deadlines were extended until 2025 in the provinces of Palawan and Mountain Province until Jan. 6; Batanes, until Jan. 7; and in Cagayan province until Jan. 16.
To qualify for the loan, active members residing or working in the calamity areas should not be on unpaid leave, have no pending administrative or legal cases and have made at least six monthly premium payments before applying. Their net take-home pay should not be less than P5,000 as stipulated by the General Appropriations Act.
Old-age and disability pensioners residing in the calamity areas may avail of the loan provided their net monthly pension is at least 25 percent.
Members and pensioners with existing emergency loan balances may borrow up to P40,000 to enable them to settle their previous loans and receive a maximum net amount of P20,000.
Those without existing loans may apply for P20,000. The loan features a low interest rate of 6% per annum and payment period of three years.
GSIS encourages qualified active members and pensioners to apply via the GSIS Touch mobile app.
