Security Bank Cash Loan: Minimum & Maximum Amounts You Can Borrow Under It

Security Bank Cash Loan – How Much You Can Borrow

SECURITY BANK CASH LOAN – Are you wondering how much are the minimum and maximum loanable amounts under this loan offer?

Banks are among the entities that you can turn to for cash loans. These are multi-purpose loan offers that you can use in making a huge purchase, getting your home renovated, financing a car repair, etc. However, truth be told that not all banks got this loan offer.

In the Philippines, one of the banks with this type of multi-purpose loan is Security Bank. It has several branches across the nation and is one of the banking firms that have earned the trust of many people.

The Security Bank Cash Loan offer is a low-interest multi-purpose loan offer. You can apply for it during emergencies or to fund certain purposes in line with education, travel, home improvements, lot downpayments, and car repair or purchase.

Security Bank Cash Loan
Photo Credit: Asian Banking & Finance

According to Security Bank, you can repay the loan up to 36 monthly installments. The minimum loan term is 12 monthly installments.

How much can you borrow under the Security Bank Cash Loan offer? Here are the minimum and maximum loanable amounts under it:

  • Minimum Loanable Amount – P30,000.00
  • Maximum Loanable Amount – P2,000,000.00

With regards to the interest rate, Security Bank boasts its loan offer with a 1.89% monthly add-on rate. The annual percentage rate (APR) starts at 39.53%. The estimated APR at 36 months, the maximum loan term, is 37.53%.

Do you want to apply for the said loan offer? There are documents or documentary requirements and, to check on them, feel free to visit – Requirements for Security Bank Cash Loan – Here’s List of Documents You Must Prepare.

How long will it take before the loan application result is out? According to Security Bank, it may take a maximum of five (5) days.

You may also visit – Security Bank Credit Cards – How To Check Online If You’re Qualified To Apply

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