CitySavings Bank Pensionado Loan — “Enjoy Financial Security in your Retirement”

Guide on CitySavings Bank Pensionado Loan Features & Application

CITYSAVINGS BANK PENSIONADO LOAN – Here’s a guide on excellent features of this loan offer providing financial security in your retirement.

Across the globe, a lot of individuals are wise and responsible enough to not only enjoy the present but also prepare for the future. Many people sees to it that they have pension to receive when old age comes or beginning the time that they will retire from work.

However, in the Philippines, truth be told that the monthly pension may not be enough to cover all the expenses all the time. There might also be instances when there is a sudden need for extra funds and the monthly pension won’t be able to handle it.

Meanwhile, there are loan offers that the pensioners may turn to. One of these offers is the CitySavings Bank Pensionado Loan that offers “financial security” in the retirement.

The loan is also available in all PERA HUB outlets. The maximum loanable amount under the offer is Php 500,000. The bank charge is equivalent to 5% of the loan amount.

With regards to the loan term, the borrowed amount is payable from 12 months up to 24 months. The interest rate is set at 1.5%.

The CitySavings Bank guarantees borrowers that there are no hidden charges. Here are the qualifications in applying for the CitySavings Bank Pensionado Loan:

• 40-48 years old
• receiving pension for at least 1 month
• holder of a valid UnionBank & GSIS UMID/eCard

With regards to the requirements in applying for the loan offer, there are different lists for the regular pensioners and the survivorship pensioners. Here is a guide on the documents that you need to prepare in applying for the loan offer:

Aside from the loan offer for pensioners, the bank also offers the City Savings Bank Teachers Loan.