THE Government Service Insurance System (GSIS) is allocating more than P4.3 billion in emergency loan for members and pensioners affected by El Niño in 17 areas in the country.
In a statement, the pension fund said a total of 185,107 active members as well as old-age and disability pensioners in Negros Oriental and Kabangkalan City and Valladolid in Negros Occidental may apply until June 14, 2024; those in San Vicente, Palawan may apply until June 15, 2024; in Carcar City and Compostela in Cebu and Iloilo on June 19; in Brooke’s Point in Palawan, San Agustin in Romblon, Bangsamoro Autonomous Region (Basilan, Lanao del Sur, Maguindanao del Norte and Sur, Special Geographic Area), Quezon and Pangantucan in Bukidnon and Tboli in South Cotabato until June 21, 2024.
Members and pensioners with existing emergency loan balance may borrow up to P40,000 to clear the balance of their previous emergency loan and receive a maximum net amount of P20,000.
Meanwhile, those without existing emergency loan may apply for a P20,000 loan.
To qualify for the GSIS Emergency Loan, active members must be working or residing in the calamity-declared areas, not be on unpaid leave, have no pending legal cases, have paid premiums within the last six months and have a net take-home pay of not lower than P5,000 per the General Appropriations Act.
