Enjoy this unique perk of being a dedicated government employee
The Easi-Automatic Payroll Deduction Salary Loan (Easi-APDS Loan) is a multi-purpose and non-collateral program offered to the teaching and non-teaching personnel of the Department of Education, Autonomous Schools, State Universities and Colleges (SUCs), and Local Universities and Colleges (LUCs) under the Commission on Higher Education (CHED), Technical Education and Skills Development Authority (TESDA), Department of Science and Technology – Philippine Science High School (DOST-PSHS) and other APD market segments covered by an APD Memorandum of Agreement with the Bank.
Borrow up to a maximum of P1 million, payable in 12, 24, or 36 months (for Department of Education RPSUs and Autonomous Schools personnel) or up to 48 months (for SUCs/LUCs/TESDA/DOST-PSHS).
FREE life insurance coverage equivalent to the outstanding balance in the first three months. Coverage increases to 1.5 times of the outstanding loan balance from the fourth month onwards, up to P1 million.
Duly accomplished Application Form
Latest three (3) months payslips or Certificate of Net Pay*
One (1) valid government-issued ID
Permanent Appointment letter (new loans only)
Duly signed General Waiver*
Marriage Contract (if ID and documents are under maiden name)
Additional for SUCs/LUCs/TESDA and other non-Department of Education segments: two (2) co-borrowers; each with latest (1) month payslip, one (1) valid ID, and Permanent Appointment Letter
*For autonomous schools and non-Department of Education segments
China Bank Savings is a duly accredited APDS Private Lending Institution of the Department of Education with Deduction Code 1151.
This bank is regulated by the Bangko Sentral ng Pilipinas.
For your banking concerns, please call us at (02) 8988-9555 Monday to Friday: 8:30 AM – 5:30 PM, Manila time; or BSP Financial Consumer Protection Department at (02) 8708-7087. For ATM card related concerns, you may call our 24/7 ATM Center at (02) 8884-7878 or 8884-7622.
Deposits are insured by PDIC up to P500,000 per depositor
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