Security Bank Savings

	Acceptable Loan Purpose Purchase of any product or service (e.g. tuition fees, gadgets, etc.) Payment for any personal consumption (e.g. debt consolidation, etc.)
	Acceptable Loan Amount Minimum loan amount of Php15,000 up to a maximum of Php1,000,000
	Flexible Payment Terms Several payment options of 12, 18, 24 and 36 months.
	Reasonable Interest Rate You can get as low as 1.39% monthly add-on rate depending on your chosen term.
	Worry-free Availment No need for a guarantor or a collateral.

Availing of a Security Bank Savings Personal is easy and simple.

Loan Qualifications

Applicant must be at least 21 years, old but not more than 65 years old upon loan maturity.

1.	Is a Filipino citizen.
2.	Has an office or residence landline.
3.	Reside or work within the bank’s service processing area.
4.	For Employed:

a.	Of regular and permanent status with current employer and with total employment of at least 2 years.
b.	Income Requirement:
	i.	PHP15,000 gross monthly income for Metro Manila applicants
	ii.	PHP12,000 gross monthly income for outside Metro Manila applicants

For Self - Employed:

a.	With at least 2 continuous years of profitable operations in the same line of business
b.	Income Requirement:
	i.	Php30,000 gross monthly income and Php15,000 net monthly income for Metro Manila applicants
	ii.	Php25,000 gross monthly income and Php12,500 net monthly income for non-Metro Manila applicants

Submit the following documents during application:

Basic Requirements

		i.	Duly accomplished and signed Personal Loan Application Form.
		ii.	Photocopy of Company ID with clear photo and signature
		iii.	Photocopy of 1 valid government-issued photo ID with 3 specimen signatures

Photocopy of Company ID with clear photo and signature

a.	Proof of Income
	i.	Latest original 1 month payslip
	ii.	Latest BIR Form 2316

Requirements for Self-Employed

a.	Proof of Income
	i.	o Latest ITR with BIR stamp and tax receipt
	ii.	2 years Audited Financial Statements
	iii.	SEC/DTI Certificate of Registration
	iv.	6 months Bank Statements

Note: Other documents may be required as needed to process the loan.

LOAN AMORTIZATION TABLE

TENOR	12 Months	18 Months	24 Months	36 Months
Monthly Add On Rate	1.39%	1.49%	1.59%	1.69%
Monthly Effective Rate	2.46%	2.63%	2.77%	2.83%
Amount	Approximation of Monthly Amortization
15,000	1,459	1,057	864	671
50,000	4,862	3,523	2,879	2,234
100,000	9,724	7,046	5,757	4,468
300,000	29,170	21,137	17,270	13,404
500,000	48,617	35,228	28,784	22,339
1,000,000	97,234	70,456	57,567	44,678

FEES AND CHARGES

 Processing Fee:	Php2,000 (deducted from loan proceeds)
 Documentary Stamps:	Php1.00 for every Php200, only for loans Php250,000 and above
 Late Payment Fee:	3% of overdue amount or minimum of Php500.00
 Returned Check Fee:	Php500.00 per check
 Early Settlement Fee:	5% of the remaining principal balance or minimum of Php500.00
 Notarial Fee:	Php100 only for loans Php100,000 and above
 SOA Certification Fee:	Php100 per SOA request

*Interest rates and charges are subject to change without prior notice. Rates are effective as of June 28, 2010. All applications will be subject to the Bank’s credit policies and procedures.