DepEd TEACHERS LOAN PROGRAM

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Continuing its commitment to provide financial assistance to teachers and support personnel in Region 1 and CAR, Rang-ay maintains its partnership with the Department of Education Central Office in Pasig City. This will facilitate fast and affordable credit for all DepEd teachers and its support staff.

Eligible Borrowers

Regular and permanent public elementary and secondary school teachers and support personnel who work in the province of Ilocos Norte, Ilocos Sur, La Union, Abra and Benguet who are not more than 58 years old at the time of signed application and whose payrolls are prepared at DepEd San Fernando or La Trinidad Regional Offices. 

Amount of Loan

  • Regular DepEd

- Maximum of P200.000.00

  • Autonomous Highschool

- Maximum of P700.000.00

Term of Loan

  •  One (1) year term; payable in twelve (12) equal monthly installments.
  • Two (2) years term; payable in twenty two (24) equal monthly installments. 
  • Three (3) years term; payable in thirty six (36) equal montly installments.

Requirements

  1. 1Latest Original Pay Slip
  2.  DepEd or GSIS Identification Card
  3.  Original or Photocopy of appointment paper 4.Latest 2x2 ID Picture of principal borrower