What Are the Corporate Salary Loan Application Requirements?

Written By Security Bank ()

Updated at September 8th, 2020

Are you interested in applying for a Corporate Salary Loan? Check out our list of requirements below:

Eligibility & Requirements

For employees of accredited companies:

  • Filipino / Foreigners/Expats provided term of loan will be co-terminus with contract and/or period of visa’s validity.
  • At least 21 years old and must not be more than 65 years old upon loan maturity.
  • Regular and permanent with current employer accredited by the Bank; with at least 6 months tenure and with total employment tenure of at least 1 year with a maximum of 2 employers.
  • Must have an office landline and mobile number
  • Minimum Gross Monthly Income, excluding overtime and bonuses:
    • P9,000 for Metro Manila
    • P8,000 for non-Metro Manila

Note: All employee-applicants shall be processed based on their individual qualifications and capacity, subject to the Bank’s credit policies and procedures.

Required Document

FOR INDIVIDUAL APPLICATION (Employee): SBC Forms

  • Completely filled-out and signed Application Form (Borrower and Authorized Signatory of the Accredited Corporate Employer should sign-off on the AF)
  • Duly signed 4 copies of Promissory Note (to sign only at the back portion Borrowers: Signature above printed name); and
  • 4 copies of Disclosure Statement (to sign only on Signature of Borrower over Printed Name)

Standard Requirements

    • Photocopy of company ID (front and back) with 3 specimen signature
    • Photocopy of 1 Government issued ID
    • Photocopy of latest BIR Form 2316 indicating the correct TIN# of the employee and with complete signature on item #s 56-59 or Most recent 1-month payslip or COE
    • Photocopy of 1 month latest payslip OR filled-up COE portion in the application form
    • Other documents that may be further required by Credit

Note: All applications with incomplete requirements will not be processed.

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