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The Government Service Insurance System on Thursday said it has set aside more than P514 million for the emergency loan program for members and pensioners residing or working in storm-hit provinces in Luzon .In a statement, GSIS said the amount allocated would benefit 23,469 active members and old-age/disability pensioners in the provinces of Quirino, Apayao, and Aurora; and Santiago City and Cabagan town in Isabela province.
GSIS said the emergency loan has a 6% interest rate, a three-year payment term, and redemption insurance coverage, “which settles the loan balance in the event of the borrower’s death during the loan term, provided payments are up to date.
Emergency Loan State Of Calamity Luzon Typhoon-Hit Areas
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