The chairman and managing director of STATE pension fund, Government Service Insurance System (GSIS), Rolando Ledesma Macasaet, announced that its members and retirees nationwide can now apply for the loan program online. GSIS Covid-19 emergency.
“Under the GSIS emergency loan program, our members and retirees can take out a loan of 20,000 pesos, which is payable over three years at only 6% interest per year. The loan is covered by insurance, which considers the loan to be fully repaid in the event of the borrower‘s death, ”Macasaet said.
Macasaet explained that to apply for the loan online, the borrower only needs to email the following to GSIS: Completed emergency loan application form which is downloadable from the GSIS website forms ); photo or scanned copy of the borrower’s GSIS electronic card (eCard) or unified multipurpose identification (UMID) card of the borrower; and a photo of the borrower holding the completed application form. If the ecard or UMID card is not available, the borrower can present two valid pieces of identification.
The application form and requirements should be sent to the designated email address depending on the member’s place of work or retiree’s residence: [email protected] (for borrowers in the NCR, including Quezon City and Cavite); [email protected] (North Luçon); [email protected] (South Luçon); [email protected] (Visayas) or [email protected] (Mindanao).
Active members and retirees holding UMID cards can also apply through the GSIS Wireless Automated Processing System (GWAPS) kiosks located at all GSIS branches and extension offices; provincial capitals; town halls; selected municipal offices; large government agencies such as the Ministry of Education; and several Robinsons and SM shopping centers.
The loan proceeds are credited electronically to the borrower’s electronic card or UMID card.