Details about the GSIS Emergency Loan 2025 Offer & Application
GSIS EMERGENCY LOAN 2025 – You can check here a guide on the amount of the monthly amortization under the offer.
With the Philippines’ location being in the Pacific Ring of Fire, the country is hit by several natural calamities every year. In fact, recently, several strong earthquakes have jolted the nation. In times of natural disasters, it is a big help if you have financial options that you your can turn to just like calamity loans.
In the country, one of the calamity loan provider is the Government Service Insurance System. More popularly called GSIS, it has several benefit and loan offers for its members. It has a multi-million member populace as government employees are mandated to maintain an account with the social insurance giant.
Aside from the GSIS Pension Loan offer that are exclusive for the pensioners of the social insurance giant, there is also the GSIS Emergency Loan offer that is open for all members of the state entity who qualify to the criteria it has set. It is open for GSIS members residing in calamity-hit areas.
The member-borrower must be in active service and not on leave of absence without
pay. Furthermore, he/she must have no arrears in the payment of mandatory social
insurance contribution and no in-default loan or loans that were not paid for over six (6) months.
There are two (2) loanable amounts under the GSIS Emergency Loan offer — Php 20,000.00 and Php 40,000.00. The former is for member-borrowers who have no existing calamity loans with the social insurance giant while the latter is for those who have an existing calamity loan with the GSIS.
If you applied for another calamity loan while paying for an existing calamity loan, the outstanding balance of your previous loan will be deducted from the proceeds of the renewed calamity loan.
How much is the monthly amortization under the GSIS Emergency Loan offer?
According to the Government Service Insurance System, for a loan of Php 20,000, the monthly amortization is at Php 655.56. With regards to a loan amounting to Php 40,000, the monthly due is at Php 1,311.11. The loan is payable for 36 monthly installments or three (3) years.
In case the GSIS member-borrower dies during the repayment of the loan, the balance of the loan will be considered fully-paid by virtue of the loan redemption insurance. However, such policy only applies on up-to-date loan accounts.
Are you interested to apply for the offer? There are GSIS Enhanced Emergency Loan requirements for application that you should prepare.