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If you need to borrow, do it
with someone you can trust


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Salary-deductible loans are available in all our branches for all DepEd public school teachers. This way you save time so you don't have to go to the branch to pay out your loans.

 
>> Find the branch nearest to you

Need a convenient way to pay off your loans from other PLIs?


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Our 36 months term loan can help you do that. By consolidating your loans in CitySavings, you are given maximum assurance that you can address your financial needs conveniently and hassle-free.

 
>> Inquire from our branches

How can I apply for a loan?


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Find out here.

Qualifications


  • DepEd regular employee
  • RPSU-paid
  • Below 58 years old or 60 years old
    upon loan maturity

Requirements


  • At least 3,000 pesos net pay after
    CitySavings' deduction

New Loan

  • Your latest pay slip (1 original copy)
  • Your previous month's pay slip             (1 original copy)
  • Certificate of Appointment                     (1 photocopy)
  • Permanent Appointment (1 photocopy)
  • 2 valid IDs (1 photocopy)
  • Cedula
  • Filled out application form
  • One co-maker (co-maker's signature is needed on the application form)
  • Comaker's latest pay slip                     (1 photocopy)

Reloan

  • Your latest pay slip (1 original copy)
  • Your previous month's pay slip             (1 original copy)
  • 2 valid IDs (1 photocopy)
  • Filled out application form
need-to-know
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  • 1. What are the available terms?

    Our longest term is 36, 24, 18 and 12 months. But we can be flexible depending on your needs. If you want to pay off your loan in 20 months instead of 18 or 24, we can make it work for you. Just tell our loan specialist about it when you apply.

  • 2. What is the maximum loanable amount?

    You can loan any amount upto an aggregate of P750,000. Please note that your loanable amount will be computed based on our minimum net take home pay requirement of P3,000.

  • 3. How much is the interest rate per month?

    Monthly interest rate is variable depending on the tenor of your loan.

  • 4. Are there bank charges?

    Yes. Our bank charge is 6% of the amount loaned (2% bank charge, 3% taxes, 1% service fee).

  • 5. Are there any hidden charges?

    We assure you that there are none.

  • 6. Are there any charges if I preterminate my loan?

    None.

  • 7. Are there any membership fees?

    None.  

  • 8. Are there any insurance deductions?

    None.

  • 9. What are the requirements?

    For new loans

         - Your latest pay slip (1 original copy)
          - Your previous month's payslip (1 original copy)
          - Certificate of Appointment (1 photocopy)
          - 2 valid IDs (photocopy)
          - Cedula
          - Filled out application form
          - One co-maker (co-maker's signature is needed on the application form)
          - Co-maker's latest pay slip (1 photocopy)

    For reloans

         - Your latest payslip (1 original copy)
          - Your previous month's payslip (1 original copy)
          - 2 valid IDs (photocopy)
          - Filled out application form

  • 10. Do I need to open a savings account with you to get a loan?

    No, there is no need.

  • 11. How long does it take to get a loan?

    It only takes less than an hour to get your loan on off-peak days. On peak days (third to fourth week of the month) loans can be released within the day.

  • 12. Do you accept redemptions?

    Yes, we do. For a more convenient arrangement on monthly payments, you can consolidate all your loans with us with the 36 months term and a maximum aggregate loan amount of P750,000. Ask our loan specialists at the loans counter on how we can make it work for you.

  • 13. What are your banking hours?

    We're open for banking from Tuesdays to Saturdays at 9:00 - 5:30 No Noonbreak. The following branches though have special banking hours:


    Region Branch Morning Afternoon
    Region 4A Dasmarinas Extension Office 8:00 - 4:00 No Noon Break
      Calamba Branch 9:00 - 12:00 1:30 - 5:30
    Region 7 Bogo Extension Office 9:00 - 12:00 1:30 - 5:30
      Carcar Extension Office 9:00 - 12:00  1:30 - 5:30
      Mandaue Extension Office 9:00 - 12:00 1:30 - 5:30
      Ubay Extension Office 9:00 - 12:00  1:30 - 5:30
      Balamban Branch 8:00 - 12:00 1:00 - 4:30
     Region 8 Borongan Branch 9:00 - 12:00 1:30 - 5:30
  • 14. Who should I look for?

    Our loan specialists at the loans counter are always ready to assist you.

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