GSIS grants 20K calamity loan assistance nationwide

GSIS grants 20K calamity loan assistance nationwide

April 14- The Government Service Insurance System (GSIS) President and General Manager (PGM) Rolando Ledesma Macasaet on Tuesday. April 14, reported to the House of Representatives Defeat COVID-19 Committee (DCC) about the pension fund's additional #COVID19 amelioration programs for its members and pensioners.

Among the newest programs that the PGM has announced during the DCC meeting are the online emergency loan and the Bayanihan Fund for Frontliners (BFF).

According to Macasaet, GSIS is now offering an Emergency Loan or Calamity Loan to all qualified members nationwide in response to the threat brought by coronavirus disease (COVID-19).

To qualify for the online emergency loan, the member-applicant must be in active service and not on leave of absence without pay; has no arrears in the payment of mandatory social insurance contributions; and has no loan that has been declared in default.

Members with a GSIS eCard / UMID card may apply for an Emergency Loan through the GSIS Wireless Automated Processing System (GWAPS) kiosk or online through their website at www.gsis.gov.ph. In the website, members will be provided with step by step procedure for easy access

Each qualified member can avail an Emergeny Loan or Calamity Loan amounting to Php 20,000 payable in thirty six (35) months, with a six (6) percent interest per year.