Use Nook's free calculator to estimate your Security Bank home loan payments — then find out if you could be paying less by refinancing at rates from 5.99% p.a.
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Why this matters
Security Bank is one of the Philippines' most competitive home loan providers, offering a 1-year fixed rate of 6.99% and a popular 5-year fixed rate of 6.75% — both well below what many Filipino homeowners are currently paying on older loans. If your existing mortgage was taken out more than two or three years ago, there's a strong chance your rate has quietly become uncompetitive. Using a home loan calculator is the first step to understanding exactly how much that's costing you every month. For a deeper look at what Security Bank currently charges, see our Security Bank housing loan interest rates guide.
Nook's calculator uses standard amortisation to give you an accurate monthly payment estimate based on your loan amount, remaining term, and interest rate. For a ₱3,000,000 loan over 20 years, the difference between an old rate of 8.50% and Security Bank's 5-year fixed rate of 6.75% works out to meaningful savings every single month — money that stays in your pocket instead of going to the bank. And if you're eligible to refinance through Nook, the entire process is 100% free to you as the borrower. Nook is paid by the bank, not by you.
Beyond just calculating your payment, Nook helps you compare Security Bank against other partner banks to make sure you're getting the best possible deal for your situation. Security Bank accepts borrowers from private employment, government, BPO, OFW, self-employed, and freelance backgrounds, with a minimum monthly income of ₱50,000 and a typical approval timeline of around 23 days. Whether you're looking at a new purchase or considering refinancing your existing loan, you can learn how Security Bank refinancing works and apply through Nook at no cost. Note: interest rates are subject to change — always verify current rates directly with the bank or through Nook before making financial decisions.
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
Security Bank currently offers a 1-year fixed rate of 6.99% p.a. and a 5-year fixed rate of 6.75% p.a. for standard home loans, and 7.50% p.a. for home equity loans. These rates are among the more competitive in the Philippine market, though rates are subject to change and you should verify the latest figures through Nook or directly with Security Bank before applying.
Your monthly payment depends on your loan amount, your interest rate, and your remaining loan term. For example, a ₱3,000,000 loan at 6.75% over 20 years results in a monthly payment of approximately ₱22,966. Nook's calculator does this math automatically — just enter your details and you'll get an instant estimate.
Yes — if you're currently paying a higher rate on your home loan, you may be able to refinance to Security Bank and reduce your monthly payment significantly. Nook is a free mortgage broker service that handles the comparison and application process on your behalf, at no cost to you as the borrower. Security Bank accepts refinancing applications from salaried employees, self-employed professionals, OFWs, and freelancers.
Security Bank requires a minimum monthly income of ₱50,000 and applies a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly debt obligations — including your new home loan payment — should not exceed 40% of your gross monthly income. Security Bank accepts borrowers from a wide range of employment types including private sector, government, BPO, OFW, seafarers, and freelancers.
Security Bank's typical approval timeline is around 23 days from complete document submission, which is relatively fast among Philippine banks. Applying through Nook can help streamline the process since Nook's team assists you in preparing your documents correctly the first time, reducing the chance of delays due to incomplete submissions.
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