Guide on GSIS Calamity Loan Offer for Members w/ Existing Loans
GSIS CALAMITY LOAN – Here is a guide on how much members with existing loans to GSIS may borrow under this loan offer.
A lot of people were greatly affected by the recent earthquake that hit Abra. Initially, the Philippine Institute of Volcanology and Seismology (Phivolcs) recorded the quake at 7.3 magnitude. After a short while, the magnitude was downgraded by the agency to 7.0.
However, the quake was strong enough that its shaking was even felt in several parts of Metro Manila. It caused the destruction of private and public properties and as well as the loss of lives. Many homes were destroyed by the quake.
According to the National Disaster Risk Reduction Management Committee (NDRRMC), five (5) people were found dead due to the quake. More than 160 individuals were injured. Several government agencies confirmed assistance for the quake victims.
The Government Service Insurance System is one of the government agencies that confirmed assistance for the victims of the earthquake in Abra. The employees of the government who are GSIS members may apply for GSIS Calamity Loan since the province has been declared under the State of Calamity.
Based on a report on ABS-CBN News, even the GSIS members who have existing loans may apply for the GSIS Calamity Loan offer. Those members who have existing loans with the government agency, as long as the loans are not in default, may borrow P40,000.
The said amount that GSIS members with existing loans may borrow is twice the amount that first-time borrowers may get – P20,000. Based on the report, the government agency wants to make sure that its members can still get a net of at least P20,000 despite the existing loan.
Aside from the GSIS loan offer for the quake victims, the Pag-IBIG Fund also has a loan offer. Feel free to visit – Pag-IBIG Calamity Loan: Here’s How Much Earthquake Victims May Borrow.