BDO vs Security Bank

BDO vs Security Bank Home Loan: Rate Comparison 2026

Interest rates are the single biggest factor in your total loan cost over 15–25 years. Here's how BDO and Security Bank stack up on their current published home loan rates — both are Nook partner banks, so you can apply to either (or both) through Nook at zero cost to you.

Rates are subject to change. Always verify current rates directly with the bank or through your Nook advisor before making a decision.

BDO's 1-year fixed rate of 6.00% p.a. is currently the lowest available through Nook — and significantly below the 7%–10% most Filipino homeowners are paying on their existing loans. On a 3,000,000-peso loan over 20 years, refinancing from 9.00% down to 6.00% could reduce your monthly payment from approximately 27,000 to around 21,500 pesos — a monthly saving of roughly 5,500 pesos. Security Bank's 1-year rate of 6.99% is still highly competitive and well below most borrowers' current rates, making it a strong option as well.

Security Bank also offers multi-year fixed options (3-year at 7.25% and 5-year at 7.75%) for borrowers who want rate certainty for longer. BDO does not publish extended fixing periods at the same tier, so if locking in for 3–5 years is a priority, Security Bank deserves serious consideration. For a broader rate landscape, see our Security Bank vs BDO vs BPI home loan rates comparison for 2026.

Monthly Payment Comparison: How Much Could You Save?

To make the rate difference tangible, here are estimated monthly amortizations at both banks' 1-year fixed rates across common loan amounts over a 20-year term. These figures are approximations for illustration purposes.

All figures are estimates based on a 20-year loan term and indicative rates. Actual monthly payments will depend on your final approved rate, loan term, and any applicable fees.

The monthly difference grows significantly with loan size — a 10,000,000-peso borrower choosing BDO over Security Bank could save roughly 5,834 pesos every month during the first fixing period. Of course, rates reprice after the fixed term ends, so the long-term picture also depends on future repricing rates and your refinancing strategy.

Approval Speed & Processing Time

If you're refinancing because your rate is repricing soon or you need to access home equity quickly, approval speed matters.

Security Bank's 23-day typical approval timeline is notably faster than BDO's 30 days — a difference of roughly one week. For most borrowers, this gap is manageable. But if your current loan rate is repricing in 45 days or you have a time-sensitive property transaction, Security Bank's faster turnaround can be the deciding factor.

When you apply through Nook, our team helps you prepare a complete, accurate application package for whichever bank you choose — which minimises back-and-forth and helps keep processing on track. Incomplete applications are one of the most common causes of delays at any bank.

Eligibility Requirements Compared

Both BDO and Security Bank have similar baseline eligibility criteria, making them accessible to a wide range of Filipino borrowers.

One notable difference: Security Bank explicitly accepts freelancers as a qualified employment type, while BDO's published criteria covers the standard employed and self-employed categories. If you earn income as a freelancer — particularly in creative, tech, or digital industries — Security Bank may be the more straightforward path to approval.

Both banks apply a 40% maximum debt-to-income (DTI) ratio, meaning your total monthly loan obligations (including the new home loan) cannot exceed 40% of your gross monthly income. With a minimum income threshold of 50,000 pesos per month at both banks, a borrower at exactly that income level could qualify for a monthly amortization of up to 20,000 pesos.

Loan Purposes: What Can You Use the Loan For?

Both banks support a broad range of home loan purposes, covering everything from refinancing existing loans to purchasing new properties.

For borrowers looking to refinance, both banks are fully equipped. BDO holds a clear edge for home equity loans, where its 6.00% rate significantly undercuts Security Bank's 7.50% — a difference of 150 basis points that translates into substantial savings if you're unlocking equity from your property. For a deeper look at how these two banks compare specifically on refinancing, see our BDO vs Security Bank refinance rates guide.

Summary: BDO vs Security Bank at a Glance

The right choice depends on what you prioritise most. Rate-focused borrowers and those looking for home equity loans should lean toward BDO. Borrowers who need faster approval, prefer a longer rate lock, or earn freelance income will find Security Bank a better fit. Nook can help you evaluate both offers side by side — and our service is completely free to borrowers. You can also compare BDO, BPI, and Security Bank together if you want a wider view before deciding.