Security Bank, MarCoPay ink auto, home loans deal | BusinessMirror

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Security Bank, MarCoPay ink auto, home loans deal | BusinessMirror
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Security Bank Corp. (PSE: SECB) announced recently it has partnered with non-bank electronic money issuer MarCoPay Inc. (MCP) to offer seafarers and their families with preferential rates for Auto and Home Loan offerings.

SECURITY Bank Corp. announced recently it has partnered with non-bank electronic money issuer MarCoPay Inc. to offer seafarers and their families with preferential rates for Auto and Home Loan offerings. Users of MarCoPay’s eponymous app can avail of SECB’s auto loans for 5.27 percent add-on interest rate and home loans for a 6.25-percent interest rate per annum.

“We are pleased to partner with MCP to be able to offer our Filipino seafarers with greater options and flexibility when it comes to getting a car or home for them and their loved ones in the Philippines. Through MCP’s strategic partnership with MUFG, we have been able to offer our products to their users through the MUFG connection,” a statement quoted SECB Retail Product Group Head Rahul Rasal as saying.

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