Proposed House Bill 1015 – “Public School Teachers Special Loan Window Act”

special loan

Rep. Precious Hipolito-Castelo (2nd District, Quezon City) filed House Bill 1015 or the proposed “Public School Teachers Special Loan Window Act” which aims to entitle every bona fide public school teacher with the right to avail and apply for loan or financial assistance, with low interest rate, under the Special Loan Window of government-owned banks The bill provides that such loan shall be different and separate from any existing emergency loans for public school teachers, which usually impose high interest rates. “To achieve this end, teachers should be allowed or better still, empowered to lead…