Accelerate Your Car Ownership with Security Bank Auto Loan's Fast Approval

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.

For the latest update on branch information, such as operating hours, please refer to our updated branch directory, click here

You may inquire from any Security Bank branch nearest you or call our Auto Loans Division at 4643000 locals 3111, 3114 and 3509.

Please see the list of available rates for Auto Loan below:

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)

For brand-new vehicles, the minimum requirement is PHP400,000, while for used or second-hand vehicles, a minimum of PHP100,000 is needed.

• 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.

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

Your loan amortization will be collected via an Auto Debit Arrangement (ADA) using a Security Bank account.  You may visit your nearest Security Bank branch for more details.

Here is a list of applicable fees and charges:

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.

The Personal Property Securities Register (PPSR) is a national online register that records security interests in personal property, helping lenders and creditors register and enforce their interests.

It provides transparency and priority rules for security interests, reducing fraud, improving credit decision-making, and protecting both secured parties and debtors.

Any entity that has a security interest in personal property, such as loans secured by equipment, inventory, or other personal assets, should register their interests.

Personal property including tangible assets (like machinery, inventory, vehicles) and intangible assets (such as intellectual property rights, chattel paper).

Creating a user ID in the PPSR (Personal Property Securities Register) is important because it ensures secure, authorized access to register, manage, and view personal property security interests. It helps protect sensitive information, maintains accountability, and facilitates efficient management of security interests.

You can register online through the PPSR portal by providing details about the debtor, the secured asset, and the security agreement.

• Details include debtor information, secured party details, description of the collateral, and the security agreement specifics.

Registrations can be canceled or updated through the PPSR online portal by the secured party or their authorized representative.

Yes, there are fees for registering, renewing, or searching the PPSR. Fee amounts vary depending on the transaction.

Debtors benefit from transparency, as they can verify what security interests exist over their assets, and ensure their assets are free from unregistered claims.

Only if their loan was approved by management as “Clean”, “For Safekeeping Only” or “Not for Registration and Encumbrance”.