Guide on GSIS Emergency Loan Monthly Payment for Php 20,000.00-Loan
GSIS EMERGENCY LOAN – Here is a guide on how much you must pay monthly for a Php 20,000.00 loan to the Government Service Insurance System (GSIS).
Members of the GSIS can turn to the social insurance institution for a lot factors. Are you a member who is in need of cash? Was your area struck by a calamity? Does your pensioner parent need extra money for something?
GSIS has a lot to offer. Monthly, its members remit a part of their salary as savings to the government agency. Certain offers like loans and benefits got eligibility requirements.
In times of calamity, you can turn to the Government Service Insurance System for financial assistance. It offers the GSIS Emergency Loan for members residing or working in areas declared under a state of calamity.
Undeniably, the extent of the effect of calamities cannot be predicted. Some may be hardly felt at all while others leave houses and sources of living damaged.
Who are eligible to apply for this loan offer? To be eligible, the member-applicant must be:
- living or working in area declared under state of calamity
- in active service and not on a leave of absence
- having no arrears in the payment of mandatory social contributions
- having no default loan
With regards to the loanable amount under the GSIS Emergency Loan, those who have no outstanding loan may borrow up to Php 20,000.00. How much you will have to pay for monthly?
According to GSIS, you can pay for your GSIS Emergency Loan for up to three (3) years or thirty-six (36) monthly contributions. The monthly payment will be at Php 655.56.
For the application form, you may visit – GSIS Calamity Loan Application Form.
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Sorry, my monthly deduction for 3 years is 655.56. Thank you