Guide on CitySavings Teachers Loan Requirements – What You Must Prepare
CITYSAVINGS TEACHERS LOAN REQUIREMENTS – Here are the documents that you need to prepare and submit in applying for Teacher’s Salary Loan.
If you are a teacher, one of the entities that you may turn to for a loan offer is CitySavings Bank. Its offer has high loanable amount, flexible payment term, and an interest rate that depends on the loan term.
The bank has set a few qualifications for teachers in applying for the loan offer. To be eligible for the loan offer, the teacher must be:
- integrated in the Automatic Payroll Deduction System (APDS)
- in service under the Department of Education (DepEd) for at least six (6) months
- 65 years old or below upon the loan maturity
- P5,000 Net Take Home Pay after CitySavings deduction
- having an active email address
Like in most loan offers, CitySavings Bank has also set documentary requirements in applying for the loan. The CitySavings Teachers Loan requirements depend whether you are a new applicant or a previous or existing client of the bank.
CitySavings Teachers Loan Requirements:
For New Applicants:
- duly-accomplished Teacher’s Salary Loan Application Form
- original and photocopy of at least one (1) month latest payslip
- back-to-back photocopy of valid government-issued ID
- back-to-back photocopy of Permanent Appointment
For Previous / Existing Clients:
- duly-accomplished Teacher’s Salary Loan Application Form
- original and photocopy of at least one (1) month latest payslip
- back-to-back photocopy of valid government-issued ID
To apply for this loan offer, go to a branch of CitySavings Bank and submit your documents based on whether you are a new applicant or you are applying for a reloan. Wait for an update from the bank regarding the status of your loan application.
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