Guide on the Eligibility for GSIS Emergency Loan This January 2020
GSIS EMERGENCY LOAN – Here is a guide on who are eligible to apply for the said loan offer of the Government Service Insurance System this January 2020.
One of the biggest government entities in the Philippines is the Government Service Insurance System or more commonly called as the GSIS. Most of the members of this social insurance institution are government employees.
If you are a member of the GSIS, you may be entitled to a lot of benefits and as well as assistance offers. Most members look forward to GSIS Pension or the retirement benefit.
Members of GSIS have to pay for the monthly contribution to be eligible for the offers. With regards to some benefits like the pension, the government body has set requirements on the number of the monthly contributions that a member must have posted to avail it.
While members are looking forward to the monthly pension, there are other benefits and privileges that may provide assistance along the way. One of them is the GSIS Emergency Loan.
The GSIS Emergency Loan is also known as the Calamity Loan offer of the government entity. It is open to members whose areas have been struck by a natural calamity calling for the need for financial assistance.
To be eligible to apply for it, the applicant must be:
- a resident or employee of a government office hit by the calamity
- in active service and not on leave of absence without pay
- having no arrearages in the monthly contribution payment
- having no loan that was declared as default
With regards to the people who may apply for the GSIS Emergency Loan, the government entity posts the list of areas covered by the offer on its official website. For this January 2020, the residents or workers in the following areas may apply for it:
Due to the Northeast Monsoon Rains (January 3 to February 2, 2020)
- City of Ilagan, Isabela
Due to Typhoon Quiel (January 3 to February 2, 2020)
- Province of Cagayan
Do you want to know how much can be borrowed under the said GSIS loan offer? You may visit – GSIS EMERGENCY LOAN – How Much You Can Borrow Under This Loan Offer.
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