GSIS extends emergency loans to members affected by ‘Enteng’

The Government Service Insurance System (GSIS) said it is extending its emergency loan program to provide financial relief to members and pensioners in areas affected by Typhoon Enteng as soon as it obtained the list of areas declared under state of calamity.

The initiative builds on GSIS’s ongoing emergency loan program which has already been activated in several calamity-declared areas across the country.

Members and pensioners in areas affected by the Southwest Monsoon (Habagat) and Typhoon Carina can apply until their respective deadlines: Oct. 26, 2024 for Baco and Pinamalayan, Oriental Mindoro; Oct. 25, 2024 for Batangas, Rizal and NCR; Oct. 29, 2024 for Bulacan and Pampanga; Oct. 31, 2024 for Camiling, Tarlac; Nov. 1, 2024 for San Andres, Romblon and Mabitac, Laguna; Nov. 5, 2024 for Ilocos Norte and La Union; Nov. 13, 2024 for Ilocos Sur; and Nov. 21, 2024, for Mangatarem, Pangasinan.

GSIS said that to qualify for the emergency loan, active members should be residing or working in a calamity-declared area, not be on unpaid leave, have no pending administrative or legal cases, have no due and demandable loan and have made at least six monthly premium payments prior to applying.

Take-home net pay should not be less than P5,000, as stipulated by the General Appropriations Act.

Old-age and disability pensioners should ensure that their net monthly pension remains at least 25 percent after deductions for loan amortization.

Members and pensioners with an existing emergency loan balance may borrow up to P40,000 to settle their previous loans, with a maximum net amount of P20,000.

Those without existing balances may apply for a P20,000 loan. The loan offers a low interest rate of 6 percent per annum, with a repayment period of three years.

Qualified members and pensioners can apply for the loan online through the GSIS Touch mobile app.

They may also submit their applications through GSIS Wireless Automated Processing System (GWAPS) kiosks located in GSIS branches nationwide, major government offices such as the Department of Education, provincial capitols, city halls, municipal offices and select Robinson’s and SM malls.