Guide on GSIS Calamity Loan Application Process & Requirements
GSIS CALAMITY LOAN – Here is a guide on how to apply and the requirements in applying for this Government Service Insurance System loan.
In times of calamities, members of government institutions in the Philippines have entities to turn to. One of these is the Government Service Insurance System or more commonly called GSIS. Most of its members are active government employees.
How To Apply for GSIS Calamity Loan Offer
Step 1 – Check your eligibility to the loan offer. To qualify for GSIS Calamity Loan offer, the member-applicant must be:
- a bona fide resident or employee of the government office who lives or works within an area declared under a state of calamity by the Sangguniang Panlalawigan or Panlungsod and/or the National Disaster Reduction Risk Management Council
- having no loan declared in default
- in active
- not on a leave of absence without pay
- having no arrearanges in the mandatory social insurance contributions posting
Step 2 – Prepare the requirement. Prepare a duly-accomplished GSIS Emergency Loan Application Form. To download, you may visit – GSIS.
Step 3 – Apply. You can apply for an Emergency Loan through the GSIS Wireless Automated Processing System (GWAPS) kiosk.
According to GSIS, the loan is payable for up to three (3) years or 36 months. The interest rate is 6% per annum. In case of applying for loan renewal, the balance of the outstanding loan will be deducted from the proceeds of the new loan.
Aside from the Government Service Insurance System (GSIS), people residing in calamity-hit areas may also turn to Pag-IBIG Fund, another government agency. To check on the loan offer, you may visit – How to Apply SSS Calamity Loan Online via SSS Website.
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