Guide on CitySavings Bank Salary Loan for State Colleges Qualifications / Eligibility Requirements
CITYSAVINGS BANK SALARY LOAN FOR STATE COLLEGES – Here is a guide on who are qualified to apply for this loan offer of CitySavings Bank.
The CitySavings Bank has several salary loans that are offered to specific groups of people. One of its offers are for those who are working under educational institutions such as state colleges. You can check the details below.
Who are qualified to apply for the CitySavings Bank Salary Loan offer for state colleges? To be eligible, the borrower-applicant must be:
- a teacher or personnel of a school accredited by the Commission on Higher Education (CHED); a state university or college; a Technical Education and Skills Development Authority (TESDA) supervised school; or a government school that is not under the Department of Education (DepEd)
- having a permanent and regular position
- less than 65 years old upon the loan maturity
Meanwhile, according to the bank, those who wish to apply but are on a non-regular status may still do so provided that the borrower has a specific contract with the school and part of the payroll system of the educational institution. The contract will be the basis of the loan term.
The borrower can pay the loan from 12 to 60 months. The interest rate depends on the loan term and the bank assured that there are no hidden charges.
To apply, you can go to a branch of CitySavings Bank nearest to you. If your school is not accredited and you wish to apply for accreditation, feel free to visit – CitySavings Salary Loan Accreditation: Steps on How To Get Accredited for this Offer.
For teachers who are under the Department of Education (DepEd), you may also visit – CitySavings Bank Teachers Salary Loan: How To Apply for this Loan Offer.
