5-Year Term BDO Network Bank Loan Table For DepEd Teachers
Another bank is willing to lend our dear teachers in the Department of Education an amount with a reasonable interest rates. The BDO Network Bank offers permanent teachers in DepEd a loan which is paid through Automatic Payroll Deduction System or APDS.
How to apply for a Teacher's Loan?
Simply visit the nearest BDO Network Bank Branch or Loan Officer and bring the following requirements:
- Original copy of the latest three (3) months payslips
- One (1) 1x1 ID picture and two (2) valid government-issued IDs
- Photocopy of the Letter of Appointment with original copy as presented to BDO Network personnel
- GSIS Index
Practical and Affordable
- Loan up to P750,000 and enjoy low interest rate through APDS, for maximum loan term of 5 years.
- No late payment charges, no notarial fee, no pre-termination fee and no co-maker required
- Includes FREE Credit Life Insurance
BDO Network Bank (commonly known as BDO NB, formerly One Network Bank or ONB) is a rural bank in the Philippines based in Davao City. Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 branch in Makati and province of Iloilo (including Iloilo City) and a fleet of 135 ATMs throughout the provinces of Mindanao, including seventeen localities where it is the sole provider of financial services.
It is the first rural bank in the Philippines to receive the nod of the Philippine Clearing House Corporation (PCHC) to establish a checking account, as well as to have its cheques cleared directly by the PCHC, instead of an intermediary bank.[citation needed] It is also an equity member of MegaLink (now a BancNet member), one of the first banks in Mindanao to join an interbank network.
In December 2014, the bank was acquired by Banco de Oro. The acquisition was completed in July 2015.
To align with the continued expansion of its parent company Banco de Oro (BDO Unibank), it changed its name to BDO Network Bank on August 6, 2019.