GSIS earmarks P158-M in emergency loan for 4 calamity-hit areas
GSIS earmarks P158-M in emergency loan for 4 calamity-hit areas
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NewsTranscript
00:00The Government Service Insurance System, or GSIS, allots nearly Php 158 million in emergency
00:06loan for active members and pensioners in four calamity-hit areas.
00:11Pikit and Kabakan in Cotabato in Mindanao, Cabasalan, Zamboanga, Cebugay, and Fami in
00:18Laguna were hit by typhoons.
00:21Members and pensioners with existing balances can borrow up to Php 40,000 and receive a
00:27maximum yet amount of Php 20,000.
00:30Those who don't have existing emergency loans may apply for Php 20,000.
00:35The loans have an interest rate of 6% per annum and the three-year period of payment.
00:42The deadline for applications for Mindanao area is on October 15, while in Fami, Laguna
00:48is on December 15.
00:50Eligible members can apply through GSIS Touch mobile applications.