Guide on How Much You Can Borrow Under the Security Bank Car Loan Offer
SECURITY BANK CAR LOAN – Here is a guide on how much you can borrow under the auto loan offer of Security Bank Philippines.
The benefits of having your own car are really good. You can plan out things to avoid traffic and get to your destination at the target time. That is why most people choose to apply for an auto loan to get their dream cars and enjoy its benefits while paying for it in installment.
One of the banks in the Philippines that have car loans is the Security Bank. It is open for any of the following purposes:
- Purchase of a brand new car
- Purchase of a pre-owned vehicle
- Refinancing of a second-hand car
- Purchase of a brand new car for business purposes
Do you wonder how much you can borrow under the Security Bank Auto Loan offer? The loanable amount may have something to do with the type of car you wanted to purchase – a brand new or a pre-owned one.
- Maximum Loanable Amounts
- Brand New Car – Up to 80% of the purchase price
- Pre-Owned Car – Up to 70% of the purchase price
According to the bank, you may pay for the Security Bank Auto Loan for up to sixty(60) months for brand new vehicles and forty-eight(48) months for second-hand ones. The downpayment is equivalent to 20% of the purchase price.
Do you want to apply for the said loan offer? The bank has provided different lists of requirements depending on the employment status of the applicant. You may visit its official website to check on what you must prepare – https://www.securitybank.com/personal/loans/auto-loan-car-loan/.
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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