EastWest Bank and Security Bank are both Nook partner banks offering competitive refinancing rates — compare them side by side and find out which could save you more on your home loan.
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Why this matters
If you're weighing up EastWest Bank and Security Bank for a home loan refinance, you're already thinking the right way. Both are trusted Philippine banks with strong refinancing products, and both are available through Nook at zero broker fee. EastWest Bank currently offers a 1-year fixed rate of 5.99% p.a., a 3-year fixed at 6.25%, and a 5-year fixed at 6.49% — some of the most competitive rates available in the market today. Security Bank offers a 5-year fixed at 6.75% and a 1-year fixed at 6.99%. For most borrowers focused purely on rate, EastWest's pricing has a clear edge, particularly on the shorter fixed periods. You can explore a full side-by-side breakdown of EastWest and Security Bank home loan rates for 2026 to see exactly how the numbers stack up across different fixing periods.
Beyond the headline rate, the right bank for you depends on your income profile, employment type, and loan purpose. EastWest Bank accepts borrowers with a minimum monthly income of 40,000, while Security Bank's minimum is 50,000 — a meaningful difference if you're on a moderate income or a single earner household. Both banks accept a wide range of employment types including private employees, government workers, OFWs, self-employed professionals, and BPO workers. Security Bank also accepts freelancers, which EastWest does not, making it worth considering if your income comes from project-based or contractual work. Typical approval times are 19 days with EastWest and 23 days with Security Bank, so if speed matters, EastWest has a slight advantage there too.
The smartest move is not to pick one bank before you apply — it's to let Nook submit your profile to both and see which offers you the best actual approval terms. Nook's service is completely free for borrowers, and our team handles all the paperwork, follow-ups, and bank coordination on your behalf. Whether you ultimately go with EastWest's lower starting rate or Security Bank's flexible borrower criteria, applying through Nook means you're not leaving any savings on the table. Please note that interest rates are subject to change — always verify the latest rates with the bank or through Nook before making a decision. For more background on how these two banks compare across different loan scenarios, see our detailed guide on EastWest vs Security Bank housing loan rates.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
EastWest Bank currently offers the lower starting rate at 5.99% p.a. for a 1-year fixed period, compared to Security Bank's 1-year fixed rate of 6.99%. For a 5-year fixed term, EastWest is also lower at 6.49% versus Security Bank's 6.75%. That said, the rate you are offered depends on your specific loan profile, so it pays to apply to both.
Yes — and this is exactly what Nook recommends. Applying to multiple banks simultaneously does not hurt your credit standing and gives you the best chance of securing the most competitive offer. Nook submits your application to partner banks on your behalf, so you only need to prepare your documents once.
EastWest Bank requires a minimum monthly income of 40,000, while Security Bank requires at least 50,000 per month. If your income is between these thresholds, EastWest may be your more accessible option. Both banks assess total household income, so a co-borrower can help you meet the requirement.
EastWest Bank typically processes refinancing approvals in around 19 days, while Security Bank takes approximately 23 days. These are average timelines and can vary based on document completeness and individual loan complexity. Nook helps keep your application moving by coordinating directly with the bank on your behalf.
Yes, Nook's mortgage brokering service is completely free for borrowers. Nook is compensated by the banks upon successful loan disbursement, meaning you get expert guidance, document support, and access to multiple lenders at no cost to you. There are no hidden fees or obligations involved in getting a comparison through Nook.
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