GSIS emergency loan now available

GSIS President and General Manager (PGM) Rolando Ledesma Macasaet reports to the House of Representatives Defeat COVID-19 Committee (DCC) about the pension fund’s additional COVID-19 amelioration programs for its members and pensioners.

Among the newest programs that the PGM has announced during the DCC meeting held this afternoon are the online emergency loan and the Bayanihan Fund for Frontliners (BFF).

Watch

Please watch the video for his entire report using this link https://web.facebook.com/gsis.ph/videos/987455471649484/

Read also:
Guidelines on GSIS grants of 3-month moratorium on all loan payments
GSIS members, pensioners may opt to apply loan online

You can check the requirement below found on GSIS website that can be applicable to our current situation.

The Emergency Loan is 0ffered to members who are adversely affected by calamities.  The loan is payable in three years or 36 equal monthly installments at an interest rate of six percent per annum. If renewed, the balance of the outstanding loan will be deducted from the proceeds of the new loan.

Eligibility

To qualify for the emergency loan, the member-applicant must be:

• a bona fide resident or employee of the government office within the declared calamity area;
• be in active service and not on leave of absence without pay;
• has no arrearages in the payment of mandatory social insurance contributions; and
• has no loan that has been declared in default.

A  calamity-hit area  must be declared under a state of calamity by the Sangguniang Panlalawigan/Panglungsod and/or the National Disaster Reduction Risk Management Council.

Application

Members with a GSIS eCard / UMID card may apply for an Emergency Loan through the GSIS Wireless Automated Processing System  (GWAPS) kiosk.

Application form for Emergency Loan may be downloaded here.

Areas eligible for emergency loan (current)