Guide on Security Bank Auto Loan Requirements 2025 for Application Process
SECURITY BANK AUTO LOAN REQUIREMENTS 2025 – For partnerships and corporations who want to apply for the offer, here are the documents required in applying for the offer.
Undeniably, there are a lot of business types that require a service or vehicle for the business operation. The good news is that there are trusted entities that are ready to finance the purchase of cars for business use. In the Philippines, one of the banks with the said type of offer is the Security Bank.
Securty Bank is one of the trusted banks in the Philippines. It is operating in the country since 1951 and has various offers from bank accounts to loans to other financial products. If you are looking for a financing of a car purchase for your business, you may turn to the Auto Loan offer of the bank.
The Security Bank Auto Loan offer is open not only for the salaried and non-salaried individuals but as well as to partnerships and corporations. The loan offer is actually open to finance different purposes such as the following:
- acquisition of a brand new or pre-owned vehicle
- reimbursement of a brand new vehicle
- refinancing of a second-hand car/loan take-out
- purchase of a brand new car for business use
Do you want to apply for the loan offer as a partnersip or a corporation? Before checking on the Security Bank Auto Loan requirements for application, it is best to check the very short list of eligibilty requirements to qualify for the loan offer. There are just two (2) items that you or your business should meet:
- must be duly registered to operate as a legal entity in the Philippines
- the business must be in operation for at least three (3) years
In the case of businesses that has just started, here are the qualifications that the firm should meet to qualify for the loan application:
- start-ups or businesses operating for less than 3 years, co-makers / sureties are required
- must have strong business prospects/potentials based on evaluation
In the case of the Security Bank Auto Loan requirements for application, there is also a unique list of documents that partnership or corporation applicants should submit. Make sure to prepare and submit the following to the branch of the bank nearest to you:
- duly-accomplished and signed Security Bank Auto Loan Application Form
- valid Government-issued ID (with signature and photo) of borrower/spouse/co-borrower/co-maker/signatories ofthe loan
- dealer quotation
- Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR)
- Latest Audited Financial Statements/Statement of Assets and Liabilities/Statement of Income and Expenses
- Certificate of Business Registration with DTI (sole proprietorship) or SEC (partnership/corporation)
- Bank Statements or photocopy of Passbook for the last 3 months
- proof of Other Income (Certificate of Deposits, Stock/Bond Certificates, Lease Contracts, etc.)
Aside from the Auto Loan offer, the reputable banking entity also has the Security Bank Home Loan offer.