GSIS extends H.E.L.P to 5 more Yolanda-hit areas

Home Loans emergency loan GSIS extends H.E.L.P to 5 more Yolanda-hit areas

Date Posted: April 21, 2014

The Government Service Insurance System (GSIS) announced today that GSIS members either living or working in Escalante City in Negros Occidental, Malay in Aklan, Dingle in Iloilo, Mahaplag in Leyte, and Sta. Rita in Samar may now apply for the Home Emergency Loan Program (HELP) until April 30, 2014.

HELP, a one-time special loan program, aims to enable GSIS members to rebuild their homes in communities that were hardest hit by super typhoon Yolanda.

Under the program, the maximum loan amount that members may borrow is based on their total length of service.

Those with less than five years of service may borrow Php30,000; while those with five years but less than 10 years of service may borrow up to Php100,000.

Members who have been serving in government for 10 years or more are entitled to a loan of Php200,000.

The loan is payable in 10 years and bears an interest rate of six percent.

The approval of the agency authorized officer (AAO) is required to process the loan.

For more inquiries on HELP, members may call the GSIS contact center at 847.4747.