The Government Service Insurance System (GSIS) said it allocated an additional P1.9 billion in emergency loans for more than 71,000 active members and pensioners in five areas heavily affected by the southwest monsoon and a series of tropical storms.
GSIS officer-in-charge president and general manager Juliet Bautista said the requirements for the loans have been relaxed. “We now release them once a local sanggunian declares a state of calamity upon the recommendation of the Local Disaster Risk Reduction and Management Council,” Bautista said.
The deadline for filing applications is Oct. 5 in Quintin, Pangasinan; Oct. 7 in Sultan Kudarat province; Oct. 10 in Atok, Benguet; Oct. 27 in Parañaque City; and Oct. 29 in Taguig City.
“We made the process secure and convenient,” Bautista added, noting that applications can be filed via the GSIS Touch mobile app. So far, 99.79 percent of applications have been submitted online.
Active members and pensioners in the affected areas can apply, provided they meet certain criteria, including having no existing GSIS loan that is due and payable, a net monthly take-home pay of at least P5,000 after deductions, and having paid premiums for the last six months.
