Guide on Security Bank Cash Loan Offer Qualifications for Application
SECURITY BANK CASH LOAN – The loan offer from Security Bank provides a range of loan amounts, with a minimum and maximum limit.
Are you in search for a cash loan offer? The Security Bank is one of the entities extending the said type of offer. If you have a keen interest in exploring cash loan alternatives, Security Bank stands as one of the institutions that extend such opportunities, its loan offer is open for both employed and self-employed individuals.
Under the Security Bank Cash Loan offer, you can borrow at least P30,000 but not more than P2,000,000. The maximum loan term is 36 months.
To be eligible for the Security Bank Cash Loan offer, applicants must meet the specific requirements based on their employment status, whether they are employed or self-employed. The criteria for qualification are as follows:
| 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 |
Alongside the qualification criteria, Security Bank conducts document verification for loan applicants, necessitating the submission of specific documents. The following is a list of the required documents when 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
Apart from the cash loan offer, Security Bank extends a diverse range of loan options to the general public. To delve into the bank’s supplementary loan offerings, kindly visit – SECURITY BANK LOANS – Full List of Loan Offers by Security Bank.