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P10-B GSIS emergency loan

4:02 am | Friday, August 10th, 2012

TO HELP its members in areas devastated by floods and those in areas placed in a state of calamity, the Government Service Insurance System (GSIS) has made available a P10-billion emergency loan fund.

Robert G. Vergara, GSIS president and general manager, said in a statement that qualified members could borrow P20,000 each, payable in 36 months.

Vergara said that the interest rate was reduced to 6 percent yearly from the regular rate of 8 percent, and that the GSIS was waiving the 1-percent service fee. Ronnel W. Domingo


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Tags: Calamities , Climate Change , Disasters , emergency loan , environment , floods , GSIS , Habagat , Metro Manila , Pagasa , rains , Weather



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