Join our Facebook Group to download more FREE Learning Materials

GSIS ups emergency loan amount to P40K

  • by

Government workers can now avail of emergency loans from the Government Service Insurance System (GSIS) up to PHP40,000.

Under GSIS rules, the outstanding loan amount of a member will be deducted from the proceeds of the emergency loan once the application has been approved.

Emergency loans may be availed of within three months after the declaration of a state of calamity in an area.



GSIS members may apply for emergency loans after Malacanang declared a state of calamity nationwide since March 16 and the declaration will last for six months “unless earlier lifted or extended as circumstances may warrant” due to the coronavirus disease (Covid-19) pandemic.

Macasaet said they are accepting online loan applications because of the enhanced community quarantine (ECQ) declared over Luzon, among other areas.

He said the system has yielded good results, with total loan applications reaching nearly 40,000 with payout almost reaching PHP4 billion.




This article is brought to you by Education PH, your reliable partner for learning and success. Sa halagang P499/year, makakadownload ka na ng mga premium learning materials para sa iyong anak o estudyante.



RECOMMENDED


6 thoughts on “GSIS ups emergency loan amount to P40K”

  1. Marisol C. Reyes

    Please furnish me a copy of Gsis EML new/ updated form indicating the 40k loanable amount.
    Thank you very much.

  2. Kathleen delos reyes

    Nag apply din po ang Mr ko last April 21,2020..until now po Wala pa dn kmi narerecieve na notifications or messages galing sa inyo (GSIS)

  3. im holding temporary GSIS card only, i tried to apply but my card doesnt work, its a big help for us that loan, what will im going to do?

  4. follow up ko lng application ko,nag apply ako april 29 until now wala p din ako narereceive n notification.

Leave a Reply

Your email address will not be published. Required fields are marked *