What are the Rates?

• Enjoy terms that will make you feel at home with low interest rates starting at 6.25% fixed for 1 to 3 years.

*Valid for bookings from January 4 up to April 15, 2020 only. Fixing period is how long you want to lock in your interest rate.

How Much Can You Borrow?

• Loan up to 80% of your desired property!

How to Apply

• Start living in your new home with just 8 simple steps!

1. Apply through:
   • Accredited Developers
   • Online
   • Download Home Loan Application Form together with the requirements and submit at a branch near you.
2. Receive SMS on Application Status
3. Confirm Approval Details via email
4. Sign loan documents
5. Open a Security Bank account
6. Pay bank charges
7. Submit documents for loan release
8. Move in to your new home

What are the requirements required for a Housing Loan?

Required Documents:

• Home Loan Online Application Form
• List of Required Documents
• Special Power of Attorney (SPA)

1. For Locally-Employed Borrowers:
   • Completely filled out and signed application form
   • Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
   • Any ONE of the following income documents:
     • Latest Certificate of Employment and Compensation | Sample
     • Latest Income Tax Return
     • Latest 3 months Payslips
     • Latest 3 months Bank Statements
   • Note: to credit commission income, kindly submit latest 6 months payslips
   • Mortgage Redemption Insurance (MRI) Application Form
   • Relevant collateral documents (Section E)
2. For Self-Employed Borrowers:
   • Completely filled out and signed application form
   • Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
   • Income Tax Return (1701 for sole proprietary owner; or 1702 for Corporation)
   • Any ONE of the following income documents:
     • Audited Financial Statements (Latest 1 year)
     • Bank statements (Latest 3 months)
     • Lease/Rental Contracts
   • Note: For licensed Real Estate brokers and licensed Insurance brokers, kindly submit latest 12 months proof of income to credit commission-based income
   • Mortgage Redemption Insurance (MRI) Application Form
   • Relevant collateral documents (section E)
3. For Corporate Borrowers:
   • Completely filled out and signed application form
   • Company profile: background, owners, key officers
   • SEC Registration and General Information Sheet
   • Bank Statements (latest 3 months)
   • Income Tax Return (1702 for Corporation) with Audited Financial Statements for the past 3 years
   • Suppliers contact info (with average monthly transactions)
   • Customer’s contact info (with average monthly transactions)
   • Authorization letter (for bank, business and trade checkings)
   • Mortgage Redemption Insurance (MRI) Application Form
   • Relevant collateral documents (Section E)
4. For OFW Borrowers:
   • Completely filled out and signed application form
   • Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
   • Any ONE of the following income documents:
     • Certificate of Employment with compensation (issued within the last 6 months)
     • Latest Crew Contract (for seafarer/seaman)
     • Latest Employment Contract (for land-based OFWs)
     • Allotment Slip
     • Latest 3 months payslip; OR bank statement for past 3 months
   • Note: For OFWs hired directly abroad, any TWO income documents are required
   • Consularized Special Power of Attorney is needed if with attorney in fact
   • Mortgage Redemption Insurance (MRI) Application Form
   • Relevant collateral documents (Section E)
5. Collateral Document Requirements
   • Copy of collateral title (TCT/CTC) | Sample
   • Copy of Tax Declaration on land and/or improvement | Sample: Land or Condo
   • Signed Authority to Inspect and Verify (bank form)
   • Appraisal Fee paid to SBC: OR Number
6. Acquisition from Accredited Developer
   • Contract to Sell; or Reservation Agreement | Sample
7. Home Construction or Renovation:
   • Bill of Materials and Estimates of Construction and Labor Cost | Sample
   • Floor and Building Plan and Building Specifications | Sample

What are the loan terms available?

• Minimum of 1 year
• Maximum of 25 years for house & lot
• Maximum of 20 years for townhouse or duplex
• Maximum of 15 years for residential vacant lot, or condominium unit

What are the types of housing loan I can avail from the Bank?

• Acquisition of residential house and lot, townhouse, duplex, condominium unit, or residential vacant lot House Construction
• Refinancing/Take-out of existing housing loan from another bank
• Reimbursement of acquisition or construction cost
• Home Equity Loan

How can I pay for my loan?

• Auto Debit Arrangement (ADA) – payment will be automatically deducted from your Security Bank account

How can I pay through Auto Debit Arrangement (ADA)?

• Open an account in any Security Bank branch
• Enroll the account as your settlement account for your housing loan upon loan booking

How are my payments/amortizations collected?

• Equal monthly amortization of principal and interest to be collected 1 month after loan release
• Subsequent amortization due dates shall follow the date of the first amortization