Interest Rate Comparison
BDO Unibank Rates
- 1-Year Fixed Rate: 6.00%
- Home Equity Rate: 6.00%
Security Bank Rates
- 1-Year Fixed Rate: 6.99%
- 5-Year Fixed Rate: 6.75%
- Home Equity Rate: 7.50%
BDO holds a clear rate advantage with 6.00% across both 1-year fixed and home equity products, beating Security Bank by 0.75-1.50 percentage points depending on the product.
Monthly Payment Impact
| Loan Amount | BDO Monthly Payment (6.00%) | Security Bank Monthly Payment (6.75%) | Monthly Savings with BDO |
|---|---|---|---|
| 3,000,000 | 25,331 | 26,268 | 937 |
| 5,000,000 | 42,218 | 43,780 | 1,562 |
| 8,000,000 | 67,549 | 70,048 | 2,499 |
Based on 20-year loan terms, BDO's lower rates translate to significant monthly savings ranging from 937 to 2,499 pesos depending on loan size.
Qualification Requirements
BDO Requirements
- Minimum Monthly Income: 50,000
- Maximum DTI: 40%
- Processing Time: 30 days
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
Security Bank Requirements
- Minimum Monthly Income: 50,000
- Maximum DTI: 40%
- Processing Time: 23 days
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer
Both banks maintain identical income and DTI requirements, making them equally accessible. Security Bank edges ahead with 7-day faster processing and includes freelancer eligibility.
Loan Purpose Flexibility
BDO Loan Purposes
- Home Equity
- Foreclosed Properties
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Renovation
- Reselling
Security Bank Loan Purposes
- Foreclosed Properties
- Home Equity
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Refinancing
- Renovation
- Reselling
Security Bank explicitly lists refinancing as a purpose, while both banks offer comprehensive property type coverage. For broader refinancing comparisons between these banks, both provide excellent options for Filipino homeowners.
Why Choose Nook for Your Application
Both BDO and Security Bank are trusted Nook partner banks, meaning you get:
- Free broker service - No fees to you, ever
- Expert guidance through the application process
- Rate verification and loan structuring advice
- Direct bank relationships for faster processing
Interest rates are subject to change and borrowers should verify current rates. Nook helps you compare live rates from multiple partner banks to ensure you get the best possible deal.
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Compare My Options →Frequently Asked Questions
Which bank has better takeout rates - BDO or Security Bank?
BDO offers better takeout rates at 6.00% for both 1-year fixed and home equity loans, compared to Security Bank's 6.75-7.50% range. This translates to monthly savings of 937-2,499 pesos depending on your loan amount.
How much can I save by refinancing from a 9% rate to BDO's 6.00%?
On a 5 million peso loan over 20 years, refinancing from 9% to BDO's 6.00% saves approximately 13,778 pesos monthly and over 3.3 million pesos in total interest over the loan term.
What are the minimum requirements for BDO and Security Bank takeout loans?
Both banks require a minimum monthly income of 50,000 pesos and maximum debt-to-income ratio of 40%. Security Bank includes freelancers in eligible employment types and processes applications 7 days faster (23 vs 30 days).
Can Nook help me apply to both BDO and Security Bank simultaneously?
Yes, Nook can submit your application to multiple partner banks including both BDO and Security Bank. This increases your chances of approval and helps you compare actual offers side-by-side, all at no cost to you.
Which bank is better for investment property takeout loans?
Both banks support investment properties including foreclosed, pre-selling, and reselling properties. BDO's lower 6.00% rate makes it more attractive for cash flow, while Security Bank's faster processing may benefit time-sensitive investment opportunities.