The Government Service Insurance System has allotted P4.9 billion in calamity loans for its active members and old-age pensioners affected by Typhoon “Nina” in the provinces of Albay, Batangas, Camarines Sur, Catanduanes, Marinduque, Quezon, and six areas in Oriental Mindoro.
A total of 7,952 active members and 820 old-age pensioners in Calapan City and municipalities of Naujan, Baco, San Teodoro, Pola, and Puerto Galera in Oriental Mindoro may avail of the loan until Feb. 17, the agency said.
The 73,798 active members working or residing in these areas, plus 12,305 old-age pensioners residing in Batangas, Marinduque, and Quezon may apply for the loan until Feb. 9.
The application deadline for 62,339 active members and 11,115 old-age pensioners in Albay, Camarines Sur, and Catanduanes is Feb. 2, GSIS added.
To qualify for the loan, active members must not be on leave of absence without pay, have no arrears in paying premium contributions, and have no unpaid loans for more than six months.
Members who are availing of the loan for the first time may borrow P20,000, while those with loan balances may get P40,000.
Active members may apply through any GSIS Wireless Automated Processing System or GWAPS kiosks in all GSIS branches and extension offices, provincial capitols, city halls, selected municipal offices, large government agencies such as the Department of Education, Robinsons Malls, and SM branches in North EDSA, Manila, Pampanga, Cebu, and SM Aura in Taguig.
Old-age pensioners may apply for a P20,000 loan at the nearest GSIS branch office. Pensioners who are also active members, after reentering government service, may apply for the loan once.
The loan is payable in 36 equal monthly instalments at a 6-percent interest rate per annum computed in advance. It is covered by loan redemption insurance, which deems the loan fully paid in case of the borrower’s demise, provided the loan repayment is up to date.
Loan proceeds are electronically credited to the borrower’s GSIS electronic card (eCard) or unified multipurpose identification (UMID) card. For more information, borrowers may visit www.gsis.gov.ph; email [email protected]; or call the GSIS Contact Center at 847-4747.