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s5 online casino New loan facility for pensioners, government workers lauded

Updated:2024-12-16 07:22    Views:101

MANILA, Philippines — A new loan program of the Land Bank of the Philippines will dissuade needy Filipino pensioners and government workers from turning to loan sharks in times of emergencys5 online casino, Rep. Fidel Nograles said yesterday.

The Pension and Emergency Relief loan facility, which extends loans between P20,000 to P100,000 at an interest rate of 10 percent annually, has been lauded by Nograles, chair of the House labor and employment committee.

The facility aims to offer accessible financial aid to pensioners and government employees.

On October 18, Duterte engaged in a two-hour media discussion where she made various comments about the president. She shared how she imagined cutting off Marcos’ head while addressing allegations related to fund misuse in the Department of Education and the Office of the Vice President (OVP).

The following LGUs announced suspension of face-to-face classes:

Emergency expenses, medical needs and other urgent financial requirements are covered by the loan.

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Two loan options will be offered: the pension loan for qualified clients with LandBank pension accounts and an emergency relief loan for regular government workers with LandBank payroll accounts, who have rendered at least one year of service.

Nograles lamented that many government workers, including teachers, are in debt as they resort to loan sharks. 

“Apart from high interest rates, leaders of loan sharks are embarrassing its debtors through text messages sent to their friends or relativess5 online casino, in an effort to ensure collection of payment,” he said.