• Security Bank Personal Loan

    Security Bank Personal Loan

    A personal loan is the most feasible option to arrange for quick funds when a financial emergency crops up. The personal loan from Security Bank, is a multipurpose loan that helps you take care of a financial crunch when have have absolutely no savings in your account. You can use this collateral free loan to fund any requirement like your child’s education, renovations at home, a special celebration, travelling or even medical expenses.

    With the personal loan from Security Bank, one can be confident of facing any economically demanding situation.


    You’re probably eligible for an Security Bank Personal Loan if you are

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    Security Bank Personal Loan Minimum Age

    At least 21 years old

    Security Bank Personal Loan Maximum Age

    Less than 65 years old

    Security Bank Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    Security Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Security Bank Personal Loan amount eligibility is based on these factors

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    Security Bank Personal Loan Minimum Salary

    Minimum income required
    P15000 per month

    Security Bank Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is P1000000

    Security Bank Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligibility for Bank Personal Loan amount by these steps

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    Security Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Security Bank Personal Loan Tenure

    Choose longer tenure loan up to 3 years


    Documentation needed to apply for Security Bank Personal Loan

    • 1.ID proof (Driver’s License, Passport, SSS, PRC, etc.)
    • 2.Documentation for salaried applicants: (Anyone)
      • Latest pay slips (3 months) or Income Tax Returns with BIR or Bank Stamp (BIR Form 2316)
    • 3. Documentation for self Employed applicants:
      • Financial Statements (audited) for the last 3 years.
      • Photocopy of DTI registration or SEC

    Security Bank Personal Loan DetailsUpdated on 06 Dec 2016

    Security Bank Personal Loan Details
    Interest Rate 1.39% - 1.69% monthly add-on
    Tenure 1 - 3 years

    Highlights of Security Bank Personal Loan

    1. As low as 1.39% monthly add-on rates of interest.
    2. Flexible and availability of a large amount of loan starting from Php 30,000 up till Php 1,000,000.
    3. Loan tenors span over 12 to 36 months.

    Features of Security Bank Personal Loan

    1. Loan Amount: The sky's the limit here. Avail loan amounts to the tune of P30,000 to P1,000,000.
    2. Versatility: Use the personal loan amount as you deem fit. From undertaking a foreign trip to purchasing luxurious items, the choice is all yours!
    3. Flexible Tenure: Flexible payment terms ranging from 12, 18, 24, and 36 months.
    4. Comfortable Interest Rates: As low as 1.39% add-on interest rate.
    5. Hassle Free: Limited documentation and non-requirement of guarantors or collaterals.
    6. Easy Repayments: Paying back your Security Bank Personal Loan is very simple. The monthly instalments can be paid by post-dated checks, or salary deductions for salary loans.
    7. Customer Support: A dedicated bank officer will be in place to help you through and after the loan application process. Competent support with regards to your concerns and queries is just a phone call away.

    Interest Rates for Security Bank Personal Loan

    Term Monthly Add on Rate
    12 Months 1.39%
    18 Months 1.49%
    24 Months 1.59%
    36 Months 1.69%
    Fees and Charges
    One Time Setup
    Processing Fee Php2,000. This amount will be deducted from loan amount.
    Stamp Duty Php1 for every Php200 that is in excess of Php250,000 of the loan amount requested.
    Disbursement and miscellaneous Fee Notarial fee from Php 125 to Php 400 depending on the loan amount requested.
    Penalties
    Early Settlement of Loan Any unpaid interest plus 5% of remaining principal balance.
    Account Maintenance Fees None
    Late Payment Fees Php 500 or 3% of the amount due, whichever is higher.
    Other Details
    Minimum Loan Available Php30,000
    Maximum Loan Available Php1,000,000
    Approval Duration Up to 48 hours
    Interest Rates 1.39% add on rates per month
    Minimum Loan Tenor 1 year
    Maximum Loan Tenor 3 years

    Eligibility Criteria – Security Bank Personal Loan

    1. The applicant must be a resident Filipino.
    2. He/she must be at least 21 years old while applying and not more than 65 years upon loan maturity.
    3. The applicant must be working or residing in the bank’s earmarked service processing area.
    4. Must own a residential and office landline to establish address proof.
    5. He/she must be continuously employed for at least 1 year with a minimum gross monthly income of Php15,000 for Metro Manila citizens and Php12,000 for those residing in provincial areas.
    6. If the applicant is self-employed, he/she must be operating the mentioned profitable business for at least 2 years.

    Documentation Requirements for Security Bank Personal Loan

    During the application process, the following documents must be produced as a necessary prerequisite to avail the Security Bank Personal Loan. The specific documentation requirements will depend upon your status as an employed or self-employed applicant. A copy of the following documents must be submitted while applying for the loan:

    1. ID proof (Driver’s License, Passport, SSS, PRC, etc.)
    2. Latest pay slips (3 months) or Income Tax Returns with BIR or Bank Stamp (BIR Form 2316)
    3. Latest Income Tax Return (BIR Form 1700 / 1701)
    4. Financial Statements (audited) for the last 3 years.
    5. DTI Business Permit or SEC Registration.

    Why look elsewhere when a complete, transparent and quick personal loan option is just a click away? The Security Bank Personal Loan is a comprehensive product that aspires to match upto the people’s specific expectations and limitations, while providing them a ready source of money that shall alleviate the financial contingencies coming their way. Banking with Security Bank is just that, comprehensive security for your present and future.

    Other Products from Security Bank

    News About Security Bank Personal Loan

    • Security Bank Expects Higher Income in 2016

      SECURITY Bank Corp, the 6th largest lender in Philippines, expects to surpass its previous year’s net income of P7.7-billion in 2016. The bank recently entered into a strategic partnership with the biggest bank of Japan, Bank of Tokyo Mitsubishi UFG Ltd. This partnership is expected to yield good dividends for the bank. The president and chief executive of the bank, Alfonso Salcedo Jr., predicted based on early performance that the bank will be able to surpass its net income of 2015. However, he did not give an income guidance for 2016. In 2015, the net income of SECURITY Bank saw a record increase of 7 percent and its volume of loans increased by 24 percent.

      26th April 2016

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