GSIS offers emergency loan until April 9 in 9 Mindoro areas due to oil spill

Date published: Mar 14,2023March 14, 2023

The Government Service Insurance System (GSIS) opened its emergency loan until April 9, 2023 for active members and old-age and disability pensioners in nine Oriental Mindoro areas affected by the oil spill. The accident emanated from a motor tanker that capsized off the coast of Naujan, Oriental Mindoro last February 28. GSIS pension fund chief Wick Veloso heeded the appeal of President Ferdinand Marcos Jr. to ensure that help is extended by government agencies to those hit by the oil spill. “The oil spill has affected more than half of Oriental Mindoro. With our P129 million emergency loan program, we...

GSIS ready to assist members, pensioners hit by Florita

Date published: Aug 25,2022August 25, 2022

Government Service Insurance System (GSIS) president and general manager Wick Veloso announced today that GSIS will open its emergency loan program to assist its members and pensioners affected by severe tropical storm Florita. GSIS members who have existing emergency loan balance may borrow up to Php40,000 to pay off their previous emergency loan balance and still receive a maximum net amount of Php20,000. Those without existing emergency loan may apply for Php20,000. Pensioners may likewise apply for a Php20,000 loan. Active members residing or working in affected areas as well as old-age and disability pensioners based in the same areas...

GSIS earmarks P272M in emergency loan for Davao de Oro members, pensioners

Date published: Jun 21,2022June 21, 2022

State pension fund Government Service Insurance System (GSIS) set aside close to P272 million in emergency loan for members and pensioners who were affected by massive flooding due to heavy rains in the province of Davao de Oro in April. GSIS is accepting applications until July 5. Expected to benefit from the loan are 12,325 active members and 1,257 old-age and disability pensioners. Active members must be working or residing in the calamity-declared area. To qualify for the program, they must not be on leave of absence without pay, have no pending administrative case or criminal charge, have at least...

GSIS to offer loan of up to P5M on April 23

Date published: Apr 12,2022April 12, 2022

The Government Service Insurance System (GSIS) will open on April 23 the Multi-purpose Loan (MPL) Plus program that offers a credit limit of P5 million. It also extended the maximum payment term to 10 years and relaxed the borrowers’ eligibility requirements. “We enhanced the MPL program based on the feedback from members in the previous MPL so we can offer a loan program that will best suit their needs. Sa MPL Plus, umaasa ang GSIS na mas marami pa tayong miyembrong matutulungan,” President and General Manager (PGM) Rolando Ledesma Macasaet said. Under MPL Plus, the credit limit has been raised...