MEMBERS and pensioners of the Government Service Insurance System (GSIS) affected by Typhoon Odette (Rai) can now avail themselves of emergency loans.

GSIS president and general manager Rolando Ledesma announced that the pension fund is now granting emergency loans in six regions in the country that were badly affected by the typhoon, the agency said in its news release on Jan. 14, 2022.

Members residing in Mimaropa, Western Visayas, Central Visayas, Eastern Visayas, Northern Mindanao and Caraga regions with existing emergency loans may borrow up to P40,000 to pay off their previous emergency loan balance, but they will still receive a maximum net amount of P20,000.

Those who do not have an existing emergency loan may apply for P20,000.

The loan is payable in 36 equal monthly installments at six percent interest.

According to GSIS, qualified to apply are members in active service and not on leave of absence without pay.

The member should also have no pending administrative or criminal case and have a net take-home pay not lower than P5,000.

Meanwhile, old-age and disability pensioners may apply for the loan if their resulting net monthly pension after loan availment is at least 25 percent of their basic monthly pension.

Members can submit their application through the agency’s web-based system, email, or drop boxes located in lobbies of GSIS offices.