Truck loan

Stay on top of your business’ needs with our fast-approval truck loan.

Truck loan

Considering getting a truck for your growing business? Whether it’s a 4, 6, or 10-wheeler, our Truck Loan has you covered. Enjoy competitive rates, flexible payment terms, and approval as fast a 1 banking day!

Use our Truck Loan for the:

  • Purchase of a brand new truck
  • Reimbursement of a brand new truck

Need to purchase more than 1 vehicle? Take a look at our Auto Fleet Financing Facility.

At a glance

Loan amount Up to 70% of purchase price
Payment terms 12 to 36 months
Down payment As low as 30% of purchase price
Approval time 1 banking day*

*From receipt of complete application form and requirements

 

How do I apply?

1

Scan or take pictures of your ID and proof of income.

2

Apply for our Truck Loan online or at your nearest branch.

3

Wait for processing and approval (as fast as 1 banking day!)

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
  • Latest Proof of Billing under borrower’s name

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 or 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) 

Accepted truck brands

Brand Vehicle type
Toyota Passenger Car/ Van, Pick-Up, SUV
4/6/10 Wheeler Truck
HINO (truck brand carried by Toyota) 4/6/10 Wheeler Truck
Audi, BMW, Chevrolet, Chrysler, Dodge, Ford, Honda, Hyundai, Isuzu, Jaguar, Jeep, Kia, Land Rover, Lexus, Mazda, Mercedes Benz, MINI, Mitsubishi, Morris Garages, Nissan, Peugeot, Porsche, Subaru, Suzuki, Volkswagen, Volvo Passenger Car/Van, Pick-Up, SUV
4/6 Wheeler Truck
10 Wheeler Truck – Isuzu, Nissan and Volvo only
FUSO (truck brand carried by Mitsubishi) 4/6/10 Wheeler Truck
Foton Passenger Car/Van, Pick-Up, SUV
4/6/10 Wheeler Truck
SsangYong Passenger Car/Van, Pick-Up, SUV
4/6/10 Wheeler Truck
JAC Passenger Cars
4/6/10 Wheeler Truck

Ready to start your truck loan application?

Apply online now

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.
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.

How much is the loanable amount?

Minimum of PHP400,000 for brand new and minimum of PHP100,000 for used/second hand vehicle.

What are the loan terms available?
  • For Brand New, minimum of 12 months up to maximum of 60 months.
  • For Used/Second Hand, minimum of 12 months up to maximum of 48 months.
What are the acceptable vehicle collateral?

Vehicles with the following body types are eligible for financing both brand new or used units.

  • 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
What are the loan payment options?
  • Standard Straight Financing Scheme
  • One Month Advance
  • First net monthly instalment shall commence at the time of delivery/release.
  • Second net monthly instalment shall commence not more than 35 days from date of delivery (for new) or from booking date (for 2nd hand).
  • Subsequent amortization due dates shall follow the date of the second amortization.
How do I make my payments?

You can subscribe to an Auto Debit Arrangement (ADA) from a Security Bank account or pay through post-dated checks.

What are the fees and charges that I have to pay?
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)

Search

AllHome - Agro
AllHome - Antipolo
AllHome - Bacolod
AllHome - Bataan
AllHome - Butuan
AllHome - Cabanatuan
AllHome - Cauayan
AllHome - CDO
AllHome - Cebu
AllHome - Dasmariñas
AllHome - Evia
AllHome - Gapan
AllHome - General Santos
AllHome - General Trias
AllHome - Global South
AllHome - Iloilo
AllHome - Imus
AllHome - Kawit
AllHome - Koronadal
AllHome - Las Piñas
AllHome - Libis
AllHome - Malolos
AllHome - Mintal
AllHome - Naga
AllHome - North Molino
AllHome - Pampanga
AllHome - QC
AllHome - QuickFix Camella East
AllHome - QuickFix Farm
AllHome - QuickFix M1 Annex
AllHome - QuickFix Masibay
AllHome - QuickFix Springville
AllHome - QuickFix Symphony
AllHome - QuickFix Venezia
AllHome - Salawag
AllHome - San Ildefonso
AllHome - Santiago
AllHome - Shaw
AllHome - Silang
AllHome - SJDM
AllHome - South Molino
AllHome - Sta. Maria
AllHome - Sta. Rosa
AllHome - Sto. Tomas
AllHome - Taguig
AllHome - Tanza
AllHome - WCC
AllHome - QuickFix Citta Italia

  • Aerophone - Ayala Center Cebu
  • Aerophone - Cybertech Quezon City
  • Aerophone - SM Cebu
  • Aerophone - SM Manila
  • Aerophone - SM San Lazaro

