Terms and Conditions
- Open to all new and existing borrowers who wish to have their loans transferred from other private lending institutions or government financial institutions to China Bank Savings (CBS) through buy-out or inward redemption.
- This only applies to Easi-APD Salary Loan applications acquired through buy-out/take-out arrangement.
- The borrower/client should apply at participating China Bank Savings branches nationwide. For the full list of participating branches, click here.
- Regular loan rate and bank charges apply.
- For every availment of CBS Easi-APD Salary Loan with a buy-out/take-out arrangement, the borrower/client shall be entitled to a cash back of 1% based on the total outstanding balance/s of his/her loan/s with other private lending institution or government financial institution that will be taken out/bought out by CBS.
- The 1% cash cack is non-transferable and shall be disbursed to the borrower/client once loan is booked, approved and the buy-out/take-out process (payment to provider) are complete.
- China Bank Savings reserves the right to reject a borrower/client if he/she is unable to meet the conditions set under these terms and conditions.
- All loan applications are subject to credit evaluation and require the submission of complete documents prior to processing.
|New loan with CBS
Loan amount for buy-out with other bank
|Total Loanable Amount
LESS:6% one-time service fee
|Net loan proceeds
ADD:1% cash back incentive
|TOTAL Loan Proceeds||P284,000|