Security Bank offers some of the most competitive refinancing rates in the Philippines — starting at 6.75% p.a. for a 5-year fixed term. Nook helps you apply for free and find out exactly how much you could save.
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Why this matters
If you took out a home loan three or more years ago, there's a strong chance your current interest rate is well above what's available today. Many Filipino homeowners are still locked into rates of 8%, 9%, or even higher — rates that made sense at the time but now cost thousands of pesos every month more than necessary. Security Bank's home loan refinancing program is designed specifically to help borrowers like you switch to a lower rate, reduce your monthly amortisation, and free up cash for the things that matter more.
Security Bank is a Nook partner bank offering a 1-year fixed rate of 6.99% p.a. and a 5-year fixed rate of 6.75% p.a. — among the most competitive in the market right now. Their refinancing program is open to a wide range of borrowers including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and freelancers, with a minimum monthly income requirement of ₱50,000. Typical approval takes around 23 days, and Security Bank maintains a maximum debt-to-income ratio of 40%, giving many middle-income homeowners a realistic path to approval. For a full breakdown of what you'll need to prepare, see our Security Bank housing loan interest rates and requirements guide.
Applying through Nook means you get access to Security Bank's refinancing program — along with rates from other leading Philippine banks — completely free of charge. Nook's licensed mortgage brokers handle the comparison, paperwork coordination, and bank communication on your behalf, so you don't have to navigate the process alone. Whether you're refinancing for a lower monthly payment, a shorter loan term, or to access your home's equity, Nook finds the right fit for your financial situation. Note that interest rates are subject to change; always verify the latest rates directly with the bank or through your Nook broker 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% p.a. and a 5-year fixed rate of 6.75% p.a. for refinancing. They also offer a home equity rate of 7.50% p.a. for borrowers looking to access the value built up in their property. Rates are subject to change, so it's best to confirm the latest figures with Nook or Security Bank directly before applying.
Security Bank accepts a broad range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, professionals, and freelancers. The minimum monthly income requirement is ₱50,000, and your total monthly debt obligations should not exceed 40% of your gross monthly income. Nook can assess your eligibility quickly during a free consultation.
Security Bank typically processes and approves refinancing applications within around 23 days, which is faster than many other Philippine banks. The timeline can vary depending on how quickly you submit complete documentation and how responsive your current bank is in releasing your loan records. Applying through Nook helps keep things on track, as our brokers follow up on your behalf throughout the process.
You'll generally need government-issued ID, proof of income (payslips, ITR, or business financial statements), your existing loan statement of account, and the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) for your property. Security Bank may also require a property appraisal, which they will arrange. Our detailed Security Bank housing loan requirements guide has the full checklist to help you prepare.
Nook's broker service is 100% free to borrowers — you pay nothing for the consultation, rate comparison, or application assistance. Banks pay Nook a referral fee when a loan is successfully processed, so there's no conflict of interest and no hidden charges on your end. The only costs you'll encounter are standard bank fees such as appraisal, notarial, and registration fees, which apply regardless of how you apply.
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