Interest rate (p.a.)
16.68% - 20.28% |
Loan Tenure
1 - 3 years |
Approval Duration
Up to 3-5 banking days |
Min. monthly income
₱30,000 |
| Min. financing amount | ₱30,000.00 |
| Max.financing amount | Up to ₱2,000,000.00 |
| Min. loan tenure | 1 year |
| Max. loan tenure | 3 years |
| Interest rate | As low as a 1.39% monthly add-on interest rate |
| Approval duration | Up to 3-5 banking days |
| Debt consolidation | No |
| One time set up | |
|---|---|
| Processing fee | ₱2,000.00.00 to be deducted from loan amount upon loan booking |
| Stamp duty | ₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount |
| Disbursement & misc. fee | Notarial fee from ₱125.00 to ₱400.00 depending on the loan amount |
| Penalties | |
|---|---|
| Early settlement | 5% of remaining principal balance plus any unpaid interest |
| Late payment charges | 3% of the amount due or ₱500.00 whichever is higher |
| Age requirement | Age 21 - 65 |
| Employment eligibility | At least ₱15,000.00 monthly income for Metro Manila applicants and ₱20,000.00 for provincial applicants |
| Min. salary requirement | ₱15,000 gross per month |
| Guarantor / Collateral requirement | No |
| Need to open linked banked account? | Yes |
| Other details | Method of Payment - Post-dated checks , Over the counter, Auto debit to SB account |
As one of the leading universal banks in the Philippines, Security Bank prides itself on being the first private and Filipino-owned bank after the second world war. Applying a customer-centric approach to their business, their priority is providing personalized solutions that will fit the specific needs of their clientele. Engrained with a customer-first mindset, they offer a wide range of products and services that includes financing and leasing, investment banking, foreign exchange, and stock brokerage, as well as asset management via their subsidiaries. With a desire to assist in their customer’s financial growth, Security Bank Personal Loan is positioned as a multi-purpose, low-interest loan option that can cater to the financial requirements a customer may have. You can borrow from as low as ₱30,000 up to ₱2,000,000 with flexible payment terms starting from 12 months up to 3 years. Loan approval is relatively quick and usually takes place within 5 days. The Annual Percentage Rate starts at 29.48% with a low monthly add-on rate of just 1.89%. To be eligible, you need to have a minimum gross monthly income of ₱15,000 for Metro Manila residents and ₱12,000 for those living outside of Metro Manila.
Advantages Of Applying With Security Bank Personal Loan
You can go through the product information and eligibility criteria to help you decide if this product fits your requirements.
With a Security Bank Personal Loan, borrow as much as ₱2,000,000, subject to approval.
An applicant must fulfill Security Bank’s eligibility criteria for a loan:
If employed:An SB FINANCE representative contact you via phone call on the result of your application. Alternatively, you can contact SBC's customer service at 02-88879188 to check your application status.
You will be required to open a Security Bank account upon approval of your loan, and the funds will be disbursed there.
You pay for the loan through your online account with Security Bank. It will automatically be debited on your due date, so it's highly advised that you deposit enough funds into that account before the due date.
With a mantra that places its customers as their top priority, you can be confident that the financial inquiries and assistance you need will be addressed with utmost concern and dedication. Borrow the right amount you need for whatever purpose without any collateral or guarantor needed. Having competitive rates and a quick application process, rest assured that you will receive the necessary funds when you need it most. Repayment is not to worry about, with flexible payment terms to select from that will fit your budgeting schedule. If these are the qualities that you are looking for in a personal loan product, then Security Bank Personal Loan should be the right fit for your needs.