GSIS COMPLEX, Pasay City — The Government Service Insurance System (GSIS) has allocated part of the ₱8.6 billion emergency loan for active members to its old-age and disability pensioners in Luzon who were affected by the recent spate of typhoons.

The GSIS reminded its 363,547 active members, elderly retirees and pensioner with disabilities that deadlines have been set for applying for the loan.

In the province of Isabela, the deadline for application is on Saturday, January 4, while in the provinces of Ifugao and Nueva Vizcaya, and the towns of Burgos and Bautista in Pangasinan, it is on Sunday, January 5.
The emergency loan window is also open in the provinces of Cagayan until January 16, Albay until January 23 and Batangas, Camarines Norte and Catanduanes until 28 January 28.

Meanwhile, qualified borrowers in Quezon province (excluding Lucena City), Camarines Sur and Laguna, Naga City, the towns of Juban, Bulan, Irosin, Barcelona, Donsol, Matnog and Castilla in Sorsogon and the municipality of San Fernando in Masbate have until January 30 to file their loan applications.

However, application for the following areas in Sorsogon has been extended until 5 February: Sorsogon City, Bacon, Casiguran, Bulusan, Magallanes, Santa Magdalena, Gubat, Prieto Diaz and Pilar.

In the municipalities of Pio V. Corpuz and Uson in Masbate province, deadline for application is on February 12 and 21, respectively.

Under the emergency loan facility, qualified members who have existing emergency loan may borrow up to ₱40,000 to pay off their previous emergency loan balance and enable them to receive a maximum net amount of ₱20,000. Those without existing emergency loan may apply for ₱20,000.
Old-age and disability pensioners may apply for a ₱20,000 emergency loan, provided they are residing in the calamity areas and their net basic monthly pension is at least 25 percent after loan deductions.
Members and pensioners may apply for the loan through the GSIS Touch mobile application, which may be downloaded from the Google Play and Apple App stores.

The loan proceeds are electronically credited to the borrowers’ eCard or UMID card.
The loan comes with a 6 percent interest rate, no service fee and payment period of three years. It includes a redemption insurance, which ensures that the balance will be deemed fully paid in the event of the borrower’s death, as long as payments are up-to-date.

For more information, visit the GSIS website (www.gsis.gov.ph), or the official Facebook page (@gsis.ph), or email gsiscares@gsis.gov.ph, or call the hotline at 8847-4747 (Metro Manila), 1-800-8-847-4747 (for Globe and TM users), or 1-800-10-847-4747 (for Smart, Sun, and Talk ’N Text subscribers).