The Government Service Insurance System (GSIS) has opened an emergency loan program for members and pensioners directly affected by typhoons.
“Members and pensioners may borrow P20,000 under the GSIS Emergency Loan Program. The loan is payable in 36 equal monthly instalments at only 6% interest rate,” GSIS President and General Manager Rolando Ledesma Macasaet said in a statement.
Members who are qualified to apply include those who are in active service and not on leave of absence without pay; have no pending administrative or criminal cases; and have a net take-home pay of not lower than P5,000.
Those that have due and demandable loan accounts (have arrears of over six months) can also renew their previous emergency loan from a different calamity (excluded under the Covid-19 Emergency Loan Program).
Members with only three months of paid premiums may also apply.