With National State of Calamity

GSIS dangles P20K emergency

loan for members, pensioners

TAGBILARAN CITY, Bohol (PIA)—Bohol may not have been directly hit by the devastations other areas in the country experienced after typhoons Tino and Uwan, but just the same, the declaration of the state of national calamity has opened the floodgates of government assistance to victims especially those in government work.

Government Service Insurance System (GSIS) Bohol chief Igmidio Punay Jr, announced the good news at the recent Kapihan sa PIA, after the GSIS Emergency Loan opened from November 7 to February 7, 2026 only.

Offered as low-interest, three year term loan for the affected population of GSIS members and pensioners, the emergency loan also applies a three month grace period, according to GSIS chief Punay Jr.

This means that loan payments for the 6% interest per-annum loan would commence its first amortization on the fourth month after the loan is granted, he explained.

To illustrate, for loans granted in November 2025, members will start its amortization by March 2026, and loans approved and granted in December would have its first amortization payment in April 2026.

You can borrow up to P20,000 for new loans, or up to P40,000 for renewed loans, with a maximum net proceeds of P20,000, as this also restructures and consolidates old loans into a single borrowing, he clarified.

Members with no existing loans can go for the P20,000 maximum amount of take home, while those with existing loans are given the opportunity to rack in enough to clean up the obligation and still get a P20,000 take home, according to the official.

Mag-expect gyud ta nga makakuha ta og net nga P20,000 less sa atong mga previous balances. (We can expect to get a net of P20K less of the previous balances), he said.

The loan, which is intended to speed up recovery and rehabilitation of affected dwellings and individual’s needs, goes with an interest rate of 6 percent per annum, computed in advance for 36 equal instalments.

Ang nakanindot ani is that gitagaan ta’g 3 years, or 36 months to pay. (What is good with this is that we are given 3 years or 36 months to pay), he stressed.

As a protection for the immediate family of the member contracting the loan, the loan includes redemption insurance.

This clears the remaining loan balance in case of the borrower's death, provided payments are up to date, Punay said.

As the state weather bureau declared Bohol under a high risk with a tropical cyclone weather signal 4, and with the national state of calamity, Bohol GSIS members and pensioners are automatically eligible.

However, to avail, members have to show updated premium payments within the last six months prior to the application, and follow the general policy of member not on leave without pay and are not facing any pending cases.

A net take home pay of P5,000 after loan amortization, is also implemented as per applicable laws.

And for the ease and comfort of members availing of the loan, Punay said they could download the GSIS Touch mobile app and transact the loan from there.

Or, the GSIS website also has a facility for the emergency loan.

The nearest GSIS office will also be available for the service, Punay said. (PIABohol)

EMERGENCY LOAN. The GSIS is offering a P20K net take home as an emergency loan assistance for a low 6% interest rate per annum, with a three months grace period, that in the Christmas season, members would have a better financial position to effect the rehabilitation of whatever needs to be fixed after the storm, explains GSIS Bohol chief Igmidio Punay Jr. (PIABohol)