If you have a home loan with PNB, you could be paying significantly more than necessary. See how Security Bank's verified rates through Nook compare — and how much you could save by refinancing today.
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Why this matters
When it comes to home loan refinancing in the Philippines, PNB and Security Bank are two names that frequently come up. PNB is one of the country's largest government-linked banks with a broad branch network, but its home loan rates are typically in the range of 7.50% to 9.50% per annum depending on the fixing period — figures based on publicly available information that are approximate and subject to change. If you're currently locked into a PNB mortgage at a rate above 7%, it's well worth exploring what's available elsewhere before your next repricing date. For a detailed side-by-side breakdown, see our PNB vs Security Bank home loan rates comparison.
Security Bank, a verified Nook partner bank, offers some of the most competitive refinancing rates in the market right now — with a 5-year fixed rate of 6.75% p.a. and a 1-year fixed rate of 6.99% p.a. These are confirmed, verified rates available through Nook's free broker service. Security Bank also accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and freelancers — with a minimum monthly income requirement of just 50,000 pesos. Approval typically takes around 23 days, making the process relatively fast compared to industry averages. You can learn more about eligibility and requirements in our Security Bank housing loan interest rates and requirements guide.
The bottom line: if your current PNB home loan rate is sitting above 7%, refinancing to Security Bank through Nook could put thousands of pesos back in your pocket every single month. On a 3,000,000 peso loan with 20 years remaining, moving from an 8.50% rate to Security Bank's 5-year fixed rate of 6.75% could save you over 2,800 pesos monthly — that's more than 34,000 pesos a year. Nook's service is completely free for borrowers, so there's no reason not to find out exactly how much you could save. Note that all interest rates are subject to change and you should verify current rates before proceeding.
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
PNB's home loan rates are generally estimated to range from 7.50% to 9.50% p.a. depending on the fixing period, based on publicly available information — these are approximate and subject to change. Security Bank, as a Nook verified partner bank, currently offers confirmed rates of 6.99% p.a. for a 1-year fix and 6.75% p.a. for a 5-year fix, making it one of the most competitive options available for refinancing in 2026. Working through Nook means you get these verified rates with zero broker fees.
Yes, refinancing from PNB to Security Bank is a common and straightforward process that Nook can manage for you at no cost. Security Bank accepts refinancing applications from a wide range of borrower profiles including salaried employees, self-employed individuals, OFWs, and freelancers with a minimum monthly income of 50,000 pesos. Nook handles the paperwork, coordinates with both banks, and guides you through the entire process so you don't have to do it alone.
Security Bank typically approves refinancing applications within approximately 23 days, which is faster than many other Philippine banks. The full refinancing process — from application to loan release — may take 4 to 8 weeks depending on documentation completeness and property valuation. Nook helps you prepare your documents correctly the first time, which significantly reduces delays.
Standard refinancing documents include your latest PNB loan statement of account, proof of income (payslips, ITR, or business documents), a copy of your Transfer Certificate of Title, tax declaration, and valid government-issued IDs. Nook provides a personalised document checklist based on your employment type and loan profile so you always know exactly what to prepare. Incomplete submissions are one of the biggest causes of delays, so getting this right upfront matters.
Yes, Nook's mortgage brokering service is 100% free for Filipino homeowners — Nook earns a referral fee from the bank, not from you. You get access to verified rates from partner banks like Security Bank, expert guidance throughout the application process, and help with document preparation, all at zero cost. There are no hidden charges, no consultation fees, and no obligation to proceed after getting your quote.
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