The Government Service Insurance System (GSIS) has allocated over P4.3 billion in emergency loans for its members and pensioners across 17 regions in the Philippines in response to the adverse effects of El Niño.
A total of 185,107 active members and old-age and disability pensioners in various regions, including Negros Oriental, Kabankalan City, and Valladolid in Negros Occidental, are eligible to apply for the loan until June 14, 2024.
Residents of San Vicente, Palawan, have until June 15, 2024, to apply. Applications will be accepted in Carcar City, Compostela in Cebu, and Iloilo until June 19, 2024.
Additional deadlines include June 21, 2024, for Brooke’s Point in Palawan, San Agustin in Romblon, the Bangsamoro Autonomous Region (covering Basilan, Lanao del Sur, Maguindanao del Norte and Sur, Special Geographic Area), Quezon, Pangantucan in Bukidnon, and Tboli in South Cotabato.
For those with an existing emergency loan balance, the GSIS allows borrowing up to P40,000, enabling borrowers to clear their previous loan balance and receive a maximum net amount of P20,000.
Members and pensioners without an existing emergency loan can apply for a loan of up to P20,000.
