Government Service Insurance System (GSIS) President and General Manager Robert G Vergara announced the opening of the Emergency Loan window to members residing or working in five more municipalities in Visayas and Mindanao that were affected by the inclement weather in recent weeks.
“Government workers residing or working in Banaybayan, Banaybanay, Davao Oriental; Culasi, Antique; Lawa-an, Antique; Talisay City, Cebu; and Valladolid Negros Occidental may now apply for the loan until September 17,” Vergara said. These areas, according to Vergara, have been placed under a state of calamity following the heavy rains and flash floods brought about by typhoon Gener, Ferdie and the southwest monsoon in the past three weeks.
Close to 3,000 GSIS members in the five municipalities are set to avail of the loan program. The GSIS has set aside a budget of Php54.6 million for the program.
Availees may apply for the loan through the nearest GSIS Wireless Automated Processing System (GWAPS) kiosks The proceeds will be electronically credited to the GSIS members’ account through their UMID cards. Members who do not have UMID cards may apply over-the-counter in any GSIS office.
The loan facility is available to members who work or reside in the calamity areas; not on leave of absence without pay; have no pending or administrative charge; have no arrears in premium payment; and have no loan that remain unpaid for six months or longer.
The agency of the member-applicant must not also be suspended because of non-payment and non-remittance of premiums and loans.
Under the emergency loan, qualified members may borrow P20,000, payable in equal monthly installment for three years.
Borrowers with outstanding emergency loans shall be allowed to renew the loan if they have paid at least 12 monthly installments but not earlier than the anniversary date of the previous loan. (GSIS)
