Robinsons Bank vs Security Bank: Home Loan Rate Comparison
Choosing between Robinsons Bank and Security Bank for your home loan or refinance comes down to more than just the headline rate. Below, we compare both banks across the most important factors: interest rates, eligibility, loan terms, processing speed, and overall value.
Important note: Security Bank rates shown are verified partner rates available through Nook. Robinsons Bank rates are approximate figures based on publicly available information and are subject to change — always confirm directly with the bank.
| Feature | Robinsons Bank | 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 | ~8.00%–9.50% p.a. (approx.) | 7.50% p.a. (verified) |
| Minimum Loan Amount | ~P1,000,000 | P1,000,000 |
| Typical Approval Time | 30–45 days (est.) | 23 days |
| Minimum Monthly Income | ~P30,000–P50,000 (est.) | P50,000 |
| Broker Service Available | No (apply direct only) | Yes — free through Nook |
Monthly Payment Comparison: How Much Could You Save?
To make this concrete, let's compare estimated monthly repayments on a P3,000,000 home loan over 20 years at different rate scenarios.
| Scenario | Rate | Est. Monthly Payment | Total Interest Paid |
|---|---|---|---|
| Robinsons Bank (est. mid-range) | 8.25% p.a. | ~P25,700 | ~P3,168,000 |
| Security Bank 1-Year Fixed (via Nook) | 6.99% p.a. | ~P23,200 | ~P2,568,000 |
| Security Bank 5-Year Fixed (via Nook) | 6.75% p.a. | ~P22,800 | ~P2,472,000 |
On a P3,000,000 loan, choosing Security Bank's 5-year fixed rate over a typical Robinsons Bank mid-range rate could save you approximately P2,900 per month and nearly P696,000 in total interest over 20 years. Even modest rate differences compound significantly over a long loan term.
Note: Monthly payment estimates are for illustrative purposes only, calculated using a standard amortization formula. Actual repayments may vary based on your specific loan terms, fees, and bank policies.
Eligibility Comparison
Both banks serve a broad range of Filipino borrowers, but Security Bank — as a verified Nook partner — has clearly documented eligibility criteria that Nook's advisors can guide you through at no cost.
Robinsons Bank
- Filipino citizens and resident aliens
- Typically employed (private or government)
- Some self-employed acceptance (verify directly)
- Estimated minimum income: P30,000–P50,000/month
- Must apply directly through Robinsons Bank branches or online portal
Security Bank (via Nook)
- Filipino citizens and qualified resident aliens
- Private employees, government employees, BPO workers
- OFW and seafarers accepted
- Self-employed professionals and freelancers accepted
- Minimum monthly income: P50,000
- Maximum debt-to-income ratio: 40%
- Apply free through Nook — one application, expert guidance
Security Bank's wide acceptance of employment types — including OFWs, freelancers, and self-employed borrowers — makes it accessible to a larger share of Filipino homeowners. If you're comparing other banks against Security Bank, you may also find our Landbank vs Security Bank comparison helpful for additional context.
Loan Purposes: What Can You Use the Loan For?
Security Bank through Nook supports a wide range of property and loan purposes, giving borrowers significant flexibility.
Robinsons Bank
- Purchase of house and lot (RFO)
- Condominium purchase
- Refinancing (verify current offerings)
- Home renovation (verify current offerings)
- Always confirm available purposes directly with the bank
Security Bank (via Nook)
- Refinancing existing home loans
- Ready For Occupancy (RFO) purchase
- Pre-selling properties
- New construction
- Home renovation
- Home equity / cash-out
- Foreclosed property purchase
- Reselling properties
The Nook Advantage: Why Apply Through Nook?
Nook is the Philippines' first digital mortgage broker — and our service is completely free for borrowers. When you apply for a Security Bank home loan through Nook, you get:
- Verified rates: The 6.75% and 6.99% rates shown are real, confirmed rates — not estimates.
- Free expert guidance: Our mortgage advisors help you prepare documents, compare options, and submit your application correctly the first time.
- Faster approval: Security Bank's typical approval time through Nook is just 23 days.
- No broker fees: Nook earns from the bank, not from you. Zero cost to the borrower.
- One application, multiple options: We can compare Security Bank alongside other partner banks to make sure you're getting the best deal available.
Applying directly to Robinsons Bank means managing the entire process yourself — gathering documents, following up, and negotiating rates without professional guidance. Through Nook, you get all of that handled for you, for free.
Curious how Security Bank stacks up against other lenders? Check out our Asia United Bank vs Security Bank comparison for another perspective.
Important Disclosures
Interest rates and loan terms are subject to change without notice. Security Bank rates shown are verified partner rates available through Nook at the time of publication. Robinsons Bank rates are approximate figures based on publicly available market data and may not reflect current promotional offerings — always verify directly with Robinsons Bank. Monthly payment calculations are illustrative only and do not include applicable taxes, insurance, processing fees, or other charges. Nook does not represent Robinsons Bank and cannot process applications to this bank on your behalf.
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Compare My Options →Frequently Asked Questions
Which has lower home loan rates — Robinsons Bank or Security Bank?
Based on currently available data, Security Bank offers more competitive verified rates. Through Nook, Security Bank's 5-year fixed rate is 6.75% p.a. and its 1-year fixed rate is 6.99% p.a. Robinsons Bank's rates are estimated at approximately 7.50%–9.00% p.a. depending on the fixing period, though you should confirm current rates directly with Robinsons Bank as these are subject to change.
Can I refinance my home loan from Robinsons Bank to Security Bank?
Yes — if you currently have a home loan with Robinsons Bank, you can refinance it to Security Bank through Nook. Refinancing is one of the loan purposes Security Bank supports, and Nook's service is completely free. If your current rate is above 7%, there's a good chance refinancing to Security Bank's 6.75% or 6.99% fixed rate could save you a meaningful amount each month.
How long does Security Bank take to approve a home loan?
Security Bank's typical approval time through Nook is 23 days. This is faster than the industry average, partly because Nook's advisors help you prepare a complete and accurate application — reducing the likelihood of delays due to missing documents or errors.
Does Robinsons Bank accept OFW home loan applications?
You should verify directly with Robinsons Bank whether they currently accept OFW applicants and what documentation is required. Security Bank, through Nook, explicitly accepts OFW and seafarer applicants, making it a reliable option for Filipinos working abroad who want to invest in property back home.
Is Nook's mortgage broker service really free?
Yes, completely free for borrowers. Nook earns a referral fee from the bank — not from you. You get expert mortgage guidance, document assistance, and a streamlined application process at zero cost. There are no hidden charges or broker fees passed on to the borrower.
What is the minimum income required for a Security Bank home loan?
Security Bank requires a minimum monthly income of P50,000. This applies to employed borrowers (private sector, government, BPO), self-employed professionals, freelancers, and OFWs. If your income is below this threshold, Nook can help you explore other partner banks that may have different requirements.
Can I use a Security Bank home loan to buy a pre-selling condo or house?
Yes. Security Bank through Nook supports pre-selling property purchases, along with Ready For Occupancy (RFO) units, new construction, home equity, refinancing, renovation, reselling, and even foreclosed properties — giving you a wide range of use cases under one lender.