Guide on GSIS COVID-19 Loan – How Much You May Borrow
GSIS COVID-19 LOAN – Here is a guide on the minimum and maximum loanable amounts under this loan offer of the Government Service Insurance System (GSIS).
Amid the ongoing fight against the spread of COVID-19 in the Philippines, many Filipino families are financially struggling. Truths be told that several breadwinners of their families lost their jobs following the closure of many companies. Many businessmen also lost their source of income.
A spike in the cases of COVID-19 was also recently noted following several days of recording high cases of the disease daily. Everyone is encouraged to stay at home if not for very essential reasons or purposes.
As of this writing, the entire National Capital Region (NCR) and the provinces of Bulacan, Rizal, Cavite, and Laguna are under Enhanced Community Quarantine (ECQ).
Amid the health pandemic and financial crisis, the Government Service Insurance System which is a state-run insurance institution has an offer – the GSIS COVID-19 loan or also called as the COVID-19 Emergency Loan or EML.
Do you want to check on who are qualified to apply for this loan offer? To see the eligibility requirements set by the government institution, you may visit – GSIS COVID-19 Emergency Loan – Who Are Qualified To Apply For It.
With regards to the loanable amounts, the state-run insurer has set a fix amount under the GSIS COVID-19 loan. It will depend on whether it is the borrower’s first time or second time to avail the said loan offer.
- First Availment – Php 20,000.00
- Second Availment – Php 40,000.00
For the safety of everyone, online loan applications are encouraged. You may visit – GSIS Loan Online Application – How To Apply Online & Requirements.
Thank you for visiting our website. We hope we have helped you with regards to this GSIS loan offer. You may keep coming back for more informative guides.