The loan payment moratorium for DepEd personnel shall no longer in effect starting this June 2020. It is stated in the recent advisory issued by the DepEd clarifying that all loan payments with principal and interest falling due from 01 June 2020 onwards shall be due and demandable.
Here is the portion of the said advisory which states such:
The 30-day mandatory grace period under the Bayanihan Act shall no longer apply effective 01 June 2020, pursuant to the declaration of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) under its Resolution No. 40, dated 27 May 2020, which already places a majority of provinces and cities under GCQ or Modified GCQ (MGCQ).
Therefore, all loan payments with principal and interest falling due from 01 June 2020 onwards shall be due and demandable.
The termination of the grant of the 30-day grace period for the payment of loans with maturity dates on or subsequent to 01 June 2020 is premised on the lifting of the restrictions on economic activities in majority of the provinces and cities in the country. With the lifting of ECQ in majority of the provinces and cities, the condition for the grant of the 30-day grace period under Sec. 4(aa) of Republic Act No. 11469 is no longer present.”
3. Latest update is that except for Cebu City and Talisay City that have been placed under ECQ and MECQ, respectively, the other areas of the country are either declared as GCQ or MGCQ. For this reason, the Department will remit the deduction of loan amortizations to concerned DepEd personnel for this payroll month, unless signified by the concerned GFIs and/or PLIs to extend the moratorium this month of June 2020.
READ: Directives on the Processing of Remittances for the month of JUNE 2020
IMPORTANT NEWS for Teachers
No more loan refunds to DepEd personnel starting June 2020
Reviewed by Teachers Click
on
June 16, 2020
Rating:
Reviewed by Teachers Click
on
June 16, 2020
Rating:
Its okay if June PLIs remittance not be refunded to us. What do we need now is the refund for the month of March and PBB 2018. Why until now our agency did not released it yet where in fact other regions had enjoyed it already. Sometimes promising to the teachers will fall to expecting nothing, it will result to too much stress and depression to our mind.
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