Interest Rates Comparison
BDO Unibank Rates
- 1-Year Fixed: 6.00%
- Home Equity: 6.00%
Security Bank Rates
- 1-Year Fixed: 6.99%
- 5-Year Fixed: 6.75%
- Home Equity: 7.50%
BDO clearly leads with the lowest rate at 6.00% across both their 1-year fixed and home equity products. Security Bank's rates range from 6.75% to 7.50%, making BDO the more affordable option.
Savings Calculator: 5,000,000 Loan Example
| Bank | Interest Rate | Monthly Payment | Total Interest (20 years) | Savings vs Higher Rate |
|---|---|---|---|---|
| BDO | 6.00% | 35,847 | 3,603,348 | Base comparison |
| Security Bank (1-Year) | 6.99% | 38,641 | 4,273,889 | -670,541 more expensive |
| Security Bank (5-Year) | 6.75% | 38,082 | 4,139,634 | -536,286 more expensive |
On a 5,000,000 loan over 20 years, BDO could save you over 500,000 compared to Security Bank's rates. Even Security Bank's best 5-year fixed rate at 6.75% costs 536,286 more than BDO's 6.00% offering.
Processing Speed & Requirements
BDO Processing
- Approval Timeline: 30 days
- Min Monthly Income: 50,000
- Max DTI: 40%
- Employment: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
Security Bank Processing
- Approval Timeline: 23 days
- Min Monthly Income: 50,000
- Max DTI: 40%
- Employment: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer
Security Bank processes loans 7 days faster than BDO and accepts freelancers, while both banks maintain identical income and DTI requirements. If speed is your priority, Security Bank's 23-day timeline gives them an edge.
Loan Purpose Flexibility
BDO Accepted Purposes
- Home Equity
- Foreclosed Properties
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Renovation
- Reselling
Security Bank Accepted Purposes
- Foreclosed Properties
- Home Equity
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Refinancing
- Renovation
- Reselling
Both banks offer comprehensive loan purpose options. Security Bank specifically lists refinancing as an accepted purpose, while BDO focuses on home equity and property purchases. Both cover the full spectrum of homebuying needs.
Why Choose Through Nook
Both BDO and Security Bank are verified Nook partner banks, meaning you get:
- Free broker service - No fees to you
- Expert guidance - Navigate the application process with professional support
- Rate verification - Confirm you're getting the advertised rates
- Streamlined process - One application, multiple bank options
Whether you choose BDO's lower rates or Security Bank's faster processing, applying through Nook ensures you get the best possible terms with professional support throughout the process.
Note: Interest rates are subject to change. Please verify current rates when applying.
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Compare My Options →Frequently Asked Questions
Which bank offers lower home loan rates - BDO or Security Bank?
BDO offers significantly lower rates with their 6.00% fixed rate compared to Security Bank's 6.99% 1-year fixed rate. This rate difference can save you hundreds of thousands over the life of your loan.
How much faster is Security Bank's loan processing compared to BDO?
Security Bank processes home loans in 23 days compared to BDO's 30-day timeline, making Security Bank 7 days faster. This can be significant if you need quick loan approval for time-sensitive property transactions.
Do BDO and Security Bank have the same income requirements?
Yes, both banks require a minimum monthly income of 50,000 and maintain a maximum debt-to-income ratio of 40%. The main difference is that Security Bank also accepts freelancers while BDO does not.
Can I refinance my existing home loan with both BDO and Security Bank?
Yes, both banks offer refinancing options. Security Bank specifically lists refinancing as an accepted loan purpose, while BDO offers home equity loans which can serve the same purpose for accessing your home's equity.
What's the advantage of applying through Nook for BDO or Security Bank loans?
Applying through Nook gives you free broker service, expert guidance through the application process, and access to verified rates from both banks. You can compare options side-by-side and get professional support without any fees.