Guide on Security Bank Cash Loan Offer Qualifications for Application
SECURITY BANK CASH LOAN – Provided below are details about the qualifications set by the bank under this loan offer.
The Security Bank is one of the entities with cash loan offers. If you want to check if you are qualified to apply for its loan offer and if there are documents that you need to prepare, you will see them below.
The qualifications in applying for the Security Bank Cash Loan offer differ among employed and self-employed individuals. To be eligible to apply for the loan offer, the borrower must be:
| If Employed | If Self-Employed |
| a Filipino Citizen | a Filipino Citizen |
| at least 21 years old upon the loan application but not more than 65 years old upon the end of the loan term | at least 21 years old upon the loan application but not more than 65 years old upon the end of the loan term |
| having an office or residence landline | having an office or residence landline |
| earning at least P15,000 gross monthly income if working within Metro Manila | earning at least P100,000 gross monthly income |
| earning at least P12,000 gross monthly income if working outside Metro Manila | a majority stake of at least 40% in the business, along with a minimum of 2 years of profitable operation and at least 1 trade reference |
Aside from the qualifications, Security Bank checks on some documents of the applicant thus it requires specific documents for submission. The following are the documentary requirements in applying for the loan offer:
For employed applicants:
- duly-accomplished and signed Security Bank Loan Application Form
- One (1) valid government-issued photo ID
- Income Documents, any of the following:
- Certificate of Employment and Compensation
- issued within the last six (6) months
- Latest ITR
- Latest one (1) month payslip
For self-employed applicants:
- duly-accomplished and signed Security Bank Loan Application Form
- One (1) valid government-issued photo ID
- Latest 1-year Audited Financial Statement (AFS) with at least the previous year’s comparative financials
- SEC Registration / DTI Certificate
- Business Permit / Mayor’s Permit
- Latest three (3) months bank statements
- Latest GIS (if corporation)
- List of 3 trade references (at least 1 supplier and 1 customer) with contact details
Do you want to check how much is allowed for loan under the offer? You may visit – Security Bank Salary Loan: Minimum & Maximum Loanable Amounts You Can Borrow..