Drive the car of your dreams with low rates, fast approval and free 1 year car insurance!
Buying a car has never been easier! Apply for a car loan that suits your lifestyle with flexible payment terms and fast approval. It also comes with FREE 1 year car insurance.
You can use it for the:
Still looking at cars? Use our new Car Comparison tool to compare the prices and features of popular car brands like Toyota, Honda, Hyundai and Mistubishi.
|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
|Down Payment||As low as 20% of purchase price|
|Approval Time||1 banking day*|
|Maximum Car Age||Up to 11 years old**|
*from receipt of complete application form and requirements
**For second hand, the age of vehicle + loan tenor should not exceed 11 years
“I can now avoid the pains of daily commute, thanks to Security Bank! For a Sales agent such as me, SB car loan was a lifesaver.”Jasmine D.
“Getting free 1 year car insurance with a loan is amazing value. More importantly, applying was a breeze—no hassle and fast approval time.”Miguel A.
Application Forms: Auto Loan Application Individual and Sole Proprietor
A. BASIC REQUIREMENTS:
B. REQUIREMENTS FOR LOCALLY EMPLOYED:
C. REQUIREMENTS FOR EMPLOYED ABROAD:
D. REQUIREMENTS FOR SELF-EMPLOYED/WITH BUSINESS:
E. ADDITIONAL REQUIREMENTS IF COLLATERAL IS USED/SECOND HAND/IMPORTED VEHICLE:
|Chattel Mortgage Fee (CMF)||Inclusive of documentary stamp tax, processing fee and notarial fee|
|Collection Fee||3% of unpaid net monthly amortization|
|Late Payment Interest||3% of unpaid net monthly installment|