Security Bank Personal Loan – Is Collateral / Guarantor Needed in Applying?

Guide on Whether A Collateral / Guarantor Is Needed in Applying for Security Bank Personal Loan

SECURITY BANK PERSONAL LOAN – Here is a guide on whether a collateral or a guarantor is needed in applying for the said Security Bank loan.

Nowadays, when you run out of cash, there are a lot of loans that you may turn to. Some are offered by lending companies and some are offered by banks and the government agencies. Each may bear a unique feature.

With regards to banks, one of those with several loans offered to the public is the Security Bank. In fact, this private bank can assist even in making big purchases like buying a house or a car.

On the other side, if you have other purposes and you need some cash, you may apply for the Security Bank Personal Loan. It is a multi-purpose loan offer than can help you make ends meet, make a big purchase, travel, host an event, cope with medical emergencies.

Security Bank Personal Loan

Who are eligible to apply for this Security Bank loan offer?

The eligibility qualifications set by Security Bank include the citizenship, age, and source of income of the applicant. To be eligible to apply for the said offer, the applicant must be:

  • at least 21 years old but not more than 65 years old upon the loan maturity
  • a Filipino citizen
  • having an office or residence landline
  • employed or self-employed and earning at least:
    • If employed – Php 15,000.00 for Metro Manila-based employees | Php 12,000.00 for employees based outside Metro Manila
    • If self-employed – Php 30,000.00 if within Metro Manila | Php 25,000.00 if outside Metro Manila

Are you curious if a collateral or a guarantor is needed in applying for Security Bank Personal Loan? The good news is none of it is needed as long as you are eligible to apply for it. Your application will be evaluated by the bank.

You may want to check on how much you can borrow under this offer. Feel free to visit – SECURITY BANK PERSONAL LOAN: Minimum & Maximum Loanable Amounts.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: SECURITY BANK LOAN OFFERS – Updated List of Security Bank Loans

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