Salary Loan

 
   AT A GLANCE
  • financial assistance program designed for permanent and active officers, teachers and non-teaching personnel of the Department of Education (DepED).

  • Maximum loanable amount of P100,000.00

  • Payment term options: 1 year, 2 years and 3 years

 
In our expanding and evolving world, competition for success has become increasingly intense. A key to achieving this is through education. Alongside an individual’s desire to acquire knowledge it is also important to consider those who are committed to teaching our future generations.
 
At Paramount, we value our educators. Which is why we have created a specialized Salary Loan Program for teachers and other employees of the Department of Education (DepEd) to help improve their financial welfare.
 

Paramount's Salaray Loan Program is a financial assistance program designed for permanent and active officers, teachers and non-teaching personnel of the Department of Education (DepED).

 
       ELIGIBILITY
   
  • Both Borrower and Co-Borrower must be in good health condition
  • Both Borrower and Co-Borrower must be permanent and active full-time officers, teachers, or non-teaching personnel of DepEd.
  • Both Borrower and Co-Borrower must not be older than 55 years old within three (3) months after the filing of the loan.
  • The Principal Borrower's Net Take Home Pay (NTHP) must not fall  beyond Php 5,500 after deducting the loan amortization.
       REQUIREMENTS
   

For Principal Borrowers

  • Original pay slips (last 3 latest consecutive months)
  • Original Service Record (issued within 12 months at the time of loan filing)
  • Clear photocopy of DepEd ID (back to back) with 3 specimen signatures
  • Clear photocopy of any of the government-issued IDs: PRC (Updated) / GSIS / UMID / Passport / TIN / Pag-ibig
  • Latest 1x1 picture of the borrower

Note: Submitted original  documents will be returned to the borrower upon loan release.

For Co-Borrowers

  • Clear photocopy of last month's Payslip
  • Clear photocopy of Service Record (issued within 12 months)
  • Clear photocopy of DepEd ID (back to back) with specimen signatures
  • Clear photocopy of any of the government-issued IDs: PRC (Updated) / GSIS / UMID / Passport / TIN / Pag-ibig
       PAYMENT OPTIONS
   
  • One (1) year
  • Two (2) years
  • Three 3) years