The Government Service Insurance System (GSIS) has earmarked close to P315 million in emergency loan for its active members and old pensioners in the Visayas and Mindanao areas.
Covered are Dumaguete City and Valencia in Negros Oriental; Siocon, Zamboanga del Norte; Payao, Zamboanga Sibugay; and Molave, Zamboanga del Sur.
The Negros Oriental areas were hit by Typhoon Paolo, while Zamboanga towns experienced floods from heavy rainfall.
The deadline for loan application in Negros Oriental is December 22 and December 23 in Zamboanga.
A total of 5,380 active members who have no existing emergency loan may apply for a P20,000 loan while the 4,274 members who have not yet fully paid their existing loan may borrow P40,000, from which the outstanding balance will be deducted.
To qualify, active members must be working or residing in the covered areas; not on leave of absence without pay; have no arrears in paying premium contributions; and have no unpaid loans for more than six months.
Active members may apply through the GSIS Wireless Automated Processing System (GWAPS) kiosk located in all GSIS branch and extension offices; provincial capitols; city halls; select municipal offices; large government agencies such as the Department of Education; Robinsons Malls; and select SM City branches in North EDSA, Manila, Pampanga, Cebu and SM Aura in Taguig City.
The 1,821 old pensioners in the areas must personally apply for he emergency loan over the counter while pensioners who are active members may apply for the loan only once.
The emergency loan is payable in 36 equal monthly instalments at six percent interest rate per annum.
It is covered by a loan redemption insurance, which deems the loan fully paid in case of the borrower’s demise, provided that 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.
Members may visit the GSIS website, www.gsis.gov.ph, and Facebook account, @gsis.ph; email email@example.com; or call the GSIS Contact Center at (02) 847-4747.