Accelerate your journey.
Own your next car without the wait. Get your dream car faster with low rates, flexible terms, and a seamless application process tailored to your needs.
Flexibility for Every Need—From Personal to Business
Whether it’s purchasing a new car, refinancing, or even expanding your business fleet, our auto loan options are designed to fit your needs—personal, business, and more.
Purchase
Purchase of a brand new or second hand car for personal use
Reimburse
Reimbursement of a brand new vehicle
Refinance
Refinancing of a second hand car/loan take-out
Business
Purchase of a brand new car for business use
Low Rates with Terms Tailored to You
Enjoy competitive rates and customized payment options, giving you the freedom to own the car you want with terms that suit your budget.
Our Auto Loan just got better!
Ready to hit the open road? Our auto loan offers a streamlined process to get you into your new or used vehicle quickly. We understand you’re eager to experience that new car smell or the reliability of a dependable ride.
Our auto loan is now with low rates, flexible terms, and a seamless application process tailored to your needs.
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 At a glance
| 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 | 3-5 banking days* |
| 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
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Brand New Auto Loan Rates
| Term | Standard | With One Month Advance |
| 12 | 6.77% | 6.02% |
| 18 | 9.74% | 8.93% |
| 24 | 14.38% | 13.48% |
| 36 | 21.51% | 20.50% |
| 48 | 29.04% | 27.92% |
| 60 | 37.63% | 36.38% |
Drive the car of your dreams when you apply now!
Enjoy our exclusive promos and discounts as well as fast approval when you apply for our auto loan.
Your Dream Car Is Closer Than You Think
E-Vehicle Financing
Embark onto the path of sustainable living.
Second Hand Cars
Your journey to a used car starts with Security Bank’s auto loan options.
Big Bike
Finance your big bike with ease through Security Bank.
Eligibility
A. FOR INDIVIDUALS
- Filipino citizens who are residents of the Philippines; or 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 PHP40,000 (brand new) or PHP20,000 (2nd hand/used car)
- Employed for at least 2 years or officer position on a permanent / regular basis.
B. FOR PARTNERSHIPS AND CORPORATIONS
- Must be duly registered to operate as a legal entity in the Philippines.
- The business must be in operation for at least three (3) years.
C. FOR START-UP BUSINESSES
- Start-ups or businesses operating for less than 3 years, co-makers / sureties are required.
- Must have strong business prospects/potentials based on evaluation.
Required documents
Application Forms: Auto Loan Application Individual and Sole Proprietor
A. BASIC REQUIREMENTS:
- Duly accomplished and signed Auto Loan Application Form
- Valid Government-issued ID (with signature and photo) of borrower/spouse/co-borrower/co-maker/signatories ofthe loan
- Dealer quotation
B. REQUIREMENTS FOR LOCALLY EMPLOYED:
- Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR), Or Pay Slips for at least 3 months
- Latest Certificate of Employment with Compensation
C. REQUIREMENTS FOR EMPLOYED ABROAD:
- Latest Crew Contract (for seafarer/seaman); Latest Employment Contract duly authenticated by Phil. Consulate (for OFWs)
- Proof of Remittance (allotment slips) for at least 3 months
D. REQUIREMENTS FOR SELF-EMPLOYED/WITH BUSINESS:
- Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR)
- Latest Audited Financial Statements/Statement of Assets and Liabilities/Statement of Income and Expenses
- Certificate of Business Registration with DTI (sole proprietorship) or SEC (partnership/corporation)
- Bank Statements or photocopy of Passbook for the last 3 months
- Proof of Other Income (Certificate of Deposits, Stock/Bond Certificates, Lease Contracts, etc.)
E. ADDITIONAL REQUIREMENTS IF COLLATERAL IS USED/SECOND HAND/IMPORTED VEHICLE:
- Copy of LTO OR/CR under the name of the seller/applicant
- Deed of Sale
- PNP Clearance and Macro Etching Certificate
- Bill of lading and importation papers, including proof of payment on custom and duty taxes (for imported units only)
Car brands available for financing
How do I apply?
1
Scan or take pictures of your ID and proof of income.
2
Apply online or at your nearest branch.
3
Wait for processing and approval (as fast as 1 banking day!)
See Our Other Loan Products
Home Loans
Get your dream home faster with Security Bank.
Personal Loans
Achieve your goals with our personal loans.
Business Loans
Fuel your business with our business loans.
Frequently asked questions
Eligibility
A. FOR INDIVIDUALS
- Filipino citizens who are residents of the Philippines; or 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 PHP40,000 (brand new) or PHP20,000 (2nd hand/used car)
- Employed for at least 2 years or officer position on a permanent / regular basis.
