GSIS earmarks P2-B loans for recent typhoon victims

State-run Government Service Insurance System (GSIS) has earmarked more than P2 billion for emergency loans to active members and old-age pensioners who are victims of tropical storms Henry, Inday and Josie as well as Typhoon Vinta.

The assistance could be availed in Rizal and Palawan until Aug. 25 as well as in Cavite and Marikina until Sept. 9.

A total of 39,450 active members in the calamity areas who have no existing emergency loan may apply for a P20,000 loan, while a total of 27,231 members who have not yet fully paid their emergency loan may apply for a P40,000 loan from which the outstanding balance would be deducted.

Qualified borrowers are active members who are working or residing in the said areas, are not on leave of absence without pay, have no arrears in paying monthly social insurance premium contributions, and have no unpaid loans for more than six months.

They should also have a minimum net take-home pay of P5,000 after monthly premium contributions and loan amortization have been deducted.

Active members may apply through the GSIS Wireless Automated Processing System (GWAPS) kiosk 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, SM Aura in Taguig and Mall of Asia in Pasay City.