In an ever-changing economic climate, CSBI is determined to fulfill our mission, which is simple… To provide competitive loan products that fulfill the needs of the people in the communities we serve.

Whether you are buying a car, improving your home or just taking a well-deserved vacation, we at Citystate Savings Bank are dedicated to helping you finance any opportunity.

We offer competitive rates, fast approval and repayment plans, which are not only convenient but also sensible. One glance at our wide range of consumer products and you will realize the various options we can offer.

AUTO LOANS

A loan extended by the bank to qualified clients for the acquisition of a brand new motor vehicle.

Basic Features

• Low initial down payment
• Flexible term up to 36 months
• Fast approval time within the day
• Fixed interest rate for the entire term
• Flexible and convenient payment terms

Conditions

Term of Loan	:	6 months up to a maximum of 36 months
Loanable amount	:	70% of the cash price of the cost of the Motor vehicle
Interest Rate	:	Prevailing market rates
Mode of Payment	:	Equal monthly amortization via Post Dated checks (PDC)

Borrower's Eligibility

Source of Income - The borrower should have a sufficient steady and dependable source of monthly income

Employment or Business

• At least one (1) year stay with present employer
• Employer must be a company operating for at least three (3) years
• If self employed, borrower must be in the same business or profession for at least three (3) years; Business or profession must have been profitable for the previous year
• If corporate borrower, Business or profession must have been profitable for the last two (2) years

Permanency of Residence

• If owned, NO minimum period required provided ownership is verified and confirmed by credit investigation
• If rented, a minimum of at least three (3) years of stay should be established
Legal Capacity - at least 21 years old but not more than 60 years old
Monthly amortization should not exceed 30% of the gross monthly income
No derogatory court case record
Favorable credit reputation

Basic requirements :

Individual

1. Duly accomplished loan application form
2. Latest 2x2 picture of applicant and co-borrower
3. If employed (for both applicant and co-borrower)
   • Certificate of employment indicated tenure, position and compensation
   • Individual Income Tax Return (ITR) for the last three (3) years with confirmation receipt and tax payment order
   • Photocopy of company ID
   • Bank statement / passbook entries within the last three (3) months
4. If self employed
   • Certificate of business registration with BDP / DTI
   • Mayors permit
   • Bank statement / passbook entries within the last three (3) months
   • Audited Financial statements of business and income tax return (ITR) for the last three (3) years
   • Cash For Statements and projected balance sheet and income statement supported by assumptions

Corporate

1. Corporate Information Sheet
2. SEC Certificate of Registration
3. Articles of Incorporation and By-Laws
4. Audited Financial Statements of Business and Income Tax Return (ITR) for the last three (3) years stamped by the BIR
5. Bank Statement / passbook for the last three (3) months
6. Company / Business profile (history, list of major officers and stockholders, product lines)
7. Curriculum vitae / bio-data of key officers
8. List of major clients / customers / suppliers indicating contact persons, addresses and telephone numbers
9. Board Resolution / Secretary's Certificate authorizing:
   • To borrow / sell receivable
   • To assign / pledge mortgages
   • To enter into Trust agreement
   • Designated Authorized signatory/ies IAC/DBFF