Security Bank Personal Loan — Practical Financing Without Collateral

When it comes to getting a personal loan in the Philippines, many Filipinos look for three things: a trusted bank, reasonable interest rates, and no need for collateral. The Security Bank Personal Loan delivers all three — and more.

If you’re a salaried worker, entrepreneur, or overseas Filipino worker (OFW) with a qualified co-borrower, this loan may be one of your best options for funding life’s big expenses: from tuition fees and business capital to medical emergencies or home renovations.

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🧾 What Is Security Bank Personal Loan?

The Security Bank Personal Loan is a non-collateral cash loan designed for Filipinos who need structured financing with longer payment terms. As one of the most stable and customer-focused banks in the country, Security Bank offers personal loans with:

• Flexible payment options (12 to 36 months)

• Competitive annual interest rates

• Fixed monthly amortization

• High approval for applicants with stable income

Whether you need to borrow ₱30,000 or up to ₱2 million, this loan adapts to your needs.

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✅ Key Features

• Loan Amount: ₱30,000 to ₱2,000,000

• Loan Terms: 12, 18, 24, or 36 months

• Interest Rate: Starts at 1.39% per month (or ~25% annually)

• Disbursement: To a Security Bank account (or manager’s check)

• Processing Time: 5–7 business days after complete document submission

• Payment Method: Auto-debit arrangement

This makes it one of the highest-value personal loans available in Philippine banking — especially for professionals and business owners.

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👤 Who Can Apply?

Security Bank accepts both employed and self-employed individuals, with clear and simple qualifications:

🔹 For Locally Employed:

• Filipino citizen, 21 to 65 years old

• Monthly gross income of at least ₱15,000 (Metro Manila) or ₱12,000 (provincial)

• Must be employed for at least 1 year

• With a landline or mobile phone and email address

🔹 For Self-Employed:

• Must be operating a business for at least 2 years

• Business must be registered with DTI or SEC

• Must submit complete financial and tax documents

🔹 For OFWs:

• Must apply with a qualified local co-borrower

• Co-borrower must meet the income and document requirements

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📄 What Documents Are Required?

Security Bank asks for basic income and identity documents, depending on your employment type.

For Employed:

• Valid government-issued ID

• Certificate of Employment (COE) with compensation details

• Latest payslip (1 month)

• ITR or BIR Form 2316

• Utility bill or proof of residence

For Self-Employed:

• DTI/SEC business registration

• Mayor’s or business permit

• Income Tax Return (BIR Form 1701)

• Audited Financial Statements (2 years)

• Bank statements (last 6 months)

Having a clean and consistent document set increases your chances of approval.

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💻 How to Apply for Security Bank Personal Loan

You can apply online, at a branch, or via loan officers in shopping malls and business centers.

🖥 Online Application:

1. Visit Security Bank’s website.

2. Fill out the personal loan form.

3. Upload digital copies of your documents.

4. Await verification via phone or email.

5. If approved, sign the loan documents.

6. Receive funds in your Security Bank account or via check.

🏦 In-Branch Application:

1. Go to your nearest Security Bank branch.

2. Request a personal loan application form.

3. Submit your documents and wait for processing.

4. Monitor status through SMS or email.

🔍 Tip: Using a Security Bank account speeds up processing and disbursement.

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📅 Sample Monthly Repayments

Let’s say you borrow ₱150,000. Here’s how your monthly amortization may look:

• 12 months: approx. ₱13,200

• 24 months: approx. ₱7,300

• 36 months: approx. ₱5,400

Note: These are estimates only. The final rate depends on loan term, amount, and actual interest.

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⚖️ Is It Better Than Loan Apps?

Absolutely — especially for long-term needs.

Loan apps (like Kviku, Credy, MoneyCat) are great for fast cash, but:

• Offer small amounts (₱2,000 – ₱30,000 max)

• Have high daily or monthly interest

• Are focused on short-term repayment (7–30 days)

Security Bank offers:

• Structured repayment plans

• Lower effective interest

• Larger borrowing capacity

🔍 Security Bank vs Other Personal Loans

Choosing the right lender is crucial — here’s how Security Bank compares with others in the market.

Security Bank vs BDO

• Loan size: Security Bank offers up to ₱2M, while BDO caps at ₱1M.

• Interest rate: Security Bank has slightly lower fixed monthly rates.

• Processing: Both take around 5–7 days, but Security Bank allows faster online follow-ups.

Security Bank vs BPI

• BPI has more online features but a stricter income requirement.

• Security Bank is better for self-employed and freelancers.

Security Bank vs RCBC

• RCBC favors business owners with larger capital.

• Security Bank is more open to employed professionals with smaller incomes (₱15,000–₱20,000 monthly).

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❌ Why Applications Get Denied

Avoid these common pitfalls when applying:

• Unclear or low-resolution ID scans

• Missing ITR or financial documents

• Providing inconsistent income figures

• Short employment history

• Low credit score or unpaid loans

✅ Tips for Approval:

• Submit complete and high-quality documents

• Ensure income is stable and provable

• Respond quickly to phone/email verification

• Avoid multiple loan applications at once

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❓ Frequently Asked Questions

🔸 How long is the processing time?

5–7 working days after submitting complete documents.

🔸 Do I need a Security Bank account?

No, but it will speed up disbursement if you already have one.

🔸 Can freelancers apply?

Yes, if they can show valid income through tax documents and bank statements.

🔸 Is collateral required?

No, this loan is fully unsecured.

🔸 Can I pay off early?

Yes, early payment is allowed — request a loan payoff computation.

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🧭 Final Thoughts

The Security Bank Personal Loan is one of the most flexible and accessible cash loan products from a major bank. Whether you’re employed or self-employed, it gives you:

• Large loan limits (up to ₱2M)

• Reasonable interest

• Fixed monthly payments

• No need for a co-maker or collateral

If you’re tired of the high fees and short terms of payday loan apps, Security Bank provides a much better alternative — especially for longer-term financial planning.

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🔗 You Might Also Like

Here are some other options you may want to explore:

• Credy Philippines — flexible loan approvals
  Ideal for students, freelancers, or first-time borrowers.

• Finmerkado — fast online cash loans
  For short-term financing and emergencies.

• Cash-Express Philippines — quick loans with low paperwork
  Perfect for those with no credit history.