This type of loan is granted to Regular Teachers for productive and providential purposes. In some cases, BCS serves Memorandum of Agreement (MOA) between BCS and the employer. This means, transaction is between BCS and the school administration already.
For now, BCS is processing the accreditation to Department of Education for direct deduction from payroll the payment of the public school teachers. Presently, BCS holds ATM cards of teachers whose salaries are deposited immediately to their ATM accounts.
Teachers enjoy lower interest rates on loans!
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