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GSIS offers emergency loan to members, pensioners in Valencia City
GSIS offers emergency loan to members, pensioners in Valencia City

Date Posted: January 31, 2018
The Government Service Insurance System (GSIS) is offering emergency loan to a total of 3,598 active members and old-age pensioners in Valencia City, Bukidnon, who have been affected by typhoon Vinta.

The deadline for application is February 22.

A total of 2,062 active members in Valencia City who have no existing emergency loans may apply for a PhP20,000 loan. The 1,226 active members in the area who have not yet fully paid their loan may apply for a PhP40,000 loan, from which the remaining balance will be deducted.

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 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, the 310 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, or Facebook account,; email; or call the GSIS Contact Center at 847-4747.