April 16 - GSIS grants 20K calamity loan assistance nationwide
UPDATED 04 APRIL 2016
To apply for the loan online, the borrower only needs to email the following to GSIS: duly-accomplished Emergency Loan application form which is downloadable from the GSIS website (https://www.gsis.gov.ph/downloadable-forms); picture or scanned copy of the borrower’s GSIS electronic card (eCard) or Unified Multi-Purpose Identification (UMID) card; and, photo of the borrower holding the filled-out application form. If the ecard or UMID card is not available, the borrower may submit two valid IDs.
The application form and requirements must be sent to the designated email address according to the members’ place of work or pensioners’ residence: gsiscares@gsis.gov.ph (for borrowers in NCR including Quezon City and Cavite); gsisnorthluzon@gsis.gov.ph (North Luzon); gsissouthluzon@gsis.gov.ph (SouthLuzon); gsisvisayas@gsis.gov.ph (Visayas) or gsismindanao@gsis.gov.ph (Mindanao).
Active members and pensioners with UMID cards may also 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; and several Robinsons and SM Malls.
Active members and pensioners with UMID cards may also 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; and several Robinsons and SM Malls.
The loan proceeds are electronically credited to the borrowers’ eCard or UMID card.
“This is the first time that GSIS is offering emergency loan on a national scale. Previously, emergency loan is offered by GSIS to declared calamity areas which are usually confined to a particular province or region. The last time GSIS offered a region-wide emergency loan was in 2013 when typhoon Yolanda struck almost all provinces in the Visayas. In the aftermath of Typhoon Yolanda, GSIS disbursed a total of ₱5.2 billion in loans to members and pensioners in 2013,” Macasaet recalled.
All GSIS members of good standing are qualified to avail of the COVID-19 Emergency Loan, except those who are on leave without pay; incurred arrears in paying the mandatory life insurance contributions; or have unpaid loans for more than six months. To ensure that borrowers would still have adequate take home pay after availing of the loan, borrowers should have a minimum take-home pay of Php5,000 following the deduction of monthly premium contributions and loan amortizations from their salary.
Old-age and disability pensioners may likewise apply for the loan if the resulting net monthly pension after loan availment is at least 25% of their basic monthly pension. This is to ensure that there is still considerable amount left for the pensioners’ usual monthly expenses.
Active members and pensioners with UMID cards may also 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; and several Robinsons and SM Malls.
The loan proceeds are electronically credited to the borrowers’ eCard or UMID card.
“This is the first time that GSIS is offering emergency loan on a national scale. Previously, emergency loan is offered by GSIS to declared calamity areas which are usually confined to a particular province or region. The last time GSIS offered a region-wide emergency loan was in 2013 when typhoon Yolanda struck almost all provinces in the Visayas. In the aftermath of Typhoon Yolanda, GSIS disbursed a total of ₱5.2 billion in loans to members and pensioners in 2013,” Macasaet recalled.
All GSIS members of good standing are qualified to avail of the COVID-19 Emergency Loan, except those who are on leave without pay; incurred arrears in paying the mandatory life insurance contributions; or have unpaid loans for more than six months. To ensure that borrowers would still have adequate take home pay after availing of the loan, borrowers should have a minimum take-home pay of Php5,000 following the deduction of monthly premium contributions and loan amortizations from their salary.
Old-age and disability pensioners may likewise apply for the loan if the resulting net monthly pension after loan availment is at least 25% of their basic monthly pension. This is to ensure that there is still considerable amount left for the pensioners’ usual monthly expenses.
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 for the first time in response to the threat brought by coronavirus disease (COVID-19).
To qualify for the 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 member can avail Php 20,000 calamity loan payable in thirty six (36) months, with a six (6) percent interest per year, with a monthly amortization of Php 655.
If renewed, the balance of the outstanding loan will be deducted from the proceeds of the new loan.
The loan proceeds will be credited to the borrowers GSIS UMID account within three (3) to four (4) working days and can be withdrawn from LandBank of the Philippines and UnionBank.
Members and pensioners who have inquiries on the loan program may visit the GSIS website, www.gsis.gov.ph; GSIS Facebook account, @gsis.ph; send email to gsiscares@gsis.gov.ph; or call the GSIS contact center at 8847.4747 if in Metro Manila or 1-800-8-847-4747 (for Globe and TM subscribers) and 1-800-10-847-4747 (for Smart, Sun, and Talk ‘N Text subscribers).
According to Macasaet, GSIS is now offering an Emergency Loan or Calamity Loan to all qualified members nationwide for the first time in response to the threat brought by coronavirus disease (COVID-19).
To qualify for the 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 member can avail Php 20,000 calamity loan payable in thirty six (36) months, with a six (6) percent interest per year, with a monthly amortization of Php 655.
If renewed, the balance of the outstanding loan will be deducted from the proceeds of the new loan.
The loan proceeds will be credited to the borrowers GSIS UMID account within three (3) to four (4) working days and can be withdrawn from LandBank of the Philippines and UnionBank.
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