China Bank Savings (CBS) opened a new branch in Lagawe, Ifugao Province on Feb.8, 2023.
The CBS Easi-APDS Loan Office in Ifugao will cater to the financing needs of Department of Education (DepEd) teachers and employees.
The Easi-Automatic Payroll Deduction Salary Loan (Easi-APDS Loan) program is offered through a Memorandum of Agreement with CBS and is available to both teaching and non-teaching personnel of schools under DepEd and universities under the Commission on Higher Education (CHED). Additionally, employees from schools under the Technical Education and Skills Development Authority (TESDA) and the Philippine Science High School (PSHS) System are eligible to avail loans through the program.
Under the program, clients may borrow up to P1 million, with repayment terms of 12, 24, 36, 48, or 60 months and an interest rate of 7.5% or 0.625% per annum.
CBS is the retail lending division of China Banking Corporation (China Bank) and currently operates 162 branches nationwide.
