The program aims to provide financial relief to those affected by these calamities, the state pension fund said in a statement Tuesday afternoon.
Applications are open until July 4 for Bohol; Capiz; and Kalibo, Aklan; until July 6 for Cabanatuan City; Aborlan; El Nido, Palawan; and Quezon Province's first and second districts; until July 9 for San Andres, Romblon; and until July 19 for San Lorenzo; Sibunag, Guimaras; San Carlos City; San Enrique; and La Castellana, Negros Occidental.
The loanable amount is P20,000. Borrowers with existing emergency loans who were hit by another calamity can take another loan of up to P40,000. But the net proceeds, after deducting the previous emergency loan's balance, should not exceed P20,000.
Eligible members must be active, reside or work in the declared calamity area, not be on unpaid leave, have no pending legal cases, have paid premiums for at least six months, and maintain a net take-home pay of at least P5,000.
Old-age and disability pensioners in the affected areas can also apply, provided they maintain at least 25% of their net monthly pension after paying the amortization.
The loan offers a low interest rate of 6% with a three-year repayment term. Applications can be submitted via the GSIS Touch mobile app.
