GSIS COVID-19 Emergency Loan – How Much Member May Borrow Under It

Guide on GSIS COVID-19 Emergency Loan Loanable Amount

GSIS COVID-19 EMERGENCY LOAN – Here is a guide on how much you may borrow under the Emergency Loan offer of the Government Service Insurance System (GSIS).

A lot of people are needing help amid the COVID-19 crisis. Many individuals lost their jobs as a lot of companies failed to cope with the demands of the pandemic.

The entire Philippines is under community quarantine measures for several months now. A lot of businesses only incurred expenses for several months as even though they are allowed to operate, only a few people really get on with things that may not be essential as of the moment.

Many businesses were not able to withstand the challenges of the pandemic and had no choice but to close. It results to the lost of income on the part of the owners and the lost of job and salary for the employees.

To help its members, the Government Service Insurance System offers the GSIS COVID-19 Emergency Loan. It is open for both members and pensioners who are qualified for the offer.

The said loan offer was re-opened to help the members amid the COVID-19 pandemic and in line with the extension of the state of calamity in the Philippines. President Rodrigo Roa Duterte has signed the Presidential Proclamation No. 1021 which extends the state of calamity in the country due to the coronavirus pandemic.

How much you can borrow under the GSIS COVID-19 Emergency Loan? According to GSIS, qualified borrowers may borrow Php 20,000.00 from the government agency.

Do you want to apply for it? You may begin by downloading and preparing the form which is needed in the application. Obtain it from – www.gsis.gov.ph/downloadable-forms.

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