To further assist teachers and non-teaching personnel with their financial needs, the Department of Education has increased the ceilings on the Provident Fund loans.
To further assist teachers and non-teaching personnel with their financial needs, the Department of Education has increased the ceilings on the Provident Fund loans.
“Thus, a Provident Fund member can borrow a maximum of P300,000 from the Provident Fund,” DepEd said. DepEd explained in the amended increase for both types of PF loans, the contractual interest rate is six percent per annum.
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