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 at zero cost. Here is how their published rates stack up for 2026:

Interest rates are subject to change. Always verify current rates with the bank or through Nook before making a decision.

Monthly Payment Comparison for First-Time Buyers

To make the numbers concrete, here are estimated monthly amortisations for a 3,000,000 peso loan over a 20-year term. These figures use the respective 1-year fixed rates for an apples-to-apples comparison.

For a 5,000,000 peso loan over 20 years, the gap widens:

However, if you value rate stability, Security Bank's 5-year fixed at 6.75% means your rate won't reprice for five years. On a 3,000,000 peso loan over 20 years at 6.75%, the monthly payment is approximately 22,791 — higher than BDO's 1-year rate today, but locked in regardless of market movements for five full years.

Monthly payment estimates are for illustrative purposes only and do not include insurance, taxes, or other fees. Actual amortisation will vary based on final approved terms.

Eligibility Requirements: How Do They Compare?

Both banks share identical income and DTI thresholds, which is good news for first-time buyers comparing them head-to-head — your eligibility is unlikely to differ between the two based on income alone. The standout difference is that Security Bank explicitly accepts freelancers, making it a stronger option if your income comes from project-based or online work. BDO covers all the major employment categories including OFW and seafarer profiles, which is significant given the large number of overseas Filipino workers looking to invest in property back home.

Loan Purposes Covered

As first-time buyers, most of you will be looking at RFO, pre-selling, or resale purchases — and both banks cover all three without restriction. If you are also considering eventually refinancing or tapping your home equity down the road, both banks have you covered there too. For a deeper look at how these banks compare specifically on refinancing deals, see our BDO vs Security Bank home loan refinance rates 2026 comparison.

Approval Speed

Security Bank has a notable edge in processing speed at approximately 23 days versus BDO's 30 days. For first-time buyers working toward a developer deadline or a seller with a firm transfer timeline, that one-week difference can matter. If speed is a priority alongside competitive rates, Security Bank's faster turnaround is worth factoring into your decision. That said, BDO's 30-day approval is still within a reasonable range and should not be a dealbreaker for most purchase timelines.

Which Bank Is Right for You?

Here is a quick decision guide for first-time buyers:

• Choose BDO if: You want the lowest possible starting rate (6.00%), you are a private employee, government worker, BPO employee, OFW, or self-employed professional, and you are comfortable with annual rate repricing after your fixed period.
• Choose Security Bank if: You are a freelancer or want 5 years of rate certainty at 6.75%, you prefer faster loan approval (~23 days), or you want slightly more flexibility in your fixed-rate options.
• Apply to both if: You want to compare actual approved offers before committing. Nook makes this easy — one application, multiple bank comparisons, zero fees.

If you are already a homeowner considering a switch, our BDO vs Security Bank home loan takeout rates comparison covers the refinancing angle in more detail.