Guide on City Savings Bank Salary Loan for Employees of Accredited LGU Offices
CITY SAVINGS BANK SALARY LOAN – The employees of the City Savings Bank-accredited local government unit (LGU) may apply for the loan offer.
Many Filipinos are part of the workforce of the government. Some are working in the biggest state agencies and institutions while others are employed in the local government units.
Aside from the bonuses that come at least twice (2) a year, another benefit for the government employees are the loan offers that they can turn to. Some of these are provided by government entities while others are from the private sector.
In the country, one of the loan providers for the employees of the local government units is the City Savings Bank, a subsidiary bank of the banking giant UnionBank. It has several loan offers and most of it are salary loans.
One of the City Savings Bank Salary Loan offer is intended for the employees of the accredited local government units (LGUs). Under the loan offer, the maximum loanable amount is Php 1.5 million.
All loan applications are subject to the approval of the bank. The amount borrowed is payable from 12 months up to 60 months or five (5) years. The bank guarantees that there are no hidden charges under the loan offer.
Who are qualified to apply for the loan offer? Here are the qualifications that a loan applicant must meet to qualify for the City Savings Bank Salary Loan offer:
- permanent government employee duly recognized by the government and its regulatory bodies that have an existing MOA with the City Savings Bank
- at least six (6) months of tenure
- 65 years old upon loan maturity
- with good moral character and no derogatory record
Aside from the said loan offer for the employees of accredited local government units, the City Savings Bank also has a loan offer for the employees of accredited companies.
