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Security Bank “Highly Commended” for Loan Product at Bank Awards

The Filipino star

November 7, 2021 | 00h00

MANILA, Philippines – Security Bank Corp. was recognized by the British financial journal Retail Banker International (RBI) as a pioneer in product innovation at the RBI Asia Trailblazer Awards 2021 for its product Doctor’s Loan.

RBI has recognized this loan product as the best loan offer, giving it a “highly recommended” rating.

“The 2021 edition of the awards received more than 300 entries from 25 countries across the Asian continent representing top consumer finance and retail banking companies. Some of the key takeaways from nominations for the awards in 2021 include the resilience of the regional banking sector and its ability to develop innovative solutions and deliver new offerings in record time to help tackle the financial implications on their clients by response to the COVID-19 pandemic. “said RBI.

“Being nimble in meeting the needs of the communities we serve at Security Bank, we knew we had to provide financial support to our physicians when needed. With our medical loan, we are able to help our frontline clients secure funding for their child’s tuition, clinic renovations and additional cash, ”said Sanjiv Vohra, President and Chief Executive Officer. from the management of the Security Bank.

Thanks to the loan offer, doctors were able to secure loans with a three-month payment deferral without interest, a special interest rate, and flexible payment terms of up to 60 months, with the loans approved. within three to five working days.

The Doctors Loan product, which is a variant of the bank’s Corporate Salary Loan, was rolled out in May 2020 to the medical community, starting with St. Luke’s Medical Center, a leading hospital in Metro Manila. .

“As we strive to become the most customer-centric bank in the Philippines, we will continue to invest in what matters to our customers. With this recognition, we can reaffirm our commitment to providing our customers with services to power BetterBanking, ”Vohra said.

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