Source: Provincial PIA Agusan del Sur
GSIS opens emergency loan in Agusan del Sur due to flooding
HEEDING the president’s call to provide assistance to victims of calamities, the Government Service Insurance System (GSIS) has opened its emergency loan window until March 15 to aid GSIS members and pensioners adversely affected by the flooding in the province of Agusan del Sur.
A total of 17,079 active members and 2,298 old-age pensioners who are working or residing in the area may apply for the emergency loan. The state pension fund set aside nearly P499 million in loan window.
Active GSIS members living or working in the calamity-hit areas are eligible for the loan. They must have paid their premiums within the last six months prior to application and not be on leave of absence without pay. They should have no pending administrative or criminal case and a have a resulting net take-home pay of at least P5,000 after all the required monthly obligations have been deducted.
Old-age and disability pensioners residing in the calamity areas may also avail of the loan as long as their resulting net monthly pension after loan availment is at least 25% of their basic monthly pension. They must also have no outstanding loan being deducted from their monthly pension except pension loan.
Members with existing emergency loans may borrow up to P40,000 to settle previous loan balances, ensuring a maximum net amount of P20,000. Those without any outstanding emergency loan, including pensioners, may apply for a P20,000 loan.
The loan has a 6% interest rate and a three-year payment term.
Members and pensioners may apply for the loan using the GSIS Touch mobile application, which is available for download from the Google Play Store and Apple App Store. They may also apply through the GSIS Wireless Automated Processing System (GWAPS) kiosks found in all GSIS offices, selected Robinsons and SM supermalls, and large government offices such as the Department of Education.
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).
