Who can apply for the Security Bank Personal Loan?
The official page lists the eligibility: at least 21 years old at application and no more than 65 at loan maturity; for employees, a minimum gross monthly income of ₱15,000 in Metro Manila or ₱12,000 outside it; for the self-employed and professionals, ownership of at least 40% of a business that has operated profitably for at least two years with a trade reference, and a gross monthly income of ₱100,000.
Meeting the criteria lets you apply; the bank evaluates the income documents and decides the amount, between ₱30,000 and ₱2,000,000, and the rate. Additional documents may be requested.
Requirements for the Security Bank Personal Loan
✔️ Age 21 or older at application and no older than 65 at loan maturity
✔️ Employees: gross monthly income of at least ₱15,000 in Metro Manila or ₱12,000 elsewhere
✔️ Self-employed: majority owner of a business profitable for two years, with a ₱100,000 monthly income
✔️ One valid government-issued photo ID
✔️ Income documents: latest one-month payslip or certificate of employment issued within the last six months; self-employed: latest audited financial statement and three months of bank statements
A tip for you!
Compare the 12-month and 36-month totals before choosing; with add-on interest the long term costs far more.
Budget for the processing fee, the notarial fee and the documentary stamps; they are charged on top of the interest.
Never pay a facilitation fee: Security Bank and SB Finance state that they never ask for one, and any such request is a scam.
What are the fees of the Security Bank Personal Loan?
Monthly add-on rate of 1.39% to 1.89% for 12 to 36 months, with an estimated APR of 37.53% at 36 months according to the official page (the catalog records 2% and 39.43% from an earlier version). Processing fee: ₱2,000, or 3% of the loanable amount depending on the version of the terms. Notarial fee: ₱100 for loans of ₱100,000 and up. Documentary stamps: ₱1.50 per ₱200 for loans of ₱250,000 and up. Late payment: 3% of the unpaid amortization.
How to apply for the Security Bank Personal Loan?
Open the Personal Loan page on the Security Bank website, click apply and fill out the form with your personal, employment and financial details. Attach scanned copies or photos of your ID and income documents and submit; the bank evaluates the application and gives a decision within about five working days.
Once approved, sign the loan documents and the proceeds are released to your account. Press the button to go to the official Security Bank page.
Kredua is not a bank, a lending company or a financial institution, and we do not grant credit. We review products offered in the Philippines so you can decide with more information; every application is made directly with the institution, which is the only one that evaluates and approves it.
