Security Bank Corporation puts you securely in the driver’s seat with its client-friendly
car financing facility.
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Competitive interest rates and easy financing schemes.
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Flexible Terms. Choose from 12 to 60 months.
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Quick Processing.
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And, we can source the vehicles for you and even arrange for its delivery.
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Product Features:
Loan Purpose
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Acquisition of brand new and second hand car
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Acquisition of brand new light commercial vehicles
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Refinancing of an existing unit which is owned by the borrower
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Reimbursement of acquisition cost of brand new car
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Affordable Downpayment
Loan may be granted up to:
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80% of unit price for a brand new car
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70% of unit price for a brand new light commercial vehicle
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70% of appraised value for a second hand car
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Competitive Rates
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Fixed rate for the entire term of loan
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Flexible Terms
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Brand new cars - up to 5 years
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Brand new light commercial vehicle - up to 5 years
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Second hand cars (3 year old model car) – up to 2 years
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Payment is on equal monthly installments via post dated checks or automatic debit
arrangement.
APPLY NOW!
You may avail of a Security Bank Auto Loan if you are:
Individuals:
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23 years old and not more than 60 years of age at loan maturity
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Minimum Gross Monthly Income of P40,000.00
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For self-employed, business operating for at least 3years
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At least 2 years in current job
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Corporations:
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Operating profitably for the past three (3) years
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Registered with SEC
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1. Individual/Single Proprietorship
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2 Valid IDs with photograph (e.g. Driver’s License, Passport, PRC, Employee ID,
other government-issued IDs)
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Income Tax Return (latest)
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Bank Statement (last 3 months)
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Business Name Application for Registration of Business
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Certificate of Employment with Compensation & years of service, thus Certificate
of Employment with Compensation & years of service
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2. Partnership
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SEC Certificate of Registration of Partnership
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Articles of Partnership
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Bank Statements (last 3 months)
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Financial Statements (latest audited)
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3. Corporation
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SEC Certificate of Registration
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Articles of Incorporation
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By-Laws
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General Information Sheet (latest)
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Bank Statements (last 3 months)
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Financial Statements (last audited)
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Latest List of Officers
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List of Major Customers and Suppliers
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BRAND NEW RATES
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TERMS (months)
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STANDARD
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One Month Advance
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12
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6.42%
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5.56%
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18
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9.19%
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8.29%
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24
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12.70%
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11.74%
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36
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18.77%
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17.74%
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48
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25.33%
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24.22%
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60
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32.42%
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31.21%
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2ND HAND RATES*
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TERMS (months)
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STANDARD
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One Month Advance
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12
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10.37%
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8.94%
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18
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14.84%
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13.33%
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24
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19.57%
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17.97%
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*Rate applicable only for a maximum of 2 year loan tenor - 3 year old model car
Standard Published Rate
as of January 1, 2011
Rates may change without prior notice.
Apply for a Security Bank Car Loan now!
Click
here to view and download the Car Loan Application Form. You may also apply
at our branches in Metro Manila and South Luzon. Call Consumer Lending Division
at 851-5183 / 888-7158 / 888-7135 / 853-3888 local 841 for additional details.
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