GSIS Emergency Loan – Who Are Eligible To Apply for COVID-19 Emergency Loan

Guide on GSIS Emergency Loan Eligibility Requirements or Qualifications

GSIS EMERGENCY LOAN – Here is a guide on who are eligible to apply for the Government Service Insurance System‘s COVID-19 Emergency Loan.

The COVID-19 pandemic has affected almost everything and everyone. Over 200 countries and territories across the globe recorded cases of the said disease. One of these nations is the Philippines.

Currently, community quarantine measures are still up in the Philippines to curb the spread of COVID-19. However, on another side, many businesses were not able to withstand the effects of the crisis.

A lot of businesses only got expenses for several months with no income at all. Due to it, some employers have no choice but to close their companies. A lot of employees lost their jobs.

GSIS Emergency Loan

Aside from some people losing their jobs amid the COVID-19 crisis, there are also those who were able to keep it but still struggling to make ends meet. Possibly, some sources of income are down amid the crisis.

The good thing for the members of the Government Service Insurance System is that they have something to turn to – the GSIS Emergency Loan. Qualified members may apply for it amid the COVID-19 pandemic to cope with the demands of the situation now.

The government agency has set eligibility requirements in applying for the GSIS Emergency Loan. To qualify, the member-borrower must be:

  • in active service and not on leave of absence without pay
  • having no pending case
  • having a net take-home pay of not lower than Php 5,000.00 after all required monthly obligations have been deducted

Do you want to know how much you can borrow under this GSIS offer? You may visit – GSIS COVID-19 Emergency Loan – How Much Member May Borrow Under It.

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.

READ ALSO: GSIS New Loan “Multipurpose Loan” Replaces Enhanced Conso-Loan Plus

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