Government Service Insurance System (GSIS) is arranging two new loan packages for its valued members to help them handle the changes that the COVID-19 crisis brought.
GSIS president and general manager Rolando Macasaet said the pension fund is initiating on a computer loan for public school teachers and educational loans which can be granted to government workers-members relatives.
“I will prepare a computer loan program for all the teachers nationwide para ang mga guro natin magkaroon ng magandang computer para ho dito sa mga online [education] na ginagawa ni Secretary [Leonor] Briones tsaka ang utos ni Presidente na hopefully makapag online [classes] tayo,” Macasaet said.
The GSIS chief said that the allowable amount for computer loan for teachers is P20, 000.
“This will be payable over two years siguro, with minimal interest rate para matulungan ang ating mga teachers,” Macasaet said.
Macasaet also added that they will simplify the requirements to make no hassle in availing the said loan.
“Sabi ko i-simplify… basta may resibo na binili ng teacher [ang computer] bayaran na agad ang refund,” he said.
On the other hand, Macasaet said that many parents losses their jobs and source of income that would lead to transfer their children from private schools to public schools.
GSIS plan to provide 10-year educational loan that can be availed by members’ relatives “up to fourth degree of affinity or consanguinity”.
“Ibig sabihin puwede pamangkin,” Macasaet said.
“Babayarin ng GSIS ang tuition mo o ng pamangkin mo for the next four years… wala kang babayaran sa GSIS. Magsisimula ka magbayad on the sixth year,” he added.
“Ibig sabihin four years of college, tapos one year hahanap ng trabaho ang anak mo o pamangkin mo, and then after that you will start paying GSIS.”