GSIS opens Emergency Loans for typhoon Kristine-hit areas

Urges members, pensioners to use GSIS Touch in applying for the loan

The Government Service Insurance System (GSIS) announces financial assistance to members and pensioners affected by Typhoon Kristine through its Emergency Loan Program. The program is already open in Albay and Naga City and is ready to be activated in areas officially declared under a state-of calamity.

GSIS is monitoring other areas in the Bicol Region, CALABARZON, MIMAROPA, Central Visayas, Negros Island Region, Eastern Visayas, and Mindanao for state-of-calamity declarations. Once an area is declared under a state of calamity, GSIS will immediately make the loan available to qualified members and pensioners.

GSIS President and General Manager Wick Veloso urges GSIS members and pensioners to use the GSIS Touch in applying for loans for safe and quick transactions.

He said that the GSIS Touch offers a secure, seamless, fast and more efficient way to apply for loans, keep track of premium remittances, loan and insurance payments, access membership and pension records, and enables them to manage their accounts through their mobile phones.

Members without an existing emergency loan can borrow up to ₱20,000, while those with existing balances can apply for up to ₱40,000. The loan has an interest rate of 6% per annum and is payable in three years.

To qualify for the emergency loan, members must be actively employed, not on leave without pay, no pending administrative or legal cases, with payment of at least six months premiums and with a net take-home pay of at least ₱5,000. Pensioners must have a remaining net pension of at least 25% of their pension after loan amortization to qualify.

If any member or pensioner requires assistance in using the GSIS Touch mobile app, its dedicated customer service is available 24/7 to help. Members may call the GSIS Contact Center at 8847-4747 (Metro Manila) or 1-800-8-847-4747 (Globe and TM subscribers) or 1-800-10-847-4747 (Smart, Sun, and TNT subscribers).

For more information about the emergency loan program and other GSIS’ product offerings, members may visit the GSIS website at www.gsis.gov.ph, follow the GSIS Facebook page (@GSIS.PH); or send email to [email protected] or the email addresses of branch offices indicated in the website.