Security Bank offers some of the most competitive home loan refinance rates in the Philippines — starting at 6.75% p.a. fixed for 5 years. Find out how much you could save by switching through Nook, completely free.
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Why this matters
If you took out a home loan three to five years ago, there's a good chance you're still paying a rate above 8% or even 9% per annum. With Security Bank's 2026 refinancing rates — as low as 6.75% fixed for 5 years — switching your mortgage could reduce your monthly amortisation by thousands of pesos. Over a typical remaining loan term, that adds up to hundreds of thousands in total interest saved. You can explore the full details on whether switching to Security Bank is worth it in 2026 to help you decide if now is the right time to move.
Security Bank is a Nook partner bank, which means Nook can submit your application directly, manage document requirements, and coordinate approval on your behalf — all at no cost to you. Security Bank accepts borrowers from a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and freelancers. Their minimum monthly income requirement of P50,000 is accessible to many dual-income households, and their typical approval timeline of 23 days is among the faster turnarounds in the local market.
When refinancing, it's important to look beyond the headline rate. Processing fees, appraisal costs, and the remaining fixed-rate period on your current loan all affect the true cost of switching. Nook's mortgage specialists will walk you through a full cost-benefit comparison before you commit to anything. For a detailed breakdown of what to prepare, check out our guide on Security Bank home loan refinancing rates and requirements for 2026. Note that all interest rates are subject to change — always verify the latest rates with your Nook advisor or directly with Security Bank 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 rate of 6.99% p.a. and a 5-year fixed rate of 6.75% p.a. for home loan refinancing. They also offer a Home Equity loan rate of 7.50% p.a. for borrowers who want to unlock the value of their property. Rates are subject to change, so it's best to confirm the latest figures through Nook or directly with Security Bank.
Security Bank accepts applications from a broad range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed professionals, and freelancers. The minimum monthly income requirement is P50,000, which may be combined across a married couple. Your debt-to-income ratio must also not exceed 40% after the new loan is factored in.
Security Bank's typical approval timeline is around 23 days from the time your complete documents are submitted. This is relatively fast compared to other lenders in the Philippines. Applying through Nook can help speed things up further since Nook's team pre-checks your documents and coordinates directly with Security Bank on your behalf.
Nook's service is 100% free for borrowers — there are no broker fees or consultation charges at any stage. You'll still need to cover standard bank-side costs such as the appraisal fee and processing fee, but you won't pay anything extra to use Nook. This makes it easy to get professional mortgage guidance without any added financial risk.
It can still be worth it, but the math depends on how much your rate drops and what the switching costs are. If your remaining balance is significant and your current rate is 8% or higher, even a 1–1.5 percentage point reduction could save you a meaningful amount over 10 years. Nook can run a personalised cost-benefit analysis for you at no charge so you can make a fully informed decision.
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