GSIS launches emergency loans for typhoon victims

The Government Service Insurance System (GSIS) has opened loan applications from active members and old-age and disability pensioners nationwide due to typhoon “Tino” and the anticipation of typhoon “Uwan.”

“As our countrymen reel from the nationwide devastation of typhoon Tino and as we brace for more calamities due to La Niña, the rapid financial relief for our public sector workers and retirees becomes more critical,” GSIS president and general manager Wick Veloso said.

“To support fast recovery and rebuilding, GSIS is supporting President Marcos’ goal to widen and expedite access to our emergency loans for those most affected,” Veloso added.

Members must be in active service, not be on unpaid leave, have at least three months of paid premiums within the last six months, have no pending administrative or criminal cases, have no unpaid loans for more than six months, and have a take-home pay of at least P5,000 after deductions.

Old-age and disability pensioners may apply if at least 25 percent of their basic monthly pension remains after loan deduction.

New applicants may borrow P20,000, while those with existing loans may borrow up to P40,000, with their outstanding balance deducted, resulting in a maximum net amount of P20,000.

Members and pensioners are encouraged to apply via the GSIS Touch mobile app to facilitate faster processing and disbursement. The application period is until 7 February 2026.

The emergency loan will be repaid via salary or pension deductions in 36 equal monthly installments at an annual rate of 6 percent. It has a loan redemption insurance that pays the loan in full upon the borrower’s demise, provided loan payments are current.

On Thursday, President Ferdinand R. Marcos Jr. declared a state of national emergency due to the devastation caused by typhoon “Tino” in several regions and the impact of typhoon “Uwan.”

Typhoon “Uwan” entered the Philippine Area of Responsibility on Friday evening, 7 November.