Requirements for Security Bank Auto Loan Offer for Self-Employed Applicants

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Guide on Requirements for Security Bank Auto Loan Offer Application for Self-Employed Applicants

REQUIREMENTS FOR SECURITY BANK AUTO LOAN SELF-EMPLOYED – Here are the documents that you need to prepare in applying for car loan.

If you are a self-employed person or an individual running a business and you want to apply for a car loan, Security Bank is one of the entities that you may turn to. You can check on the details of the loan below.

Requirements for Security Bank Auto Loan

The Security Bank Auto Loan offer is open for several purposes. You may apply for the loan offer for the financing of any of the following:

  • acquisition of brand new or pre-owned car for personal use
  • refinancing of a car loan take-out
  • reimbursement of the purchase of a brand new vehicle
  • purchase of a brand new car for business use such as the following:
    • car rental services
    • transport services
      • taxi
      • Grab
      • UV Express
      • school service
      • company use or employee service
    • cargo
      • trucks

With regards to the requirements for Security Bank Auto Loan offer for applicants who are self-employed, there are basic requirements as well as specific documents that must be submitted as proof of income.

Lists of Requirements for Security Bank Auto Loan Offer

Basic Requirements:

  • duly-accomplished and signed Security Bank Auto Loan Application Form
  • valid government-issued ID of borrower, spouse (if the borrower is married), co-borrower, co-maker, and other signatories of the loan
    • the ID should bear the photo and signature of the owner

Proof of Income

  • latest Audited Financial Statements / Statement of Assets and Liabilities / Statement of Income and Expenses
  • Banks Statements or photocopy of passbook for the last three (3) months
  • latest Income Tax Return (ITR) or Bureau of Internal Revenue (BIR) Form 2316 duly stamped by the tax agency
  • Certificate of Business Registration with the Department of Trade and Industry (DTI) or the Securities and Exchange Commission (SEC)
  • proof of other income like the following:
    • Certificate of Deposits
    • Bond Certificate
    • Lease Contracts

To apply, go to a branch of Security Bank and submit your documents. You might also be interested to check on the other loan offers of the bank. Feel free to visit – SECURITY BANK LOANS – Full List of Loan Offers by Security Bank.

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