GSIS offers emergency loan to 41K El Niño victims in Iloilo

Home Media Center GSIS offers emergency loan to 41K El Niño victims in Iloilo

Date Posted: July 22, 2019

State pension fund Government Service Insurance System (GSIS) opened its emergency loan window to active members and old-age pensioners in Iloilo who have been affected by El Niño.

The deadline of application is July 25, 2019. The grant in the said province excludes Iloilo City and the municipalities of Janiuay, Lambunao, and Mina, which were earlier offered the same loan and with the acceptance of application having ended last June 29, 2019.

Under the program, members with no existing emergency loan may borrow Php20,000 while those who still have outstanding balance in their previous emergency loan account may be granted a Php40,000 loan. Old-age pensioners in the area may apply for a Php20,000 loan. At present, a total of 33,465 active members and 7,407 old-age pensioners in the area are qualified to apply for the loan.

To qualify, active members must be working or residing in the calamity-declared area, not be on leave of absence without pay, have no arrears in paying monthly mandatory life insurance or social insurance 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 contributions and loan amortizations have been deducted. Pensioners who are also active members may apply for the loan only once.

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, SM Southmall in Las Piñas, and Mall of Asia in Pasay City (subject to approval of their agency authorized officer [AAO]). Old-age pensioners must personally apply for the loan.

The GSIS emergency loan is payable in 36 equal monthly installments 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,, or Facebook account,; email; or call the GSIS Contact Center at 847-4747 if in Metro Manila or 1-800-8-847-4747 (for Globe [free with minimum Php8.00 load] and TM subscribers) or 1-800-10-847-4747 [for Smart, Sun, and Talk ’N Text subscribers; Php8.00/call]).