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Acceptable Loan Purpose
Acquisition of a brand new or a second-hand vehicle
Refinancing/Take-out of an existing auto loan.
Reimbursement of acquisition cost of a brand new vehicle

Flexible Payment Terms
Minimum term of 12 months.
Maximum term of 60 months for a brand new vehicle and 24 months for a second-hand vehicle.

Low Down Payment
Minimum loan amount of Php200,000.
Maximum loan amount of up to:
80% of purchase/unit price for acquisition or reimbursement of a brand new vehicle.
70% of appraised value for acquisition or refinancing of a second-hand vehicle.

Affordable Monthly Amortizations
Competitive interest rates fixed for the entire term of the loan.
Loan payable through Post Dated Checks or Auto Debit Arrangement.

Availing of a Security Bank Savings Auto Loan is easy and simple.

Loan Qualifications:
Applicant must be at least 21 years old, but not more than 65 years old upon loan maturity.
Has a minimum monthly income of Php40,000.
Has been continuously employed with current employer for at least 2 years.
For self-employed/business/corporation, must be operating legitimately and profitably for the last 3 years.

Submit the following documents during application:

Basic Requirements
Duly accomplished and signed Auto Loan Application Form.
Marriage Contract (if applicable).
Valid Government-issued ID (with signature and photo) of borrower/spouse/co-borrower/co-maker/signatories of the loan.

Requirements for Locally-Employed
Latest Income Tax Return or BIR Form 2316 or 2306 (duly stamped by BIR), OR Pay slips for at least 3 months.
Latest Certificate of Employment with Compensation.

Requirements for Self-Employed/with Business
Income Tax Return or BIR Form 1701 for the last 3 years (duly stamped by BIR).
Audited Financial Statements/Statement of Assets and Liabilities/Statement of Income and Expenses for the last 3 years.
Certificate of Business Registration with DTI (sole proprietorship) or SEC (partnership/corporation).
Articles of Incorporation/Partnership and By-Laws.
Bank Statements or photocopy of Passbook for the last 6 months.
List of 3 major suppliers or customers with contact information.
Latest General Information Sheet (GIS) and Business Background/Company Profile.
Proof of Other Income (Certificate of Deposits, Stock/Bond Certificates, Lease Contracts, etc.).

Requirements for Employed Abroad
Latest Crew Contract (for seafarer/seaman); Latest Employment Contract duly authenticated by Philippine Consulate (for OFWs).
Proof of Remittance (allotment slips) for at least 3 months.

Additional Requirements if Collateral is Used and for Second-Hand/Imported Vehicle
Copy of LTO OR/CR under the name of the seller/applicant.
Deed of Sale.
Bill of lading and importation papers, including proof of payment on custom and duty taxes (for imported units only).

Apply for a Security Bank Savings Auto Loan now!

Click here to view and download the Auto Loan Application Form. For interest rates and other details, call (02) 852-3526 to 29 or visit any of our Security Bank Savings branches nearest you.
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