Security Bank offers home loan refinancing rates starting at 6.75% p.a. (5-year fixed) — significantly lower than the 8–10% many Filipino homeowners are currently paying. Apply through Nook for free and get matched in minutes.
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Why this matters
Security Bank is one of the Philippines' most competitive home loan lenders, and their refinancing program is built for homeowners who want predictable, lower monthly payments. With a 5-year fixed rate of 6.75% p.a. and a 1-year fixed rate of 6.99% p.a., Security Bank consistently ranks among the best refinance options available to Filipino borrowers. Minimum monthly income requirement is P50,000, and they accept a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and freelancers. Typical loan approval takes around 23 days, making it one of the faster turnarounds among major Philippine banks. If you're curious how their rates stack up against the competition, see our detailed BPI vs Security Bank home loan rate comparison.
Refinancing with Security Bank through Nook means you get a dedicated mortgage broker handling your application at zero cost to you. Nook compares Security Bank's current offers against other partner banks so you always know you're getting a competitive deal. Security Bank accepts refinancing for a broad range of property types and purposes, including ready-for-occupancy homes, pre-selling properties, resale properties, and even renovation or home equity loans. Their maximum debt-to-income ratio of 40% is standard across the industry, giving most qualifying homeowners a realistic path to approval. For a head-to-head breakdown of how Security Bank compares with another top lender, check out our Security Bank vs BDO home loan rates comparison.
The refinancing process with Security Bank is straightforward: submit your documents through Nook's digital platform, receive a loan offer, and proceed to bank evaluation and property appraisal. Once approved, your existing lender is paid out and your new lower-rate loan begins. Most borrowers who refinance from rates above 8% into Security Bank's 6.75% 5-year fixed product save tens of thousands of pesos per year. Please note that interest rates are subject to change — always verify the latest rates directly with Security Bank or through your Nook advisor before making any financial decisions.
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. These rates are among the most competitive available from a major Philippine commercial bank. Note that rates are subject to change, so confirm the latest figures with Nook or directly with Security Bank before applying.
You need a minimum monthly income of P50,000 and a debt-to-income ratio of no more than 40% to qualify. Security Bank accepts applications from private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, professionals, and freelancers. Your property must be an existing titled property in the Philippines — refinancing is available for RFO, resale, and other eligible property types.
Security Bank typically processes home loan refinancing applications within approximately 23 days from submission of complete documents. Applying through Nook can help speed things up because Nook's advisors ensure your documents are complete and correctly submitted from day one. Incomplete applications are the most common cause of delays in Philippine bank loan processing.
Nook's mortgage brokering service is completely free for borrowers — you pay nothing to Nook for finding and facilitating your Security Bank refinance. Nook earns a referral fee from the bank, not from you. Standard bank charges such as processing fees, appraisal fees, and documentary stamp taxes may still apply as part of your loan closure costs.
The savings depend on your current interest rate, remaining loan balance, and remaining term. A homeowner with a P3,000,000 loan at 9.00% refinancing to Security Bank's 5-year fixed rate of 6.75% could save over P4,600 per month and more than P840,000 over the remaining life of the loan. Use Nook's free refinancing calculator to get a personalised estimate based on your actual loan details.
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