The Department of Education (DepEd) on Thursday warned teachers and its personnel against ‘Sangla-ATM’ arrangements to prevent them from anay financial exploitation.
Reiterating DepEd Memorandum No. 049, s. 2026 , the agency said that teachers and its employees should refrain from using their their ATM payroll cards to lenders as collateral for loans.
DepEd stressed that ‘Sangla-ATM’ arrangements, may also expose employees to excessive indebtedness, unauthorized withdrawals, and misuse of personal information.
‘Employees are encouraged to obtain loans only from authorized and regulated government or private lending institutions and to exercise caution when entering into loan agreements,’ the DepEd said.
As an alternative, DepEd said that teachers and personnel can secure loans through official government financial institutions like the Land Bank of the Philippines, Government Service Insurance System (GSIS), DepEd Provident Fund, Pag-IBIG Fund, Securities and Exchange Commission-registered and duly licensed lending companies, and other DepEd -accredited private lending institutions, ‘which provide transparent, accountable, and reasonable lending terms and conditions.’