Guide on GSIS Loan Moratorium Amid COVID-19 Pandemic
GSIS LOAN MORATORIUM – The Government Service Insurance System members who have loans with GSIS may defer the payment for up to 60 days.
The Philippines is one of the counties hit hard by the COVID-19 pandemic. In fact, community quarantine measures are still up in the country now to curb the spread of the coronavirus disease.
The people now must wear a face mask and practice social distancing when going outdoors as these are part of the protocols. In fact, several public establishments like the shopping malls require a face shield apart from a face mask upon entry.
Unfortunately, amid the COVID-19 crisis, a lot of people lost their jobs and their source of income. It is mainly because several businesses were not able to survive paying for the expenses for several weeks without anything in return.
To aid the country and the people in the fight against the COVID-19 pandemic, the Bayanihan 2 was passed. It includes loan moratorium.
The Government Service Insurance System is one of the companies that adhere to Bayanihan 2. The GSIS loan moratorium of the deferment of payment amid the pandemic is up to 60 days.
According to GSIS, said moratorium for members and pensioners covers the months of November and December 2020. Payments are set to resume on January 1, 2021.
The government agency stated that the 60-day GSIS loan moratorium is in compliance with the Republic Act No. 11494. You may download a copy of the memorandum releases by GSIS from its official website.
Thank you for visiting our website. We hope we have helped you with regard to this matter. You may keep coming back for more informative guides.
Until when is the top up loan available?