G.S.I.S. offering emergency loan to members in storm-hit areas

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Government Service Insurance System (GSIS) President and General Manager Rolando Ledesma Macasaet announced that the pension fund is now granting emergency loan to members and pensioners in six regions in the country who bore the brunt of Typhoon “Odette.”

Active members residing or working, as well as old age and disability pensioners residing, in Regions 4B (Mindoro, Marinduque, Romblon, Palawan or Mimaropa), 6 (Western Visayas), 7 (Central Visayas), 8 (Eastern Visayas), 10 (Northern Mindanao), and 13 (Caraga) may apply for the loan.

Qualified loan borrowers with existing emergency loan may borrow up to P40,000 to pay off their previous emergency loan balance and still receive a maximum net amount of P20,000. Those without existing emergency loan may apply for P20,000.

The loan is payable in 36 equal monthly installments at 6-percent interest rate computed in advance. It is also covered by a loan redemption insurance, which deems the loan fully paid in case of the borrower’s demise, provided that loan payment is up to date.

Qualified to apply are members who are in active service and not on leave of absence without pay; have no pending administrative or criminal case; and have a net take-home pay of not lower than P5,000 after all required monthly obligations have been deducted.

Interested parties may visit the GSIS web site (www.gsis.gov.ph) or Facebook page (@gsis.ph); e-mail gsiscares@gsis.gov.ph; 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).