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GCash Special Auto Loan Promo
Introducing our newest auto loan program for GCash customers. Take home your dream car today with affordable rates, quick approval, and free insurance for an entire year.
Apply online nowGet pre-qualified
Overview
Buying a car has never been easier! Apply for a car loan that suits your lifestyle with flexible payment terms and fast approval. It also comes with FREE 1 year car insurance.*
You can use your car loan for the:
- Purchase of a brand new or secondhand car for personal use
- Reimbursem*nt of a brand new vehicle
- Refinancing of a secondhand car/loan take-out
- Purchase of a brand new car for business use such as:
- Car rental Services
- Transport Services (e.g Taxi, Grab, UV Express, School Service, Company Use/Employee Service)
- Cargo (e.g. Trucks)
*Only applies to brand new and personal use cars.
Brand new auto loan rates
| Term | Standard | With One Month Advance |
| 12 | 5.47% | 4.69% |
| 18 | 8.23% | 7.38% |
| 24 | 11.86% | 10.94% |
| 36 | 17.76% | 16.76% |
| 48 | 24.13% | 23.05% |
| 60 | 31.76% | 30.57% |
At a glance
| Loan amount | Brand new: up to 80% of purchase price Secondhand: up to 70% of appraised value |
| Payment terms | Brand new: 12 to 60 months Secondhand: 12 to 48 months |
| Down payment | As low as 20% of purchase price |
| Approval time | 3-5 banking days* |
| Maximum car age | Up to 11 years old** |
*from receipt of complete application form and requirements
**for secondhand, the age of vehicle + loan tenor should not exceed 11 years
GCash Welcome Gift
| Auto Loan Type | Minimum Loan Amount | Welcome Gift |
| Brand new | PHP400,000 | PHP2,500 eGift |
| Used/ Secondhand | PHP100,000 | PHP2,500 eGift |
Per DTI Fair Trade Permit No. FTEB-197726 Series of 2024.
Check how much you can borrow
Terms and Conditions
Promo Mechanics
- The Security Bank Auto Loan Acquisition Promo (“Promo”) is open to new applicants who:
- Will apply for Security Bank Auto Loan through GCash online platform within the promo period and whose applications are approved and booked within 30 days from the promo end dateand
- Who do not have any existing Auto Loan with Security Bank under the same Promo.
- Promo Period is from July 15, 2024 to December 15, 2024, as approved by DTI Fair Trade Permit No. FTEB-197726 Series of 2024.
- A client may only qualify for one promo at any given time. If a client is approved for multiple loans under different acquisition promos within the same period, he/she will be entitled to only one (1) eGift. The eGift will be applied to the first loan booked for the client. The newly approved Auto Loan shall be entitled to receive the eGift upon booking of the loan account.
Auto Loan Type Minimum Loan Amount eGift Brand new PHP400,000 Php2,500 eGift Used/Secondhand PHP100,000 Php2,500 eGift - The redemption process of this Promo will be as follows:a) The client will receive an email from Giftaway within 30 days from the date of entitlement which is the booking date.b) The client must follow the instructions to be able to access the unique eGift code on Giftaway’s website.c) Client must choose from the list of merchants and click on the redeem button to claim the eGift, eGift terms and conditions shall be provided per merchant.d) Unique eGift code is valid for 60 days from the day of receipt.
- By redeeming through Giftaway, the client is responsible for providing his/her personal information and other information that may be required by Giftaway and agrees that such information shall be subject to the confidentiality, data privacy, and security terms of Giftaway.
- All terms and conditions relating to the eGift and its use as indicated in the Giftaway website shall apply.
- The personal information we collect from you will be used, or shared with third parties (including related companies, third party service providers, and third-party sellers), for the completion of the redemption process for Security Bank. Further, the client, by availing of the Auto Loan qualified under the Promo, agrees to receive SMS/text messages or e-mails in relation to the Promo, such as but not limited to SMS or e-mails confirming earning of redemption code upon booking of the loan account.
- The eGift can only be availed of once. A client who has already made a redemption under the Promo may no longer redeem again. In case the client is found to have made multiple/invalid redemptions or is found to have redeemed using fraudulent schemes, Security Bank shall have the right to charge the cost of the eGift to the client.
- All questions or disputes regarding the client’s eligibility for the promotion, redemption, coverage of dates and fulfillment, shall be resolved by Security Bank.
- Exchanging eGift for another kind of Gift or eGift under another Promo is not allowed.
- The eGift code is non-transferrable, not convertible to cash, non-refundable, and not replaceable when lost, and is not for sale. Lost or deleted codes may be requested subject to validation by Security Bank in accordance with the Terms and Conditions of the Promo pertaining to redemption and use.
- This Promo cannot be used in conjunction with other ongoing promos of Security Bank and is subject to the Terms and Conditions governing the approval of Security Bank Auto Loan.
- All queries regarding this promo shall be directed to Security Bank Customer Service Hotline at +632 8887-9188 or contact us at [emailprotected]
- All applications shall be processed following the standard evaluation and approval process of Security Bank.
DTI Fair Trade Permit No. FTEB-197726 Series of 2024
