Security Bank in the Philippines
Security Bank history The Security Bank (SB) was open on 1951 in Philippines. It was the first private banking institution in the financial services market controlled by Filipinos after 2nd world war. In the late 50s, the Security Bank was opening several branches in Manila with its head office in Makati. First among our banking […]
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Product Features
| Min. financing amount | ₱ 10000 |
| Max.financing amount | ₱ 1000000 |
| Min. loan tenure | 3 months |
| Max. loan tenure | 240 months |
Credit
Home loan
Refinance
Paying high interest rates with another bank? See how much you can save by switching to us!
| years | 1 | 3 | 5 |
| fixed rates APR | 6.25% | 6.75% | 7.75% |
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
Calculate loanCar loan
Available for OFW!
Brand New Auto Loan Rates
| months | 12 | 18 | 24 | 36 | 48 | 60 |
| rates APR | 6,77% | 9,74% | 14,38% | 21,51% | 29% | 37,63% |
Used Car Loan Rates: 1 year – 16.5% APR; 2 & above years – 17% APR
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: 1-3 banking days
Down payment: As low as 20% of purchase price
Personal loan
A loan for any purpose: Educational loan, Calamity loan, Emergency loan and others.
Interest rates: 3.3% per month (1-2 years); 3.14% per month (3 years);
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
Interest 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
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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.
FAQ
On average, initial approval of a Personal credit application can be done from 10 minutes to 1 day, depending on the bank. Final approval takes on average from 24 hours to 5 days. You just need to make sure your documents are completed when you submit them.
Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.
You do not require any collateral or guarantor to apply for a Personal loan.
No, you don’t need to report money spent. You can use the money for a variety of personal needs, such as training, hospitalization, car upgrades, and paying bills.
The longest loan period is 20 years.
Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.
There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.
No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.
Payment terms for Brand New cars – up to 60 months.
Payment terms for Used cars – up to 48 months.
Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.
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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Security Bank history
In the late 50s, the Security Bank was opening several branches in Manila with its head office in Makati. First among our banking colleagues, the Security Bank had large number of branches than others banks in the country.
In 60s, SB – the initial opening of a branch in Angeles to expand the reach of the entire country. Over the next 10 years, branches were opened in BGC, Davao, Antique, Cubao, Iloilo, Balibago, Alabang, Baguio, Cebu and other parts of Visayas.
In the 70s, he continued to expand, but already in the field of banking products by introducing Diners Club, franchise for issuing credit cards. Accordingly, the ATM network was deployed for a more convenient Customer’s service. The ATM network installed in all metro Manila branches and in BGC, Davao, Cubao, Iloilo, Balibago, Alabang, Baguio, Cebu and others.
In 1995, the Security Bank was registered on the Philippine stock exchange for the public offering of shares in Php 1.5 B. Swift pace of development that the SB set in 1995 continues today.
2011 – winner in the category ” Best Domestic Debt House in the Philippines»
2013 award “Best Domestic Bank”.
As of 2020, the Security Bank has subsidiaries: SB Cards Corporation owns the exclusive right to Diners Club; Capital Investment Corporation is engaged in brokerage and investment activities.
The advantages of the Security Bank and its credit products
Very convenient Customer’s service – you can send application for all loans online using the website securitybank.com.
Great deals can be found in promo actions:
- When you send application for Auto loan online, you can get a discount + free car insurance for 1 year.
- When you purchase a property from an Ayala Land partner using Housing loan, you automatically participate in the lottery. Prize – a trip for two in El Nido with the order of a private plane for air-swift.com.
- 0% installments up to 24 months when paying by Mastercard
- 200 pesos will receive new customers who opened eSecure Savings deposit. After opening a deposit of 5000 pesos, you are guaranteed to receive 200 pesos as a gift.
- Gift certificate 2000 pesos for all borrowers of a Personal loan of at least 100,000 pesos
However, loans from SB are among the most profitable and without promo actions and all credits can be pre-calculated using the calculator on the site, clients can apply without leaving home at any time.
Housing loan can not only be used to buy real estate, but also to refinance your existing loan for 20 years at 6.25% per annum!
You can buy a new car using Auto loan at just 6.77% per annum!
Personal loan without collateral up to 2,000,000 pesos at 1.89% per month and for a period of up to 3 years!
Salary Advance is available for employees of accredited companies. Salary Advance allows you to get cash within 1-2 hours at the request of the client. The loan amount debit automatically when funds are credited to the account.
