Guide on CitySavings Salary Loan for State Universities Qualifications / Eligibility Requirements
CITYSAVINGS BANK SALARY LOAN FOR STATE UNIVERSITIES – Here is a guide on who are qualified for this CitySavings Bank loan offer.
Are you working in a state university and you are looking for a loan offer? One of the entities that you may turn to is CitySavings Bank. It has a salary loan offer for teachers and personnel of accredited state universities in the Philippines.
Who are qualified to apply for the CitySavings Bank Salary Loan offer for state universities? 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)
- serving at least a year already in the educational institution
- less than 65 years old upon the loan maturity
- on a permanent and regular position
According to CitySavings Bank, this loan offer may also be available for some teachers and employees of state universities who are not on a regular status. The applicant-borrower must have a specific contract which will be the basis of the loan term. Also, the borrower should be part of the payroll system of the school.
The minimum loan term under this offer is 12 months while the maximum is 60 months. With regards to the interest rate, it depends on the loan term. The bank boasts its offer with “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.