The Government Service Insurance System (GSIS) a state pension fund President and General Manager Rolando Ledesma Macasaet announced that its pensioners and members can now apply and avail online the GSIS COVID-19 Emergency Loan.
Pensioners and Members may take out a loan amounting to Php 20,000 payable within (3) Three Years at 6% per annum. The loan is covered by insurance and is fully paid in case of the borrower’s demise.
All GSIS members of good standing may avail the COVID-19 emergency loan, except members who are on leave without pay, with arrears in paying the mandatory life insurance contributions or have unpaid loans for more than six months.
Borrowers should also have a minimum take-home pay of Php 5,000 after the deduction of monthly contributions and loan amortization from their salary. Old-age and disability pensioners may also apply for the loan, provided their net monthly pension after paying the loan’s monthly amortization is at least 25% of their basic monthly pension.
To apply for the GSIS COVID-19 Emergency Loan, simply complete the requirements and send them to GSIS’ email addresses based on the member’s place of work or the pensioner’s residence.
Here are the requirements for submission to apply for the GSIS Emergency Loan:
- Filled out Emergency Loan Application Form – download here
- Scanned copy of borrower’s GSIS UMID Unified Multi-Purpose Identification card.
- Photo of the borrower holding the filled-out form
- If neither the UMID card is available, the borrow may instead submit two valid IDs.
Loan applicants may then submit the completed form and requirements to the following email addresses:
- NCR, Quezon, and Cavite:[email protected]
- North Luzon: [email protected]
- South Luzon: [email protected]
- Visasyas: [email protected]
- Mindanao: [email protected]
Active members and pensioners with UMID cards may apply through GSIS Wireless Automated Processing Systems (GWAPS).
The GWAPS can be found in GSIS branches, extension offices, provincial capitols, city halls, selected municipal offices, large government agencies, and several Robinsons and SM Malls.