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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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
Key Features
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 |
| customercare@securitybank.com.ph. | |
| Social networks |
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User rating
Reviews
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