Homeowners refinancing through Nook are unlocking rates as low as 5.99% p.a. — potentially saving over 58,000 pesos every year on a 3-million-peso home loan. Nook's service is completely free.
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Why this matters
Security Bank is one of the Philippines' most competitive home loan lenders — offering fixed rates from 6.75% p.a. on a 5-year fix and 6.99% p.a. on a 1-year fix, with approval typically within 23 days. Whether you're already with Security Bank and your fixed-rate period has just repriced, or you're with another bank and want to switch to Security Bank's more competitive terms, refinancing through Nook gives you access to their full product range at zero broker cost. Security Bank accepts borrowers across a wide range of employment types, including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and freelancers — with a minimum monthly income requirement of 50,000 pesos.
Many Filipino homeowners don't realise that when their initial fixed-rate period ends, their loan automatically reprices — often to a rate significantly higher than what's available in the market today. If your Security Bank home loan has recently repriced, or if you're with another lender charging 8% or more, it may be the right time to explore your options. Nook compares Security Bank against the Philippines' leading banks simultaneously, so you always see the full picture before making a decision. You can also explore how Security Bank's rates compare to BDO to understand where you stand relative to the broader market.
The refinancing process with Security Bank through Nook is straightforward: submit your documents once, and Nook handles the coordination, paperwork, and bank communication on your behalf — at no charge to you. Security Bank supports refinancing for a range of purposes including standard home loan refinancing, home equity loans (up to 7.50% p.a.), renovation financing, and more. Interest rates are subject to change, so we recommend speaking with a Nook advisor to confirm the latest available rates before you apply. Learn more about switching to Security Bank and what to expect during the process.
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 home loan refinancing. Home equity loans are available at 7.50% p.a. Note that these rates are subject to change, so always verify the latest figures with Nook or Security Bank directly before proceeding.
Yes — if your fixed-rate period has ended and your loan has repriced to a higher variable rate, you may be eligible to refinance your Security Bank loan to a new fixed-rate term, potentially at a significantly lower rate. Nook can review your current loan details and show you exactly what you could save before you commit to anything.
Security Bank's typical approval timeline is around 23 days from submission of complete documents. Nook helps you prepare and submit your documents correctly the first time, which reduces the risk of delays and back-and-forth with the bank.
Security Bank requires a minimum monthly income of 50,000 pesos and a debt-to-income ratio (DTI) of no more than 40%. They accept a wide range of employment types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers.
No — Nook's service is 100% free for borrowers. Nook is compensated by the bank, not by you, so you get full access to Security Bank's loan products and Nook's advisory and processing support at zero cost. There are no hidden charges or commissions deducted from your loan.
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