Security Bank Philippines

The Security Bank Corporation is a universal bank in the Philippines. It was founded on June 18, 1951 as a Security Bank and Trust Company and was the first privately owned and controlled Filipino bank in the period after World War II. The security bank was publicly listed on the Philippine Stock Exchange in 1995. […]

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Security Bank Philippines https://upfinance.com/app/uploads/2019/07/1622692_667047773358444_860517814_n.png
6776 Ayala Avenue, Makati City
632 88-791-88 88-791-88 - Main office, customercare@securitybank.com.ph.
Interest rate 0.56% - 3.13%
Loan tenure from 3 to 240 months
Approval duration Up to 120 hours
Min. monthly income

The Security Bank Corporation is a universal bank in the Philippines. It was founded on June 18, 1951 as a Security Bank and Trust Company and was the first privately owned and controlled Filipino bank in the period after World War II. The security bank was publicly listed on the Philippine Stock Exchange in 1995.
The Security Bank was publicly listed on the Philippine Stock Exchange (PSE: SECB) in 1995. Over the years, the Bank has reasonably managed to remain one of the most stable in the banking sector. The main activities of the company are retail, commercial and corporate banking, as well as financial markets. It offers a wide range of services, including financing and leasing, foreign exchange and equity brokerage, investment banking and asset management through its subsidiaries.
In 2014, Security Bank launched a re-branding campaign called “BetterBanking” in order to further enhance the market value of the retail banking business, complementing the wholesale banking business.
In 2016, they continued this campaign with “BetterBanking Stories”, in which well-known bank customers took part. In January 2016, the Tokyo-Mitsubishi Bank UFJ, the largest bank in Japan, acquired a 20% minority share in Security Bank for a transaction in the amount of 36.9 billion pesos.

Leading

Alberto Villarosa (Chairman) Alfonso L. Salcedo Jr. (President and CEO)

Shareholders

A 20% minority share in the Security Bank is attributed to the Tokyo-Mitsubishi Bank UFJ. The remaining shares are owned by the founders of the bank.

Product Features

Min. financing amount ₱ 100000
Max.financing amount ₱ 1000000
Min. loan tenure 3 months
Max. loan tenure 240 months

Credit

Home loan

Rates: 1 year 7.00% 3 years 7.50% 5 years 6.75%
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 20 years
Total gross monthly income (minimum): 50 000 PHP
Approval time: 5- 21 banking days

Car loan

Rates: 1 year – 6.77% 18 months – 9.74% 2 years – 14.38% 3 years – 21.51% 4 years – 29.04% 5 years – 37.63%
Loan amount:
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Payment terms:
Brand New: 12 to 60 months
Second hand: 12 to 48 months
Maximum car age: For second hand, the age of vehicle + loan tenor should not exceed 11 years
Approval time: 1 banking day
Down payment: As low as 20% of purchase price

Personal loan

Rates: 1.89% per month, 29,48% APR
Minimum loan amount: 30 000 PHP
Maximum loan amount: 2 000 000 PHP
Payment terms: Up to 36 months
Approval time: within 5 banking days

Corporate Salary loan

Rates: 0.99% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: From 4 days to 3 months
Approval time: 3 – 4 banking days

Borrower requirements

Eligibility:
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
Сitizenship:
– Must be a Filipino Citizen
– Must have an office or residence landline
If Employed:
– Minimum gross monthly income for Metro Manila – 15 000 PHP
– For outside Metro Manila – 12 000 PHP
If Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income for Metro Manila – 30 000 PHP
– For outside Metro Manila – 25 000 PHP

Business loan

SME Business express loan

Rates: 1 year 1,4% per month; 18 months 1.5% per month; 2 years 1.8% per month; 3 years 1.85% per month
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 3 years
Processing fee: 3 000 PHP
Approval time: 5 banking days

Franchise loan

Rates: 1 year 1,4% per month; 18 months 1.5% per month; 2 years 1.8% per month; 3 years 1.85% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 3 years
Processing fee: 2 000 PHP
Approval time: 5 banking days

Mr. Softy ice cream franchise package

Rates: 1 year 1,2% per month; 18 months 1.3% per month; 2 years 1.6% per month; 3 years 1.65% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 3 years
Processing fee: 2 000 PHP
Approval time: 5 banking days

LivingWater franchise package

Rates: 1 year 1,2% per month; 18 months 1.3% per month; 2 years 1.6% per month; 3 years 1.65% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 3 years
Processing fee: 2 000 PHP
Approval time: 5 banking days

Farmacia ni Dok Franchise Packages

Rates: 1 year 1,2% per month; 18 months 1.3% per month; 2 years 1.6% per month; 3 years 1.65% per month
Minimum loan amount: 500 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 3 years
Processing fee: 2 000 PHP
Approval time: 5 banking days

Eligibility requirements

Eligibility: 
Duly registered to operate as a business in the Philippines;
Must have been operating for at least 3 years, and profitable for the latest 1 year;
Must have no outstanding debt that exceeds 40% the company’s monthly income;
Each franchise loan must be tied to the business’ primary owner; for partnerships/corporations, this means:
Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking
If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan

Deposited

Vista Land Peso Corporate Bond


Earn at a gross rate of 5.6992% p.a for a 5.5 year plan.

