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Where to Get Teachers Loan in the Philippines

Last updated: April 11, 2024
Written by: Digido Financial Writers Team | Reviewed by: Anna Kireeva

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.
How much money do you need?
10 000
min ₱ 1 000
max ₱ 10 000
You will have to return*: 10 000
All your data is under secure protection!
*Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval
Who can get a Digido loan?
You are 21-70 years old
You are a Filipino citizen
You have a valid government ID

Teachers worldwide, including in the Philippines, are highly respected professionals. Many teachers prioritize feelings of gratitude and achievement over monetary gains. Despite this, teachers face challenges due to increasing expenses and an inadequate structure and delayed salaries.

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.They often have to cover unexpected expenses, leading to financial hardship.

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 and force them into debt.

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 crucial to protect them from debt traps and enhance their productivity in educating the new generation.

Are you a teacher? A quick loan in Digido is available to you!
  • In only 4 minutes you can receive up to PHP 25,000
  • Get a Quick Personal Loan for Any Purposes
  • First loan with 0% interest rate

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What is a Teacher’s Loan in the Philippines

A Teacher’s Loan in the Philippines is a type of loan specifically designed to cater to the financial needs of teachers working in the country. It is offered by various financial institutions, such as banks, credit cooperatives, and government agencies, with the aim of providing financial assistance to educators.

The loan is tailored to address the unique challenges faced by teachers, including delayed salary payments, increasing expenses, and the need to cover unforeseen expenses related to their profession.

teachers salary loan

The unique aspect of a teacher’s salary loan is that it leverages the borrower’s steady income as a teacher. It is typically a type of unsecured loan, meaning it doesn’t require collateral, and the repayment is often scheduled around the teacher’s salary dates. The loan approval can happen within the same day or may take some days based on the lender’s processing time. 

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

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Can I Get a Loan for Teachers in Digido?

Yes, absolutely!

Digido loans allow anyone 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.

Digido provides instant online loans at 0% interest for first time borrowers. Only one ID is required to apply, making the process incredibly simple. Repeat borrowers can get automatically approved and receive increased loan amounts up to 25,000 PHP. With Digido, you can apply for a loan without leaving your home. Our online services are accessible via web and smartphone.

Calculate your pre-approved loan amount with Digido calculator:

I want to borrow ₱ 10000
Min: ₱ 1000
Max: ₱ 20000
Payment Terms 10 days
7 days
21 days
My Monthly Gross Income ₱ 20000
You return*: 10 000
All your data is under secure protection!
We recommend taking a loan!

* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

Check out Digido’s additional benefits for teachers:

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 10,000 pesos in your bank account, and up to 25,000 pesos for repeat borrowers.
We don't require guarantors representation, documentation, or guarantee deposits.
We only require 1 government valid ID

teacher loan

Reasons to Apply for a Teacher 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. 

👉 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. 

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👉 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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Requirements for a Teachers Loan

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

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teacher loan philippines

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: 

Loan Type Description Risk and Terms
Car Leasing This loan enables you to repay the loan as monthly installments with minimal interest. You get to use the car while repaying the loan. In the event of a failure to make the monthly payment, the bank reserves the right to confiscate the car.
Mortgage A mortgage loan facilitates the purchase of a house or an apartment, making home ownership possible. If you default on the monthly payment, the lender reserves the right to sell the property to recover their funds.
Personal Loans (Teacher’s Loan) Personal loans, specifically teacher’s loans, allow teachers to meet financial needs. These loans often feature interest rates lower than market rates. The repayment window for these loans is often longer, giving borrowers more time to repay the debt.

Available Banks for Teachers Salary Loan

✔️ Agribank: Puhunang Pangkabuhayan ng mga Namamasukan (PPN) Loan Program

  • Aimed at teachers who often experience late salary payments.
  • Offers a salary loan tenure of up to two years at an annual interest rate of 1% or a one-year loan at 0.9% interest.
  • Documentation required: Completed application form, three months’ payslips, latest service records, Appointment Record, valid PRC ID, DepEd ID, principal’s certification, current Cedula, and four 2×2 ID photos. The guarantor should also provide two 2×2 ID photos, a valid PRC ID, DepEd ID, Cedula, and a payslip from the previous month.

✔️ UnionBank: City Savings Loan for Teachers

UnionBank Loan allows a teacher to get a loan up to PHP 875,000 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. 

  • Allows teachers to borrow up to P875,000 for a term ranging from 12 to 36 months.
  • Features no pre-termination fees, offering the flexibility to repay the loan earlier without penalties if financial circumstances allow.

✔️ Philippine Public School Teachers Association (PPSTA): Sariling Sikap Loan Program

  • Offers unsecured loans of up to P300,000 with a potentially low-interest rate of 7.5%.
  • Implements a service fee of 0.50% and an administrative fee of 5.50% of the principal amount.
  • Loan repayments are processed via salary deduction.
  • Features online application and the opportunity for loan renewal for borrowers who maintain good repayment behavior.

✔️ EastWest Bank: Loan for DepEd Teachers

  • Catering to permanent DepEd teachers and non-teaching personnel.
  • Requires a complete set of documents for application.
  • Documentation required: A 2×2 ID photo, three months’ payslips, PRC ID, DepEd ID, Appointment Letter, and Service Record.

✔️ LandBank: Dep-Ed 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. 

  • Available for DepEd teachers aged 18 to 62 who don’t have pending retirement applications.
  • Allows teachers to borrow up to eight months of their salary, capped at P500,000.
  • Has an interest rate of 10.5%.
  • Requires borrowers to have an existing payroll account with LandBank.

Note: The information about banks presented in the text is subject to change and borrowers are advised to contact their chosen financial or lending company directly for the most updated information.

Teacher Loan Programs in the Philippines

Your existing loans, such as educational or car ones, can impede your possibilities to get traditional loan from the banks. 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. 

Below we’ll tell you about the best and most interesting loans for Filipino teachers in the year 2024.

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 2024 and Manila teachers loan calculator

Curious about the Manila Teachers/MTMAS loan table 2024 and aspects like amortization and loan amounts? You can also use this table as a Manila teachers loan calculator.

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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 2024 can be found here (4)

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 (3). 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 (1) 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, 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 2024 (2) 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 2024 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

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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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  • 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.
Disclaimer and Editor’s note


Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.
Anna Kireeva
Author pages:
Anna is a marketing communications professional who specializes in digital marketing strategies and long-form content.

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