GSIS 20,000 Emergency Loan Is Now Available Online
GSIS is now offering 20,000 emergency loan to its members amid this Coronavirus Disease 2019(COVID-19) threat.
This will be the first time that GSIS will offer a nationwide implementation of emergency loan for their 2.2 million members.
Each member is allowed to borrow 20,000 which is payable for 3 years at only 6% annual interest.
“The amortization of this is roughly P655 a month, and they can avail of it now,” GSIS president and general manager Rolando Macasaet said.
There is no need for the members to apply physically; they will just apply for it online through the GSIS website.
“All they have to do is go to our website: gsis.gov.ph. They can download the applications and apply online,” Macasaet said.
“All the requirements and all the necessary documents can also be done online and within about three to four working days, the P20, 000 will be credited to their respective accounts with Land Bank of the Philippines or with the Unionbank,” he added.