City Savings Loan Review: Loan Table, Calculator, Requirements

City Savings Loan Review: Loan Table, Calculator, Requirements

What is City Savings?

City Savings Philippines is a subsidiary of Unionbank Philippines. It is a credit union with a mission to provide financial services that are affordable and accessible to the urban middle class and the lower income sector. It provides its members with a range of financial products such as savings accounts, personal loans, and credit cards.

Moreover, City Savings was established in 1965 in time to help the growing number of Filipinos who were not able to access the traditional banking industry. Its main objective is to make financial services accessible to the urban middle class and the lower income sector by providing a competitively priced and accessible product line.

City Savings loan, how does it work?

City Savings loan is a loan product which allows Filipinos to borrow up to PHP 1,000,000 . The loan is made up of ten equal monthly repayments. This loan is provided by City Savings, which is a subsidiary of the Unionbank of the Philippines. The loan is intended to help the Filipino people to finance their needs, whether it is for education, housing, or any other type of need. The loan product is available to anyone who is a Filipino citizen and is at least 18 years of age.

Interest rate

The loan is given with an interest rate of 0.5% a month and a period of repayment of 60 months.

Loan table

City Savings Group has a loan table that allows consumers to see their monthly loan repayment, which is usually given every other month. City Savings also has a wide range of loan choices that vary in interest rates and term length.

Is City Savings loan legit?

Yes. Aside from being a subsidiary of Unionbank of the Philippines, City Savings bank received their Securities and Exchange Commission registration a long time ago since its operations.

How much is the City Savings loan?

City Savings bank allows Filipinos to borrow as much as PHP 1,000,000. As for the other loan they offer, you can borrow at least PHP 1,500,000.

Is City Savings SEC registered?

Yes. City Savings is registered with the Securities and Exchange Commission even since they are just a start up thrift bank in the country.

City Savings loan benefits

You may have heard of City Savings Philippines before. They offer a loan to Filipinos that have certain needs that they cannot afford. For instance, if you are looking to get a new car and you cannot afford the monthly car loan payments, City Savings can help you get the car that you need.

They are also able to help Filipinos with their personal needs such as education, medical care, and housing. These loans are designed to help Filipinos with their needs, but they also have loan offers that are designed to make them more money.

City Savings loan, how to apply?

To apply for a loan, you have to go to a physical branch of City Savings loan near you. If you have no idea where, you may find a list of branches on their website and look for one that is near you.


The requirements for the loan varies depending on the type of loan you prefer, but in general, according to the bank, these are the requirements:

  • Minimum of one (1) month latest payslip (photocopy and original)

  • Duly accomplished [Salary Loan] Application Form

  • Photocopy of valid government-issued ID such as PRC, etc (back to back)

  • Photocopy of Permanent Appointment (back to back)

City Savings loan, how to pay?

If you want to reimburse your loan with City Savings, you can do so by going to the bank and making an over the counter transaction. You may also opt to do an online payment using online banking and e-wallet.

What happens if you can't pay?

In case you are not able to reimburse your loan, a late payment penalty might be charged on your account. Furthermore, City Savings bank may not prioritize or restrict you from getting loan again.

City Savings loan app

City Savings is one of the leading thrift banks in the Philippines. City Savings allows its customers to manage their loan with ease and convenience. This includes checking your loan balance, loan interest, and loan payments. In order to view your loan, you can also see your loan payment schedule, as well as your loan history. City Savings loan app is available for download in the AppStore and Google Play Store.

City Savings, customer service

If you want to reach out to City Savings, file a complaint and ask for an update in regards to your loan, you can do so by contacting the following contact information.

  • Telephone Number (632) 8470-3333
  • Fax Number (632) 8470-3333 loc. 238

City Savings, reviews

City Savings Philippines has a loan app, which is available to download through Google Play and the App Store. This loan app is used by almost all of the loan seekers in the Philippines. Its reviews are very good, and some of the users have even said that it has been a life-changing experience.

City Savings, a financial service provider, provides different financial services to Filipinos, including loans. Customers were happy with the service the company provided them with. One customer from the Philippines who took a loan from City Savings stated that the company was easy to deal with and the process was fast and easy.

Have you used the City Saving loan? Share your experience here.

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This article was updated on 24 july 2024