The Daily Tribune
GSIS allots P1.9B emergency loan for 71K members, pensioners
The Government Service Insurance System (GSIS) has allotted P1.9 billion in emergency loans for over 71,000 active members and pensioners affected by recent weather disturbances.
Qualified borrowers can avail of P20,000 loans with a 6% interest rate, payable over three years, and a P40,000 option for those with existing loans.
The loan includes redemption insurance covering the outstanding balance in case of the borrower's death.
GSIS has relaxed requirements for granting emergency loans, which will be released once a local sanggunian declares a state of calamity.
Applications can be filed via the GSIS Touch mobile app, with 99.79 percent of applications already submitted online.
The deadline for filing applications varies by location, with the latest being October 29 in Taguig.
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