Key Features


Issuer Vista Land and Lifescapes Inc.

Tenor 5.5 years

Gross Rate 5.6992% p.a

Redemption Price At par (or 100% of face value)

Interest Rate Prevailing Market Rate (Subject to 20% final withholding tax except for tax-exempt institutions)

Interest Payment Quarterly ( in arrears)

Minimum Investment Php 50,000 with increments of Php 10,000 thereafter

Offer Period Ongoing, until March 18, 2020

Peso time deposit

Range 1 Month 2 Months 3 Months 6 Months 12 Months 2 Years 3 Years 4 Years
100 000 PHP to 299 999 PHP 1,7% 1,8% 1,9% 2% 2,1% 2,4% 2,6% 2,8%
300 000 PHP to 999 999 PHP 1,7% 1,8% 1,9% 2% 2,1% 2,4% 2,6% 2,8%
1 000 000 PHP to 2 999 999 PHP 1,9% 2% 2,1% 2,2% 2,3% 2,6% 2,8% 3%
3 000 000 PHP and up 1,9% 2% 2,1% 2,2% 2,3% 2,6% 2,8% 3%

Dollar (USD) Time Deposit

Range 1 Month 2 Months 3 Months 6 Months 12 Months 2 Years 3 Years 4 Years 5 Years 7 Years
$1 000 – $4 999 0,8% 0,9% 1% 1,2% 1,5% 1,475% 1,575% 1,775% 1,875% 2,075%
$5 000 – $9 999 1,05% 1,15% 1,25% 1,45% 1,75% 1,725% 1,825% 2,025% 2,125% 2,325%
$10 000 – $49 999 1,175% 1,275% 1,375% 1,575% 1,875% 1,875% 1,95% 2,15% 2,25% 2,45%
$30 000 – $99 999 1,3% 1,4% 1,5% 1,7% 2% 1,975% 2,075% 2,275% 2,375% 2,575%

Credit Card

Classic Rewards Mastercard

Minimum gross annual income: Php 360,000
1 Rewards Point P20 for each use of your card
Maximum cap Php 1,000 monthly
Minimum amount Cash Advance: Php 500.00
Annual Membership Fee Primary Php 2,000
Annual Membership Fee Supplementary Php 1,000
Interest rate 3.5% per month
Late Payment Fee Php 600 or 6% of the minimum amount due, whichever is lower
Cash Advance Fee Php 500 or 5% of the cash advance amount per transaction, whichever is higher

Gold Rewards Mastercard

Minimum gross annual income: Php 360,000
1 Rewards Point P20 for each use of your card
Maximum cap Php 1,000 monthly
Minimum amount Cash Advance: Php 500.00
Annual Membership Fee Primary Php 2,500
Annual Membership Fee Supplementary Php 1,500
Interest rate 3.5% per month
Late Payment Fee Php 600 or 6% of the minimum amount due, whichever is lower
Cash Advance Fee Php 500 or 5% of the cash advance amount per transaction, whichever is higher

Complete Cashback Mastercard

On Groceries 5%
On Gas 4%
On Utilities 3%
On Dining 2%
On Shopping 1%
Annual Membership Fee Primary P3,000
Annual Membership Fee Supplementary P1,500
Interest rate 3.5% per month
Late Payment Fee P600 or 6% of the minimum amount due, whichever is lower
Cash Advance Fee P500 or 5% of the cash advance amount per transaction, whichever is higher1
Over the Counter Cash Advance Fee P500 per transaction

Debet Card

Debit cards are distributed in full, cashback stocks, student variations and more. Only Mastercard cards are served.

Loan Installment

Issued as part of requests from trusted clients

The program itself is called a salary advance.
With proper trust of the bank to the client, it allows you to receive a salary in advance if there is an urgent need.

Contacts

Full company name Security Bank Philippines
Address 6776 Ayala Avenue, Makati City
Phone number 632 88-791-88 88-791-88 - Main office
E-mail customercare@securitybank.com.ph.
Social networks

User rating

Reviews

8 months ago

It is fine by me

Loan process was not as smooth as I expected but once I got through the hurdles it was easy. but if you see over all it is really very good