GSIS Grants P14 Million Emergency Loans For Flood Victims In Maguindanao
Government Service Insurance System (GSIS) has earmarked
around P14 million in emergency loans for some 300 active members and old-age
pensioners in Datu Piang, Maguindanao who were affected by flash floods that
hit the municipality in November.
The deadline for loan application is December 27, the
government firm said.
Emergency loan is payable in 36 equal monthly installments at
six percent interest rate per annum computed in advance. It is covered by a
loan redemption insurance, which deems the loan fully paid in case of demise of
the borrower, provided loan repayment is up to date.
Furthermore, active members working or residing in the area
are qualified to apply for the loan if they are not on leave of absence without
pay, have no arrears in paying premium contributions, and have no unpaid loans
for more than six months.
They may apply for a P20,000 loan. If with existing emergency loan, they may
avail of up to P40,000, from which their outstanding balance will be deducted.
Old-age pensioners in the area must apply in person to avail
of the P20,000 emergency loan.
Active members may apply through the GSIS Wireless Automated
Processing System (GWAPS) kiosks 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, and SM Aura in
Taguig.
In addition, pensioners who are also active members (after
having re-entered government service) may apply for the loan only once.
Loan proceeds are electronically credited to the borrower’s
GSIS eCard or unified multipurpose identification (UMID) card.
Members with inquiries on the loan may visit the GSIS
website, www.gsis.gov.ph; call the GSIS Contact Center at 847-4747; or email gsiscares@gsis.gov.ph.
GSIS Grants P14 Million Emergency Loans For Flood Victims In Maguindanao
Reviewed by Yen
on
December 15, 2016
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