GSIS opens emergency loan for Zambo members affected by weather changes
RESPONDING to the president’s call to assist victims of calamities, the Government Service Insurance System (GSIS) has opened its emergency loan window for GSIS members and pensioners adversely affected by weather changes in Zamboanga City.
A total of 23,872 active members and 5,208 old-age and disability pensioners who are working or residing in Zamboanga City may apply for the emergency loan. The deadline for filing of application is on April 25.
The amount earmarked for the loan window is P705.36 million to help those affected by heavy rainfalls and depleting water supply in the city.
Members with existing emergency loan balance may borrow up to P40,000 to clear the balance of their previous emergency loan and receive a maximum net amount of P20,000. Meanwhile, pensioners and those without existing emergency loan may apply for a P20,000 loan.
To qualify for the GSIS Emergency Loan, active members must not be on unpaid leave, have no pending legal cases, have paid premiums within the last six months, and their net take-home pay should not be lower than P5,000 as prescribed by the General Appropriations Act.
Old-age and disability pensioners residing in the calamity area may avail of the loan provided their net monthly pension is at least 25%.
The loan has a low interest rate of 6% and payment period of three years. It also includes redemption insurance coverage, which will pay off the loan balance in case of the borrower’s death during the loan term, for as long as the payments are updated.
Members and pensioners may apply for the loan using the GSIS Touch mobile application, which may be downloaded from the Google Play Store and Apple App Store.
For inquiries, visit the GSIS website (www.gsis.gov.ph) or Facebook page (@gsis.ph), email [email protected], or call the GSIS Contact Center at 8847-4747 (if in Metro Manila) or 1-800-8-847-4747 (for Globe and TM subscribers) or 1-800-10-847-4747 (for Smart, Sun, and Talk ’N Text subscribers).
