Government workers and pensioners affected by recent storms can now tap into emergency loans offered by the Government Service Insurance System (GSIS).
The state pension fund announced it is accepting applications from qualified members and pensioners in Cavite, Quezon City, Umingan in Pangasinan, and Calumpit in Bulacan—areas hit by Severe Tropical Storm Crising (international name Wipha) and the southwest monsoon.
“This emergency loan is one way we can quickly respond to the needs of our members and pensioners affected by the recent calamities,” said GSIS officer-in-charge Juliet Bautista on Thursday, July 24.
The application deadline is August 23 for Umingan and Calumpit, and October 23 for Cavite and Quezon City.
Loan Up to P40,000, Payable in 3 Years
Active GSIS members with an existing emergency loan may borrow up to P40,000. First-time borrowers may get up to P20,000. The loan is payable in three years with a 6% annual interest rate and no processing fee.
To qualify, members must:
- * Be in active service and not on unpaid leave.
- * Work or reside in a declared calamity area.
- * Have no pending administrative or legal cases.
- * Have paid at least six monthly premiums.
- * Maintain a minimum net take-home pay of P5,000.
Old-age and disability pensioners may also apply if their net monthly pension after loan deductions is at least 25% of their gross pension.
Mobile App Encouraged for Faster Processing
GSIS is encouraging applicants to use the GSIS Touch mobile app for faster processing. For those not yet registered, applications may also be done through GSIS Wireless Automated Processing System (GWAPS) kiosks, GSIS branches, select government offices, or over the counter.
GSIS noted that more areas may soon be covered once local governments submit official declarations of a state of calamity.
For updates and complete requirements, members and pensioners are advised to visit the GSIS website or follow its official social media pages.
