Lists of Security Bank Home Loan Requirements for Application
SECURITY BANK HOME LOAN REQUIREMENTS – Here are the documents required in applying for the loan offer of Security Bank based on the employment status.
Are you looking for a bank where you may apply for a loan that can finance your goal to achieve your own residential property? In the Philippines, one of the banks that you may turn to is Security Bank.
The Security Bank is in the service of the Filipino people for decades already since 1951. It was the first private and Filipino-controlled bank after World War II. It has grown to become one of the biggest and most trusted banks in the country that it is now.
The offers of the Security Bank includes both personal and business offers as well as wealth-growing services. Under the personal category, aside from the Security Bank Personal Cash Loan, the bank also has the Home Loan offer.
The Home Loan offer of the bank is open to finance the building, purchase, renovation, and refinancing of a residential property purchase. It was designed for individuals who are 21 years old and above at the time of the loan application and earning a household income of at least Php 50,000 per month.
Furthermore, the loan applicant must be gainfully employed or self-employed and not older than 60 years old at the time of the loan maturity. The Security Bank Home Loan requirements for application depends whether you are locally-employed, self-employed, or an overseas Filipino worker (OFW:
For Locally-Employed Loan Applicants…
- duly-accomplished and signed Security Bank Loan Application Form
- clear copy of one (1) valid ID
- any of the following income documents (latest copy):
- Certificate of Employment and Compensation
- Income Tax Return
- 3 Months Payslips
- 3 Months Bank Statements
- Mortgage Redemption Insurance (MRI) Application Form
For Self-Employed Loan Applicants:
- duly-accomplished and signed Security Bank Loan Application Form
- clear copy of one (1) valid ID
- any of the following income documents (latest copy):
- Audited Financial Statement
- latest 3 months Bank Statement
- Lease/Rental Contracts
- Mortgage Redemption Insurance (MRI) Application Form
For overseas Filipino workers (OFWs):
- duly-accomplished and signed Security Bank Loan Application Form
- clear copy of one (1) valid ID
- any of the following income documents (latest copy):
- Certificate of Employment with Compensation
- Latest Crew Contract
- Latest Employment Contract
- Allotment Slip
- Latest 3 Months Payslip OR Bank Statement for the past 3 months
- any two of the following for OFWs hired directly abroad:
- Mortgage Redemption Insurance (MRI) Application Form
- Consularized Special Power of Attorney if with attorney in fact
- copy of Collateral Title
- copy of Tax Declaration on Land and/or improvement
- Appraisal Fee paid to SBC: OR Number
Before applying for the loan offer, it is best to be aware of the fees and charges implemented under the Security Bank Home Loan offer.
