MANILA, Philippines — The Government Service Insurance System (GSIS) has allotted P2.47 billion to provide emergency loans for its members and pensioners affected by recent typhoons.
The GSIS said those affected by Typhoon Josie in Bataan and Occidental Mindoro; Inday, Josie and Karding in Bulacan, and Inday, Josie and monsoon rains in parts of Tarlac and Nueva Ecija as well as flooding in Sultan Mastura in Maguindanao could avail themselves of emergency loans.
The deadline for loan application of calamity victims in Bataan is on Sept. 6; Tarlac, Sept. 8; Occidental Mindoro, Sept. 9; Sultan Mastura, Sept. 13, and Nueva Ecija, Sept. 16.
Typhoon victims in Calumpit, Marilao and Paombong can apply until Sept. 16 while those in other parts of Bulacan, on Sept. 23.
The GSIS said more than 58,000 of its members in calamity areas have no existing emergency loans and could apply for up to P20,000.
Those who have yet to fully pay their existing emergency loans may secure loans of up to P40,000, from which the outstanding balance will be deducted.
The GSIS said a total of 13,515 old-age pensioners in calamity areas could avail themselves of a P20,000-loan.
Emergency loans are payable in 36 months at six percent interest per annum.