Get the cash you need
Never put your plans on hold with our multi-purpose, low-interest personal loan option with affordable payment terms. Consider a personal loan as your lifeline or a safety net in times when you need that financial boost. You can also use it for:
- Emergencies
- Education
- Travel
- Home Improvements/ Lot Down Payments *
- Car Repair/ Car Purchase *
*As long as the secured portion is not financed by SB Finance
The Personal Loans offered by SB Finance Company, Inc., are not insured by the Philippine Deposit Insurance Corporation and are not guaranteed by Security Bank Corporation.
At a glance
| Minimum loan amount | PHP30,000 |
| Maximum loan amount | PHP2,000,000 |
| Payment terms | 12 to 36 months |
| Approval time | within 5 banking days |
SB Finance will never ask you to pay a facilitation fee for your application. If you receive a call, SMS, or email asking you to pay a facilitation fee, do not engage. Immediately report the incident to our 24-Hour Customer Service hotline at (+632) 8887-9188 or email us at [email protected]
Eligibility
At least 21 years old at the time of application but not more than 65 years old upon loan maturity
- Must be a Filipino Citizen
- Must have an office or residence landline.
If Employed – minimum gross monthly income:
- For Metro Manila: PHP15,000
- For outside Metro Manila: PHP12,000
If Self-employed:
- For Self-Employed or Self-Employed Professionals, borrower must be the owner or a majority owner with at least 40% stake AND the business has been operating profitably for at least 2 years with at least 1 trade reference.
- Minimum gross monthly income: PHP100,000
Required documents
A. Completely Filled out and signed application form. For online application, go here. If you’re applying at a branch, click here to download the form.
B. If Employed:
- One (1) valid government-issued photo ID
Income Documents, any of the following:
- Certificate of Employment and Compensation
- issued within the last six (6) months
- Latest ITR
- Latest one (1) month payslip
C. If Self-Employed:
- One (1) valid government-issued photo ID
- Latest 1-year Audited Financial Statement (AFS) with at least the previous year’s comparative financials
- SEC Registration / DTI Certificate
- Business Permit / Mayor’s Permit
- Latest three (3) months bank statements
- Latest GIS (if corporation)
- List of 3 trade references (at least 1 supplier and 1 customer) with contact details
Note: Additional documents may be required to process the loan.
Personal Loan Calculator
Standard personal loan rates
| Term | Monthly Add-on Rate* |
| 12-36 months | 1.89% |
*The Annual Percentage Rate (APR) begins at 39.53%.
*Estimated APR at 36 months is 37.53%.
*Rates shown are indicative only and may change upon approval.
Sample Computation:If you borrow PHP50,000 payable in 36 months using 37.53% APR, your monthly payment would be P 2,333.89.
Fees and charges
| Processing fee | PHP2,000 |
| Notarial fee (For PHP100,000 loan and up) | PHP100 |
| Documentary stamps (For PHP250,000 loan and up) | Approved Loan Amount / 200 * 1.50 |
| Late payment fee | 3% of amount due or PHP500 whichever is higher Effective October 25, 2021: 3% of unpaid amortization |
Hear from our clients
How do I apply?
1
Go to the Online Personal Loan Application Facility.
2
Accomplish the form by filling out all the required fields.
3
Attach all the scanned copies or photos of requirements.
4
Agree to the Terms and Conditions and click Next. Wait for a confirmation through SMS.
Ready to apply for a personal loan?
Apply online nowFrequently asked questions
How much is the amount I can loan?
Minimum amount that you can avail is PHP30,000.00 and maximum is PHP2,000,000.00. Loan amount will be based on credit evaluation and income documents submitted.
For how many months/terms I can pay the loan?
You have option to pay the loan amount for: 12, 18, 24 and 36 months.
| Term | Monthly Add-on Rate |
| 12-36 months | 1.39%-1.89% |
Estimated Annual Percentage Rate (APR) at 36 months is 37.53%
Sample Computation:
If you borrow PHP50,000 payable in 36 months using 37.53% APR, your monthly payment would be PHP2,333.89
What are the fees and charges?
| Processing Fee | 3% of the loanable amount |
| Notarial Fee (For PHP100,000 loan and up) | PHP100.00 |
| Documentary Stamps (For PHP250,000 loan and up) | PHP1.50 for every PHP200.00 |
| Late Payment Fee |
3% of the amount due or PHP500 whichever is higher
Effective October 25, 2021: 3% of unpaid amortization |
| Pre-termination Processing Fee | PHP2,500 |
How will I know if my loan is approved?
A bank representative will notify you on the result of your application. You may also contact our Customer Service Hotline at 02-8887-9188 or you may send an email at [email protected]
How will I get my loan proceeds?
Loan proceeds are released through Manager’s Check (MC) or Credit to Security Bank Account. Loan proceeds may be claimed at the Loan Releasing Area (No. 849-A GF Keyland Building Arnaiz Ave Makati City) or through branch where loan was applied. During loan availment, you must bring the following:
- If employed, original company ID and one (1) valid government issued IDs
- If self-employed, original two (2) valid government issued IDs
- Other documents required for booking that will be relayed by the SBC representative that will call you regarding the loan approval.
Can I get a personal loan if I have a cancelled credit card?
If you have a cancelled credit card from any bank, please get the necessary clearance before applying for a personal loan to ensure the smooth processing of your application.
Can I pre-terminate my loan?
Yes, you can pre-terminate the loan but there will be a processing fee of PHP2,500 (based on PN) shall be applied to your account.
Can I re-avail of a loan?
You can re-avail your personal loan as long as you have already paid at least half of your original loan term, and there has been no record of missed payments. Example: Original loan term is for 12 months and you have already paid your amortizations for 6 months already, you can apply for re-availment. Upon booking, your previous loan balance will be deducted from the proceeds of your new loan.
Can I avail of two personal loans at the same time?
Borrower cannot avail two separate loans at the same time. At least half of the term for the existing loan must be paid off first before they can apply for another loan.