GSIS offers COVID-19 emergency loans

MANILA, Philippines — Starting Monday, the state-run pension fund Government Service Insurance System (GSIS) will accept new applications for its COVID-19 emergency loan program.

Loan applications from active members and pensioners alike will be accepted until June 21, the GSIS said in an advisory.

Those who have previously availed of the COVID-19 emergency loan are no longer qualified. The GSIS said qualified borrowers with existing emergency loans could borrow up to P40,000.

—Ben O. de Vera