TEACHERS' SALARY LOAN

Get the most out of your Teachers' Salary Loan. For DepEd teaching and non-teaching staff.

Max. Loanable Amount Aggregate of 1,000,000.00 pesos
Bank Charge 6% of Loan Amount
Term 12, 18, 24, 36 months flexible depending on your needs
Interest Rate (per annum) Interest rate is variable depending on the tenor of your loan.

AVAIL OF OUR TEACHERS' SALARY LOAN

  • DepEd regular employee
  • RPSU-paid
  • Autonomous Schools
  • 65 years old upon loan maturity



VISIT OUR BRANCHES OR CALL A LOAN RANGER TODAY

Loan Ranger: Bringing CitySavings closer to our customers wherever they happen to be.



For new loans:
  • 2 months latest payslip (original copies)
  • 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 DepEd ID (1 photocopy)
For reloans:
  • 2 months latest payslip (original copies)
  • 2 valid IDs (photocopy)
  • Filled out application form
The steps under the new DepEd Terms and Conditions of the APDS Accreditation (TCAA):

Step 1: Visit us with your loan documents and payslips to evaluate loan eligibility.
Step 2: Using your DepEd issued email address, send your evaluated loan application details and stamped payslip to your DepEd Verifier via email.
Step 3: DepEd Verifier to approve and send confirmation via email to CitySavings cc: the teacher.
Step 4: Visit CitySavings branch for loan documents signing and immediate receipt of loan proceeds.
Steps 1 & 2 in the “4 Step Guide” can be completed within an hour of your visit to any of our branches. Step 3 is dependent on the DepEd Verifier’s load and there is no committed turnaround time. The last step can be completed within an hour after we have received the confirmation from the DepEd Verifier and you have signed all the loan documents in the branch.
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 P1,000,000. Ask our Service Associate at the loans counter on how we can make it work for you.
We assure you that there are none.
Our Service Associate at the loans counter are always ready to assist you.