GSIS opens emergency loan to members affected by Zambo siege

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TO assist members who have been affected by the conflict between government forces and the Moro National Liberation Front (MNLF) in Zamboanga city, the Government Service Insurance System (GSIS) has opened its emergency loan program.

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According to GSIS President and General Manager Robert Vergara, GSIS members in the cities of Zamboanga and Lamitan may apply for the loan from September 28 to October 27  in any GSIS branch office.

The application could be filed through its file anywhere policy or through the GSIS Wireless Automated Processing System (GWAPS) kiosk using their GSIS eCard or their unified multipurpose identification (UMID)-compliant eCard.

Eligible members may borrow up to P20,000, which is payable in 36 equal monthly installments, with a reduced interest rate of six per cent.

Renewal of loan may be made upon payment of at least 12 monthly amortizations but not earlier than the anniversary date of the previous emergency loan.

“They can avail of the emergency loan if they are not on leave of absence without pay, have no pending criminal or administrative charges, have no arrears in the payment of mandatory monthly contributions and have no loans that are declared in default,” he added.

Meanwhile, the GSIS is still accepting application for emergency loan from  members recently affected by heavy rains in Maguindanao and Cotabato City (September 17 to October 16); and Tupi, South Cotabato (September 23 to October 22).

Other loan programs that GSIS members may avail of are the following: Educational Assistance Loan (EAL) which is open until December 27, 2013; Consolidated Loan; and policy loan. RITCHIE A. HORARIO

 

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