How to Pay a Car Loan in Security Bank

Paying off a car loan at Security Bank involves several methods, each designed to provide convenience and flexibility to borrowers. Understanding these options and choosing the one that best fits your needs can simplify the repayment process. Here's a detailed guide on how to manage your car loan payments effectively:

1. Online Banking:
   Security Bank offers a seamless online banking platform that allows you to manage your car loan payments from anywhere. To pay your car loan online, follow these steps:

   • Log in to your Security Bank online account.
   • Navigate to the “Payments” or “Transfer” section.
   • Select “Loan Payment” and choose your car loan account.
   • Enter the payment amount and select your funding account.
   • Confirm the payment details and submit.

2. Mobile App:
   The Security Bank mobile app provides an easy way to make car loan payments using your smartphone. Here’s how to use it:

   • Download and install the Security Bank mobile app from your app store.
   • Log in using your online banking credentials.
   • Tap on “Payments” and select “Loan Payment.”
   • Choose your car loan account and enter the payment amount.
   • Confirm the details and authorize the payment.

3. ATM Payments:
   You can also pay your car loan at any Security Bank ATM. Follow these steps:

   • Insert your ATM card and enter your PIN.
   • Select “Pay Bills” or “Loans” from the menu.
   • Choose “Car Loan” and enter your loan account number.
   • Specify the payment amount and confirm the transaction.

4. Branch Payments:
   For those who prefer in-person transactions, visiting a Security Bank branch is an option. Here’s how:

   • Visit your nearest Security Bank branch.
   • Approach the teller and inform them you wish to make a car loan payment.
   • Provide your loan account number and the payment amount.
   • The teller will process your payment and provide a receipt for confirmation.

5. Auto-Debit Arrangement:
   Setting up an auto-debit arrangement can ensure timely payments. Here’s how to arrange it:

   • Log in to your Security Bank online account or visit a branch.
   • Request to set up auto-debit for your car loan.
   • Provide the necessary details such as your bank account information and loan account number.
   • Review and authorize the auto-debit arrangement.

6. Post-Dated Checks:
   If you prefer using checks, you can pay your car loan with post-dated checks. Follow these steps:

   • Write a post-dated check for the payment amount.
   • Visit a Security Bank branch or send the check to the loan servicing address.
   • Ensure that the check is dated correctly and has the necessary information.

Key Points to Remember:

• Ensure that you always make payments before the due date to avoid late fees.
• Keep track of your payment schedule and confirm each transaction through your bank statements or online account.
• If you encounter any issues or have questions, contact Security Bank’s customer service for assistance.

By following these methods, you can efficiently manage and pay off your car loan with Security Bank, ensuring a smooth and hassle-free experience.