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 our car loan for the:
*Only applies to brand new and personal use cars only
Is our Car Loan not quite what you’re looking for? Take a look at our Truck Loan or Auto Fleet Financing Facility perfect for growing businesses.
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
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% |
Not yet sure which car to buy? Use our car buyer’s guide to compare models, prices, and features.
Our Car Loan comes with free 1 year Car Insurance so you can drive with peace of mind.
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:
A. FOR INDIVIDUALS
B. FOR PARTNERSHIPS AND CORPORATIONS
C. FOR START-UP BUSINESSES
“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.A. FOR INDIVIDUALS
B. FOR PARTNERSHIPS AND CORPORATIONS
C. FOR START-UP BUSINESSES
Vehicles with the following body types are eligible for financing both brand new or used units.
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 & Late Payment Fees) |