Guide on Security Bank Cash Loan Offer Application Process
SECURITY BANK CASH LOAN OFFER – Here’s a guide in the application for this Security Bank loan offer and the requirements in applying.
The Security Bank is one of the entities that you may turn to for loans. It has a multi-purpose loan offer which you may apply for to get some cash to be used for various purposes apart from house and car purchases.
How to Apply for Security Bank Cash Loan? There are only a few steps in applying for the loan offer. Before proceeding to the guide, you might to check on the amount that the bank can possibly lend you.
To check on the borrowing amounts allowed by Security Bank, kindly visit – Security Bank Cash Loan – Minimum & Maximum Loanable Amounts.
Step 1 – Check the Qualifications
There are eligibility requirements in applying for the loan offer. The said qualifications may vary among employed and self-employed applicants. You may refer to the table below to check if you are qualified for the loan offer.
| Employed | Self-Employed |
|---|---|
| a Filipino citizen | a Filipino citizen |
| at least 21 years old at the time of the loan application | at least 21 years old at the time of the loan application |
| not more than 65 years old upon the loan maturity | not more than 65 years old upon the loan maturity |
| having an office or residence landline | 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 | 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 |
Step 2 – Prepare the Requirements.
There are specific documents that must be submitted to the bank in applying for Security Bank Cash Loan. To check on what you need to prepare based on whether you are employed or self-employed, you may visit – Requirements for Security Bank Cash Loan You Must Prepare & Submit for Application
Step 3 – Submit your Requirements.
Visit a branch of Security Bank nearest to you and submit your documents. All loan applications are subject to the approval of the bank. Wait for an update from the bank regarding the status of your loan application.
You may also visit – SSS Salary Loan Renewal – Do You Want To Renew your Cash Loan?