Guide on the Requirements for Security Bank Cash Loan Offer Application
REQUIREMENTS FOR SECURITY BANK CASH LOAN – Here are the documents that you must prepare and submit in applying for Security Bank Personal Loan.
In the Philippines, one of the banks that you may turn to is Security Bank. It has both personal and corporate loan offers. Under the former, there are loan offers such as the personal cash loan.
The eligibility requirements for Security Bank Cash Loan offer cover both employed and self-employed individuals. You can check the qualifications set by the bank below.
For employed individuals, to be eligible to apply for the loan offer, the loan applicant must be:
- a Filipino citizen
- at least 21 years old at the time of the loan application
- not more than 65 years old upon the loan maturity
- having an office or residence landline
- earning a minimum gross monthly income of P15,000 if working within Metro Manila and at least P12,000 if working outside Metro Manila
For self-employed individuals, to be eligible to apply for the loan offer, the loan applicant must be:
- a Filipino citizen
- at least 21 years old at the time of the loan application
- not more than 65 years old upon the loan maturity
- having an office or residence landline
- earning a gross monthly income of at least P100,000
- owning a business and at least 40% stake in the business
- operating a business that is in profitable operation for at least two (2) years already with at least one (1) trade reference
Aside from the eligibility requirements, there are documentary requirements for Security Bank Cash Loan application. Here are the documents needed in applying for the loan offer:
| For Employed Applicants: | For Self-Employed Applicants: |
| duly-accomplished and signed Security Bank Personal Loan Application Form | duly-accomplished and signed Security Bank Personal Loan Application Form |
| one (1) valid government-issued photo ID | 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 Income Tax Return (ITR) – latest one (1) month payslip | latest 1-year Audited Financial Statement (AFS) with at least the previous year’s comparative financials |
| Business Permit / Mayor’s Permit | |
| SEC (Securities Exchange Commission) Registration / DTI (Department of Trade and Industry) Certificate | |
| latest three (3) months bank statements | |
| List of 3 trade references (at least 1 supplier and 1 customer) with contact details | |
| latest General Information Sheet (GIS) – if corporation |
Aside from the Security Bank, another bank that offers a personal loan is Rizal Commercial Banking Corporation or more popularly called RCBC. You may visit – RCBC Personal Cash Loan: How To Apply & the Requirements in Applying.