GSIS earmarks P1.6-B emergency loan for members in 3 provinces


The Government Service Insurance System (GSIS) has earmarked Php 1.6 billion in emergency loan to members and pensioners in Oriental Mindoro, Albay and Sorsogon.

GSIS President and General Manager Robert G. Vergara said a total of 49,049 members and 9,315 pensioners will be eligible to avail of the emergency loan program in said areas until January 30, 2016.

“Active members working or residing in the declared calamity areas are eligible to borrow if they are not on leave of absence without pay, have no arrears in paying premium contributions, and have no loans in default (no  unpaid  amortization for more than six  months). Pensioners who are residing in the calamity areas are qualified to avail of the program,” Vergara said.

The GSIS emergency loan package consists of an increased credit limit of Php 40,000 for active members  who have outstanding balance in their existing emergency loan and Php20,000  for first-time borrowers and pensioners.

“There are 28,980  active members in Oriental Mindoro, Albay and Sorsogon who may avail of the P40,000 loan, while 20,069 active members and 9,315 pensioners are qualified to avail of the P20,000 loan,” the pension fund chief explained.

The loan is payable in three years or 36 equal monthly installments at 6% interest per annum computed in advance and is covered by a loan redemption insurance, which deems the loan fully paid in case of death of the borrower, provided that the loan repayment is up to date.

Active members may apply using their GSIS eCard or their unified multipurpose identification (UMID) card through the GSIS Wireless Automated Processing System (GWAPS) kiosks located in GSIS offices, provincial capitols, city halls, selected municipal offices, large government agencies such as the Department of Education,   27 Robinsons Malls and  SM Super Malls in Manila, Pampanga, and Cebu.

Pensioners need to personally apply in the GSIS offices in the calamity areas and fill out an application form.

Loan proceeds are electronically credited to the borrower’s GSIS eCard or unified multipurpose identification (UMID) card.

Active members  who have been affected by Typhoon Nona  but are not qualified to avail of the emergency loan may borrow from other GSIS loan windows such as the policy loan or the Enhanced Consoloan Plus where members may borrow a maximum amount equivalent to 14 times their monthly salary depending on their paid premiums remitted to the GSIS.

Pensioners, on the other hand,  may avail of the GSIS pension loan where they could take out a loan of up to six times their monthly pension, depending on their age.

For more information on the emergency loan program, members and pensioners may call the GSIS Contact Center at 847-47-47; visit its website at or email us at

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