Guide on GSIS COVID-19 Emergency Loan Offer Amid Pandemic
GSIS COVID-19 EMERGENCY LOAN – The Government Service Insurance System has once again opened the COVID-19 Emergency Loan (EML).
Several Filipino families were greatly affected by the COVID-19 pandemic. It has caused businesses to close and employees to lose their jobs. There are households whose monthly budget can no longer cope with the expenses after some members lost their jobs.
Meanwhile, for the members of the Government Service Insurance System or GSIS, you have something to turn to. The social insurance institution has reopened its COVID-19 Emergency Loan offer.
GSIS opened the said offer at the height of the pandemic in 2020. However, the crisis continued and it has been more than a year now since the first rounds of lockdowns took place.
The GSIS COVID-19 Emergency Loan is open for application until June 21, 2021. However, those who have availed the same loan offer in 2020 will not qualify for it. The move is to give other members and pensioners the chance to avail the said offer amid the crisis.
Who are qualified to apply for the GSIS COVID-19 Emergency Loan offer? To be eligible for it, the applicant must be:
- an active GSIS member who has not availed the same loan in 2020
- an old age GSIS pensioner who has not availed the same loan last year
- a disability pensioner who has not availed the same loan in 2020
- an active GSIS member, old age pensioner, or disability pensioner who availed an Emergency Loan under a different contingency
The social insurance institution has cited the loanable amounts under the said loan offer. To check on how much you may borrow, feel free to visit – GSIS COVID-19 LOAN: Minimum & Maximum Loanable Amounts Under It.
There are several ways in applying for this GSIS loan offer. For a guide, you may visit – GSIS EML LOAN – How To Apply For this COVID-19 Emergency Loan Offer.
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