BDO vs Security Bank Home Loan: 2026 Rate Comparison
Choosing between BDO and Security Bank for your home loan — or refinance — comes down to a handful of key factors: interest rate, rate lock period, approval speed, and flexibility in loan purpose. Below is a detailed, side-by-side look at both banks based on verified 2026 data available through Nook, the Philippines' first digital mortgage broker.
Note: Interest rates are subject to change. Always verify current rates with the bank or through Nook before making a decision.
| Feature | BDO Unibank | Security Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% | 6.99% |
| 5-Year Fixed Rate | Not published | 6.75% |
| Home Equity Rate | 6.00% | 7.50% |
| Min. Monthly Income | P50,000 | P50,000 |
| Max DTI | 40% | 40% |
| Typical Approval Time | 30 days | 23 days |
| Nook Partner Bank | Yes | Yes |
Monthly Payment Comparison: ₱3,000,000 Home Loan Over 20 Years
To make this comparison tangible, here's how your estimated monthly payment differs between BDO and Security Bank on a P3,000,000 home loan with a 20-year term, based on their respective 1-year fixed rates.
| BDO (6.00%) | Security Bank (6.99%) | |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Term | 20 years | 20 years |
| Est. Monthly Payment | ~21,491 | ~23,260 |
| Total Interest (20 yrs) | ~2,157,840 | ~2,582,400 |
| Estimated Savings vs. Security Bank | ~424,560 over 20 yrs | — |
At BDO's 6.00% versus Security Bank's 6.99% 1-year fixed, the difference is roughly 1,769 per month — adding up to over P424,000 in total interest savings over a 20-year term on a P3,000,000 loan. That's a meaningful gap if your priority is minimizing cost during the initial fixed period.
However, keep in mind that both rates are subject to repricing after the fixed period ends. If Security Bank's 5-year fixed rate of 6.75% is used instead, the longer rate certainty may offset some of the short-term savings BDO offers.
Eligible Loan Purposes: BDO vs Security Bank
Both banks cover a wide range of home loan purposes, but there are minor differences worth noting depending on your situation.
| Loan Purpose | BDO | Security Bank |
|---|---|---|
| Refinancing | Yes | Yes |
| Home Equity / Cash-Out | Yes (6.00%) | Yes (7.50%) |
| Ready For Occupancy (RFO) | Yes | Yes |
| Pre-Selling | Yes | Yes |
| New Construction | Yes | Yes |
| Reselling | Yes | Yes |
| Renovation | Yes | Yes |
| Foreclosed Property | Yes | Yes |
Both banks are nearly identical in terms of loan purposes. The one standout difference is the home equity rate — BDO offers home equity loans at 6.00%, while Security Bank charges 7.50%. If you're planning to tap your home's equity for cash, BDO is clearly the better deal.
Employment Types Accepted
Both BDO and Security Bank accommodate a broad range of borrower employment profiles. Here's a comparison:
| Employment Type | BDO | Security Bank |
|---|---|---|
| Private Employee | Yes | Yes |
| Government Employee | Yes | Yes |
| BPO Worker | Yes | Yes |
| OFW / Seafarer | Yes | Yes |
| Self-Employed | Yes | Yes |
| Professional | Yes | Yes |
| Freelancer | No | Yes |
Security Bank has a slight edge here — they explicitly accept freelancers, which BDO does not list as an eligible employment type. If you're a freelancer or independent contractor, Security Bank may be your only option between these two.
Approval Speed: Which Bank Is Faster?
Security Bank has a typical approval time of 23 days, compared to BDO's 30 days. That's a 7-day difference that could matter if you're working against a transfer deadline, a seller's timeline, or trying to lock in a rate quickly before it changes.
For refinancing scenarios, where urgency is typically lower, BDO's slightly longer timeline is unlikely to be a dealbreaker — especially if their lower rate saves you significantly more over the life of the loan. But for purchase transactions with strict timelines, Security Bank's faster turnaround is a real advantage.
If you're considering a refinance with either bank, you can also explore our detailed 2026 refinance rate comparison between BDO and Security Bank for a deeper look at repricing scenarios and takeout options.
Which Bank Should You Choose?
Here's a quick decision guide based on your priorities:
- Choose BDO if: You want the lowest possible 1-year fixed rate (6.00%), you're taking out a home equity loan, or you're comfortable with annual repricing in exchange for a lower starting rate.
- Choose Security Bank if: You want a longer rate lock (5-year fixed at 6.75%) for payment stability, you're a freelancer, or you need faster approval for a time-sensitive purchase.
The good news? You don't have to choose on your own. Through Nook, you can apply to both banks and compare actual offers side-by-side — completely free. Nook's digital mortgage brokers handle the paperwork and negotiations on your behalf, so you get the best deal without the legwork.
You can also explore BDO vs Security Bank home loan takeout rates if you're looking to move your existing mortgage from another bank to either of these lenders.
Not sure which bank suits you?
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Compare My Options →Frequently Asked Questions
What is the current home loan interest rate at BDO in 2026?
BDO's current home loan rate starts at 6.00% per annum for a 1-year fixed term, as verified through Nook's partner bank data for 2026. This also applies to home equity loans. Rates are subject to change, so we recommend confirming the latest rates through Nook or directly with BDO.
What is the current home loan interest rate at Security Bank in 2026?
Security Bank's home loan rates in 2026 start at 6.75% for a 5-year fixed term and 6.99% for a 1-year fixed term. Home equity loans are available at 7.50%. These rates are verified Nook partner bank data and are subject to change — always confirm current rates before applying.
Is BDO or Security Bank better for a home loan?
It depends on your priorities. BDO offers the lowest 1-year fixed rate at 6.00%, making it ideal for borrowers who want the cheapest starting rate. Security Bank's 5-year fixed rate of 6.75% is better for borrowers who want longer payment stability. Security Bank also has faster approval (23 days vs 30) and accepts freelancers. Both are strong choices and both are available through Nook for free.
Can I apply to both BDO and Security Bank at the same time?
Yes — and this is actually one of the best ways to ensure you're getting the lowest rate. Through Nook, you can submit one application and receive offers from multiple partner banks including BDO and Security Bank. Nook's service is completely free to borrowers, and you're under no obligation to accept any offer.
How much can I borrow from BDO or Security Bank for a home loan?
Both BDO and Security Bank offer home loans typically ranging from P1,500,000 to P10,000,000 or more, subject to your income, DTI ratio, and the appraised value of the property. Both banks require a minimum monthly income of P50,000 and cap the debt-to-income ratio at 40%.
What documents do I need to apply for a home loan at BDO or Security Bank?
Standard requirements for both banks typically include valid government-issued ID, proof of income (payslips or ITR), proof of employment or business registration, and property documents. Nook guides you through exact document requirements during your application and handles submission on your behalf.
Which bank approves home loans faster — BDO or Security Bank?
Security Bank has a faster typical approval time of 23 days, compared to BDO's 30 days. If your timeline is tight — for example, you have a purchase deadline — Security Bank may be the better choice for speed. Both timelines assume a complete and accurate application.
Does Security Bank accept OFW home loan applications?
Yes, Security Bank accepts OFWs and seafarers as eligible borrowers for home loans. BDO also accepts OFW applicants. Both banks have competitive rates and accessible requirements for overseas Filipino workers looking to purchase or refinance a property in the Philippines.