Product Review of Security Bank Car Loan

Public Notice – Disclaimer:We currently do not partner with Security Bank and details about Security Bank herein are solely for information purposes only. For other loan provider alternatives, check out below. For partnership concerns,click here.

If you are looking specifically for Security Bank Car Loan, please visit their website at or contact them at88-791-88.Thank you.

Committed to its “You Deserve Better” company motto, Security Bank understands that owning a car isn’t merely a luxury for many people but also a necessity. With the heavy traffic, having a car gives an assurance that one’s daily commute is convenient, fast and easy.

Through its Security Bank Car Loan options, the Bank offers funding for the purchase of new or second-hand vehicles. Loan details vary, though, especially the tenure and interest rate.

You’re qualified to get a Security Bank Car Loan if:
  • You’re between 21 to 65 years old
  • You’re a regular employee earning more or at least the suggested minimum gross monthly income the bank specifies
  • You have a profitable business that has been operating for at least 3 years
  • You’re a Filipino citizen by birth or by legalization as an immigrant.

If you think you’re eligible to get a loan, here are the requirements to prepare for processing:

  • Application form, duly filled up and signed
  • Latest ITR
  • Photocopies of valid, government issued IDs (e.g., SSS ID, PRC ID, Drivers License, Passport)
  • For employed applicants:
    • Latest ITR (Photocopy)
    • Latest full-month payslip (Photocopy)
  • For self-employed applicants:
    • SEC or DTI Registration (Photocopy)
    • the past year’s Audited Financial Statement
    • 3 month’s worth of bank statements

These are just the basic requirements bank authorities usually ask for upon application. However, they may request additional papers showing your streams of income. The bank may also demand other documents (e.g., credit history and collateral documents) specific to the type of loan you’re applying for.

Loan Features

Security Bank car loan shows off the Bank’s new take on consumer lending and car purchase financing, taking into consideration the target client’s needs – great customer service, reasonable rate and convenient payment methods.

Interest Ratestarts at 4.79%
 Tenure12 to 60 months
 Payment OptionsAuto-debit from an existing account or via post-dated checks
Loanable Amountup to 80% of the car’s purchase price
Down Payment20% of the car’s purchase price
Maximum vehicle age supported for second-hand car11 years
Approval Time1 banking day upon receipt of application requirements and form

For more information contact the  Branch nearest you or call88-791-88. You can also visit their website at

Explore more alternatives at Loansolutions PH

Security Bank’s auto loan offer is one of the country’s most sought-after car financing solutions. That’s because it marries the three basic considerations when getting this type of product – percentage of the loaned about relative to the car’s price, payment methods and down payment. But if you’re up to more alternatives, you better contact our consultants here Our company is the country’s largest lending network offering the most comprehensive support and guide to clients. We have a3-Step Online Application you can fill up to discover what other lenders have to offer. We’re committed to guide our clients before getting a loan, making sure they’ll make informed decisions they won’t regret in the future.