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CBS launches Easi-Funds Student Loan




CBS and NU officials at the Memorandum of Agreement signing on Sept. 27 at the NU campus: (Seated from left) NU Vice President Renato Carlos H. Ermita, NU President & CEO Teodoro J. Ocampo, and CBS FVP Jan Nikolai M. Lim. (Standing from left) CBS’ Janice S. Ty, NU Dean for Student Affairs Ricardo Ocampo, and CBS’ Eric Rojas and Cons Babas.


China Bank subsidiary China Bank Savings (CBS) recently launched an easy and affordable private education loan program—Easi-Funds Student Loan, initially available at National University (NU).


Through Easi-Funds Student Loan, parents can have the tuition fee of their children enrolled in any course at NU financed at lower interest rate—only 1% fixed add-on rate per month regardless of term—and flexible payment terms of 3, 6, and 12 months.  Applying for the loan is simple and the processing fee is waived, making for a more borrower-friendly application process. Applicants (parents) just need to fill up the application form—available at any CBS branch and at NU’s Office of Student Affairs—and submit it with the school’s assessment along with the other requirements. 


“We are excited to launch Easi-Funds Student Loan and to have NU as our partner school. This program will help parents better afford their children’s higher education,” said CBS President Alberto Emilio Ramos. 


CBS is also partnering with other universities for the Easi-Funds Student Loan. 


CBS is focused on the retail market, offering banking products and services that match different life stages, and its "madaling kausap” brand of personalized service.  Now on its 5th year, CBS has a nationwide network of 48 branches and mini branches in Savemore and SM Hypermart and 51 ATMs, and is looking at a 73-strong branch network by year-end and 100 by 2014.