SECURITY BANK REFINANCING

Switch Smart, Save More Every Month
Overpaying Your Bank?

By the Nook Editorial Team · Reviewed to Nook's editorial standards

Security Bank offers some of the most competitive home loan refinance rates in the Philippines — starting at 6.75% p.a. fixed for 5 years. See how much you could save by making the switch through Nook, 100% free.

YOUR POTENTIAL MONTHLY SAVINGS

9.00%
Your likely rate
5.99%
Best available
₱4,304
estimated monthly savings on a ₱3,000,000 loan

No commitment. No credit check. Just your numbers.

2,400+
Homeowners helped
₱9.2K
Avg. monthly savings
15
Partner banks
100%
Free service

Why this matters

Your bank is counting on you not checking.

If your current home loan is sitting at 9% or higher, you could be overpaying by tens of thousands of pesos every year. Security Bank's refinancing rates — 6.99% p.a. for a 1-year fixed term or 6.75% p.a. locked in for 5 years — give Filipino homeowners a genuine opportunity to cut their monthly amortisation and free up cash for the things that matter. Whether your loan is with BDO, BPI, Metrobank, or any other lender, refinancing to Security Bank through Nook is straightforward and costs you nothing in broker fees. 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 employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and freelancers — with a minimum qualifying income of P50,000 per month. Their typical approval timeline of around 23 days is among the faster turnarounds available in the Philippine market, and their maximum debt-to-income ratio of 40% means many applicants who have been turned away elsewhere may still qualify. For a full breakdown of what you'll need to prepare, see our complete Security Bank housing loan requirements guide.

Nook acts as your dedicated mortgage broker throughout the entire process — comparing Security Bank's offer against other partner lenders, helping you prepare your documents, and coordinating directly with the bank on your behalf. There are no hidden fees, no commissions charged to you, and no obligation to proceed. Our goal is simple: make sure you end up with the best rate available for your situation. Interest rates are subject to change, so we recommend getting a personalised quote through Nook to confirm the current rates that apply to your loan.

The monthly numbers on a ₱3,000,000 balance

Current payment at 9.00% ₱26,992
Refinanced payment at 5.99% ₱22,688
Monthly savings ₱4,304
Annual savings ₱51,648
Total savings over remaining term ₱774,720

Three steps. No paperwork until you decide.

1

Check your rate (60 seconds)

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.

2

Talk to a Nook consultant (15 minutes)

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.

3

Nook handles everything

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

What homeowners considering Security Bank refinancing ask us.

What interest rates does Security Bank offer for home loan refinancing?

Security Bank currently offers 6.99% p.a. for a 1-year fixed rate and 6.75% p.a. for a 5-year fixed rate on home loan refinancing. The 5-year fixed option is particularly popular with borrowers who want rate certainty and protection against future increases. Note that rates are subject to change — check with Nook for the latest confirmed rates before applying.

Who is eligible to refinance their home loan with Security Bank?

Security Bank accepts refinancing applications from a broad range of income types, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum qualifying monthly income is P50,000, and your total monthly debt obligations — including the new loan — should not exceed 40% of your gross income.

How long does it take for Security Bank to approve a refinancing application?

Security Bank's typical approval timeline is around 23 banking days from the time all required documents are submitted. Having a complete and accurate document package from the start is the best way to avoid delays. When you apply through Nook, your dedicated loan advisor will review your documents before submission to minimise back-and-forth with the bank.

Can I refinance to Security Bank if my current loan is with another bank?

Yes — refinancing from any existing lender to Security Bank is entirely possible, regardless of whether your current loan is with BDO, BPI, Metrobank, Pag-IBIG, or any other institution. You'll need to provide your current loan statement, remaining balance, and property documents as part of the application. Nook will guide you through exactly what's required for a smooth transition.

How does Nook help with Security Bank refinancing, and is it really free?

Nook is a licensed mortgage broker that manages the entire refinancing process on your behalf — from comparing Security Bank's rates against other lenders, to preparing your application, to following up with the bank until approval. The service is completely free to borrowers; Nook is compensated by the bank, not by you. There are no hidden charges and no obligation to proceed after your free consultation.

Every month you wait costs you ₱4,304.

Check your exact savings in 60 seconds. It's free and takes no commitment.

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