GSIS ready to extend emergency loans to members in areas under state of calamity

The Government Service Insurance System (GSIS) on Monday said that it is ready to extend emergency loans to members and pensioners who live or work in areas that have declared a state of calamity due to the Southwest Monsoon and tropical cyclones.

In a statement, the GSIS said eligible members and pensioners with existing emergency loans may borrow ₱40,000, which will be used to settle their outstanding emergency loan balance, with the remaining released to the borrower.

Those without existing loans may avail up to ₱20,000.

According to the GSIS, this may be availed by active members who reside or work in a declared calamity area, be in active service and not on leave of absence without pay, have no pending administrative or criminal case, have paid premiums within the last six months prior to application, and maintain a net take-home pay of at least ₱5,000 after loan deductions.

Meanwhile, the GSIS said that old-age and disability pensioners living in areas under a state of calamity may also apply. However, their resulting net monthly pension after loan deduction must at least be 25% of their basic monthly pension.

The GSIS Emergency Loan has an interest rate of 6% per annum and is payable over three years, it said.

Qualified individuals may apply through the GSIS Touch mobile application.

Members may also visit the GSIS website or contact the GSIS Contact Center at (02) 8847-4747 in Metro Manila, 1-800-8-847-4747 for Globe and TM subscribers, or 1-800-10-847-4747 for Smart, Sun and TNT subscribers; email gsiscares@gsis.gov.ph or visit the GSIS social media channels for more information or assistance.

On Sunday, Malacañang suspended face-to-face classes and in-person government work for Monday in Metro Manila and 15 provinces amid the heavy rain and flooding due to the Monsoon and tropical cyclones Luis and Maymay. — Joahna Lei Casilao/RSJ, GMA News