Security Bank offers refinance rates starting at 6.75% p.a. — but Nook compares them against every major bank so you always get the lowest rate available.
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Why this matters
Security Bank is one of the Philippines' most competitive home loan lenders, offering refinance rates as low as 6.75% p.a. on a 5-year fixed term — well below the 8–10% that many Filipino homeowners are currently paying on older home loans. If your current loan is more than two years old, there's a strong chance your rate no longer reflects what's available in the market today. Refinancing to Security Bank could cut thousands of pesos off your monthly payment and dramatically reduce the total interest you pay over the life of your loan. You can learn more about their full product lineup in our Security Bank housing loan interest rates guide.
Through Nook, applying for a Security Bank refinance is straightforward. Security Bank accepts borrowers from a wide range of employment backgrounds — 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 typical loan approval timeline of around 23 days. Nook handles the paperwork, coordinates directly with the bank, and ensures your application is packaged to give you the best chance of approval at the best available rate. Our service is completely free to you as the borrower.
It's worth noting that while Security Bank's rates are among the most competitive in the market, Nook doesn't stop there. We compare Security Bank's offer against BDO, BPI, Metrobank, RCBC, UnionBank, and more — so you can be confident you're not leaving money on the table. For a detailed breakdown of eligibility requirements before you apply, see our Security Bank housing loan requirements guide. Interest rates are subject to change; always verify current rates with the bank or through Nook 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
Security Bank currently offers a 1-year fixed refinance rate of 6.99% p.a. and a 5-year fixed rate of 6.75% p.a. They also offer a Home Equity loan rate of 7.50% p.a. for borrowers looking to unlock equity in their property. Note that these rates are subject to change, so we recommend verifying the latest figures through Nook or directly with Security Bank.
Security Bank accepts a broad range of borrowers, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum monthly income requirement is 50,000 pesos, and your total debt obligations should not exceed 40% of your gross monthly income. Nook can assess your profile upfront so you know where you stand before submitting a formal application.
Security Bank's typical approval timeline is around 23 days from submission of a complete application. Incomplete documents are the most common reason for delays, which is why working with Nook is helpful — we review your documents before submission to make sure everything is in order and the process moves as quickly as possible.
No — Nook's service is completely free for borrowers. We are compensated directly by the bank when your loan is approved, which means you get full broker support, rate comparisons across multiple lenders, and end-to-end application assistance at zero cost to you. There are no hidden charges or obligations.
It depends on your financial goals and risk appetite. A 1-year fixed rate at 6.99% gives you flexibility to reprice sooner if rates drop, while a 5-year fixed rate at 6.75% offers more payment certainty and is actually lower — making it attractive if you value stability and want to lock in savings over the medium term. Nook can help you model both scenarios against your specific loan balance and remaining term so you can make an informed decision.
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