GSIS allots ₱1.69B in emergency loans for members, pensioners in Albay, Camarines Norte, Naga
GSIS allots ₱1.69B in emergency loans for 68,506 members and pensioners in Albay, Camarines Norte, and Naga. See deadlines, loan limits, and requirements.
NEWS
10/21/20261 min read
The Government Service Insurance System (GSIS) has set aside ₱1.69 billion in emergency loans for 68,506 active members and pensioners in Albay, Camarines Norte, and Naga, all of which are under a state of calamity.
Albay and Naga declared the state of calamity after a rise in dengue cases and related deaths. Camarines Norte did so because of the effects of El Niño.
Qualified members and pensioners can apply through the GSIS Touch mobile app.
Deadlines for Albay, Camarines Norte, Naga, and other areas
Albay: Oct. 24
Camarines Norte: Oct. 27
Naga: Oct. 28
Cavite: Nov. 12
Rodriguez, Rizal: Nov. 16
GSIS continues to offer emergency loans in other calamity-hit areas, including Cavite and Rodriguez.
Loan limits, interest, and payment terms
Members with an existing emergency loan balance can borrow up to ₱40,000. The outstanding balance on the earlier loan is deducted, and the maximum net amount received is ₱20,000. Members without an existing emergency loan can apply for up to ₱20,000.
The loan carries a 6% interest rate and is payable over three years. Monthly amortization is ₱655.56 for a ₱20,000 loan and ₱1,311.11 for a ₱40,000 loan.
The loan also includes redemption insurance. If the borrower dies, the outstanding balance is considered fully paid, provided payments are up to date.
Who qualifies for the GSIS emergency loan
Active members must:
Live or work in a calamity area
Not be on leave without pay
Have no pending administrative or criminal case
Have paid the required three months of premium contributions within the prescribed six-month period
Have no loan unpaid for more than six months
Have a net take-home pay of at least ₱5,000 after all mandatory monthly deductions
Old-age and disability pensioners living in the affected areas can also apply, provided their net monthly pension after the loan is at least 25% of their basic monthly pension.
More information is available on the official GSIS website and social media channels. Members can also reach GSIS through:
Email: gsiscares@gsis.gov.ph
Metro Manila: (02) 8847-4747
Globe and TM: 1-800-8-847-4747
Smart, Sun, and Talk ‘N Text: 1-800-10-847-4747
