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.

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.

Head Office

Credit

Home loan

Limited-time offer: 6.75% p.a. fixed for 5 years!
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 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 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: Up 36 months
Approval time: 3 – 4 banking days

Deposited

There are a large number of dipozitnyh services:

1) Universal bank account:

• Savings and current account in one
• Free life insurance
• EMV checkbook, bankbook and debit card

2) Easy Savings Account:

• Low balance support
• No intersectoral fees
• Comes with a Mastercard debit and ATM card

3) Accounts in foreign currency:

• High interest rates
• Low initial balance
• In USD and 8 other currencies

4) Long-term deposits:

• In pesos, USD and RMB
• Flexible accommodation conditions
• Competitive interest rates

5) Savings on construction:

• Up to 10 times higher interest rate
• No lockout period
• Up to 3 times a quarter
• Base Interest Rate 0.50% 1.00%

Credit Card

Credit cards do not have an annual fee for the 1st year, no fees for foreign transactions and give access to exclusive benefits.

Types of credit cards:

• Mastercard Classic Reward
• Mastercard Gold Reward
• Complete Cashback
• Fast track

Debet Card

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

Business loan

TERM OF CREDIT PAYMENT
12, 18, 24 or 36 months

MINIMUM CREDIT AMOUNT
PHP 1 000 000

MAXIMUM LOAN AMOUNT
PHP 5,000,000

No collateral required for loans up to P5,000,000
From processing to approval within 5 days
Loan income is automatically credited with the payment of funds.

Loan rates

Term Monthly
12 months 1.50%
18 months 1.60%
24 months 1.90%
36 months 1.95%

One-time commission Notary fee: PHP 2000
Notary fees for individual entrepreneurs PHP 400
Notary fees for PHP 800 Partnerships and Corporations
DST Approved loan amount / 200 * 1.50
Fine 3% overdue amount per month

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