The Government Service Insurance System (GSIS) said members and pensioners in Calapan City and five municipalities in Oriental Mindoro affected by the oil spill from MT Princess Empress may avail of emergency loan.
The Government Service Insurance System said members and pensioners in Calapan City and five municipalities in Oriental Mindoro affected by the oil spill fromThe GSIS said it has allocated P193.92 million in emergency loan for those affected.
"We have allocated PhP193.92 million in emergency loan for our 7,714 active members and old-age and disability pensioners in Calapan City as well as the municipalities of Baco, San Teodoro, Soccoro and Victoria," GSIS president and general manager Wick Velasco said.
"Members with existing emergency loan balance may borrow up to P40,000 to pay off their previous emergency loan balance and still receive a maximum net amount of P20,000. Meanwhile, pensioners and those without existing emergency loan may apply for a P20,000 loan," it added. The emergency loan is payable in three years or 36 equal monthly installments. Interest rate is 6% per annum, GSIS said.
GSIS first offered the emergency loan to 5,170 members and pensioners in nine areas in Oriental Mindoro, with deadline of application last April 9. or Facebook account ; email [email protected]; or call the GSIS Contact Center at 8847-4747 if in Metro Manila or 1-800-8-847-4747 or 1-800-10-847-4747 .capsized on February 28 and sank off Najuan, Oriental Mindoro while carrying 900,000 liters of industrial fuel.
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