Guide on GSIS Emergency Loan Interest Rate & Loan Term
GSIS EMERGENCY LOAN INTEREST – Here is a guide on the interest rate and loan term available under the emergency loan offer of the Government Service Insurance System (GSIS).
The Philippines is now on a crisis and a lot of households lost their monthly income. Undeniably, many breadwinners of their households are working under a no-work-no-pay scheme.
To curb the spread of the COVID-19 in PH, community quarantines are implemented. Several non-essential businesses temporarily closed in line with the pursuit to curb the spread of the disease.
However, the monthly expenses for all households continue despite the effect of COVID-19 crisis hampering almost everything. There are food expenses daily and as well as other bills which may be offered with a grace period but the person still has to pay it in time.
In line with the “Bayanihan To Heal As One” Act, several government agencies and private firms launched offers to the public. Their members can apply for a cash loan amid the pandemic.
The Government Service Insurance System is one (1) of those with an offer. Members of the said social insurance institution may apply for the GSIS Emergency Loan.
Do you want to know how much you can borrow under it and as well as the eligibility requirements? You may visit – GSIS Emergency Loan – How Much Members May Borrow Amid COVID-19 Crisis.
With regards to the GSIS Emergency Loan interest rate, it is at six (6) percent per annum. The borrower may pay for the loan for up to three (3) years.
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READ ALSO: APPLY GSIS EMERGENCY LOAN – How To Apply For This Loan Offer Online