The Government Service Insurance System (GSIS) has earmarked P178 million in emergency loan to assist 6,918 GSIS members and pensioners in Sta. Rosa City, Laguna who have been affected by pertussis. The loan is open until May 24.
Qualified active GSIS members living or working in Sta. Rosa borrow under the loan program. Old-age and disability pensioners residing in the calamity areas and meet the qualifications may also avail of the loan.
Members and pensioners with current emergency loans may borrow up to P40,000 to settle previous loan balances and ensure a maximum net amount of P20,000. Those without any outstanding emergency loan, may apply for a P20,000 loan.
The loan has a 6% interest rate and a three-year payment term.
Qualified borrowers may apply for the loan anytime, anywhere via the GSIS Touch mobile app. Qualified members are those who have paid their premiums within the last six months prior to application; not on leave of absence without pay; and have no pending administrative or criminal case. They must also have a net take-home pay of at least P5,000 after all the monthly obligations have been deducted.
Pensioners may qualify for the loan as long as their resulting net basic monthly pension after availment of the loan is at least 25% of their pension.
For inquiries, visit the GSIS website (www.gsis.gov.ph), or its official Facebook page (@gsis.ph); email [email protected]; or call hotline at 8847-4747 (for those in Metro Manila), 1-800-8-847-4747 (for Globe and TM users), and 1-800-10-847-4747 (for Smart, Sun, and Talk ’N Text subscribers).