This will close in 0 seconds

  • CYA Industries Inc - Bacolod
  • CYA Industries Inc - CDO
  • CYA Industries Inc - Cebu
  • CYA Industries Inc Showroom - Shangrila
  • My Homedepot - Baliuag Tangos
  • My Homedepot - Alabang Zapote
  • My Homedepot - Angono
  • My Homedepot - Barrera
  • My Homedepot - Batangas
  • My Homedepot - Cabanatuan
  • My Homedepot - Calapan
  • My Homedepot - Caloocan
  • My Homedepot - Candelaria
  • My Homedepot - Candon
  • My Homedepot - Daet
  • My Homedepot - Dasma
  • My Homedepot - Fairview
  • My Homedepot - Guagua
  • My Homedepot - Gumaca
  • My Homedepot - Iba
  • My Homedepot - Imus
  • My Homedepot - Los Banos
  • My Homedepot - Malasiqui
  • My Homedepot - Marikina
  • My Homedepot - Mayapyap
  • My Homedepot - Nayon Nova
  • My Homedepot - Niog 3
  • My Homedepot - Novaliches
  • My Homedepot - Pasong Putik
  • My Homedepot - Olongapo
  • My Homedepot - Palanginan
  • My Homedepot - Pilar
  • My Homedepot - Paranaque
  • My Homedepot - Pulilan
  • My Homedepot - Roxas
  • My Homedepot - San Jose
  • My Homedepot - San Marcelino
  • My Homedepot - San Rafael
  • My Homedepot - Santiago
  • My Homedepot - Silang
  • My Homedepot - Sorsogon
  • My Homedepot - Sta Cruz
  • My Homedepot - Tarlac
  • My Homedepot - Taytay
  • My Homedepot - Urdaneta

This will close in 0 seconds

  • Petbuddy Antipolo
  • Petbuddy Bataan
  • Petbuddy Dasmariñas
  • Petbuddy Evia
  • Petbuddy Malolos
  • Petbuddy North Molino
  • Petbuddy South Molino
  • Petbuddy Springville
  • Petbuddy Sta. Rosa
  • Petbuddy Taguig

This will close in 3 seconds

  • Allbikes Evia
  • Allbikes Sta Rosa

This will close in 0 seconds

  • Allsports Bataan
  • Allsports Evia
  • Allsports Malolos
  • Allsports Nomo
  • Allsports Sjdm
  • Allsports Taguig
  • Alltoys Bataan
  • Alltoys Evia
  • Alltoys Malolos
  • Alltoys Nomo
  • Alltoys Sta. Rosa
  • Alltoys Taguig

This will close in 1 seconds

  • Finds - Bataan
  • Finds - Dasmarinas
  • Finds - General Trias
  • Finds - Iloilo
  • Finds - Las Pinas
  • Finds - Malolos
  • Finds - Naga
  • Finds - NOMO
  • Finds - Shaw Blvd.
  • Finds - SJDM
  • Finds - Sta.Rosa
  • Finds - Taguig

This will close in 0 seconds

  • Market Liberty - Evia

This will close in 0 seconds

  • No Name - Bataan
  • No Name - Dasmarinas
  • No Name - Pampanga
  • No Name - Sta. Rosa

This will close in 0 seconds

  • The Athlete'S Foot - Bataan
  • The Athlete'S Foot - Evia
  • The Athlete'S Foot - Sta Rosa

This will close in 0 seconds

  • Pull And Bear - Cebu
  • Pull And Bear - SM Megamall
  • Pull And Bear - Trinoma

This will close in 0 seconds

  • Zara - Cebu
  • Zara - Glorietta
  • Zara - Greenbelt
  • Zara - SM Megamall
  • Zara - SM Mall of Asia
  • Zara - ONE BHS, BGC
  • Zara - Rockwell
  • Zara - Shangrila
  • Zara - Trinoma

This will close in 0 seconds

  • Massimo Dutti - Greenbelt 5
  • Massimo Dutti - Rockwell

This will close in 0 seconds

  • Bershka - Cebu
  • Bershka - Glorietta
  • Bershka - Megamall
  • Bershka - Mall of Asia
  • Bershka - Shangrila

This will close in 0 seconds

  • Stradivarius - SM Aura
  • Stradivarius - Glorietta
  • Stradivarius - Megamall
  • Stradivarius - Shangrila

This will close in 0 seconds

  • Mandaue Foam - Butuan
  • Mandaue Foam - Cebu
  • Mandaue Foam - Banilad
  • Mandaue Foam - Bohol
  • Mandaue Foam - Cebu
  • Mandaue Foam - Quimpo
  • Mandaue Foam - Shaw Blvd.
  • Mandaue Foam - (Philfoam) Cainta, Rizal
  • Mandaue Foam - (Philfoam) Las Pinas
  • Mandaue Foam - (Philfoam) Lipa, Batangas
  • Mandaue Foam - (Philfoam) Quezon Avenue

This will close in 0 seconds

  • Our Builders Warehouse - Bocaue
  • Our Builders Warehouse - Guiguinto
  • Our Builders Warehouse - Mabalacat
  • Our Builders Warehouse - Malolos
  • Our Builders Warehouse - Tagaytay
  • Our Builders Warehouse - Dasmarinas

This will close in 0 seconds

  • 158 Designers Blvd - Pasay

This will close in 0 seconds

  • Anne Klein - Rockwell

This will close in 0 seconds

  • Armani Exchange - Rockwell

This will close in 0 seconds

  • Bobbi Brown - SM Mall of Asia

This will close in 0 seconds

  • Charriol - Rockwell
  • Charriol - Pasay

This will close in 0 seconds