2 weeks DepEd urges flexible terms for employees’ loan payments MB
In accordance with the Bayanihan Act 2 (BA2), the Department of Education (DepEd) is urging its partner Private Lending Institutions (PLIs) and Government Funding Institutions (GFIs) to provide a flexible and manageable loan payment scheme for its employees. DepEd Undersecretary for Finance Annalyn Sevilla, during this week’s “Handang Isip, Handa Bukas” virtual press briefing explained that in addition to the loan moratorium provision of the BA2 – where borrowers are granted a 60-days grace period for loans due on or before December 31, 2020 – the agency has coordinated with its partner PLIs and GFIs to grant a loan ... more