Helpline PH

Your one-stop resource for government services in the Philippines

Extension of Loan Terms of Payment under the Department’s Automatic Payroll Deduction System Program

In view of the clamor of the Department of Education (DepEd) personnel 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 (DO) No. 020, s. 2021 titled Enhanced Guidelines of Accreditation/ Re-accreditation of Private Entities Under the Automatic Payroll Deduction System (APDS) Program, shall be amended to extend the maximum loan term from three to five years. Paragraph 26 of the said DO shall now read as follows:

26. Entities participating in the APDS for lending business shall conform with the ceilings on interest and non-interest rates on loan as shown below. Only loans with a term not exceeding five years will be accommodated under the APDS. Illustrations for the loan computations from one to five years are in Annexes D-1 to D-5 of Enclosure No. 2 of this DepEd Order.

For ready reference and guidance of all concerned, the copies of the Illustrations under Annexes D-1 to D-5 of the abovementioned Enclosure 2 (Terms and Conditions of the APDS Accreditation) of DO 020, s. 2021, as amended, are shown in Attachment No. 1 hereof.

All other provisions of DO 020, s. 2021 shall remain effective after the issuance of this Order.

This Order shall take effect upon posting on the DepEd website. It shall also be filed with the University of the Philippines Law Center (UP LC) – Office of the National Administrative Register (ONAR), UP Diliman, Quezon City.

For more information, please contact the Employee Account Management Division, (acting as APDS Secretariat), 2/F Teodoro Alonzo Building, Department of Education Central Office, DepEd Complex, Meralco Avenue, Pasig City, through email at [email protected] or at telephone number (02) 8633-7248.