Corporate Salary Loan

Give your employees a salary loan with convenient payment terms.


Salary Loan Program gives employees of accredited companies access to loans with convenient and affordable payment terms. Payment/ monthly amortization is through salary deduction. These loans can be used for:

  • Health and Wellness
  • Education
  • Family Vacation
  • Balance Transfer
  • Others except for business purposes

At A Glance

Take a look at what we can offer:

Minimum Loan Amount PHP 10,000
Maximum Loan Amount PHP 1,000,000
Payment Terms up to 36 months
Interest Rate 0.99%
Approval Time 3 – 4 banking days

How to Apply for Salary Loan?

Get an application form from your HR personnel

Fill out and sign the Salary Loan application form

Submit the form together with required documents to your designated HR personnel

Wait for processing and approval (3-4 banking days)

Are you paying high interest rates with another bank? See how much you can save by switching to Security Bank!

How to Get your Company Accredited?

Get in touch with the Security Bank team

Submit the required documents for accreditation

Processing and screening of application (3-4 weeks)

Signing of the MOA and submission of post approval documentary requirements

Upon approval, begin endorsing employees for loans

Eligibility & Requirements

For employees of accredited companies:

  • Filipino / Foreigners/Expats provided term of loan will be co-terminus with contract and/or period of visa’s validity.
  • At least 21 years old and must not be more than 65 years old upon loan maturity.
  • Regular and permanent with current employer accredited by the Bank; with at least 6 months tenure and with total employment tenure of at least 1 year with a maximum of 2 employers.
  • Must have an office landline and mobile number
  • Minimum Gross Monthly Income, excluding overtime and bonuses:
    • P9,000 for Metro Manila
    • P8,000 for non-Metro Manila

Note: All employee-applicants shall be processed based on their individual qualifications and capacity, subject to the Bank’s credit policies and procedures.

Required Document


  • Completely filled-out and signed Application Form (Borrower and Authorized Signatory of the Accredited Corporate Employer should sign-off on the AF)
  • Duly signed 4 copies of Promissory Note (to sign only at the back portion Borrowers: Signature above printed name); and
  • 4 copies of Disclosure Statement (to sign only on Signature of Borrower over Printed Name)

Standard Requirements

    • Photocopy of company ID (front and back) with 3 specimen signature
    • Photocopy of 1 Government issued ID
    • Photocopy of latest BIR Form 2316 indicating the correct TIN# of the employee and with complete signature on item #s 56-59 or Most recent 1-month payslip or COE
    • Photocopy of 1 month latest payslip OR filled-up COE portion in the application form
    • Other documents that may be further required by Credit

Note: All applications with incomplete requirements will not be processed.

Frequently Asked Questions

How much is the amount I can loan? Approximately 8x of the net take home pay of the borrower. Loanable Amount: Minimum P10,000 Maximum P1,000,000 *30% Debt Income Ratio of net monthly pay shall apply and/or maximum loan amount is 8x the take-home pay.

For how many months/terms I can pay the loan? 6, 12, 18, 24 or 36 months, depending on your employer’s arrangement and subject to account evaluation.

How long does it take to process my application? 3-4 banking days, if all requirements are complete and if applicant is verified without adverse findings.

What are the fees and charges?

Processing Fee Php 250
Late Payment Fee 3% of the monthly amortization or Php 500, whichever is higher.

Effective October 25, 2021: 3% of unpaid amortization

Processing Fee for Pre-Payment/Pre-Termination of Loan Php 250
Notarial Fee (For P100,000 loan and up) Php 100
Documentary Stamps (For Php 250,000 loan and up) Php1.50 for every Php 200
Other Incidental Fees Case to case basis

How will I know if my loan is approved? Your account officer will notify you once the loan has been approved. To follow up on your loan status, please call our hotline 8887-9188.

How will I get my loan proceeds? Loan proceeds are can be released as follows:

With SBC Payroll Account: Credited to Security Bank Payroll Account

Without SBC Payroll Account: Via Managers Check (MC)

How do I make payments?


Non Payroll Accounts: Salary deduction to be facilitated by the Company. Monthly remittances thru company check payable to Security Bank Corp with attached payment breakdown. Monthly remittances shall be remitted on or before the due date.

Payroll Accounts: Auto Debit from borrower’s payroll account.