GSIS, Pag-IBIG offer online loan applications

During the “Laging Handa” public briefing, GSIS General Manager Rolando Macasaet said the state pension fund for government workers is now accepting online loan applications for consolidated loans (Conso Loan) amid the implementation of the Luzon-wide enhanced community quarantine. (Pexels photo)

MANILA – The Government Service Insurance System (GSIS) and Pag-IBIG Fund announced on Saturday that members who wish to avail of their loan program could resort to online applications.

During the “Laging Handa” public briefing, GSIS General Manager Rolando Macasaet said the state pension fund for government workers is now accepting online loan applications for consolidated loans (Conso Loan) amid the implementation of the Luzon-wide enhanced community quarantine.

“Online na ho ang pag-apply. Hindi na ho kayo kailangang pumunta sa GSIS offices namin (They can apply online. They no longer need to go to our GSIS offices),” Macasaet said.

The move was made to help GSIS members and pensioners amid the crisis brought about by the coronavirus disease 2019 (Covid-19) outbreak in the country.

The GSIS also offers a PHP2,000 emergency loan to active members and pensioners with an interest rate of 6 percent, payable in three years.

He said the GSIS has also extended the grace period for all the premium remittances and payments until May 10.

All GSIS offices nationwide are closed to the public until April 12, the day the quarantine in Luzon expires.

Macasaet said pensions would also be released on April 1, a week earlier than the original release date, to help GSIS members, especially those affected by the month-long quarantine.

“All the pensions will be given on April 1 at 9 p.m. Definitely po mawi-withdraw po yun (they can withdraw) after 9 p.m. of April 1,” he said.

Meanwhile, Pag-IBIG Chief Executive Officer Acmad Rizaldy Moti said his office also allows the digital processing of loans, including the Calamity Loan or the Multi-Purpose Loan.

Moti said members can visit the official website of Pag-IBIG to check the requirements that need to be submitted so they can qualify for the loan program.

“Ang ginagawa po natin, ang submission po ngayon ay via e-mail po. Paano po ang proseso? Punta po tayo sa website ng Pag-IBIG fund (What we’re doing is the submission of loan applications through e-mail. How do you process it? Go to the website of Pag-IBIG Fund),” he said.

Pag-IBIG also granted a three-month moratorium on loan payments for its members in Luzon affected by the quarantine.

Moti said those eligible to apply for the moratorium are allowed to pay their payments due until June 15.