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GSIS offers calamity loan in three Pangasinan areas

Date Posted: September 10, 2015
Active members and pensioners of the Government Service Insurance System (GSIS) in the municipalities of Bani and Agno and in Dagupan City in Pangasinan who were affected by typhoon Falcon and heavy monsoon rains may apply for emergency loan until September 18, 2015.

The GSIS allocated more than P180 million for the loan.

Active members who are either working or residing in the areas are eligible to apply if they are not on leave of absence without pay, have no arrears in paying premium contributions, have no loans in default, and have no pending administrative or criminal case.

The loan is payable in 36 monthly instalments and carries a 6 percent interest rate per annum.

The 2,403 active members in the covered areas who are first-time borrowers are eligible to apply for a P20,000 emergency loan, while those who have existing emergency loan balance, numbering 2,323, may apply for P40,000.

Members may apply for the loan through the GSIS Wireless Automated Processing System (GWAPS) kiosks located in GSIS offices, provincial capitols, city halls, selected municipal offices, large government agencies such as the Department of Education, and selected Robinsons Malls.

The 1,030 old-age pensioners are required to apply in person if they wish to avail of the P20,000 pension emergency loan (PEL). PEL is covered by a loan redemption insurance, which deems the loan fully paid in case of death of the borrower.

Active members who are also old-age pensioners may borrow only once.

Loan proceeds are electronically credited to the borrower’s GSIS eCard or unified multipurpose identification (UMID) card.

Interested applicants who have further inquiries may call the GSIS Contact Center at 847-4747.