Security Bank
About Security Bank
Security Bank opened in 1951 as a privately owned, Filipino-controlled bank. It later expanded outside Manila and developed into a universal bank serving individuals and businesses.
Company background
Home Loan · 1-year fixing
The published rate table lists 7.25% for a one-year fixing period. The minimum loan is ₱1 million and minimum combined gross monthly income is ₱50,000. Terms run up to 20 years.
Minimum requirements
- Age 21–65 at maturity. COMBINED monthly income ₱50,000.
- Two continuous years employed or three years legitimate, profitable business.
Documents
- Signed application and government photo ID. Employees: employment certificate, ITR, three months payslips OR bank statements. Commission income needs longer records.
Repayment and costs
- Combined borrower income: ₱50,000/month, personal salary alone is not the published test.
- The payment shown applies at the starting rate. Later repayments can change. Appraisal, insurance, registration, taxes and other bank charges are excluded. The website’s calculator text mentions 7%, this draft uses its current rate table.
Car Loan
Security Bank lists car finance alongside its home and personal loan channels. Compare the exact vehicle and insurance package.
Who can apply
Open application
Business Express Loan
Business financing for short-term needs. Business records and repayment capacity affect the available offer.
Who can apply
Business assessment
Big Bike Loan · 400cc+
For selected big-bike brands with engines of at least 400cc and a cash price of at least ₱300,000.
Minimum requirements
- Selected 400cc+ bike priced at ₱300,000 or more; 30% down payment.
- Available to valued depositors and GRC through branch or online channels.
Documents
- Government ID, dealer quotation and employment or business income documents.
Repayment and costs
- Big-bike pricing varies by term and whether one monthly payment is advanced. This product is outside a ₱90,000–₱200,000 motorcycle purchase budget.
If you cannot repay on time
Contact Security Bank before the payment date with your loan reference, the reason for the shortfall and a realistic payment proposal. Ask which assistance options apply to your account and request the revised dates, charges and total payable in writing. Continue using the agreed schedule until the company confirms a change.
Repayment help