Guide on GSIS Emergency Loan 2024 Application Process
GSIS EMERGENCY LOAN 2024 – You can check the guide here on how to apply for the offer of the Government Service Insurance System.
One of the most beneficial privileges in having an active and updated account to the Government Service Insurance System, more popularly called GSIS, is having something to turn to during financially-challenging circumstances. One of these situations is when a natural disaster has hit your place.
In the case of the Government Service Insurance System members, they have the Emergency Loan that they can turn to. It was designed to provide the qualified members with the money that they can use in recovering from the impacts of the calamity.
It is a widely-known fact that a natural disaster can cause great devastation to a place leaving a lot of families not only homeless but taking their source of living as well. Worst, a natural calamity can bring several deaths which happened several times in the history of the Philippines.
With regards to the loanable amount under the GSIS Emergency Loan, it depends if the member-borrower has an existing Emergency Loan or none. All Emergency Loan accounts are subject to a 6% interest rate that is computed in advance.
How to apply for the GSIS Emergency Loan offer? The first step must be the checking of the eligibility criteria under the loan offer which are as follows:
- member resides or works in an area declared under a State of Calamity
- in active service
- not on a leave of absence without pay
- has no arrears in the payment of mandatory social insurance contributions
- has no in-default loan (unpaid for more than 6 months)
The next step is to prepare the GSIS Emergency Loan requirements for application. To apply, go to a branch of the GSIS with the GWAPS kiosks or you may also file your loan application over-the-counter in case the online facility is not working.