Security Bank is offering home loan refinancing rates from 6.75% p.a. (5-year fixed) — if you're paying 8% or more at your current bank, switching could save you over 58,000 per year on a 3,000,000 loan.
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Why this matters
Security Bank is one of the Philippines' most competitive refinancing destinations right now, offering a 5-year fixed rate of 6.75% p.a. and a 1-year fixed rate of 6.99% p.a. — well below what most Filipino homeowners are currently paying at their existing banks. If your current home loan is locked into a rate of 8% or higher (which is common for loans repriced after 2020), refinancing to Security Bank could meaningfully reduce your monthly outgoings and free up cash for other financial goals. You can learn more about what to expect in our Security Bank Home Loan Refinance 2026 guide.
Security Bank accepts a wide range of borrower profiles, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, professionals, and freelancers — with a minimum monthly income requirement of 50,000. Typical approval takes around 23 days, and the bank supports a variety of loan purposes including refinancing, home equity, renovation, and new construction. Their maximum debt-to-income ratio of 40% is standard in the industry and leaves room for most working homeowners to qualify comfortably. For a full breakdown of what you'll need to prepare, see our Security Bank Housing Loan Requirements guide.
Applying through Nook is completely free. As the Philippines' first digital mortgage broker, Nook handles the comparison, paperwork coordination, and bank liaison on your behalf — so you don't have to navigate the process alone or pay a broker fee. We'll assess your current loan, estimate your savings, and walk you through exactly what Security Bank needs to get your refinancing approved. Note that interest rates are subject to change; please verify the latest figures directly with Security Bank or through your Nook advisor 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 home loan refinancing. The 5-year fixed option is particularly attractive if you want rate stability and a lower long-term cost. Please note that rates are subject to change, so it's worth confirming the current figures with Nook or Security Bank directly before applying.
Yes — Security Bank accepts refinancing applications from borrowers with existing home loans at any Philippine bank, including BDO, BPI, Metrobank, and others. The key requirement is that your remaining loan balance and income meet Security Bank's eligibility criteria. Nook can assess your current loan details and let you know whether switching makes financial sense for your situation.
Security Bank requires a minimum monthly income of 50,000 for home loan applicants, which applies to refinancing as well. This threshold is consistent across most of their accepted employment types, including salaried employees, self-employed individuals, OFWs, and freelancers. If you're close to the threshold, Nook can help you assess whether your combined household income qualifies.
Security Bank's typical approval timeline for a home loan refinancing application is around 23 days, which is competitive compared to the industry average. This assumes your documents are complete and your property valuation is straightforward. Applying through Nook can help speed things up, as our team ensures your submission is complete and accurate before it reaches the bank.
No — Nook's mortgage brokering service is completely free for borrowers. Nook is compensated by the bank, not by you, so there are no broker fees, hidden charges, or obligations to proceed. You get full access to Security Bank's refinancing rates, Nook's comparison tools, and personalised guidance without paying anything out of pocket.
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