TEACHERS LOAN EXTENDED FOR UP TO 5 YEARS PAYMENT


 

The Department of Education issues DepEd Order No. 4, s. 2022 or the Extension of Loan Terms of Payment Under the Department's Automatic Payroll Deduction System Program.




In view of the DepEd personnel's call to extend the payment terms of loans offered to DepEd personnel-borrower by private lending institutions accredited under the Department's APDS Program, Paragraph 26 of Enclosure No. 1 of DepEd Order No. 20, s. 2021, shall be amended to extend the maximum loan term from three to five years.


SOURCE: DEPED

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