SB provides 2 types of loans for entrepreneurs:
- Business Express with rates of 1.50% – 1.95% p.m., payment terms up to 3 years and a maximum amount of 5 000 000 pesos;
- Business Mortgage Loan with rates of 8% – 9.25% per year, payment terms up to 10 years and a maximum amount of up to 20 mln pesos.
All loans can be calculated using the calculator on the site.
Also if you already have a login on the website securitybank.com you can take out a credit without coming to the Bank’s office. At initial step you need to open a website and fill out an application form, within 24 hours you will receive a notification about the status of your application. If approved, the money will be credited to your account, and it does not matter if it is attached to a passbook or plastic card, the money will still be credited to the account without visiting the branch.
Security bank credit card methods of obtaining and benefits
Today, you don’t have to leave your home to pay with a credit card. SB offers to register your card on the site, and after that you could paying your purchases online. To do this, you first need to login to the site using your username, and then fill out the form.
After sending the application, you will receive a notification about the status of your application via SMS or email.
This is very convenient, because you are checking your spending, as well as rewards, points that Bank’s partners accrue you.
Gold circle card of the Security Bank
Having issued this card, you will receive the following privileges:
- Cash withdrawal from ATMs – NO Commission
- Free statements
- Loans at preferential interest rates
- Higher interest rates on term deposits
- Financial advices from our experts who regularly winning rewards
- VIP queue – dedicated band
- Complimentary Checkbook.
Investments & Trust Products
SB offers to start investing with 10 000 PHP! You can put your money in investments with different levels of risk:
- Fixed income from securities is one of the most stable investments despite the changing market situation.
- UITF is a Fund that is managed by experts to get you high returns. Trading stocks, bonds and securities on the stock market – these tools in the hands of professionals will lead to profit.
- SB Capital an investment banking division that provides equity underwriting, financial consulting, debt underwriting and syndication, and brokerage. A wide range of main products such as investment banking services that needs of clients.
All type of accounts Savings, Checking and others
SB is constantly improving the service, now one account is both savings and checking at the same time. It comes with a checkbook, passbook and everyday debit EMV Mastercard.
The main bonuses are an interest rate of 0.10% APR and free life insurance.
You can also open eSecure Savings with an interest rate from 0.5% to 1.3% depending on the amount, or Chinese Yuan Savings 0.10% per annum, which is convenient if you are OFW and receive a salary in yuan.
Fund Transfer and Bills Payment
At SB ATMs, you can make an interbank transfer from your card to any BancNet account. In addition, the SB does not charge a fee for these operations from debit card holders.
Really, transferring funds is simple:
- Enter your PIN code
- Select Transfer on the home screen
- Find the recipient organization
- Enter your account number
In addition, Security bank waives the IBFT ATM fee for SB debit card holders until further notice. This means that now you can transfer funds using the IBFT function, and no fees are charged.
Bills Payment has also become more convenient thanks to DigiBanker with a wide range of services: BIPPS, Utility E-Payment, PDC Manager, Autodebit Collections Manager and ADCM Plus. DigiBanker allows you to bill your customers, pay bills of your suppliers and government agencies. Real-time management of your company accounts today is available!
Security Bank Online (SBOL) Profile
Online banking is not only convenient, but also safe in light of the current situation. SB cardholders can register them on the Bank’s Internet portal and perform all card transactions via the website.
Security Bank Internet portal offers exclusive solutions for online banking:
- 100% paperless app
- Discount for processing credit products
- Online submission of documents.
In addition, Security Bank recommends that its investors register their trust account with SBOL. To share your account, you need to send a printed and signed copy of the SBOL form to the Bank’s office. After approval, you will be able to use your security code to log in to trust cabinet.
Applicant and Documentary Requirements
The requirements for the applicant vary depending on the loan product, but you can distinguish General requirements:
- Age 21 – 65
- Citizen Of The Philippines
- Must have residence landline /an office.
- Income not less than PHP 15,000 per month for employee
- For the self-employed at least 30000 PHP per month.
Security Bank – many branches in all cities
To find a branch of Security Bank “near me”, you can use Google or the bank’s website. More than 100 branches throughout the country make SB banking services affordable. In addition, thanks to the Internet portal, may not need an office “near me”. You can make all transactions on the site, and if there are difficulties, contact customer support If you need contact with head office in Makati, then you can easily find the phones of managers, toll free and a hotline on the site.
Users 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
