GSIS earmarks P2.75 billion in emergency loans amid El Niño, disease outbreaks

MANILA — The Government Service Insurance System has earmarked P2.75 billion in emergency financial assistance for more than 100,000 government workers and pensioners affected by extreme weather, pest infestations, and disease outbreaks, the agency announced Tuesday.

GSIS said the emergency loan facility aims to provide immediate relief to 109,047 active members and pensioners across declared calamity areas, helping them rebuild homes, restore livelihoods, and cover medical costs.

The interventions follow compounding crises in multiple provinces, including a surge in mosquito-borne dengue fever cases, agricultural damage from a crop pest outbreak, and dry spell conditions linked to El Niño.

Under the program, first-time applicants can borrow up to P20,000, while members with existing emergency loans can access up to P40,000 to clear outstanding balances and receive up to P20,000 in net proceeds.

The three-year loans carry a 6 percent annual interest rate and include loan redemption insurance, which fully pays off the outstanding balance in the event of the borrower’s death.

GSIS said applications are being accepted through the agency’s mobile app, with funds credited directly to borrowers’ bank accounts. Filing deadlines are staggered between November 12 and November 28 depending on the affected region, covering key areas in Luzon, the Visayas, and Mindanao.

To qualify, active workers must maintain a net take-home pay of at least 5,000 pesos and have no administrative charges, while pensioners must retain at least 25 percent of their basic monthly pension after loan deductions.