Security Bank Philippines Salary Advance loan

How to apply for Security bank Philippines Salary advance loan and requirements

Last Updated on October 12, 2023 by admin

With the rise of new-age borrowing sources, the consumer finance space is delivering a wide range of options across segments to its customers. Security Bank Philippines Salary Advance loan is an instant cash facility designed to provide an urgent Credit facility to net monthly salary upfront. Available to staff of private companies and government agencies.

Security bank Salary advance loans is a short-term loan that is extended to salaried professionals. It can be used for any purpose such as medical expenses, covering huge expenditures, or any other emergency. It’s only available to employees whose companies are Salary Advance-Accredited.

Read: How to apply for Security bank Philippines salary loan and requirements

Salary loans benefit both the employee and the employer and it prevents employees from going into any cash crunches from their early days of employment. Salary advance applications are making the process more seamless and hassle-free with their instant approval and quick cash transfer.

The loan amount of salary advance is up to P5,000 to P30,000 and repayment terms range from 5 days up to 3 months when approved. It’s approved Within 10 minutes via SMS request

The loan amount, in the traditional sense of the term, is deducted by the employer from the employee’s salary itself. The loan facility is Safe, reliable and cheap access to emergency cash ahead of payday

The bank charges lower rates of interest on their Salary advances facility with Auto-payment along with the borrowed amount via salary deduction.

It requires Less administrative work and is easy to qualify once you are employed by a reputable organization.




1. Fully accomplished Credit Agreement Form
2. One Primary ID or 2 Secondary IDs
3. Must have a mobile number and landline
4. With declared 2 reference persons with corresponding contact information during the signing of credit agreement

Also read: Union Bank Philippines Salary Loans, Auto and House loan: How to apply and Requirements


1. Memorandum of Agreement (MOA)
2. Secretary Certificate or Board Resolution reflecting authorized signatories of the company





1. You must be at least 21 years old and must not be more than 65 years old upon loan maturity
2. Employees of Salary Advance- Accredited Company can apply
3. Filipino / Foreigners/Expats provided term of loan will be co-terminus with contract and/or period of visa’s validity

4. Banks will not perform any checking of employment status (regular/permanent) or tenure. Instead, borrower must have at least 6 months’ worth of payroll credits
5. You must be an active employee with regular/permanent status of employment
6. With average net monthly payroll credits for the last 6 months of at least:Non-BPO- Php 10,000.00 for 1st loan availment and Php 5,000.00 for repeat clients

7. BPO-Php 20,000.00 for 1st – 4th loan availment and Php 15,000.00 for 5th loan availment onwards


1. Registered business in the Philippines
2.At least 100 eligible employees
3. Payroll client of Security Bank

How to get accredited?

To qualify for salary advance loan, Employers may get in touch with the Security Bank team for accreditation, and submit the required documents for accreditation.

Also Read: Banks and Online lenders in Philippines that offers Business Loans

How do I apply for SALAD?

You can apply or enrol by submitting the following:

1. Duly filled-out and signed Credit Agreement Form (CAF).
2. Photocopy of 1 valid ID with address or 2 secondary IDs with address



During Unpredictable situations like sudden sickness weddings, travel tours can throw expenses off-track. During such times, instead of breaking into fixed deposits or taking an emergency loan with a high-interest rate, salary loans can seem like a far better option. This helps you avoid huge expenditure cuts in the future.



Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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