Philippine Public School Teachers Association “Bayani ka, gurong Pilipino. Ang PPSTA, kumakalinga sa iyo!” Frequently Asked Questions  Q. What is the Sariling Sikap Loan Program?  A. Under the Sariling Sikap, you can borrow from the PPSTA payable through salary deduction within one (1) year.  Q. How much can I borrow? A. It depends on your remaining take-home salary. You can borrow up to P10, 000.00 if your take home salary is  more than P5, 000.00 if your take home salary is at least P4, 000.00. You can borrow only P2, 500.00 if your take home salary is only more than  P3, 500. . Q. How fast can I get a loan?  A. When funds are available and your documents are complete, you can get your loan within one (1) day.  Q. Why was I made to wait several days the last time I borrowed before I gat my loan?  A. Sometimes the Department of Education does not immediately release the money collected from the members of the PPSTA intended for the   PPSTA. The PPSTA lends out most of its available cash to its members. If the payments of those who have borrowed are not remitted on time to the PPSTA by the DepEd, sometimes the PPSTA runs out of cash to lend. Q. How much interest do I pay for my loan?  A. If you borrow P10, 000.00 you pay P1, 000.00 a month for one year or P12,000.00. if you borrow P5, 000.00 you pay P500.00 a month for  one year or P6, 000.00. Actually, you pay within fifteen (15) months because deduction does not begin until the third month. Q. Some say they could not be given a loan because the PPSTA is already bankrupt. Is it true?  A. No that is pure hearsay because the total assets of the PPSTA is now more than One Billion Four Hundred Million Pesos (P1, 400, 000,  000.00). About P550 million is in the form of property. The rest is in cash and receivables. Some of it is lent out to the members under the  Sariling Sikap Loan Program. The rest is held to pay for the MAS, NMRBS benefits for those who die. The PPSTA pays about P13 million a month  for MAS and NMRBS benefits.  SARILING SIKAP LOAN - SSL Copyright 2011 Philippine Public School Teachers Association. All rights reserved.