MANILA, Philippines - Citystate Savings Bank has made it easier for auto lovers to buy a car by offering reduced interest rates for car loans. Car loans have the lowest interest rate of 5.19 percent for a minimum payment period of one year. For a maximum payment period of five years, interest rates for car loans are also lowest at 31.5 percent compared to other financing institutions. The bank lowered its car loan rates to promote the loan facility for future dealer accreditation with major automotive brands, according to Lawrence K. Cementina, Citystate Savings Bank head of sales and marketing department. These rates are now more competitive in the banking industry, giving clients a wider option for lower rates. Citystate Savings Bank is the banking arm of the ALC Group of Company founded and headed by Amb. Antonio L. Cabangon Chua.