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Special loans readied for 300k GSIS members, pensioners in typhoon-affected areas

Residents cover their noses because of the smell of rotting corpses, as they queue for free mobile phone power charging at the city hall in Tacloban, Leyte province in central Philippines, on November 14, 2013 (MNS photo)

Residents cover their noses because of the smell of rotting corpses, as they queue for free mobile phone power charging at the city hall in Tacloban, Leyte province in central Philippines, on November 14, 2013 (MNS photo)

MANILA, Nov 14 (Mabuhay) – Special loan packages have been readied for some 300,000 typhoon-affected members and pensioners of the Government Service Insurance System (GSIS) in Eastern Visayas.

GSIS vice-president for communications Marge Jurillo said the GSIS Board of Trustees has just approved special emergency loans for typhoon-devastated areas.

While a regular emergency loan for GSIS members is only P20,000, those in typhoon-affected areas in Eastern Visayas may avail of up to P40,000 in emergency loans.

Jurillo said even members with existing loans may avail of the special P40,000 loan package.

GSIS pensioners in those areas on the other hand, may avail of up to P20,000 in emergency loans.

Jurillo said the GSIS will not mind if the affected members and pensioners cannot present the identification cards and documents usually presented when seeking emergency loans.

As such documents may have been destroyed by the recent storm surge from typhoon Yolanda, the world’s worst typhoon in recorded history, Jurillo explained that the GSIS will verify the identities of the affected members and pensioners based on government databases.

Jurillo said the GSIS will announce later the locations of the assistance desks in typhoon-affected areas where the members and pensioners may avail of the special loans.

She added that the affected members and pensioners may apply for these special emergency loans from any location, i.e. those who have already left Tacloban may still avail of the loan from where they are currently residing.

Once approved, the loans will be released within five days, she said.

Jurillo added that the Yolanda-affected members and pensioners will be given a six-month moratorium, meaning they can begin paying off these loans starting in May 2014.

She urged the public to call the GSIS hotline 847-4747 or visit the GSIS website, www.gsis.gov.ph. for more information about the special loans for Yolanda-affected areas.

Meanwhile, in a news release on Thursday, the GSIS said the loans covered under the moratorium include consolidated loans, housing loans, policy loans, and eCash Advances.

As of Thursday, the death toll from super typhoon Yolanda (Haiyan) went up to 2,357 while 3,853 were injured and 77 are still missing.

The estimated damage from Yolanda breached the P4-billion mark on Thursday, the National Disaster Risk Reduction and Management Council said.  (MNS)

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