Guide on the Required Income Under Security Bank Car Loan
SECURITY BANK CAR LOAN – Here is a guide on how much is the required income in applying for this Security Bank loan offer.
Are you one of those people who plan to buy a car soon? You don’t have to wait for years so you can save for a car purchase. There are now a lot of options that can assist you.
Several banks, lending companies, and entities are offering car loans to the public. These offers come with excellent features like low interest rates and wide acceptability of vehicles.
One of those offers with flexible options is Security Bank. It is open not only for brand new cars but as well as for second hand ones.
Also, the car loan offer of the bank serves other purposes apart from buying a vehicle. You may apply for it to reimburse the purchase of a brand new car or refinance an existing loan of second-hand car.
In applying for Security Bank Car Loan, the bank has set a required income depending on the type of vehicle to be purchased – whether brand new or second-hand. Here are the income limits set by the bank:
- Brand New Car – at least Php 40,000.00 joint monthly income with spouse
- Second Hand Car – at least Php 20,000.00 joint monthly income with spouse
Aside from the required income, the bank has set other eligibility qualifications in applying for the loan. To check if you are eligible to apply for it and how much you can borrow, you may visit – Security Bank Car Loan – Who May Apply For This Loan Offer.
The application for this loan offer can be done online. Feel free to visit the official website of Security Bank.
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