Manila Teachers’ Savings and Loan Association, Inc. (MTSLA) is indeed a huge help for public school teachers like me. They offer savings program to teachers to help them save money and teach them to be thrifty. They also offer loan programs to teachers in need with low interest. This will keep teachers from going to lending corporations and loan sharks that offer high interest.
Compare to other lending corporations / banks, they offer the lowest interest rate. You can instantly take home your loan within the day, once approved. Membership to this association also gives accident insurance and scholarship programs. New members can take home Php 50,000.00 while members can loan as much as Php 200,000.00.
REQUIREMENTS FOR NEW MEMBERS:
- 2 Valid IDs with photocopy (PRC ID, DepEd ID, GSIS E-Card, School ID)
- 3 pcs. 1×1 picture
- Original copy of Appointment Paper (with photocopy)
- Original copy of Updated Service Record (with photocopy)
- Original Copy of Latest Payslip (with minimum net pay of Php 6,500.00)
- Accomplished Loan Application Form
- Php 267.00 for membership fee
THINGS TO REMEMBER:
- Must have a cedula/community tax certificate
- Must have 4 co-makers (members of MTSLA)
- Should have no plans of retiring, leaving, and /or moving from work/school within a year.
CONTACT INFORMATION:
Manila Branch
Manila Teachers’ Savings and Loan Association, Inc.
918 United Nations Avenue, Ermita, Manila
Tel. Nos. 404-2790 / 404-2793 to 95
Fax No. 525-3833
Muntinlupa Branch
Tel. Nos. 861-4656 to 57
hi.. visiting you here.. interesting post.
i am currently working on a research paper about manila teachers’ savings and loan services. may i know ma’am, how much is the interest rates they are applying for the loan and how do you pay them? thanks, looking forward to your reply
they will charge you 12% for your whole loan. You will choose the terms of payment convenient to you (10 months, 12 months, 24 months). The payment of the loan is through salary deduction, 3 months after your loan has been approved.
my mother received a letter from Manila Teacher-Tanauan Batangas Branch where it is stated that my mother is one of the co-maker of 1 teacher who made a salary loan with that branch and she needs to pay the part of the loan because the said teacher is already resigned. but later on, my mother found out that the signature in the form submitted by that resigned teacher was not her signature..the bottom line is, that signature is fake..is it right that my mother will have to pay that loan even the signature is fake..what action your company will do in that case?
Your mother has to report to the MTSLA-Tanauan Batangas Branch. She has to inform that she is not legitimate co-maker since her signature was forged.
can i use service record dated january 2012 and be considered, new member applicant
pwede po ba magloan kahit LSB item teacher??o national lang?
May mga requirements po kc pra mgloan. ang alam ko ang LSB item na teacher ay wlang payslip from DepED at appointment paper. Need din po kc ang mga yun. so hindi pwde ang LSB item teacher.
ask ko lang po d b pd maging up to 300k maloan kung mtagal ng member?
ang alam ko po max nila is 200 for old members. but you can call them just to make sure.
pwede ko bang makuha ung savings ko sa manila teachers’ kahit may 2mos pa akong balance sa loan ko?papaless ko na sana sa savings ko ung outstanding balance ko..
ang alam ko po bawal..dapat wlang balance before withdrawing your savings
pwede na po ba 24 mos? wala na po ba ung 18 mos?
ang alam ko po payable in 10 months, 12 months and 24 months
sana tumaas pa loan amount, kasi may mga teachers na malaki ang deduction ng mtmas which mean suited sa mas mataas na loan amount…
TAPOS NA PO UNG LOAN KO PERO LAST JULY 2012 BUT TILL NOW MAY DEDUCTION PA RIN AKO. ANO PO GAGAWIN KO?
Tuloy tuloy po deduction ng manila teachers. Ang alam ko po naka fix na 2 years and deduction nila. so kung tapos na po kayo sa loan ninyo, you have to go to their office pra iupdate and remind them that your loan was paid completely.
1ST Q: BKIT MAY ADDITIONAL 5% PAG NAGPA BUY-OUT SA PR BANK ANG MTSLA, PARA SAAN ‘UN?!, BNAYARAN N NGA IN ADVANCE, MAY DAGDAG PA ANG KALTAS… 2ND Q: PAG NAGPA TERMINATE B NG MEMBERSHIP, ASIDE FROM SAVINGS ANG CAPITAL DEPOSITS..PWEDE RING M WITHDRAW ANG MUTUAL AID N 50 PESOS PER MONTH, SINCE DI NMAN NPKINABANGAN NG MEMBER?,IF NOT..SAN MAPUPUNTA UN?! 3RD Q: FOR THE PAST 10 YEARS BEING A MEMBER SA MTSLA, NEVER AQO NKATANGGAP NG DISCLOSURE STATEMENT ON LOAN EVERYTIME NAGRE-RENEW AS REQUIRED UNDER R.A 3765, TRUTH IN LENDING ACT. 4TH Q: BKIT KAILANGANG PAHIRAPAN ANG TEACHER N MKUHA ANG SAVINGS DEPOSITS AT MAGHINTAY NG 6 MONTHS BGO MKAPAG WITHDRAW KAPG NAGPA BUY-OUT…GANTI B UN NG MTSLA SA MGA UMALIS NILANG KLIYENTE?! …….PKISAGOT LANG PO AGAD!
I dont know the answer to your first and third question.
2nd Q: You cannot withdraw the mutual aid of 50 pesos per month since it is not part of your savings.
I’m sorry if I’m not much of a help with your questions. I am not really connected with the MTSLA. If you have further questions, please dont hesitate to contact them with the number posted.
pwede po bng increase ung loan then palongterm?
DATI AKONG MEMBER NG MANILA TEACHER PERO NG DISMEMBER AKO 2009 DAHIL UMALIS AKO NG BANSA FOR 6 MONTHS, GUSTO ULIT MGAMEMBER PERO D NA DAW PWEDE, BAKIT BA?
MS. LHANNA, MGKANO PO PWEDE ILOAN SA PR BANK? PWEDE NB TGA MINDORO JN? 2YEARS PLNG AQ MEMBER S MTMAS PRO PRANG GUSTO LUMIPAT SA PR BANK..
SERVICES OF MTSLA IS GETTING WORST… HINDI MALINAW ANG MATURITY NG MGA DEDUCTIONS NILA.. I RENEWED A LOAN FOR TWO YEARS LAST NOV 2012, SUPPOSED TO BE MATURED NA SYA NG NOV 2014 PERO ANG NKALAGAY S PAYSLIP E NOV 2016 ANG MATURITY… BAKIT GANON? PANO NA LANG YONG MGA TEACHERS NA HINDI NA NAPAPANSIN ANG MATURITY NG LOAN NILA… SOBRA SOBRA ANG SINISINGIL NG MTSLA S LOAN S KNILA…..
Need nyo po kasi silang sabihan na hindi na kayo mgrerenew ng loan pra istop nila yung deductions pag tapos ng loan
Bakit po kayo nag deduct ng P262 sa PAYSLIP ko ng march ? di naman po ako nag loan? pwede po bang paki-stop po ito.
tatawagan nyo po yung mtsla na branch kung saan kayo ng loan and ipapastop nyo po ito pag tapos na or patapos na kayo sa loan ninyo