RENEWS RANG-AY’S APDS ACCREDITATION
- November 5, 2021
The Department of Education (DepED) approved Rang-ay Bank’s re-accreditation for the Automatic Payroll Deduction Scheme (APDS) under IBM Code No. 300 last September 24, 2021.
The new Memorandum of Agreement (MOA) is effective until 2025, allowing the bank to continue its Salary Loan Program to teaching and non-teaching personnel of public elementary and secondary schools in the Ilocos and Cordillera Regions. The bank has been DepED’s partner since 1990 being one of the first APDS accredited banks in the country.
Regular and permanent public elementary and secondary school teachers and support personnel may apply for a loan in Rang-ay Bank for a maximum loanable amount of P200,000 for regular DepED and P700,000 for Autonomous High School with terms from 1 year to 3 years. For more details about the bank’s DepED Loan Program, visit our website at www.rangaybank.com/services/depedteachersloan. The bank is compliant with all DepED APDS guidelines.
