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Government Service Insurance System office in Pasay City. Mark Demayo, ABS-CBN News


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<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/20230110-gsis-office-main-MD-5803.jpg" style="width:950px" class="fr-fic fr-dib" alt="Government Service Insurance System office in Pasay City. Mark Demayo, ABS-CBN News"/><span class="fr-inner"></span></span></span></div><p>Government Service Insurance System office in Pasay City. <em>Mark Demayo, ABS-CBN News</em></p><div><br/></div><p>MANILA — The Government Service Insurance System (GSIS) has allocated P44 million to fund its emergency loan program for members and pensioners who were affected by the recent heavy rains in two Camarines Norte towns.</p><p>Active GSIS members who are living or working in calamity-hit areas Mercedes and Vinzons can request a loan until the end of the month or February 29, GSIS said in a release.</p><p>Members should have paid their premium contributions &quot;within the last six months prior to application and not be on leave of absence without pay,&quot; it said.</p><p>Those who wish to avail of the calamity loan should also have a net take-home pay of at least P5,000 after the required monthly obligations were deducted, GSIS said.</p><div><strong>PENSIONERS</strong></div><p>Elderly and disability pensioners in the said areas can also apply for the calamity loan, as long as their net monthly pension after they availed of the loan is at least 25 percent of their monthly pension, the state insurer said.</p><p>They should have no outstanding loan being deducted from their monthly pension, except for pension loans. </p><p>&quot;Members with current emergency loans may borrow up to P40,000 to settle previous loan balances, ensuring a maximum net amount of P20,000,&quot; GSIS said.</p><p>&quot;Those without any outstanding emergency loan, including pensioners, may apply for a P20,000 loan,&quot; it said.</p><p>The loan can be paid in 3 years and has a 6 percent interest.</p><p>Members can apply for the calamity loan through the GSIS Touch mobile app or at GSIS kiosks.</p><div><a href="https://news.abs-cbn.com/news/2024/2/6/flood-victims-in-butuan-rise-to-more-than-10-000-025" rel="noopener noreferrer" target="_blank">Flood victims in Butuan rise to more than 10,000</a></div><div><a href="https://news.abs-cbn.com/news/2024/2/7/11-injured-after-landslide-buries-two-buses-in-davao-de-oro-856" rel="noopener noreferrer" target="_blank">11 injured after landslide buries two buses in Davao de Oro</a></div><div><a href="https://news.abs-cbn.com/news/2024/2/7/amihan-is-back-slightly-cooler-weather-ahead-in-luzon-807" rel="noopener noreferrer" target="_blank">Amihan is back: Slightly cooler weather ahead in Luzon, easterlies in Mindanao</a></div><div><br/></div><div><br/></div><div><br/></div>

<p>Active GSIS members who are living or working in calamity-hit areas can request a loan until the end of the month, GSIS said.</p>

Active GSIS members who are living or working in calamity-hit areas can request a loan until the end of the month, GSIS said.

GSIS has P44M loan fund for rain-battered Camarines Norte

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GSIS has P44M loan fund for rain-battered Camarines Norte

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Published Feb 07, 2024 11:43 AM PHT

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