Guide on How Much Is the Monthly Due for 50K Loan Under the Security Bank Loan
SECURITY BANK LOAN – Here is a guide on how much is the monthly due for a Php 50,000.00 loan under the personal loan offer of the bank.
There are really cases when we run out of cash no matter how hard we try to budget our expenses. Most of the time, it is because of the urgent matters to be paid for and emergency cases.
To prepare for such scenarios, it is best to know the entities that we can turn to for some financial assistance. Some of them are banks, lending companies, and government entities.
One of the banks that may help you is the Security Bank. It got several loans to offer depending on your purpose.
If you are in need of cash to pay for the utility bills, to travel, to make ends meet, etc., the Security Bank Loan (Personal) may be perfect for you. Who are eligible to apply for it?
If employed…
- a Filipino citizen
- between 21 to 65 years old but not more than 65 years old upon the loan maturity
- with office or residence landline number
- For employed…earning at least Php 15,000.00 monthly for Metro Manila employees
- earning at least Php 12,000.00 monthly for employees working outside Metro Manila
If self-employed…
- at least two (2) years of continuous profitable operation
- earning at least Php 30,000.00 for Metro Manila businessmen
- earning at least Php 25,000.00 for businessmen outside Metro Manila
How much will be the monthly due if you will borrow Php 50,000.00 under the said Security Bank loan?
According to Security Bank, the annual percentage rate (APR) is 29.48%. If you will choose a 12-month term, your monthly amortization will be at Php 5,110.00.
Do you want to know the minimum and the maximum loanable amounts under this 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.
READ ALSO: Security Bank Personal Loan – How To Apply For It Online