SB Finance 

They say money is like a sixth sense and you can't use the other five without it. That's why it's normal to feel tired of worrying about your financial problems. Because actually, money is crucial, so it's a big problem if you don't have it.

Sometimes the money you earn from your job is enough to cover your basic expenses. There is nothing left for unexpected costs like medical bills, car repairs, etc. SB Finance can be the best option in the market for your case!

Why SB financing is the best option on the market?

Fortunately, these problems are not something you need to worry about when you borrow money from a bank. SB Finance, for example, offers loans with terms that will require the kind of arrangement you need to push yourself back from any setback rather than put you into additional financial misery.

Unlike other banks, SB Finance has earned a reputation for providing Filipinos with a more favourable experience when it comes to the application process, higher approval rates, and low-interest rates, especially at the height of the pandemic.

You can borrow anywhere between ₱30,000 and ₱2.000.000. In that sense, they have a wide range of loan options that will suit the unique requirements of any applicant. 

Maybe your child's exams are just around the corner, but you don't have the money to shell out their tuition. It doesn't have to be another promissory note because SB Finance offers personal cash loans that you can use to bridge the gap in your child's education.

Not to mention schools embracing the hybrid education system today, where electronic devices have become a necessity to aid in student learning. You can use your loan funds to purchase a computer or tablet, among other things, to create a more conducive learning space in your home.

These are just some of the reasons why you might need a personal loan. It could be that you need financing for a medical emergency or a home improvement project that you've been anxious to tackle. Whatever the case, the first thing is to make sure you meet the requirements.

How to qualify for a loan from SB Finance?

Qualifying for Security Bank financing is relatively easy. These are the basic requirements that you must meet:

• Filipino citizen.
• Be at least between 21-65 years.
• A home or office landline in the country.
• A gross monthly income of ₱15.000.
• For a self-employed, the applicant must have a business that has been active for at least two years with a monthly gross income of ₱100.000.

Documentary requirements for a personal loan from Security Bank

For employed applicants:

• Company/Job ID.
• A valid government-issued ID.
• The last COE or ITR.
• Last monthly payroll if applicable.

For freelancers:

• A valid government-issued ID.
• Business or mayor's permit.
• Last year's audited financial statement.
• DTI certificate or SEC registration.
• Bank statement for the last three months.
• Fully digital loan application

Unlike many banks that remain conservative when it comes to accepting loan applications, SB Finance no longer requires you to go to the bank to fill out paper forms. All you have to do is download the app, choose the type of loan you need, and fill in the required details. It's almost as easy as booking a plane ticket to your next travel destination.

If you can't call that a remarkably stress-free loan application process, then I don't know what is. All it takes is a few minutes of your time. No need to leave work or home just to do bank transactions after waiting your turn in a long queue.

Plus, if you're a Security Bank customer, you can count on loan funds being credited to your SB savings account. Otherwise, you can visit the designated Security Bank Loan Release area where you can pick up and cash a Manager's Check for the loan proceeds.

Get your approval in a day!

Quick approval is advantageous for all borrowers, especially those who need cash for emergencies.

It takes no more than five business days to find out if you've been approved for a personal loan from Security Bank.

That's record time in the Philippines, where most banks typically take at least two weeks before you can expect a call asking you to provide additional documents, which means another review period of two weeks or so.

Flexible terms and super friendly interest rates

You can choose between a loan term of 12, 18, 24, and 36 months. The monthly interest rate starts at 1.89%, being the annual percentage rate or APR of 29.48%.

That's as low as you can find at all banks, and you have a better chance of not missing any payments. Therefore, you can prevent further debt from piling up by not having to worry about exorbitant interest rates.

Some final remarks

It is an understatement to say that the Security Bank has revolutionized the scope of applying for a loan in the Philippines.

With the fully digital application process, fast approval, and super-low interest rates, you can be sure the help you need is on the go quickly without having to suffer devastating long-term repercussions.

All of that makes a world of difference to every Filipino in need.