GSIS Opens Emergency Loan to Members Affected by Zambo Siege

MANILA, Philippines, Sept. 30 -- The Republic of the Philippines issued the following news release:

To assist members who have been affected by the conflict between the government and the Moro National Liberation Front in Zamboanga, the Government Service Insurance System (GSIS) opened the emergency loan window to almost 15,000 GSIS members working or residing in the cities of Zamboanga and Lamitan.

According to GSIS President and General Manager Robert G. Vergara GSIS members in the two cities may apply for the loan from September 28 to October 27, 2013, in any GSIS branch office through its file anywhere policy or through the GSIS Wireless Automated Processing System (GWAPS) kiosk using their GSIS eCard or their unified multipurpose identification (UMID)-compliant eCard.

Eligible members may borrow up to P20,000, which is payable in 36 equal monthly installments, with a reduced interest rate of six per cent. Renewal of loan may be made upon payment of at least 12 monthly amortizations but not earlier than the anniversary date of the previous EL.

They can avail of the emergency loan if they are not on leave of absence without pay; have no pending criminal or administrative charges; have no arrears in the payment of mandatory monthly contributions; and have no loans that are declared in default.

Meanwhile, the GSIS is still accepting application for emergency loan from members recently affected by heavy rains in Maguindanao and Cotabato City (September 17 to October 16, 2013); and Tupi, South Cotabato (September 23 to October 22, 2013).

Other loan programs that GSIS members may avail of are the following: Educational Assistance Loan (EAL), which is open until December 27, 2013; Consolidated Loan; and policy loan.

For more information on the loan programs of the GSIS, members may visit the nearest GSIS branch office or call the GSIS hotline at (02)847-4747.

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