Guide on City Savings Bank Salary Loan for Teachers & School Personnel
CITY SAVINGS BANK SALARY LOAN – Here is a guide on the salary loan offer for the teachers and personnel of state universities and colleges.
Many of the individuals who belong in the teacher population in the Philippines are working in the higher education. Some of them are part of the workforce of universities and colleges funded by the state.
Do you know that the City Savings Bank has a Salary Loan for teachers and personnel of accredited Commission on Higher Education or CHED schools? The loan offer is also open for the the teachers of the schools supervised by TESDA or the Technical Education and Skills Development Authority.
The City Savings Bank Salary Loan is open for the teachers and personnel of the following accredited entities:
- CHED schools
- TESDA supervised schools
- state universities and colleges
- other non-DepEd government schools
Under the City Savings Bank loan offer, the maximum loanable amount for the teachers and employees of the accredited schools institutions is Php 1.5 million. The loan is payable from 12 months up to 60 months.
The interest rate depends on the loan term and the bank assures borrowers that there are no hidden charges. Who are qualified to apply for the City Savings Bank loan offer? The loan applicant should meet the following:
- Teacher and personnel of the Accredited Autonomous School who have served at least one (1) year
- Permanent and regular position
- 65 years old upon loan maturity
Aside from the said offer for teachers, the City Savings Bank has several other salary loans including the offer for the employees of the LGUs or local government units. Many Filipinos are employed in the local government units and they have an access to a financial solution in times of dire need for extra funds.
