The Government Service Insurance System (GSIS) said it budgeted nearly P8.6 billion in emergency loans for 363,547 active members and old-age and disability pensioners affected by various typhoons in Luzon.
It said that on the province of Isabela, the deadline for application is Jan. 4. Deadline for application in the provinces of Ifugao and Nueva Vizcaya, and the towns of Burgos and Bautista in Pangasinan province is on Jan. 5.
The emergency loan window is also open in the provinces of Cagayan until Jan. 16; Albay until Jan. 23; Batangas, Camarines Norte and Catanduanes until Jan. 28.
Qualified borrowers in the provinces of Quezon (excluding Lucena City), Camarines Sur and Laguna; city of Naga; municipalities of Juban, Bulan, Irosin, Barcelona, Donsol, Matnog and Castilla in Sorsogon; and municipality of San Fernando in Masbate have until Jan. 30 to file their application.
Application for the following areas in Sorsogon was extended until Feb. 5: Sorsogon City, Bacon, Casiguran, Bulusan, Magallanes, Santa Magdalena, Gubat, Prieto Diaz, and Pilar.
GSIS said that in the municipalities of Pio V. Corpuz and Uson in Masbate province, deadline for application is Feb. 12 and Feb. 21, respectively.
Eligible to apply are active members who are working or residing in the calamity declared areas, have no due and demandable loan, not on unpaid leave, have paid premiums in the last six months prior to application, have no pending administrative or criminal case, and with a net monthly take-home pay of at least P5,000 after deductions.
Under the emergency loan facility, qualified members who have existing emergency loan may borrow up to P40,000 to pay off their previous emergency loan balance and enable them to receive a maximum net amount of P20,000. Those without existing emergency loan may apply for P20,000.
Old-age and disability pensioners may also apply for a P20,000 emergency loan, provided they are residing in the calamity areas and their net basic monthly pension is at least 25 percent after loan deductions.
Members and pensioners may apply for the loan through the GSIS Touch mobile application, which may be downloaded from the Google Play and Apple App stores.
