GSIS allots P2-b emergency loans to storm victims

posted August 16, 2018 at 07:40 pm
by  Manila Standard
The Government Service Insurance System has allotted P2.08 billion in emergency loans for its active members and old-age pensioners who were affected by calamities  in Cavite (tropical storms “Henry,” “Inday” and “Josie”); in Marikina City (“Josie”); and in the municipality of Rizal in Palawan (typhoon “Vinta”).

The application deadline for Rizal, Palawan, is Aug. 25, and for Cavite and Marikina is Sept. 9.

A total of 39,450 active members in the calamity areas who have no existing emergency loan may apply for a P20,000 loan.

A total of 27,231 members who have not yet fully paid their emergency loan may apply for an amount of P40,000, from which the outstanding balance will be deducted.

Qualified borrowers are active members who are working or residing in these areas, are not on leave of absence without pay, have no arrears in paying monthly social insurance premium contributions, and have no unpaid loans for more than six months.

They should also have a minimum net take-home pay of P5,000 after monthly premium contributions and loan amortization have been deducted.

Active members may apply through the GSIS Wireless Automated Processing System (GWAPS) kiosk located in all GSIS branch and extension offices; provincial capitols; city halls; selected municipal offices; large government agencies such as the Department of Education; Robinsons Malls; and selected SM City branches in North EDSA, Manila, Pampanga, Cebu, SM Aura in Taguig and Mall of Asia in Pasay City.

A total of 10,305 old-age pensioners in the calamity areas are qualified to apply for a P20,000 loan. Interested pensioners should personally file their application over the counter.  Pensioners who are also active members may apply for the loan only once.

Emergency loan is payable in 36 equal monthly installments at the rate of six percent interest per annum. It is covered by a loan redemption insurance, which deems the loan fully paid in case of the borrower’s demise, provided that loan repayment is up to date.

Loan proceeds are electronically credited to the borrower’s GSIS electronic card (eCard) or unified multipurpose identification (UMID) card.

Interested parties who have inquiries may visit the GSIS website, www.gsis.gov.ph, or Facebook account, @gsis.ph; email gsiscares@gsis.gov.ph; or call the GSIS Contact Center at 847-4747 or 1-800-8-847-4747 (for Globe [free with minimum Php8.00 load] and TM subscribers) or 1-800-10-847-4747 [for Smart, Sun, and Talk ’N Text subscribers; Php8.00/call])​

Topics: Government Service Insurance System , GSIS Wireless Automated Processing System
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