Security Bank Car Loan 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.Security Bank finances brand-new and second-hand cars, EVs, big bikes and business fleets for Filipino residents, foreign residents and Filipinos abroad.
- Interest rate, brand new
- 5.61% to 32.52% add-on, 12 to 60 months
- Monthly on ₱1,000,000
- ₱22,087 over 60 months, about 11.7% a year
- Down payment
- As low as 20% of the purchase price
- Loan term
- 12 to 60 months brand new; 12 to 48 months second hand
- Loan amount
- ₱400,000 minimum, up to 80% of the purchase price
- Decision
- 1 banking day, brand new
- Vehicles
- Cars, vans, SUVs, AUVs and light commercial vehicles; 10-wheeler trucks brand new and selected brands only
Security Bank car loan calculator
Pick your car, down payment and term to see the monthly payment at Security Bank, the total interest, the one-time charges and what the car costs you in all, and how Security Bank compares with the cheapest bank for the same loan.
Example car, ₱1,250,000, 20% down, 60 months. Pick your car or type its price.
₱22,087a month
32.52% add-on for 60 months, about 11.7% a year
- Down payment
- ₱250,000
- Loan
- ₱1,000,000
- Total interest
- ₱325,200
- One-time charges
- Quoted on approval
- What the car costs you
- ₱1,575,200
8 of 8 banks for this loan: ₱1,120 a month more than UnionBank.
Pay overMonthlyTotal interest
Shorter terms cost more a month and less in total. Tap a term to use it above.
Security Bank car loan rates by term
Security Bank charges an add-on rate: one figure on the full loan for the whole term, so the rate rises with the term. Security Bank's table does not name the rate type; its rates rise with the term as add-on rates do.
| Car | 12 months | 18 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|---|
| Brand new | 5.61% | 8.44% | 12.14% | 18.18% | 24.72% | 32.52% |
| Second hand | 9.14% | 13.50% | 18.69% | 28.29% | 38.64% | No rate for this term |
| Monthly on ₱1,000,000, brand new | ₱88,008 | ₱60,244 | ₱46,725 | ₱32,828 | ₱25,983 | ₱22,087 |
Standard rates. Standard rates.
Security Bank vs other banks
On the same ₱1,000,000 brand new car loan over 60 months, Security Bank costs ₱22,087 a month: ₱1,120 more than UnionBank, the lowest.
BankMore a month than the lowestMonthly
Security Bank Car Loan: features
- Loan amount, second hand
- ₱100,000 minimum, up to 70% of appraised value
- Down payment, second hand
- As low as 30% of the purchase price
- Approval time, brand new
- Within 1 banking day of a complete application
- Approval time, second hand
- 3 to 5 banking days after a complete application
- Second-hand car age
- Vehicle age plus loan term must not exceed 11 years
- Loan purposes
- Purchase, reimbursement of a brand-new car, refinancing of a second-hand car loan take-out, or a brand-new car for business
- EV Auto Loan
- Hybrids and full EVs of select brands: ₱400,000 minimum, up to 80%, 12 to 60 months, as low as 20% down
- Big bikes
- Selected 400cc and up models: ₱200,000 minimum, 30% down, 12 to 36 months; for valued depositors and GRC
- Business auto loan
- Brand-new rent-a-car, taxi, UV Express, TNVS, school service and trucks: 12 to 36 months, 30% down, decision in 1 to 2 days
- Auto fleet facility
- At least 3 vehicles totalling ₱8 million or more; as low as 20% down; line accreditation takes 10 to 15 days
- EV Auto Loan rate table
- Security Bank's EV Auto Loan uses the same rate table as its standard brand-new car loan (5.61% at 12 months up to 32.52% at 60 months); there's no separate lower EV rate.
Security Bank's own pages differ on minimum joint monthly income: ₱40,000 for brand-new or ₱20,000 for used, on the main Car Loan page; ₱100,000 stated elsewhere on Security Bank's own site. Confirm with the branch before you apply.
Who can get a Security Bank car loan
Security Bank's rules differ by how you earn. Pick yours.
