BDO vs Security Bank

BDO vs Security Bank Housing Loan: Side-by-Side Rate Comparison

Both BDO and Security Bank are Nook partner banks, which means Filipino homebuyers and refinancers can apply to either — or both — at zero broker cost. Below is a direct comparison of their published housing loan rates and key loan details as of 2026. Note that interest rates are subject to change; always verify current rates with the bank or through Nook before making a decision.

Monthly Payment Comparison: What You'd Actually Pay

To make the rate difference concrete, here's how monthly amortizations compare on a 3,000,000 loan over 20 years at each bank's 1-year fixed rate. These figures are estimates and do not include taxes, insurance, or other fees.

On a 3,000,000 loan, BDO's lower 1-year fixed rate saves you roughly 1,765 per month — that's over 21,180 in savings in year one alone. Over the fixed period, those savings compound significantly. If you're weighing which bank is right for your refinance, you may also find our BDO vs Security Bank home loan refinance rates 2026 comparison useful for a deeper look at the refinancing angle.

Eligible Employment Types: Who Can Apply?

Both banks are relatively inclusive in terms of employment types accepted, with minor differences worth noting.

Security Bank's acceptance of freelancers is a meaningful advantage for the growing segment of independent workers in the Philippines. If you earn income from freelance or platform-based work, Security Bank may be your most accessible option among major banks.

Loan Purposes Covered

Both banks cover a broad range of housing loan purposes. Here's how they stack up:

Both banks are well-matched in terms of loan purpose coverage. Whether you're buying a brand-new condo, refinancing an existing mortgage, or unlocking equity from your home, either bank can accommodate your needs.

Approval Speed: Does the 7-Day Difference Matter?

BDO typically processes housing loan applications in around 30 days, while Security Bank clocks in at approximately 23 days — a one-week advantage. In most standard purchase or refinance scenarios, a seven-day difference is manageable. However, if you're racing against a turnover deadline, a developer's payment schedule, or a time-sensitive refinance window, Security Bank's faster turnaround can be a decisive factor. For borrowers who are not under time pressure, BDO's lower rate likely outweighs the approval speed gap.

Home Equity Loans: BDO Has the Clear Edge

If your goal is to borrow against your property's existing value — commonly called a home equity loan or cash-out refinance — BDO's 6.00% home equity rate is dramatically more competitive than Security Bank's 7.50%. On a 2,000,000 home equity loan over 10 years, that 1.50 percentage point gap translates to meaningful savings every single month. If tapping your home equity is your primary goal, BDO is the stronger choice. For a side-by-side view of takeout scenarios specifically, see our BDO vs Security Bank home loan takeout rates comparison.

Rate Certainty: When Security Bank's 5-Year Fixed Makes Sense

BDO's published rates show a 1-year fixed offering at 6.00%, which means your rate will be repriced after 12 months based on prevailing market conditions. Security Bank offers a 5-year fixed option at 6.75%, giving you rate certainty for a longer period. If you believe interest rates in the Philippines will rise over the next several years, locking in at 6.75% for five years could save you money compared to repricing annually at potentially higher rates. The right choice depends on your read of the rate environment and your personal risk tolerance.