Security Bank offers some of the most competitive refinance rates in the Philippines — as low as 6.75% fixed for 5 years. Switch through Nook and pay zero broker fees.
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Why this matters
If you took out a home loan several years ago, there's a strong chance your current interest rate no longer reflects what's available in the market today. Many Filipino homeowners are still paying 8% to 10% per year — rates that made sense at the time but can cost hundreds of thousands of pesos in unnecessary interest over a 20-year term. Security Bank's refinancing program offers a genuine path to lower monthly repayments, with fixed rates starting at 6.75% for a 5-year term and 6.99% for a 1-year fixed option. You can learn more about what to expect in our Security Bank Home Loan Refinance 2026 guide, which covers rates, requirements, and how the transfer process works.
Refinancing to Security Bank through Nook means you get access to their full loan product suite — including options for ready-for-occupancy properties, home equity, renovation, and reselling — without paying a single peso in broker fees. Security Bank accepts a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and freelancers, with a minimum monthly income requirement of 50,000 pesos. Approval typically takes around 23 days, making it one of the faster timelines among major Philippine banks. For a detailed breakdown of what documents and qualifications you'll need, see our Security Bank Housing Loan Requirements guide.
Nook acts as your dedicated mortgage broker throughout the entire process — comparing your options, preparing your application, and coordinating with Security Bank on your behalf. There are no hidden charges, no application fees, and no obligation to proceed until you're fully comfortable with the offer. Whether you're refinancing a condominium, house and lot, or townhouse, Nook will help you understand exactly how much you could save and whether Security Bank is the right fit for your financial situation. Interest rates are subject to change; always verify current rates directly with Security Bank or through Nook before submitting your application.
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% per annum and a 5-year fixed rate of 6.75% per annum for refinancing. They also offer a Home Equity rate of 7.50%. These rates are subject to change, so we recommend verifying the latest figures through Nook or directly with Security Bank before applying.
Security Bank typically processes home loan refinance applications within approximately 23 days from submission of complete documents. Having all your paperwork in order before you apply can help avoid delays — Nook will guide you through exactly what's needed so your application is complete from day one.
Security Bank accepts applicants from a wide range of employment backgrounds, including private sector employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, 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.
Your savings depend on your current interest rate, remaining loan balance, and the term you choose. For example, a homeowner with a 3,000,000 peso balance refinancing from 9% down to 6.75% fixed could save over 4,000 pesos per month — that's more than 700,000 pesos over the remaining loan term. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
No — Nook's mortgage broker service is completely free for borrowers. Nook is compensated by the bank, not by you, so you receive full broker support including application preparation, document checking, and bank coordination at zero cost. There are no hidden fees, no commissions charged to you, and no obligation to proceed after receiving your loan comparison.
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