Borrow up to PHP2,000,000.00 with Security Bank Personal Loan This multi-purpose loan comes with low interest starting at 1.39% per month (add-on rate) and no collateral for easy and fast loan application process. Flexible payment terms range from 12, 18, 24, to 36 months.
eCompareMo lets you compare all the personal loan rates available on the market to help you find the best one for your needs.
You can also check out other Security Bank Loan products here.
Highlights
- Having problems getting personal loan since your annual salary is below PHP200,000? Then worry no more since Security Bank Personal Loan is here to offer personal loan of up to PHP2,000,000 at a really light term of up to 36 months! If you’re earning PHP180,000 annually, you can now apply for Security Bank Personal Loan from PHP30,000 to PHP2,000,000.
Overview
| Loan amount | ₱30,000 to ₱2,000,000 |
|---|---|
| Loan term | 12 to 36 months |
| Interest | 1.89% a month |
| Minimum annual income | ₱180,000 |
| Age | 21 to 65 years old |
| Work | Employed, Self-employed, Professional |
| Processing time | 5 to 7 banking days |
| Early repayment | Always allowed |
| Admin fee | PHP2,000.00 processing fee, plus stamp duty |
| Late payment | 3% of amount due or PHP500.00 whichever is higher |
| Collateral | NO |
| Requirements | Must have at least 1 landline number either in residence or place of work and a mobile number. |
Checking for more option online? You can other personal loan lenders in country below:
With CTBC Salary Stretch Loan, you can easily answer your urgent cash needs for any purpose. Avail of a personal loan from PHP20,000.00 to PHP1,000,000.00 with 1.39% interest rate per month. Available tenor range from 1 year up to 3 years, and the minimum monthly income requirement is PHP15,000.00.
With a low monthly income requirement of just PHP15,000, BDO Personal Loan offers one of the more attractive loan options in the market today. Borrow amount from PHP10,000 to PHP3,000,000 and enjoy low interest rates starting at 1.25% per month for the maximum loan tenure of 3 years.
Enjoy payment flexibility and fast approval time with Citi Personal Loan. Get to choose flexible payment terms from 12 to 60 months and borrow from PHP20,000 up to PHP2,000,000 with minimum interest rate of 15.12% per annum. Minimum income requirement of PHP20,000 per month, payable within 5 years.
Frequently asked questions
What are the required documents to apply for a Security Bank personal loan?
- Accomplished and signed original copy of the application form
Bring photocopies of the following*:
- Employed applicants must submit one (1) Government issued ID, three (3) specimen signatures, Income documents, any one (1) - most recent one (1) month payslip, most recent BIR Form 2316, or COE with income.
- Self-employed applicants must submit one (1) Government issued ID, two (2) years Audited Financial Statements with BIR stamp, SEC or DTI registration, latest General Information Sheet (GIS) if corporation, latest Business or Mayor’s permit, contact details of at least one (1) supplier and one (1) customer, most recent three (3) months bank statements and letter of Authorization to conduct bank verification.
What are the modes of payment?
- Borrower is required to have a personal checking account as payments are via Post Dated Checks.
What are the eligibility requirements for Security Bank personal loan application?
- Applicant must be at least 21 years old, and not more than 65 years old upon maturity of loan and a Filipino citizen with residence or office landline
If Employed:
- Must be regularly employed for at least one (1) year with a minimum gross monthly income of PHP15,000.00 for Metro Manila applicants and PHP12,000.00 for provincial applicants*
For Self-Employed
- With at least two (2) continuous year of profitable operations in the same line of business
- Minimum gross monthly income of PHP30,000.00 for Metro Manila applicants and PHP25,000.00 for provincial applicants.
How do I claim my Security Bank personal loan proceeds?
- Your loan proceeds will be released via Manager’s Check or Credit to Security Bank deposit account. Proceed to the Loan Availment Center in SBS Makati (3F, Security Bank Center, 6797 Ayala Avenue, Makati City) or via designated branch for select clients only. You may be required to bring additional documents.