GSIS Ready to Offer Emergency Loans to ‘Maymay,’ Habagat Victims — Here’s How to Apply

MANILA, Philippines — The Government Service Insurance System (GSIS) has announced that it is ready to activate its emergency loan facility for active members and pensioners impacted by Tropical Storm ‘Maymay’ and the enhanced southwest monsoon (Habagat), pending official state of calamity declarations in affected areas.

The financial relief package aims to provide immediate support to government workers and retirees as they recover from the recent severe weather conditions.

Borrowing Limits and Terms

Under the emergency loan program, borrowing caps are structured based on existing loan balances:

• New Borrowers: Active members and pensioners without an existing emergency loan can borrow up to ₱20,000.

• Existing Borrowers: Those with outstanding emergency loan balances may apply for up to ₱40,000. A portion of the new loan will automatically settle the remaining balance from the previous loan, with the net balance disbursed directly to the borrower.

All emergency loans carry a 6% annual interest rate and are payable in monthly installments over a period of three years.

Eligibility Requirements

To qualify for the emergency loan, applicants must meet specific criteria depending on their status:

For Active Members:

• Must reside or work in an officially declared calamity area.

• Must be in active service and not currently on leave without pay.

• Must have no pending administrative or criminal cases.

• Must have paid required monthly premiums within the six months prior to application.

• Must maintain a minimum net take-home pay of ₱5,000 after all monthly loan deductions are applied.

For Pensioners:

• Old-age and disability pensioners are eligible to apply provided that their net monthly pension after loan deductions remains at at least 25% of their basic monthly pension.

How to Apply

GSIS has streamlined the application process through its digital platform to ensure safe and convenient processing:

1.Download and Access:Available on Google Play Store and Apple App Store.

Download, open, and log in to the GSIS Touch mobile app using your registered account credentials.

2.Verify Calamity Status:

Check the app dashboard to confirm that the emergency loan facility has been activated for your specific declared calamity area.

3.Fill Application:

Select the emergency loan option under the services menu and fill out the required application details.

4.Review and Submit:

Carefully review your loan computation and terms, then submit your application directly through the app.

Note: GSIS emphasized that the application window will officially open for each specific location only after the local government unit or authority formally declares a state of calamity.