PSBank vs Security Bank: Home Loan Rate Comparison
Below is a side-by-side look at PSBank and Security Bank home loan offerings. Note that PSBank rates are approximate, based on publicly available information, and subject to change. Security Bank rates are verified through Nook's partner bank channel and current as of the latest update — though all rates remain subject to change. Always verify directly before applying.
| Feature | PSBank | Security Bank (via Nook) |
|---|---|---|
| 1-Year Fixed Rate | ~7.50%–8.50% p.a. (approx.) | 6.99% p.a. (verified) |
| 5-Year Fixed Rate | ~7.75%–9.00% p.a. (approx.) | 6.75% p.a. (verified) |
| Home Equity Rate | Not publicly listed | 7.50% p.a. (verified) |
| Min. Monthly Income | ~P40,000–P50,000 (approx.) | P50,000 |
| Typical Approval Time | ~15–30 banking days (approx.) | 23 days |
| Max Debt-to-Income Ratio | Not publicly specified | 40% |
| Employment Types Accepted | Employed, Self-Employed (approx.) | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer |
| Loan Purposes | Purchase, Refinancing (approx.) | Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling |
| Broker Service Fee | Not applicable | Free through Nook |
PSBank rates shown are approximate and based on publicly available information. Verify current rates directly with PSBank before making any financial decision.
How Much Could You Save by Refinancing to Security Bank?
Let's put the numbers in context. If you currently have a home loan at 8.50% p.a. — a rate many PSBank or other bank borrowers are paying — and you refinance to Security Bank's 5-year fixed rate of 6.75% p.a. through Nook, here's what the difference looks like on a P3,000,000 loan over 20 years:
- Monthly payment at 8.50%: approximately 26,035
- Monthly payment at 6.75%: approximately 22,682
- Monthly savings: approximately 3,353
- Total savings over 5 years: approximately 201,180
That's real money back in your pocket — and Nook's service is completely free to you as a borrower. There are no broker fees, no hidden charges for using the platform.
If you're also comparing Security Bank against other lenders, you may find our Landbank vs Security Bank home loan comparison helpful for additional context on how Security Bank stacks up across the market.
About PSBank Home Loans
PSBank (Philippine Savings Bank), a subsidiary of Metrobank Group, offers home loans for property purchase, construction, and refinancing. PSBank is a well-known retail bank with branches across the Philippines. However, their home loan rates are not available through a verified broker channel, and their published rates can vary depending on loan amount, term, and borrower profile. Borrowers should contact PSBank directly to confirm current rates and eligibility requirements.
Key considerations for PSBank home loans:
- Part of the Metrobank Group — a large and established banking group in the Philippines
- Rates are typically in the 7.50%–9.00% range based on publicly available information, but may vary
- Application process is done directly through PSBank branches or their website
- No free broker intermediary service available
About Security Bank Home Loans (via Nook)
Security Bank is one of the Philippines' top universal banks and a verified Nook partner. When you apply through Nook, you get access to Security Bank's current confirmed rates with the support of a dedicated mortgage broker — at zero cost to you.
Key advantages of Security Bank through Nook:
- Competitive verified rates: 6.99% p.a. (1-year fixed), 6.75% p.a. (5-year fixed)
- Wide borrower eligibility: accepts Private Employees, Government workers, BPO staff, OFWs, Seafarers, Self-Employed individuals, Professionals, and Freelancers
- Multiple loan purposes: refinancing, home equity, RFO, pre-selling, new construction, renovation, reselling, and foreclosed properties
- Fast approval: typical approval in just 23 days
- Free broker service: Nook handles the paperwork and bank coordination at no charge to you
Security Bank's strong track record in the mortgage market is reflected in multiple comparisons — see how it performs in the Asia United Bank vs Security Bank home loan comparison for another data point.
Which Borrowers Should Consider PSBank?
PSBank may be worth considering if you already have an existing relationship with PSBank or the Metrobank Group and prefer to manage your banking within the same ecosystem. Some borrowers may also find PSBank's branch network convenient for in-person assistance. However, for most borrowers — especially those refinancing to lower their monthly payments — the lack of a broker channel and unverified public rate listings make it harder to confidently lock in the best deal without doing significant legwork yourself.
Which Borrowers Should Consider Security Bank via Nook?
Security Bank through Nook is an excellent fit for borrowers who want a low, verified rate, a wide range of eligible property and employment types, and the peace of mind of having a free broker manage the process. Whether you are refinancing an existing loan, purchasing a ready-for-occupancy unit, or tapping home equity, Security Bank's product range covers most scenarios Filipino homeowners face. With rates starting at 6.75% p.a. and approval in as fast as 23 days, it is one of the most competitive options available in the Philippine market today.
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Compare My Options →Frequently Asked Questions
What are PSBank's current home loan interest rates?
PSBank's home loan rates are approximately 7.50%–9.00% p.a. based on publicly available information, but these are not verified through a broker channel and may vary depending on loan amount, term, and borrower profile. We recommend contacting PSBank directly to get their current rates. For a verified alternative, Security Bank offers rates from 6.75% p.a. through Nook at no broker cost.
What are Security Bank's home loan interest rates?
Security Bank's verified home loan rates through Nook are: 6.99% p.a. for a 1-year fixed term and 6.75% p.a. for a 5-year fixed term. A Home Equity loan rate is available at 7.50% p.a. These rates are subject to change, so always confirm current rates before applying.
Is it better to get a home loan from PSBank or Security Bank?
For most borrowers — especially those refinancing — Security Bank through Nook offers a clearer advantage: verified competitive rates starting at 6.75% p.a., faster approval (typically 23 days), wider borrower eligibility, and a free broker service. PSBank may suit borrowers who already bank with Metrobank Group and prefer an in-house arrangement, but their rates are generally higher based on available information.
How much can I save by refinancing from PSBank to Security Bank?
The savings depend on your outstanding loan balance, remaining term, and current rate. As an example, on a P3,000,000 loan refinanced from 8.50% to 6.75% over 20 years, you could save approximately 3,353 per month — or over 201,000 across a 5-year fixed period. Use Nook's free calculator or speak with a Nook advisor to get a personalized estimate for your situation.
Does Nook charge any fees to help me refinance to Security Bank?
No. Nook's mortgage broker service is 100% free to borrowers. Nook is compensated by the bank, not by you. You get access to verified rates, expert guidance, and full application support at no cost.
What types of borrowers does Security Bank accept for home loans?
Security Bank through Nook accepts a wide range of borrower types including Private Employees, Government Employees, BPO workers, OFWs, Seafarers, Self-Employed individuals, Professionals, and Freelancers. The minimum monthly income requirement is P50,000 and the maximum debt-to-income ratio is 40%.
Can I refinance from PSBank to Security Bank through Nook?
Yes. If you currently have a home loan with PSBank and want to refinance to a lower rate, Nook can help you apply to Security Bank for free. Nook handles the paperwork and bank coordination, making the refinancing process as smooth as possible. Security Bank accepts refinancing as a valid loan purpose.
How long does Security Bank take to approve a home loan?
Security Bank's typical approval time through Nook is 23 days. This is competitive for the Philippine home loan market, where approvals can take 30 days or more at some banks.