Here’s Guide on GSIS Enhanced Emergency Loan 2025 Details & Application
GSIS ENHANCED EMERGENCY LOAN 2025 – You can check here its features and how to apply for the Government Service Insurance System offer.
In times of natural calamities, there is an edge for the Filipinos who managed a good account with either of the two (2) social insurance giants in the country — the Government Service Insurance System (GSIS) and the Social Security System (SSS). Both of them have calamity loan offers for their members.
Millions of Filipinos are members of the GSIS as government employees are mandated to maintain an active account to the social insurance giant. In times of calamities, if you are a GSIS member, you may turn to the GSIS Enhanced Emergency Loan.
The Government Service Insurance System does not only offer a wide variety of GSIS benefits for members but as well as loans which include the GSIS Enhanced Emergency Loan. It is part of the social insurance giant’s mission to assist its members in times of natural calamities which includes typhoons that cause flooding, earthquakes, tsunami, etc.
Truth be told that with the Philippines being in the Pacific Ring of Fire, the country is prone to natural disasters. Thus, an access to a calamity loan that you can turn to when the inevitable happens is really an edge.
Under the Enhanced Emergency Loan Program, even the members who have an existing calamity loan with the social insurance giant may apply for the offer. The loanable amount under the offer is Php 20,000. For members with existing calamity loans, the maximum loanable amount is Php 40,000 since the balance of the existing loan will be deducted from the current loan.
The GSIS Enhanced Emergency Loan is open for members who are living in calamity-declared areas, are in active service and not on leave of absence without pay, and have no arrears in the payment of mandatory social insurance contributions. It is also required that the member-borrower should have no in-default loan.
According to the social insurance giant, the interest rate under the loan offer is at 6%. It is computed in advance and the first monthly amortization is due on the 10th day of the third calendar month following the grant of the loan. The loan is payable for up to three (3) years or 36 monthly installments.
Do you want to know how much your monthly amortization will be under the GSIS Enhanced Emergency Loan offer?
Meanwhile, you may also choose to proceed in applying for the loan offer by checking on the requirements that you must prepare for the GSIS Enhanced Emergency Loan application.