GSIS offers emergency loans to Kanlaon eruption victims

Following the eruption of Mount Kanlaon on June 3, the Government Service Insurance System (GSIS) has announced its readiness to provide emergency loans to affected members and pensioners.

Eligible GSIS members and pensioners can apply for loans up to ₱40,000 if they have existing loans, allowing them to offset their current balance and still receive a net amount of ₱20,000. Those without existing emergency loans can borrow up to ₱20,000.

“GSIS is committed to supporting our members during this difficult time,” said GSIS President and General Manager Rolando Ledesma Macasaet.

“We urge those affected to take advantage of this opportunity to help rebuild and recover from the disaster.”

To qualify, active members must meet several criteria: they must reside in the declared calamity area, be currently employed (not on unpaid leave), have no pending legal cases, have paid at least six months’ worth of premiums, and maintain a minimum net take-home pay of ₱5,000 as stipulated by the General Appropriations Act.

Additionally, old-age and disability pensioners in the affected areas can apply if their net monthly pension remains at least 25% after the loan deduction.

The emergency loan features a low interest rate of 6% and a three-year repayment term, providing a feasible financial relief option for those impacted by the eruption. Applications can be conveniently submitted through the GSIS Touch mobile app, available on both the Google Play Store and Apple App Store.

For more information, individuals can visit the GSIS website, reach out via their Facebook page, email gsiscares@gsis.gov.ph, or contact the GSIS Contact Center at 8847-4747 (Metro Manila) or toll-free numbers for various network subscribers.