- At least 21 years old, and no older than 65 at final loan maturity
- Joint monthly gross income with spouse of ₱40,000 for brand new or ₱20,000 for used (the bank's pages differ: ₱100,000 elsewhere)
- Filipino citizens living in the Philippines
- Employed for at least 2 years, or an officer, on permanent or regular status
- Partnerships and corporations registered in the Philippines, operating at least 3 years; start-ups need co-makers or sureties
- Filipinos abroad need a Filipino guarantor or co-maker
Security Bank car loan requirements
Tick each document as you gather it, then print the list for your branch visit.
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How to apply for a Security Bank car loan
- Scan your ID and proof of income
- Apply online or at your nearest branch
- Wait for approval, in as fast as 1 banking day
Security Bank car loan fees and terms
What Security Bank charges beyond interest, and the rules after you sign. Your disclosure statement lists the full amount.
- Chattel mortgage fee
- Includes documentary stamp tax, processing fee and notarial fee
- Late payment and collection
- 6% of the unpaid amortization, combined, since October 25, 2021
- One month advance
- First installment at delivery or release; second within 35 days of delivery (new) or booking (second hand)
- Payment method
- Auto-debit from a Security Bank account
- Insurance renewal
- Policy from an Insurance Commission-accredited insurer, endorsed to Security Bank as assignee of the loan
- Release of collateral documents
- Free for loans booked from 2018; ₱700 processing fee for loans booked in 2017 or earlier
Check your Security Bank car loan application status
Numeric reference numbers: use the online status checker. References starting with ALA: call (02) 888-791-88 or email consumerloans@securitybank.com.ph.
How to check the status at every bankSecurity Bank car loan hotline and contact
- Hotline
- (02) 8887-9188
- Auto Loans Division
- 4643000 locals 3111, 3114 and 3509
- Consumer loans email
- consumerloans@securitybank.com.ph
- Application status checker
- Security Bank offers three ways to check an application: the online tool at its check-application-status page (with your case number and last name), the Security Bank Chatbot on Facebook Messenger at m.me/SecurityBank, and the Customer Service hotline (02) 8887-9188 or toll-free 1-800-1-888-1250.
Security Bank car loan questions
What is the Security Bank car loan interest rate?
Security Bank's brand new car loan rates run from 5.61% to 32.52% add-on, for 12 to 60 months. On ₱1,000,000 over 60 months that is ₱22,087 a month.
How much is the down payment for a Security Bank car loan?
As low as 20% of the purchase price.
How long is Security Bank car loan approval?
1 banking day, brand new, once your documents are complete.
What are the requirements for a Security Bank car loan?
Signed car loan application form; Valid government ID with signature and photo for borrower, spouse, co-borrower and co-maker: one primary or two secondary IDs; Dealer quotation; Used or imported units: OR/CR, deed of sale, PNP clearance and macro etching certificate; import papers for imported units.
How do I check my Security Bank car loan status?
Numeric reference numbers: use the online status checker. References starting with ALA: call (02) 888-791-88 or email consumerloans@securitybank.com.ph.
How long does Security Bank approve a car loan?
Security Bank approves brand-new car loans within 1 banking day of a complete application, and second-hand car loans in 3 to 5 banking days.
What are the current car loan rates at Security Bank Philippines?
Security Bank's standard add-on rates for a brand-new car run from 5.61% at 12 months to 32.52% at 60 months, with second-hand cars from 9.14% to 38.64% over shorter terms. Its EV Auto Loan uses this same rate table; there's no separate lower EV rate.
What documents are required to apply for a car loan?
You must be 21 to 65 years old at final maturity, with a joint monthly gross income with your spouse of at least ₱40,000 for a brand-new car or ₱20,000 for used (a separate Security Bank page states ₱100,000, so confirm the figure that applies to you with a branch). Employed applicants need 2 years on permanent or regular status.
How can I contact Security Bank regarding an auto loan?
Call the hotline (02) 8887-9188, the Auto Loans Division at 4643000 locals 3111, 3114 or 3509, or email consumerloans@securitybank.com.ph. You can also check an existing application through the online status checker or the Security Bank Chatbot on Facebook Messenger.
Compare before you apply
Answer 5 questions to see the three car loans that fit you best, or check the requirements at every bank.
