City Savings Bank (CSB) is a thrift bank in the Philippines, particularly a subsidiary of Union Bank of the Philippines and a member of the Aboitiz Group. City Savings Bank Founded back in 1965 headquartered in Pasig, Metro Manila having over 217 Branches nationwide. Here is Everything you Need to know about Teacher’s Salary Loan 2023-2024 and City Savings Loan Table 2023-24 PDF for 5 years and Application Form PDF.
City Savings Bank doesn’t publicly release loan tables for Specific loan types like the Teacher’s Salary Loan or Pensionado Loan. The Interest Rates and other Loan Terms can Vary depending on the Individual Borrower’s Qualifications and Creditworthiness. However, you can still get an estimate of your monthly payments by using City Saving Bank’s Online Loan Calculator.
Here is everything in details about Basic Requirements and Loanable Amount you will receive and Interest Rate you need to know.
Max. Loanable Amount – Aggregate of 2,000,000.00 pesos
Bank Charge – 6% of Loan Amount
Term – 12 – 60 months flexible depending on your needs
Interest Rate (per annum) – Interest rate is variable depending on the tenor of your loan.
Borrowers must be/ must have:
- Integrated in the Automatic Payroll Deduction System (APDS)
- In service under DepEd for at least six (6) months
- 65 years old upon loan maturity
- P5,000 Net Take Home Pay after CitySavings deduction
- An active email address
What are the requirements?
Here we have mentioned Basic Requirements for Teachers’ Salary Loan in Philippines via City Savings Bank. Understand the Requirements for New Loan and Reloan Application. Please Note That, For Verification Purpose you need to provide original copies of documents and IDs
| For New Loan: | For Reloan: |
| 1. Minimum of one (1) month latest payslip (photocopy and original) 2. Duly accomplished Salary Loan Application Form 3. Photocopy of valid government-issued ID such as PRC, etc (back to back) 4. Photocopy of Permanent Appointment (back to back) | 1. Minimum of one (1) month latest payslip (photocopy and original) 2. Duly accomplished Salary Loan Application Form 3. Photocopy of valid government-issued ID such as PRC, etc (back to back) |
So, These are the Basic requirements for Teacher’s Salary Loan in Philippines. If you wants to Apply for City Savings Bank, Visit their Nearest Branch with mentioned Proof of Identities and they will guide you with City Savings Loan Table 2023/2024, 5 Years for Teachers and you can understand the amount you need to Pay and the Interest you have to Pay monthly.
City Savings Bank Loan for Teachers Application Form – PDF
City Savings Bank Loan for Teachers in considered as one of the Best and Effective Loans in Philippines. If you have taken Such loans from CSB, do let us know your experience in comments, it will help other teachers to get such loans.