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GSIS offers emergency loans to 660 members, pensioners in Tampakan, South Cotabato

Date Posted: January 29, 2018
The Government Service Insurance System (GSIS) is offering an emergency loan to its 608 active members and 52 old-age pensioners in Tampakan, South Cotabato, who were affected by heavy and continuous rainfall.

The deadline for application is February 3,2018.

Active members in Tampakan who have no existing emergency loans may apply for a Php20,000 loan. Those in the area who have not yet fully paid their loan may borrow Php40,000, from which the outstanding balance will be deducted.

To qualify, active members must be working or residing in the area, not be on leave of absence without pay, have no arrears in paying premium contributions, and have no unpaid loans for more than six months. They should also have a minimum net take-home pay of Php5,000 after the monthly premium contribution and loan amortization have been deducted.

Active members may apply through the GSIS Wireless Automated Processing System (GWAPS) kiosk located in all GSIS branch and extension offices; provincial capitols; city halls; selected municipal offices; large government agencies such as the Department of Education; Robinsons Malls; and selected SM City branches in North EDSA, Manila, Pampanga, Cebu, SM Aura in Taguig and Mall of Asia in Pasay City.

To avail of the loan, old-age pensioners in the area may apply over the counter. They are eligible for a Php20,000 loan amount. Pensioners who are also active members may apply for the loan only once.

Emergency loan is payable in 36 equal monthly instalments at six percent interest rate per annum. It is covered by a loan redemption insurance, which deems the loan fully paid in case of the borrower’s demise, provided that loan repayment is up to date.

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

Interested parties who have inquiries may visit the GSIS website, www.gsis.gov.ph, or Facebook account, @gsis.ph; email gsiscares@gsis.gov.ph; or call the GSIS Contact Center at 847-4747.