Use Nook's free calculator to estimate your Security Bank home loan monthly payments — then see how much you could save by refinancing to a better rate.
YOUR POTENTIAL SAVINGS
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Why this matters
Security Bank is one of the Philippines' most competitive home loan lenders, offering fixed rates starting at 6.75% for a 5-year fixed term — well below what many Filipino homeowners are currently paying on older loans. If you took out your home loan a few years ago at rates between 8% and 10%, there's a good chance you're leaving tens of thousands of pesos on the table every year. Nook's calculator lets you punch in your loan balance, remaining term, and current rate to instantly see what your monthly payment would look like under Security Bank's current pricing — and how that compares to what you're paying now. For a deeper look at how Security Bank structures its rates across different fixing periods, check out our complete guide to Security Bank housing loan interest rates in the Philippines.
Security Bank accepts a wide range of borrower profiles — including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and freelancers — with a minimum monthly income requirement of 50,000 pesos and a maximum debt-to-income ratio of 40%. Typical loan approval takes around 23 days, which is faster than many banks in the market. Whether you're buying a ready-for-occupancy property, refinancing an existing loan, or tapping your home equity for renovations, Security Bank has a loan purpose that fits. If you're planning to apply or just want to know what documents to prepare, our Security Bank housing loan requirements guide walks you through everything step by step.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with Security Bank and a panel of other leading lenders so we can compare options on your behalf and match you with the best available rate for your situation. Rather than applying to multiple banks yourself, you submit one application through Nook and we do the legwork. The savings example above is based on a 3,000,000 peso loan with a 20-year remaining term — your actual savings will depend on your current rate, outstanding balance, and the term you choose. Please note that interest rates are subject to change; always verify current rates directly with the bank or through Nook before making any 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
The calculator uses your loan amount, remaining term, and interest rate to compute your estimated monthly amortisation using standard loan amortisation formula. For Security Bank, you can input their current rates — such as 6.75% for a 5-year fixed or 6.99% for a 1-year fixed — to see what your repayment would look like. It's a quick way to compare your current payment against what you could be paying after refinancing.
As of 2026, Security Bank offers a 1-year fixed rate of 6.99% per annum and a 5-year fixed rate of 6.75% per annum for home loans. They also offer a home equity loan rate of 7.50% per annum. Rates are subject to change, so we recommend verifying the latest rates through Nook or directly with Security Bank before applying.
Yes — refinancing is one of the loan purposes Security Bank supports, and Nook can facilitate the entire process for you at no cost. If your current rate is above 7%, refinancing to Security Bank's 5-year fixed rate of 6.75% could generate meaningful monthly savings over the life of your loan. For a full breakdown of how the refinancing process works, see our Security Bank home loan refinance guide.
Security Bank requires a minimum gross monthly income of 50,000 pesos, and your total monthly debt obligations — including the new home loan payment — must not exceed 40% of your gross monthly income. This debt-to-income ratio of 40% is fairly standard among Philippine banks and applies across most employment types, including salaried employees, self-employed individuals, OFWs, and freelancers.
Security Bank's typical home loan approval timeline is around 23 days from the time you submit a complete set of documents. Incomplete applications are one of the most common causes of delays, so it pays to prepare your paperwork carefully before applying. Applying through Nook helps streamline this — our team reviews your documents before submission to make sure everything is in order.
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