Used Cars Full Mechanics | Security Bank Philippines

All offers received are subject to the weekly bid tabulation with cut-off every Sunday and results to be announced 3 banking days thereafter.
Upon receipt of notification as to the highest bidder, Security Bank shall require the following within 2 banking days:
- Full payment for cash sale
- 10,000 earnest money for auto loan mode of payment
- Duly filled-up Client Information Sheet
- 2 valid government-issued IDs
- Other requirements deem necessary after review
Offers may be submitted online or by filling up the Auto Offer Form. Once accomplished, you may send the form via email to [email protected] copy furnish [email protected] or facsimile at +632-8867-6796
The bank will acknowledge receipt of the Offer Form within 2 hours, if no acknowledgement is received, please feel free to contact the account officer at +632-8867-6788 loc. 8995
For cash sales, payment should be made within 5 banking days from email notification of approval on the sale of the unit. Employees of SBC applying for their car plan benefit will be considered as a Cash transaction.
For auto loan mode of payment, clients to submit the Letter of Guaranty within 10 banking days from receipt of approval of the sale.
If the client fails to complete the transaction within the said period, the deposit is forfeited and the Bank will return the unit in its for sale pool.

Other Notes:

For Cash sales, payment should be made within 5 banking days upon email notification from Security Bank. Employees of SBC applying for their car plan benefit will be considered under Cash sales.
For LOG/auto loan, the client to submit the LOG within 10 banking days.
If the client fails to complete the transaction within the said period, the deposit is forfeited and the Bank will sell to the next highest bidder or return the car in the available for sale pool without the need for further advice from the previous winner.

Disclaimer:

Availability of units listed is subject to change without prior notice
The client agrees with the quality and condition of the unit before submitting the offer

The basis of commission is the first offer form the client sent. If the first offer submitted does not contain the name of the referrer, no commission will be provided.
Commissions are not eligible for the following:
- Purchase of 5 units or more
- Purchase via company benefit
- Security Bank personnel from:
  - PMD
  - Appraisal
  - Approvers
  - Board of directors
- Relatives of Security Bank personnel mentioned from up to 2nd degree of consanguinity
- Relatives of buyers up to 1st degree of consanguinity

You may only apply for a Used Car Loan once you are awarded as the highest bidder.

Eligible borrower:

Filipino citizens who are residents of the Philippines;
Foreign citizens residing in the Philippines, provided, accompanied with a positive endorsement from the company he is affiliated with & a qualified Filipino citizen guarantor or co-maker in place, or
Filipino citizens, who are residing outside the borders of Philippines, provided with qualified Filipino citizen guarantor or co-maker in place.
Age must be 21 years old but not more than 65 years upon final maturity of the loan.
Minimum joint monthly gross income with spouse of Php 40,000.00 (brand new) or Php 20,000.00 (2nd hand/used car)
For Rank and File, at least 2 years continuous employment with current employer
For Officer, must be permanent or regular

Application Requirements:

You
deserve
better