PERA HUB partners with CitySavings for more convenient, easier loan accreditation for LGU employees
PERA HUB, one of the country’s leading cash and payment-related transaction centers, strengthens its partnership with City Savings Bank, Inc. (CitySavings) to provide a more accessible and convenient loan accreditation and application process for employees of Local Government Units (LGUs).
As the challenges of the COVID-19 pandemic continue to affect the day-to-day livelihood of Filipinos, PERA HUB aims to provide an avenue for LGU employees to augment their income.
Through the partnership, PERA HUB becomes the outsourced service provider of CitySavings to help with the accreditation of LGUs so employees may start availing of the loan.
The LGU Employee Salary Loan is a loan program that caters to employees and elected officials of an accredited LGU. Qualified applicants can loan from Php25,000 to Php1M, depending on the net take-home pay of the borrower, with no hidden charges.
To qualify under the program, loan applicants must be permanent employees duly recognized by the government and its regulatory bodies that have a Memorandum of Agreement with CitySavings; have at least 1 year tenure of employment, and must not be over 65 years old upon loan maturity.
“We understand the financial struggles of our kababayans especially during these challenging times. This is the reason why we continue to make our products and services available and accessible to them. Our partnership with CitySavings is aligned with our mission to provide relevant financial services as we empower our customers to bounce back. Our frontliners such as our hardworking officers in our barangays and municipalities deserve this support as we give them the opportunity to boost their income with the help of our loan products,” PERA HUB President and CEO Ian T. Ocampo said.
“PERA HUB customers from different LGUs can now experience the added convenience of availing loans without traveling too far to the city,” he added.
“As we navigate through this pandemic, CitySavings sees the importance of making banking and financial services simpler and more convenient to our LGU partners. We believe that offering a salary loan tailor-fitted to their needs will substantially help them during these times. This is aligned with our vision to be the leading mass market bank in the Philippines. We are looking forward to paving the way for financial inclusion with our trusted partner, PERA HUB,” CitySavings President and CEO Lorenzo T. Ocampo shared.
PERA HUB began its massive product and services expansion since it was acquired by Aboitiz Equity Ventures in 2015, and then by City Savings Bank and Union Properties Inc. in 2018. The company continues to beef up its foray of services such as remittance services, cash-in and cash-out transactions, loans, microinsurance, and other complementary services. Aside from LGU Loans, PERA HUB has also partnered with CitySavings for its Teachers’ Salary Loan and Pensionado Loans.
To get your LGU accredited, you may reach out to 0919-0871869 or email customercare@perahub.com.ph
