BDO vs Security Bank

BDO vs Security Bank Housing Loan: Rate Comparison

Both BDO and Security Bank are Nook partner banks, meaning you can apply to either — or both — through Nook's free broker service with no application fees and dedicated support throughout the process. Here's how their published rates stack up.

Rates are indicative and subject to change. Verify current rates with Nook before applying.

Monthly Payment Comparison

To illustrate the real-world cost difference, here's a side-by-side monthly payment estimate for a 3,000,000 home loan over 20 years at each bank's 1-year fixed rate. Calculations are approximate and assume interest-only repricing after the fixed period for illustration purposes.

Over a 5-year fixed period, choosing Security Bank's 5-year fixed rate of 6.75% over BDO's 1-year repricing rate could still offer savings compared to a volatile floating rate environment — this is worth discussing with a Nook advisor who can model both scenarios for your specific loan amount.

Approval Speed & Eligibility

One of the most overlooked factors in choosing a housing loan is how fast you can get approval — especially if you're refinancing to escape a high rate and every month counts.

Security Bank's faster 23-day approval timeline is a genuine advantage — particularly for refinancing borrowers who want to stop overpaying on their current loan as quickly as possible. Security Bank also accepts freelancers, giving it a wider eligibility net than BDO for non-traditional employment setups.

Eligible Employment Types

Both banks serve a broad range of Filipino borrowers, but there are notable differences worth checking before you apply.

Eligible Loan Purposes

Both banks support a wide range of housing loan purposes. Here's a breakdown of what each bank covers.

Both banks have near-identical loan purpose coverage — a strong sign that either can handle most home financing needs, including refinancing your existing home loan to a lower rate.

Which Bank Is Right for You?

Choose BDO if: You want the absolute lowest starting rate (6.00% 1-year fixed), you're comfortable with annual repricing, and you plan to monitor rates and potentially refinance again in the future.

Choose Security Bank if: You want to lock in a competitive rate for 5 years (6.75%) and avoid the uncertainty of annual repricing, you're a freelancer or non-traditional employee, or you need a faster approval turnaround of around 23 days.

Not sure which fits your situation best? Nook's advisors can run a full comparison using your actual loan amount, remaining term, and current rate — completely free. If you're also exploring home loan takeout or bank transfer options, Nook can help you evaluate those scenarios too.