Guide on City Savings Bank Salary Loan for Accredited-Company Employees
CITY SAVINGS BANK SALARY LOAN – The employees of the companies accredited to the City Savings Bank has an access for a financial solution.
In the Philippines, one of the trusted and popular banks is the City Savings Bank which is a subsidiary of another reputable banking entity — the UnionBank. The subsidiary bank is operating in the country for decades already since it was founded in Cebu City in 1965.
The City Savings Bank has several offers including the different types of bank accounts, loans, and career opportunities. It has helped countless Filipinos in their financial needs through their different loan offers. It is one of the few banks with really multiple salary loan offers. It has loan offers for:
- teachers
- employees and teachers of CHED and TESDA accredited educational institutions
- employees of accredited LGUs
- employees of accredited companies
With regards to the City Savings Bank Salary Loan offer for the employees of the accredited companies, the maximum loanable amount is Php 1.5 million and the borrowed amount is payable within 1 – 5 years.
According to City Savings Bank, the interest rates may vary but the bank assured that there are no hidden charges. The City Savings Bank Salary Loan offer is open for employees who meet the following qualifications:
- agency or company is accredited to City Savings Bank
- on a permanent and regular position
- 21 years old to the retirement age as disclosed by the accredited school
- at least six (6) months of tenure
If your company is not yet accredited to the bank and you wish to apply for a company accreditation, you may send an email to the bank ([email protected]) for an inquiry. The requirements may vary depending on the type of business the company is engaged in.
