Loanable Amount
P10,000 - P1 Million
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Description
Salary Loan Program gives employees of accredited companies access to loans with convenient and affordable payment terms. Payment/ monthly amortization is through salary deduction. These loans can be used for:
Health and Wellness
Education
Family Vacation
Balance Transfer
Others except for business purposes
Requirements
FOR INDIVIDUAL APPLICATION (Employee): SBC Forms
Completely filled-out and signed Application Form (Borrower and Authorized Signatory of the Accredited Corporate Employer should sign-off on the AF)
Duly signed 4 copies of Promissory Note (to sign only at the back portion Borrowers: Signature above printed name); and
4 copies of Disclosure Statement (to sign only on Signature of Borrower over Printed Name)
Standard Requirements
Photocopy of company ID (front and back) with 3 specimen signature
Photocopy of 1 Government issued ID
Photocopy of latest BIR Form 2316 indicating the correct TIN# of the employee and with complete signature on item #s 56-59 or Most recent 1-month payslip or COE
Photocopy of 1 month latest payslip OR filled-up COE portion in the application form
Other documents that may be further required by Credit
How to Apply
For inquiries and comments, please call our Customer Service hotline at +632 8887-9188, 1-800-1-888-1250 (Toll-free for PLDT landline) or email us at customercare@securitybank.com.ph.
Eligibilities
For employees of accredited companies:
Filipino / Foreigners/Expats provided term of loan will be co-terminus with contract and/or period of visa’s validity.
At least 21 years old and must not be more than 65 years old upon loan maturity.
Regular and permanent with current employer accredited by the Bank; with at least 6 months tenure and with total employment tenure of at least 1 year with a maximum of 2 employers.
Must have an office landline and mobile number
Minimum Gross Monthly Income, excluding overtime and bonuses:
P9,000 for Metro Manila
P8,000 for non-Metro Manila
Note: All employee-applicants shall be processed based on their individual qualifications and capacity, subject to the Bank’s credit policies and procedures.
Processing Time
3-4 banking days