Guide on SB Finance Loans 2023 for Online Applications
SB FINANCE LOANS 2023 – You can check the list below for the loan offers that SB Finance offer for online applications.
Nowadays, more and more people are considering online loans because of the convenience they bring. You don’t have to be absent at work so you can file for the application of your loan. You can do it anywhere – just like the loan applications to SB Finance.
SB Finance, a partnership of Security Bank and Krungsri, is one of the trusted online lenders in the Philippines. Its offers are open for both employed and self-employed individuals and attend to multiple purposes.
The loan application to SB Finance is purely digital. All the requirements are presented through the scanned copies of the documents. You just have to download the Zuki app. You can check the SB Finance loans 2023 that you may apply for below.
If you are looking for a loan offer to obtain cash that can be used for multiple purposes, you may apply for the SB Finance Personal Loan 2023. The said cash loan offer is non-collateral and you can borrow up to P2 million under it.
Under the said cash loan offer, the repayment options is 12, 18, 24, or 36 months. The monthly add-on interest rate is at 2%. A credit card is also not needed to qualify for the loan offer.
SB Finance Motorcycle Loan 2023
If you want to purchase a motorcycle under a loan offer, you may turn to the SB Finance Motorcycle Loan offer that is open for regular, medium, and high-end motorcycles. You may borrow up to P2 million for a motorcycle purchase.
The loan is payable in 12, 18, 24, 30, and 36 months depending on the borrower’s preference. The interest rate is at 1.2% for medium and high-end motorcycles and 2.47% for regular units.
SB Finance Car Loan 2023
Also one of the SB Finance loans this year 2023 is the Car4Cash loan offer. By using your vehicle as the collateral, you may obtain money without your car being taken away from you. You just have to submit the OR/CR of the vehicle as well as the requirements for SB Finance Car Loan Online Application.
SB Finance Hooloogan Loan 2023
SB Finance also offers a credit line through the Hooloogan Loan offer. It offers a credit line with no expiry and under flexible payment terms. The monthly add-on interest rate is at 3.5%. You can use your credit line in making purchases at the partners of the online lender.
To qualify for the SB Finance loans, there is a set of eligibility criteria that you must meet. The qualifications depends whether you are employed or self-employed. If you are locally-employed, you must meet the following eligibility criteria:
- at least 21 years old at the time of application
- not more than 65 years old upon loan maturity
- a Filipino Citizen
- has an office or residence landline
- earning at least PhP15,000 a month if working within Metro Manila; or
- earning at least PhP12,000 a month if working outside Metro Manila
For self-employed applicants, here are the documents needed in appplying for the loan offers of SB Finance:
- at least 21 years old at the time of application
- not more than 65 years old upon loan maturity
- a Filipino Citizen
- has an office or residence landline
- be the owner or a majority owner of the business with at least 40% stake
- be operating a business that has been operating profitably for at least 2 years with at least 1 trade reference
- be earning a minimum gross income of PhP60,000 per month