SECURITY BANK PERSONAL LOAN

FREQUENTLY ASKED QUESTIONS

1. Where I can get and submit loan application?
You can get an application via the following:
a. Via the website:
Download the application form.
Scan the completely filled out application form and required documents and email
b. Via Branch
Secure a Personal Loan Application form from any Security Bank Branch.
Completely Fill out the application form and attach the required documents.
Submit the application form and complete documents to any Security Bank Branch.
2. How much is the amount I can loan?
Minimum amount that you can avail is Php 30,000.00 and maximum is Php 1,000,000.00.
Note: Final loan amount will depend upon your capacity to pay.
3. For how many months/terms I can pay the loan?
You have option to pay the loan amount for: 12, 18, 24 and 36 months
4. How much is the interest rate?
Standard interest rates are as follows:

5. What are the fees and charges?

Processing Fee of Php2,000.00, to be deducted from loan amount upon loan booking.
Documentary Stamps of Php 1.00 for every Php 200.00, for loans exceeding Php 250,000.00
Example: Loan amount is P251,000.00 / 200 = Php 1255
Notarial Fee for loans more than P100K are:
100,000.01 to 500,000.00 - P125.00
500,000.01 to 1M P150.00
over 1M to 3M - P175.00
over 3M to 4M - P225.00
over 4M to 5M - P300.00
Amount over 5M - P400.00
Late Payment Fee is 3% of the amount due or PHP500 whichever is higher.
Pre-termination Processing Fee of 5% of remaining principal balance plus any unpaid interest.
6. How will I know if my loan is approved?
Security Bank will contact you to advise you of your loan approval, plus schedule your loan
availment.

 You can also call our Customer Service Hotline at 88-791-77 to inquire status of loan.
7. How will I get my loan proceeds?
Proceeds can be released via Managers Check or via Credit to SBC deposit account.
Client needs to proceed to the Loan Availment Center at CBLG Office at 6797 Ayala Avenue,
Makati City or via designated branch for select clients only.
Client should bring any additional requirements for booking.
8. What is my mode of payment?
You will receive a post-dated check.
9. Can I pre-terminate my loan?
Yes, you can preterminate the loan but there will be a processing fee equivalent to 5% of
remaining principal balance plus unpaid interest that shall be applied to your account.
10. Can I re-avail loan?
You can re-avail your personal loan as long as you have already paid at least half of your original
loan term, and there has been no record of missed payments.
Example: Original loan term is for 12 months and you have already paid your amortizations for 6
months already, you can apply for re-availment. Upon booking, your previous loan balance will
be deducted from the proceeds of your new loan.
11. Can I avail of two personal loans at the same time?
Borrower cannot avail two loans at the same time. Existing loan must be paid off first before
they can apply another loan.