The Government Service Insurance System (GSIS) on Thursday assured its members and pensioners in Cebu of immediate assistance following the magnitude 6.9 earthquake that caused widespread damage in the province.
GSIS President and General Manager Wick Veloso said the state pension fund is coordinating with local government units and Cebu branches to ensure continuous services for those needing claims, benefits, and other aid.
“We want our members and pensioners in Cebu to know that GSIS is with them. We are ready to provide immediate financial relief so they can recover from the impact of the earthquake,” Veloso said.
The GSIS Emergency Loan Program will be activated in calamity-declared areas, allowing qualified borrowers to avail up to PHP40,000 if they have an existing loan balance, or PHP20,000 if they have none.
The loan carries a 6 percent annual interest rate, payable in 36 months, with the first amortization due after three months.
Veloso also urged members to use the GSIS Touch mobile app, GWAPS kiosks, and e-service portals for safer and faster transactions, as proceeds will be electronically credited to borrowers’ ATM cards.