HABAGAT 2013 - LAST WEEKEND. a time for loans?

i expect government institutions to offer loans, hopefully at a favorable rate for their constituency or their members that were affected by this last calamity. 

probably SSS will reactivate their SLERP - just in case you dont remember SLERP means Salary Loan- Early Renewal Program.  the terms will depend on how lenient SSS wants to be.

i can remember when one of the SLERP terms (was it Ondoy then?)  was a member in a calamity area could renew the SSS loan for as long as net proceeds were greater or equal to 1K, that is one thousand pesos. it doesnt matter when the loan is supposed to be renewable.

update:  i think the SSS offer will be similar to the above except that it even be more lenient, even if less than 1k, you can still renew.  And of course, you get a real estate loan break... specifics i dont have but it is good, and of course there is the 3-month advanced pensions for pensioners

i still havent seen the offer of the others.  

GSIS immediately offered 20K for members in calamity areas (i dont know how they know if a member lives in a calamitous area or not) through the kiosks or waps. the loan is payable in 3 years, renewal after one year. interest rate is 6%, the service is waived.

and GSIS promises quick processing. If you had applied yesterday, you would get the proceeds tomorrow, 24 August.  Nice, huh?  i just have to admire the first response of GSIS.  i am amazed by how absurdly ready they were. methinks they had a plan already in place.  and their delivery system is fantastic.

now, if only their records were as fantastically accurate.  still ......

after all, contingency plans MUST be developed asap before there is ever a need for it

get more details from the gsis website. 

click here