GSIS offers calamity loan to Yolanda victims

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Sunday, December 8, 2013

GOVERNMENT Service Insurance System (GSIS) offered calamity loan to members and pensioners residing or working in Guihulngan City and Valllehermoso town, said GSIS Dumaguete branch manager Mercedes Enriquez.

Lawyer Enriquez told Sun.Star that members and pensioners can apply for the P20,000 emergency loan in GSIS branch offices and through the GWAPS kiosks until December 31.

He said the state pension fund bared its assistance package for members and pensioners adversely affected by typhoon Yolanda in the areas.
Both Guihulgan and Vallehermoso were affected by typhoon Yolanda on November 8.

A resolution passed declaring their localities under a state of calamity, and qualified for an emergency loan, said Enriquez.

He also added that the local GSIS said members who apply for renewal of emergency loan can avail of P40,000, but subject to deductions of the previous loan.

“For the first time applicants and the newly hired can avail of P20,000 provided the members have temporary eCard plus, he explained adding, “For old-age pensioners living in calamity-declared areas, GSIS is opening a new pension emergency loan (PEL) window of P20,000 but subject to deduction of previous pension loan.”

Enriquez said since Negros Oriental is not being classified as one of the hardest hit area, is not included in loan moratorium.

The pension fund is granting a six-month loan moratorium on outstanding loans to enable its hardest-hit members to use the deferred payments on their GSIS loans for rebuilding their homes and other urgent needs.

Loans covered under the moratorium include consolidated loans, housing loans, policy loans, and eCash Advances. The loan moratorium will be extended from November 2013 to April 2014. The payment for existing loans of members will thus resume in May next year.

Pensioners in hardest-hit areas will benefit from a six-month moratorium on their existing loans.

Local news

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