China Bank Savings personal loans

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With many different options to choose from, China Bank Savings may have a personal loan that suits your needs.

China Bank Savings (CBS), the retail banking arm of China Banking Corporation (China Bank), is one of the largest thrift banks in the Philippines. It began operations in September 2008 and offers an extensive range of personal and business banking products and services, including retail banking, auto, housing and enterprise finance.

If you’re looking for extra funds to finance a holiday, renovate your house or have your dream wedding, it’s worth including CBS personal loans in your comparison. Find out more about the loan features and if it’s right for you.

finder does not currently have access to this personal loan provider. Please review the product details, application criteria and terms and conditions on the provider website if you are considering applying for this product.

Types of personal loans from China Bank Savings

Depending on your needs, one of these CBS personal loans might be right for you.

  • Personal loan. Known as the Easi-Funds Personal Loan, this is an unsecured loan that can be used for any purpose without a need for collateral. You can borrow between PHP30,000 and PHP1,000,000 for 12 to 48 months.
  • Salary loan. If you’re an employee at a CBS-accredited company, you can apply for personal loans from PHP10,000 to PHP500,000. The loan is payable up to 36 months through salary deduction and comes bundled with free life insurance and permanent disability cover.
  • Automatic Payroll Deduction Salary Loan. The Easi-APDS Loan is a multi-purpose, unsecured loan facility open to staff employed by the Department of Education (DepEd). Borrow from a low minimum amount of PHP5,000 to a maximum of PHP1,000,000.
  • Auto loan. Finance a new or used car with CBS’ Easi-Drivin’ Auto Loan. You may choose between a regular auto loan or a comprehensive loan, which is inclusive of a chattel mortgage.

Features of China Bank Savings personal loan

Here are some of the features you can expect when you apply for a CBS personal loan (Easi-Funds Personal Loan):

  • Flexible loan amounts. You can borrow from PHP30,000 to PHP1,000,000 and use the funds for any personal purposes.
  • Minimal documentation. Compared to other lenders, CBS require comparatively fewer documents for its loan application.
  • Choice of loan terms. Choose a loan term of either 12, 18, 24, 36 or 48 monthly instalments to suit your budget.
  • Fast approval and disbursement. CBS’ personal loan applications are typically approved within five days. Choose from two modes of loan release, which is either a Manager’s Check (subject to three days clearing time) or direct credit to your CBS account.

What other products does China Bank Savings offer?

You may also be interested in other CBS financial products and services, such as:

  • Deposits. CBS offers various bank accounts designed to suit different savings goals and life stages. Choose from a broad range of savings, checking and time deposit account types.
  • Home loans. CBS’ Easi-Livin’ Home Loan can be used for lot or home purchase, construction, renovation or refinancing.
  • Business loans. There is an extensive range of SME and small business loans available to help you get on top of your cash flow or expand your operations.
  • Cash management services. Whether you’re looking to streamline your disbursements, collection or liquidity processes, CBS’ cash management services (CMS) can provide the flexibility and efficiency you need. Some examples of the CMS offered are online account statements, auto bill payments and funds transfer.

How to apply for a personal loan from China Bank Savings

If you’re ready to apply for a CBS’ personal loan, you can get the process started by completing the online application form. First, make sure that you qualify for the CBS loan:

  • You must be at least 21 and not more than 55 years old upon loan maturity.
  • You must be a Filipino citizen.
  • Minimum gross annual income of PHP360,000.
  • Employed or self-employed for the last three years.
  • You need to be a principal credit card holder.

You’ll need the following details to complete the application:

Required information

For salaried employees:
  • A government-issued photo-bearing ID eg passport, driver’s license, PRC.
  • Completed CBS personal loan application form.
  • Photocopy of any company ID.
  • Salary slips for the last three months, or
  • Latest ITR/BIR Form 2316 with last month’s salary slip.
  • Latest credit card statement.
For the self-employed:
  • Two government-issued photo-bearing IDs eg passport, driver’s license, PRC.
  • Completed CBS personal loan application form.
  • Photocopy of any company ID.
  • Last two years’ ITR with matched AFS.
  • Bank statements for the last three months.
  • Latest credit card statement.
  • Photocopy of DTI Registration.
  • List of customers/suppliers with contact details.
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