MANILA, Philippines — The Government Service Insurance System (GSIS) has reopened its COVID-19 emergency loan program to its members and pensioners. Under the loan program, qualified borrowers with existing emergency loan can borrow up to P40,000 to pay off their previous loan balance and still receive a maximum net amount of P20,000. However, those who have already availed of the COVID-19 emergency loan are no longer qualified to apply. The agency said that those who have due and demandable (have arrears of over six months) loan accounts are now allowed to renew their previous emergency loan from a different calamity (excluding under the COVID-19 emergency loan program). They may submit their emergency loan application through the pension fund’s web-based facility, the Electronic GSIS Member Online (eGSISMO).

Source: Philippine Daily Inquirer September 28, 2020 05:03 UTC