Continuing its commitment to provide financial assistance to teachers and support personnel in Region 1 and CAR, Rang-ay maintains its Memorandum of Agreement with 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

  • Maximum of P80, 000.00 for the first availment.
  • Maximum of P150,000.00 after first availment.

Term of Loan

  • One year (1) term for new loan; payable in ten (10) equal monthly installments.
  • Two (2) years term for reloan; payable in twenty two (22) equal monthly installments.

Requirements

  1. Original and photocopy of latest pay slip
  2. Latest payroll
  3. DepEd or GSIS identification card
  4. Orginal or photocopy of appointment paper
  5. Latest 2x2 ID picture of principal borrower
  6. Current year community tax certificate

Co-maker

  • One (1) co-maker who is from the same public school is required for new and repeat loans.

Special DepEd Teachers Loan for Autonomous National High School

Eligible Borrowers

Permanent teachers or personnel from Autonomous National High School who are not more than 58 years old at the time of application.

Amount of Loan

  • Maximum of P200,000.00 for the first availment.
  • Maximum of P200,000.00 after first availment for two (2) year term.
  • Maximum of P300,000.00 after first availment for three (3) year term.

Term of Loan

  • One (1) year term with one (1) month grace period; payable in ten (10) equal monthly installments
  • Two (2) years term payable in twenty two (22) equal monthly installments.
  • Three (3) years term payable in thirty four (36) equal monthly installments.

Requirements

  1. Certification of permanent status and monthly salary with detailed deductions.
  2. 2x2 latest ID picture of principal borrower.
  3. Certified photocopy of the last two (2) payroll slips before loan application; and
  4. Authority to deduct the regular amortization that is duly signed by authorized officer of the employer.

Co-maker

  • One (1) co-maker from the same Autonomous National High School is required for new and repeat.