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DepEd chief calls on financial institutions to implement moratorium on loan payments for teachers
PTVPhilippines
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11/29/2024
DepEd chief calls on financial institutions to implement moratorium on loan payments for teachers
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00:00
Education Secretary Sonny Angara has called on financial institutions to implement a moratorium
00:05
on loan payments for teachers and debt-bed employees affected by recent typhoons.
00:10
In a letter, Secretary Angara requested a three-month suspension of loan payments for
00:15
debt-bed employees in areas under a state of calamity. Payment will start in April 2025.
00:22
He also asked for a moratorium for all debt-bed personnel in December,
00:26
with payments resuming in January 2025. Angara further urged the GSIS to provide
00:32
similar consideration and coordinated with the Banco Central ng Pilipinas
00:37
to ensure the loans are not classified as non-performing.
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