Security Bank Home Loan Requirements 2025 for OFW Applicants

Guide on Security Bank Home Loan Requirements 2025 for Application

SECURITY BANK HOME LOAN REQUIREMENTS 2025 – If you are an overseas Filipino worker (OFW) who wish to apply for the offer, here are the documents you must prepare and submit to the bank for the loan application.

Are you planning to get your family your own home soon? Even if you are abroad, there are reputable entities that can assist you in your goal in the Philippines. One of them is the Security Bank.

The Security Bank is one of the longest-operating banks in the Philippines. It is serving the Filipino people since 1951. It is the first Filipino-controlled bank after the World War II. It has several offers that encompass both personal and business finance products.

The Security Bank got different types of bank accounts, loans, credit cards, and investment products. With regards to its loan offers, one of the loans is the Security Bank Home Loan which is open for several purposes. It boasts its loan offer with a fast application process and other excellent features.

The Security Bank Home Loan offer is open not only for locally-employed and self-employed applicants but as well as OFWs. It is ready to finance any of the following purposes:

• real estate property acquisition
• house construction
• home renovation
• home loan take-out
• equity

Who are qualified to apply for the loan offer? There are only a few eligibility requirements set under the Security Bank Home Loan. You need to meet the following eligibility criteria to qualify:

• at least 21 years old upon the loan application
• not more than 65 years old upon loan maturity
• must have two years continuous contract

With regards to the documentary requirements in applying for the Security Bank Home Loan offer, OFW applicants should prepare and submit the following documents to the bank:

• duly-accomplished and signed Security Bank Home Loan Application Form
• clear copy of one (1) valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
  • Accepted Primary IDs:
    • Passport
    • Philippine Identification Card (PhilID/ePhilID)
    • UMID
    • Driver’s License
    • Voter’s ID
    • Postal ID (PVC Plastic Card)
    • GSIS e-Card
    • PRC ID
    • Person with Disability Identification Card
    • School ID
    • Senior Citizen Card
    • SSS Card
    • Integrated Bar of the Philippines Membership ID
    • Maritime Industry Authority (MARINA) ID
    • Alien Certificate of Registration Identity Card (ACR I-Card)
  • Accepted Secondary IDs:
    • Barangay certification
    • City health card/Health certificate card
    • Company ID
    • DSWD certification
    • GOCC ID (e.g. AFP ID, HDMF ID)
    • NBI clearance
    • OFW ID
    • OWWA ID
    • Pag-IBIG Loyalty Card
    • PhilHealth Insurance Card ng Bayan (Digitized/Paper-based)
    • Police clearance
    • Postal ID (Paper-based card)
    • Seaman’s book
    • Solo parent ID
    • Tax Identification Number (TIN)
• Mortgage Redemption Insurance (MRI) Application Form
• Proof of Billing/IDs with address
• PSA copy of CENOMAR if single; PSA copy of Marriage Certificate if married; PSA Copy of MC with nullity of Marriage and PSA CENOMAR if annulled/divorced; Marriage Certificate with annotation of finality of legal separation if separated with spouse; copy of Death Certificate of spouse and PSA CENOMAR if widowed
• Special Power of Attorney (SPA)
• Authorization Letter Template for Property Collateral Verification and Tax Mapping
• proof of income (any 2 of the following):
  • Payslip [latest three (3) months]; or Bank Statement [latest three (3) months]
  • Certificate of Employment with compensation [issued within the last six (6) months]
  • Latest crew contract (for seafarer/ seaman)
  • Latest employment contract (for land-based OFWs)
  • Allotment slip
  • Sea Service Certificate (for seafarer)

You also need to include the collateral requirements or the documents pertaining to the property. Prepare the following:

General Requirements:

• copy of collateral title (TCT/CTC)
• copy of tax declaration on land and/or improvement
• appraisal fee paid to SBC: OR Number
• tax map verification with one valid ID of the registered owner

Bring your documents to a branch of the Security Bank nearest to you and submit them to start the application process. Do you wish to also have your own car soon? You might like to check the Security Bank Auto Loan offer.