B. FOR PARTNERSHIPS AND CORPORATIONS
- Must be duly registered to operate as a legal entity in the Philippines.
- The business must be in operation for at least three (3) years.
C. FOR START-UP BUSINESSES
- Start-ups or businesses operating for less than 3 years, co-makers / sureties are required.
- Must have strong business prospects/potentials based on evaluation.
I want to know your banking hours
For the latest update on branch information, such as operating hours, please refer to our updated branch directory, click here
What are the interest rates?
You may inquire from any Security Bank branch nearest you or call our Auto Loans Division at 4643000 locals 3111, 3114 and 3509.
What are the rates available?
Please see the list of available rates for Auto Loan below:
| Term | Standard | With One Month Advance |
|---|---|---|
| 12 | 6.77% | 6.02% |
| 18 | 9.74% | 8.93% |
| 24 | 14.38% | 13.48% |
| 36 | 21.51% | 20.50% |
| 48 | 29.04% | 27.92% |
| 60 | 37.63% | 36.38% |
What are the Auto Loan application requirements?
To ensure a hassle-free application process, please make sure to bring all the necessary requirements listed below:
A. BASIC REQUIREMENTS
- Duly accomplished and signed Auto Loan Application Form
- Valid Government-issued ID (with signature and photo) of borrower/spouse/co-borrower/co-maker/signatories of the loan
- Dealer quotation
B. REQUIREMENTS FOR LOCALLY EMPLOYED
- Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR), Or Pay Slips for at least 3 months
- Latest Certificate of Employment with Compensation
C. REQUIREMENTS FOR EMPLOYED ABROAD
- Latest Crew Contract (for seafarer/seaman); Latest Employment Contract duly authenticated by Phil. Consulate (for OFWs)
- Proof of Remittance (allotment slips) for at least 3 months
D. REQUIREMENTS FOR SELF-EMPLOYED/WITH BUSINESS
- Latest Income Tax Return (ITR) / BIR Form 2316 (duly stamped by BIR)
- Latest Audited Financial Statements/Statement of Assets and Liabilities/Statement of Income and Expenses
- Certificate of Business Registration with DTI (sole proprietorship) or SEC (partnership/corporation)
- Bank Statements or photocopy of Passbook for the last 3 months
- Proof of Other Income (Certificate of Deposits, Stock/Bond Certificates, Lease Contracts, etc.)
E. ADDITIONAL REQUIREMENTS IF COLLATERAL IS USED/SECOND HAND/IMPORTED VEHICLE:
- Copy of LTO OR/CR under the name of the seller/applicant
- Deed of Sale
- PNP Clearance and Macro Etching Certificate
- Bill of lading and importation papers, including proof of payment on customs and duty taxes (for imported units only)
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How much is the loanable amount?
For brand-new vehicles, the minimum requirement is PHP400,000, while for used or second-hand vehicles, a minimum of PHP100,000 is needed.
What are the loan terms available?
- Standard Straight Financing Scheme
- One Month Advance
- The first net monthly installment shall commence at the time of delivery/release.
- Second net monthly installment shall commence not more than 35 days from the date of delivery (for new) or from the booking date (for 2nd hand).
- Subsequent amortization due dates shall follow the date of the second amortization.
What are the acceptable vehicle collateral?
Both brand-new and used vehicles of the following body types are eligible for financing:
- Passenger cars/vans
- Sports Utility Vehicles (SUVs)
- Asian Utility Vehicles (AUVs)
- Light Commercial Vehicles (4 or 6-wheeler), such as utility vans, pick-ups and light trucks
- Trucks (10-wheeler)-for brand new and selected brands only
How do I make my payments?
Your loan amortization will be collected via an Auto Debit Arrangement (ADA) using a Security Bank account. Â You may visit your nearest Security Bank branch for more details.
What are the fees and charges that I have to pay?
Here is a list of applicable fees and charges:
| Chattel Mortgage Fee (CMF) | Inclusive of documentary stamp tax, processing fee, and notarial fee |
| Collection Fee | 3% of unpaid net monthly amortization |
| Late Payment Fee |
3% of unpaid net monthly installment Effective October 25, 2021: 6% of unpaid amortization (combined Collection and late Payment Fees) |
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Do you have a list of Valid IDs?
To proceed with your application, we will require either one (1) Primary ID or two (2) Secondary IDs from the accepted IDs, which can be found here.
Please be reminded that the submitted valid IDs will be used solely to process your application.
For detailed information and answers to frequently asked questions about collateral release, please refer to our Help Centre.