MANILA, December 10 - The Government Service Insurance System
(GSIS) has announced the grant of emergency loan for more than 345,000 GSIS
members in Visayas and Mindanao who were adversely affected by typhoon Pablo.
Emergency loan will be made available to GSIS members living or
working in the following areas in Mindanao and Visayas:
Misamis Oriental, Bukidnon, Lanao del Sur, Lanao del Norte, Misamis Occidental,
Zamboanga del Norte, Camiguin, Surigao del Norte, Siargao, Surigao del Sur,
Dinagat Province, Agusan del Norte, Agusan del Sur, Davao del Norte, Samal
Island, Compostela Valley, Davao Oriental, North Cotabato, Zamboanga del Sur,
Zamboanga Sibugay, Maguindanao, Bohol, Siquijor, Southern Cebu, Southern Negros
Oriental, Southern Negros Occidental, Southern Leyte, Antique, Iloilo, Camotes
Island.
Under the GSIS emergency loan program, each eligible member may borrow
Php20,000, payable in three years in equal monthly instalment. The initial
payment for the loan will start three months after the loan drawdown.
Eligible members who
may file for emergency loan include bona fide employees of the agency located
in the declared calamity area or are resident of the declared calamity area; in
active service and not on leave of absence without pay; have no pending
criminal or administrative charges; have no arrears in the payment of mandatory
social insurance contributions; and have no loan that has been declared in
default.
Members may apply for
the loan from December 7, 2012 to January 5, 2013, through the GWAPS kiosk using either the eCard or UMID
eCard. Those with temporary eCards may apply over-the-counter in
any GSIS office.
Meanwhile, members who
have existing emergency loans may be allowed to renew their emergency loan
after payment of 12 monthly repayments but not later than the anniversary date
of the previous loan.
In August, the GSIS
gave a supplemental budget of Php10 billion for the Loan Program.
For any inquiry about the program,
members may call the hotline number at 847.4747. (GSIS/PIA9/alt)
