Legazpi Savings Bank (LSB), a subsidiary of the Bank of the Philippine Islands (BPI), has opened three new branch-lite units (BLUs) to make its teachers’ loan program more accessible to educators in the northern Philippines.
The new units are in San Fernando in La Union, La Trinidad in Benguet and Tuguegarao in Cagayan. They are expected to serve around 85,000 teaching and non-teaching personnel, and more than 5,000 schools across Regions I and II.
“By opening these BLUs, we are not just expanding our footprint—we are making a deliberate investment in our teachers’ future. Our goal is to give them the peace of mind to focus on shaping young minds, while we provide the financial solutions they need to thrive,” LSB president Jerome Minglana said.
Under the program, teachers can borrow up to P2 million by submitting a recent payslip, a valid ID and a completed application form. Loan documents can be signed digitally, and funds are credited instantly to LSB or BPI accounts, and within one hour to other banks, it said.
LSB said the loan could help address the barriers educators face in accessing financial services by offering a streamlined experience, simplified requirements, and faster approvals.
“With the opening of these BLUs, teachers now have the flexibility to either visit the nearest branch for face-to-face assistance or complete their applications digitally with personalized support,” the bank said.
“This balance of convenience and care ensures that educators get the services they need without taking time away from what matters most—their students,” it said.
, a subsidiary of BPI, opens three new branch-lite units in La Union, Benguet, and Cagayan to make its teachers' loan program more accessible to educators.){kind=link}