Interest Rate Comparison
Security Bank (Nook Partner)
- 1-Year Fixed: 6.99% p.a.
- 5-Year Fixed: 6.75% p.a.
- Home Equity: 7.50% p.a.
✓ Verified partner rates through Nook
Metrobank
- Standard Variable: 8.5-10% p.a. (approx.)
- Fixed Rate Options: 8-9.5% p.a. (approx.)
- Promotional Rates: May vary by period
⚠️ Rates are approximate, based on publicly available information
Monthly Payment Comparison
For a ₱5,000,000 loan over 20 years:
Security Bank (6.75% fixed)
Monthly Payment: 38,312
Total Interest: 4,194,880
Metrobank (8.5% typical)
Monthly Payment: 43,391
Total Interest: 5,413,840
Monthly Savings with Security Bank: 5,079
Total Interest Savings: 1,218,960
Loan Features & Requirements
Security Bank
- Min Monthly Income: ₱50,000
- Max DTI Ratio: 40%
- Processing Time: 23 days (typical)
- Employment Types: Private, Government, BPO, OFW, Self-Employed, Professional, Freelancer
- Loan Purposes: Refinancing, RFO, Pre-Selling, Renovation, Home Equity
- Nook Advantage: Free broker service, verified rates
Metrobank
- Min Monthly Income: Varies by product
- Processing Time: 30-45 days typically
- Branch Network: Extensive nationwide presence
- Digital Services: Online application available
- Loan Products: Multiple home loan variants
- Note: Direct application required
Why Choose Security Bank Through Nook?
🔒 Verified Partner Rates
Get guaranteed access to Security Bank's competitive rates without surprises.
🆓 Free Broker Service
Nook handles your entire application process at no cost to you.
⚡ Faster Processing
23-day typical approval versus industry standard 30-45 days.
📋 Simplified Requirements
Streamlined documentation process for qualified borrowers.
Similar to our Security Bank vs RCBC comparison, Security Bank consistently offers competitive rates that can save borrowers significant money over the loan term.
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Compare My Options →Frequently Asked Questions
Which bank offers better home loan rates - Metrobank or Security Bank?
Security Bank offers significantly better rates through Nook, with 5-year fixed rates as low as 6.75% compared to Metrobank's typical 8-10% range. This translates to substantial monthly and lifetime savings for borrowers.
Can I refinance my Metrobank home loan to Security Bank?
Yes, you can refinance your existing Metrobank home loan to Security Bank through Nook. Our free service helps you secure better rates and terms, potentially saving thousands in interest payments over your loan term.
What are the income requirements for Security Bank vs Metrobank home loans?
Security Bank requires a minimum monthly income of ₱50,000 and accepts various employment types including OFWs, self-employed, and freelancers. Metrobank's requirements vary by product, but they typically have similar income thresholds with more traditional employment preferences.
How long does loan processing take for each bank?
Security Bank processes loans in approximately 23 days when you apply through Nook, thanks to our streamlined partner process. Metrobank typically takes 30-45 days for standard processing, depending on the complexity of your application.
Are Security Bank's rates through Nook really guaranteed?
Yes, as a verified partner bank, Security Bank's rates quoted through Nook are guaranteed for qualified borrowers. Unlike approximate rates from other sources, you can rely on these verified rates for your financial planning. However, all rates are subject to change and final approval depends on your creditworthiness.