Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
The Government Service Insurance System on Thursday said it has allocated P18.5 billion of funds which can be tapped for emergency loans to assist over 800,000 members and pensioners affected by Super Typhoon Carina and the Southwest Monsoon in Batangas, Rizal, and the National Capital Region .In a statement, the GSIS said the emergency loan can be availed by 864,089 members and pensioners in regions which were declared under a state of calamity due to the weather disturbance.
The loan features a low interest rate of 6% per annum and a repayment period of three years.To qualify for the emergency loan, the GSIS said active members must not be on unpaid leave, have no pending administrative or legal cases, and have made at least six monthly premium payments before applying.The pension fund said that borrowers’ net take-home pay should not be less than P5,000 as stipulated by the General Appropriations Act.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GSIS allocates P18.5-b in emergency loans for ‘Carina,’ Habagat victimsDefining the News
Read more »
IBP stands firm: Asserting Philippine sovereignty in the West Philippine SeaThe Integrated Bar of the Philippines (IBP), the official organization of Philippine lawyers, is one with the Filipino people and the Philippine government in asserting our country’s sovereign rights in the West Philippine Sea.
Read more »
Nearly 9,000 cancer patients received free chemo in Makati since 2020Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Lea Salonga and Dolly De Leon to star in ‘Request sa Radyo’ stage playLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Ombudsman junks Alice Guo's bid vs suspension orderLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Sam Milby reveals he has Type 2 DiabetesLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »