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In this article you will learn all the most important information about the teacher loan in the Philippines. Who is eligible for a teacher loan, what requirements you need to meet, and how much you can get. Are you wondering if a teacher can get a loan from Digido? Digido will help anyone with a regular salary, including a teacher. All you need to do is apply for a loan in the app or on the website.

Teacher’s Loan in the Philippines

Last updated: October 25, 2022

Written by: Sean Martin D. Plantado | Reviewed by: Rafael Hular

Key takeaways:

  • A special loan for teachers is needed to keep Filipino teachers out of the debt trap and increase their productivity.
  • Teachers can get a loan through one of the government programs or go to a bank.
  • Digido does not offer a loan exclusively to teachers. But Digido will help anyone with a steady paycheck, including teachers, get financial assistance.

Teaching is not just a job; it’s a calling. Teachers play an active role in shaping the character of a child and our future. It makes teaching a highly-respected profession across different segments of the human population throughout the world. 

For most teachers, the feeling of gratitude and achievement matters more than monetary gains. Such an attitude of compromise encourages policymakers to reduce the allocations for the education sector significantly.  However, this is certainly not the case in the Philippines. Filipino teachers are overworked and underpaid, always getting the short end of the stick in terms of aid and support from the government. Their salaries are not on par with other professionals, and to make matters worse, they seldom receive their pay on time.

Teaching is a highly demanding profession. A teacher has to spend his time beyond his class hours for preparation and evaluation. It makes pursuing a second job for financial support practically impossible. It means a teacher has to meet all his financial obligations from his salary alone. Typically teachers manage their expenses through efficient fiscal discipline. 

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But when the certainty of salary on the set date is problematic, it makes their life quite miserable. To meet immediate financial requirements, they may resort to expensive loans such as payday loans, 5-6 loans, ATM loans or cash loans that are just downright predatory.  Such loans destabilize their financial strategies and force them to reel under a severe economic crisis. 

It provides better finance management and helps them be more productive in the upbringing of a new generation.

→ Also read all about cellphone loan in the Philippines

What is a Teacher’s Loan in the Philippines?

Even with a stable income, many teachers in the Philippines struggle to make ends meet due to increasing expenses and improper salary structure. Apart from regular payments, like every one of us, a teacher must set aside allocations for expensive, long-term purchases such as a house mortgage, car loans, or child education. (1)

Things become complicated if the teacher is the primary or sole breadwinner of the family. Sometimes, the teacher has to purchase school supplies from his pocket to avoid the loss of school days due to the complicated purchasing system.  Such unforeseen, yet unavoidable, expenses strain the financial health of the teacher. Delayed salary payments are not an uncommon phenomenon for Filipino teachers, and it makes situations much murkier. The study conducted by PIDS (Philippine Institute for Developmental Studies) shows that public school teachers are 50% more likely to borrow than other government employees. The cumulative loan of public school teachers through the legal route alone has reached PHP 320 Billion. (2)

A noticeable number of teachers are unable to receive any retirement benefits due to pending loans. All these data indicate that a regular income alone is insufficient to protect the teachers from financial vulnerabilities. A specific loan for teachers is essential to safeguard the Filipino teachers from debt traps and make them more productive. 


  • What is a teachers loan?
    A teacher loan is a salary advance offered by banks or financial institutions. It allows teachers to cover their monthly expenses if their salary is late.
  • Can I get a teachers loan?
    Yes, if you meet the bank's requirements.
  • Are teacher loans legal?
    Yes, many companies in the Philippines issue teacher loans legally and have a registration number in the government registry.

→ Also learn more about online loan for students

Can I Get a Teacher’s Loan in Digido?

Digido doesn’t offer a loan exclusively for teachers. But we have loans that allow anybody with a regular salary, including teachers, to get the right financial assistance with minimal formalities. As a legit and state licensed lender, Digido, with its strict adherence to the corporate values of fairness, transparency, and professionalism enables millions to avail loans with minimal efforts. 

Fully automated banking platforms allow the customer to access our services around the clock and ensure timely disbursal of loans without any bias or preferences.

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 5000 pesos in your bank account
We don't require guarantors representation, documentation, or guarantee deposits.
The service is fully automated

Reasons to Apply for a Teacher’s Loan

The circumstances that lead a teacher to seek external financial support are many. Here are some of the most common reasons.

Rental Advances

Unlike in many other professions, work from home is not possible for a teacher. If the school is far from the teacher’s residence, they need to shift their stay to a nearby location. Usually, people take apartments or houses on a rental basis. But if you are a new appointee or someone with a low financial reserve to meet the rental advance, you can’t continue with the job. 

Your existing loans, such as educational or car ones, can impede your possibilities to get a loan from the traditional banks. Getting a loan from loan sharks or illegal private lenders is more comfortable but is a risky deal. Teacher’s loans put a stop to such dilemmas by offering loans with minimal interest and paperwork. The borrower can repay the loans as regular monthly installments without any undue strain for their financial freedom. 

To Purchase a Vehicle

Public transport can be unreliable at times. Over-dependence of such an irregular system can lead to loss of school days and loss of pay. The most viable solution for this issue is a private vehicle for the regular commute. The teacher’s loan helps the borrower meet the upfront investments quickly with a relaxed payment window. 

All about lowest motorcycle loan rates in the Philippines

To Buy Gadgets for Online Classes

When pandemics or calamities hit, the class modality needs change to a digital platform. Such a transition necessitates the teacher to make investments in quality hardware such as laptops, digital cameras, high-speed internet connectivity, and backup power supply. 

Training and Certifications 

Teaching is a continuously evolving profession. A teacher has to get acquainted with the latest developments in the domain through continuing education processes. Attending training sessions or pursuing an additional qualification can be expensive. 

To Fund a Classroom Project 

Suppose a student needs monetary support for their academic activities. Usually, the teacher would be the first responder to arrange funds, often from his pocket itself.  Apart from all these professional woes, like any human being, a teacher can have financial emergencies such as an unpaid credit card, an emergency hospital bill, or a car repair. 

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→ Read about OFW Loan no co maker in the Philippines

Requirements for a Teacher’s Loan

A teacher in the Philippines can get a loan through the following options: 

  • DepEd Livelihood Loan
  • UnionBank City Savings Teachers loan
  • Philippine Public Schools Teachers Association (PPSTA) – PPSTA Eduk Loan Program
  • Banks
  • Private Lenders

The eligibility criteria vary with each vendor and the amount. But the basic requirements for teachers loan are:   

  • The applicant should be a Filipino citizen 
  • The age for the applicant should be between 18-62 Years
  • At least one year of regular employment with DepEd
  • Should be able to submit recent payslips. 

The eligible candidates can proceed with their application, usually supported with the following documents:

  • Application form
  • Original payslips
  • Certificates proving your service record
  • Certificate from principal
  • Appointment record
  • At least two valid PRC ID cards
  • Community tax record

The loan approval can happen within the same day or may take some days based on the lender’s processing time. 

Read how to get 1 hour loan fast and easy

Teacher’s Loan Providers in Manila

By nature, a teacher’s loan is a general-purpose loan. It can help one make investments for an additional income or re-engineer their existing financial strategies for a better outcome. Manila teacher’s loan offers online loan application facility. It enables one to apply for the loan around the clock and avoid traveling to the regional offices in his province. 

The Manila Teachers’ Mutual Aid System, Inc. (MTMASI), and the Manila Teachers’ Savings and Loan Association, Inc. (MTSLAI) are the two primary agencies that work towards the improvement of teachers’ lives. These agencies help teachers pursue higher education through targeted loans and support them to be competitive for better job opportunities in the future. In addition, teachers can take advantage of instant loans for PPSTA members. They can benefit from a maximum amount of 100,000 pesos. The PPSTA online loan application is available on the official website.

There are other special-purpose loans such as: 

 Car leasing. The loan enables you to repay the loan as monthly installments with minimal interest. You can use the car, but if you fail to make the monthly payment, the bank will confiscate it.  

Mortgage. Owning a home  is everybody’s dream. With this loan, you can purchase a house or an apartment under collateral security. If you default the monthly payment, the lender will sell the property. 

Personal Loans. A teacher can avail of personal loans to meet his financial exigencies through teacher’s loan. The interest rates are often lower than market ones and will have a longer repayment window. 

The primary avenues of teacher’s loan in Manila are:

  1. Land Bank of the Philippines (LBP) Livelihood Loan Facility 

The loan works in collaboration with DepEd teacher’s salary loan. All teaching and non-teaching staff associated with DepED can avail of a loan up to PHP 50,000 or equivalent of eight months of salary at an annual interest rate of 10.5%. The loan amount can be increased further for members with good standing without any increase in interest rates. 

     2. Philippine Public School Teachers Association (PPSTA) (3)

Members of PPSTA can take a loan up to 100% of their funds for a monthly interest of 1%. 

     3. UnionBank

UnionBank Loan allows a teacher to get a loan up to PHP 85,000 with a repayment period of 12,18 or 24 months. Union bank quick loan interest rate for teachers is very low. Pre-closure of the loan doesn’t invite any penalties. There are no hidden charges as well. For most of the applications, the loan approval happens within the same day, often within a few hours. 

Teacher Loan Programs in the Philippines

Below we’ll tell you about the best and most interesting loans for Filipino teachers in the year 2022.

Manila Teachers’ Mutual Aid System (MTMAS)

Founded in 1975, the Manila Teachers’ Mutual Aid System (MTMAS) provides financial support and assistance to teachers. It extends loans to teachers as well as a P35,000 financial aid to beneficiaries of deceased members.

Manila teachers loan requirements

MTMAS offers loans to its teacher-members through the Manila Teachers’ Savings and Loan Association, Inc. (MTSLAI). MTMAS loan requirements for DepEd teachers include a filled-out loan application form. You can download the MTMAS loan form online and have it printed out on a long bond paper.

In order to avail a loan from MTMAS/MTSLAI, you must apply for a membership first. Submit the following documents in order to apply for membership.

  • Two valid IDs
  • Any document that bears your name and home address
  • Three 1×1 photos
  • Original copy of appointment paper and service record
  • Original copy of payslip
  • A fee of Php 212

MTMAS also has the 20 Thousand Calamity Loan Online. All you need to do is download the MTMAS-OLA app on your smartphone then apply for the said loan through the app. To qualify for the loan, the borrower must be an active MTMAS member. Once approved, the loan amount will be disbursed to the enrolled Landbank account of the borrower.

MTMAS Online Loan Application

You can apply for an MTMAS loan online through their smartphone app which is free to download on your Android device. Just search for the MTMAS-OLA app in Google Play.

MTMAS Loan Interest Rate

MTMAS/MTSLAI offers loans to teacher-members at very low interest rates. Teacher-members can also avail of amortization of 12, 15, 18, 24, 30 and 36 months.

Manila teachers MTMAS loan table 2022 and Manila teachers loan calculator

Curious about the Manila Teachers/MTMAS loan table 2022 and aspects like amortization and loan amounts? You can also use this table as a Manila teachers loan calculator. Check it out here:

Philippine Public School Teachers Association (PPSTA)

According to its website, the Philippine Public School Teachers Association (PPSTA) is the biggest body of public school educators in the country with more than 200,000 teacher-members. PPTSA offers financial products to its teacher-members such as mutual benefit programs, loans, microinsurance, educational assistance programs, and equity/certificate loans.

PPTSA offers two kinds of loans: Sariling Sikap Loan Program and equity or certificate loans. These loans have low interest rates, no collateral, can be disbursed fast, and repayments can be made through salary deductions.

PPSTA loan requirements

The Sariling Sikap Loan (SSL) Program offers loan amounts up to Php 300,000 with no collateral and an interest rate of 7.5% To avail of the loan, you must submit an accomplished PPSTA form (which you can download from the PPSTA website), plus a copy of your original payslip if you’re availing of higher loan amounts.

For those availing of the PPTSA Instant Member-Instant Loan Program, they must pay two months advanced premium contributions on top of the SSL regular requirements.

The PPSTA loan table 2022 can be found here [http://ppsta.net/loan%20type%20definition%202018.pdf].

For the PPTSA equity loan and certificate loan, you need to submit an application form as well.

PPSTA Teachers Calamity Loan

The PPSTA Teachers Calamity Loan was established to help teacher-members financially in times of natural disasters. Members can apply for a PPSTA calamity loan if the area they are residing in has been declared as a calamity area. A member can loan for a maximum of Php 30,000 with a 5% interest rate per annum that is payable in three years.

PPSTA online loan application for teachers

You can download the PPSTA loan application forms here [http://ppsta.net/forms/loans/]. The forms for Sariling Sikap Loan, Eduk Loan, Calamity Loan, Certificate Loan MAS65, Certificate Loan MRBS Plus, and Equity Loan NMRBS Plus are there.

DepEd loan for teachers

The DepEd teachers salary loan and DepEd salary loan comes in the form of the Provident Loan (PF), which will financially support teachers and non-teaching personnel in times of need. The reasons for loan application is a bit stringent, though; the PF can only be used for a borrower’s hospital or medical expenses, death expenses for a family member, and educational loans.

The ceiling of a PF Multi-Purpose Type Loan is Php 100,000, while the Additional Loan is up to Php 200,000. The contractual interest rate is 6% per annum and the loan can be paid from one to five years.

The requirements for a DepEd Provident Loan are as follows:

  • Application form indicating the purpose or the loan
  • Copy of latest payroll from the loan borrower and co-maker
  • Documents which support the purpose for loan application

DepEd salary loan from Etiqa

Aside from the DepEd (5) , Etiqa also offers DepEd salary loan for teachers through salary deduction. It doesn’t require any collateral nor a co-maker. A teacher can borrow for as low as Php 10,000 to Php 500,000, which is payable from 12 to 36 months.

Requirements for the Etiqa DepEd salary loan are a copy of the latest payslip, copy of two months’ payslip, copy of service record/appointment letter, copy of two government IDs, and two pieces of ID picture.

DepEd teacher’s salary loan from EastWest Bank

EastWest Bank also offers salary loans to teachers from Php 25,000 up to Php 2 million. Monthly interest rates are as follows: 1.49% for 12 months, 1.59% for 18 and 24 months, and 1.69% for 36 months.

Requirements include three copies of latest payslips, a copy of your appointment letter, a copy of your service record, a copy of your PRC and DepEd IDs, and application form.

GSIS Loan for teachers

An example of GSIS loan for teachers 2022  (4) is the GSIS Financial Assistance Loan which will lend a maximum of Php 500,000 to teachers to help them pay any outstanding loans.

The interest rate of this loan is 6% per annum computed in advance payable in monthly installments for six years.

Teachers who are also GSIS members can also apply for the Enhanced Conso-Loan Plus, which will consolidate several types of salary loans under GSIS. The GSIS loan table for teachers in 2022 is here:

Minimum Premium Payments Required Maximum Loan Amount
(Basic Monthly Salary)
25 years 14-month loan
15 years 12-month loan
10 years 10-month loan
5 years 7-month loan
40 months 4-month loan
20 months 3-month loan

ATM loan for teachers

There are financial institutions and lenders that offer ATM salary loan for teachers. It is possible to find an ATM loan with 1 day process, but the risks can outweigh the benefits due to predatorily high interest rates and tight repayment schedules.

If possible, teachers must avoid ATM salary loans and go for loans offered by the government, banks, and accredited private lenders instead.

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Articles Sources

  1. Teacher Statistics for the Philippines https://www.philippinesbasiceducation.us/…
  2. Teachers loans still resilient  https://www.pna.gov.ph/articles/1103705
  3. Philippine Public School Teachers Association https://ppsta.net/
  4. GSIS Loan for teachers https://www.gsis.gov.ph/…
  5. DepEd https://www.deped.gov.ph/

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Written by: Sean Martin D. Plantado

Author pages:
Sean Martin Plantado is the head of Customer Care Dept. and Online Sales Dept. of Digido Finance Corp. creating articles, blogs, and other learning mediums that helps Filipinos struggling on their financial literacy. Sean also loves Cycling, Photography, Cinematography, Online gaming, Fine Arts, and dreams of becoming a Doctor of Veterinary Medicine.

Reviewed by: Rafael Hular

Author pages:
Rafael “Raffy” L. Hular is, the Finance and Accounting Manager. of Digido Finance Corp., monitoring and controlling the flow of cash that comes in and out of the company to meet the company’s business needs, preparing the financial reports and analysis of income and expenses, and monitoring tax compliance.  Raffy loves reading Japanese comics called manga and watching Japanese animated cartoon series. He dreams of establishing his own Accounting and Auditing Firm and teaching in a University.