Security Bank offers home loan refinance rates starting at 6.99% p.a. — and thousands of Filipino homeowners are switching to cut their monthly repayments. Nook makes the transfer free and hassle-free.
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Why this matters
If your home loan is more than two years old, there's a strong chance you're paying an interest rate well above what's available in the market today. Most Filipino homeowners are locked into rates of 8% to 10% after their fixed-rate period expires — often without realising that refinancing to Security Bank could significantly reduce their monthly repayments. Security Bank's 1-year fixed rate of 6.99% p.a. is one of the most competitive currently available, and for a ₱3,000,000 loan balance, the difference in monthly payments can be thousands of pesos. Over the remaining life of your loan, that adds up to real, life-changing savings. You can explore the full breakdown of Security Bank's current offers in our Security Bank home loan refinancing guide for 2026.
Security Bank accepts a wide range of borrower profiles — including private employees, government workers, BPO professionals, OFWs, seafarers, the self-employed, and freelancers — making it one of the more accessible refinancing destinations in the Philippines. The minimum qualifying income is ₱50,000 per month, and approvals typically come through in around 23 days. Whether you're looking to lower your rate, reduce your monthly burden, or tap into your home equity, Security Bank's refinancing product covers all of these needs. Eligible loan purposes include refinancing, home equity, renovation, and more.
Applying through Nook means you get access to Security Bank's refinancing product — alongside rates from other leading Philippine banks — completely free of charge. Nook's team of mortgage specialists handles the comparison, paperwork coordination, and bank liaison on your behalf, so you don't have to navigate the process alone. There are no broker fees and no hidden costs. If you're ready to understand what refinancing could mean for your specific situation, learn more about switching your home loan to Security Bank and get a personalised savings estimate through Nook today.
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., a 3-year fixed rate of 7.25% p.a., and a 5-year fixed rate of 7.75% p.a. There is also a home equity option available at 7.50% p.a. Note that interest rates are subject to change, so it's worth verifying the latest rates directly through Nook or Security Bank before applying.
Security Bank accepts borrowers who are privately employed, government employees, BPO workers, OFWs, seafarers, self-employed professionals, and freelancers. The minimum monthly income requirement is ₱50,000, and your total debt obligations should not exceed 40% of your gross monthly income (DTI ratio). Nook can help you assess your eligibility before you formally apply.
Security Bank's typical approval timeline is around 23 days from the time a complete application is submitted. Having all your documents in order — including proof of income, property title, and existing loan statements — can help avoid delays. Nook's team will guide you through the document checklist to keep things moving smoothly.
Nook's service is completely free for borrowers — there are no broker fees, application fees, or hidden charges from Nook's side. Nook earns a referral fee from the bank once your loan is successfully disbursed, which means your interests and Nook's are fully aligned. You get expert guidance and bank comparison at zero cost to you.
Yes, refinancing does involve some one-time costs such as appraisal fees, notarial fees, mortgage registration fees, and potentially a pre-termination penalty from your current bank — though many banks waive penalties after a certain period. These costs are typically recovered within the first year or two of lower repayments, especially if you're moving from a rate above 8%. Nook can help you calculate whether the numbers make sense for your specific loan.
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