The Government Service Insurance System has set aside ₱12.62 million in emergency loans for 485 qualified members and pensioners in Puerto Galera, Oriental Mindoro, which is under a state of calamity due to El Niño-driven dry conditions and water shortages. Eligible active members and old-age or disability pensioners may borrow up to ₱20,000, or up to ₱40,000 to settle existing emergency loans while keeping a net release of ₱20,000. Loans come with a 6 percent annual interest rate, 36-month repayment term, no processing fees, loan redemption insurance, and a two-month grace period for the first payment. Applications will be accepted via the GSIS Touch app until July 24, 2026.
GSIS allots ₱12.62M emergency loan for Puerto Galera amid water shortage
Previous article![BSP outlines new “rainy day” safety net rules for banks]( "BSP outlines new “rainy day” safety net rules for banks")
Next article![Benoni port makeover opens smoother Camiguin island adventures]( "Benoni port makeover opens smoother Camiguin island adventures")
Related Stories
