SECURITY BANK PERSONAL LOAN – How To Apply & Requirements To Prepare

Guide on How To Apply for the Security Bank Personal Loan & the Requirements Needed

SECURITY BANK PERSONAL LOAN – Here is a guide on how to apply for this offer of Security Bank Philippines and the requirements that applicants must prepare.

Nowadays, when you are faced with financial needs, you can turn to the offers of banks. There are lots of banks in the Philippines that got different loan offers for the public. Security Bank is one of them.

If you are looking for a multi-purpose loan offer, the Personal Loan is perfect for you. You may use to it to certain purposes including the following:

• funding a travel
• paying for the car repair
• paying for the home renovation
• coping with emergencies
• paying for educational fees
• paying for the utility bills

Apply for the Security Bank Personal Loan is simple. There are only a few steps that you must take to apply and a short list of requirements or documents to prepare.

How To Apply for Security Bank Personal Loan & Requirements to Prepare

Step 1 – Check on the eligibility qualifications.

Security Bank has set a list of qualifications in applying for the said loan offer. The applicant must be:

• a Filipino citizen
• having an office or residence landline
• earning at least Php 15,000.00 per month for Metro Manila employees and Php 12,000.00 per month for those working outside Metro Manila (For Employed Applicants)
• in a business that is profitable for at least two(2) years up to the present (For Self-Employed Applicants)
  • For Metro Manila – Php 30,000.00
  • For Outside Metro Manila – Php 25,000.00

Step 2 – Gather the requirements.

Aside from the application form which can be obtained from the bank, there are requirements that applicants must comply depending on his or her employed status. Here is a list of the documents that are required to be submitted:

For Employed:

• One (1) valid government-issued photo ID
• Income Documents, any of the following:
  • Certificate of Employment and Compensation – issued within the last six (6) months
  • Latest ITR
  • Latest one (1) month payslip

For Self-Employed:

• One (1) valid government-issued photo ID
• Previous Year Audited Financial Statement
• SEC Registration / DTI Certificate
• Business Permit / Mayor’s Permit
• Latest three (3) months bank statements
• Latest GIS (if corporation)

Step 3 – Submit the requirements and application form.

Provide the necessary information asked in the loan application form. Go to Security Bank with your requirements and submit them to the bank officer. Have them evaluated.

The bank will have to check on the applicant’s capacity for the loan. It will notify the applicant regarding the status of the loan application as soon as the result is out.

Do you want to know how much you can borrow under the said loan offer? You may visit – SECURITY BANK PERSONAL LOAN: Minimum & Maximum Loanable Amounts.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

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