Security Bank offers some of the most competitive refinance rates in the Philippines — starting at 6.75% fixed for 5 years. Find out how much you could save by switching with Nook, completely free.
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Why this matters
If you took out a home loan a few years ago — whether with Security Bank or another lender — there's a good chance your interest rate is higher than what's available today. Many Filipino homeowners are still paying rates between 7% and 10%, yet Security Bank currently offers refinancing at 6.75% fixed for 5 years and 6.99% fixed for 1 year. That gap can translate to tens of thousands of pesos in savings every single year. Refinancing your home loan means replacing your existing mortgage with a new one at a lower rate, ideally structured around your current financial situation and goals. You can learn more about what to expect in our complete guide to Security Bank home loan refinancing rates and requirements.
Security Bank is a Nook partner bank, which means we work directly with their home loan team to help you get assessed quickly and efficiently. Their typical approval timeline is around 23 days, they accept a wide range of employment types — including OFW, BPO, freelancers, and self-employed professionals — and their minimum monthly income requirement is 50,000 pesos. Whether you're refinancing from another bank or restructuring an existing Security Bank loan, Nook handles the comparison, paperwork coordination, and submission on your behalf at zero cost to you. For a full breakdown of what Security Bank looks for in applicants, see our Security Bank housing loan requirements guide.
The savings potential is real and significant. On a 3,000,000 peso loan with 20 years remaining, switching from a 9% rate to Security Bank's 6.75% five-year fixed rate could reduce your monthly payment by over 3,700 pesos — that's more than 44,000 pesos saved in the first year alone. Over the life of the loan, the cumulative savings can be substantial. Nook makes it easy to run your own numbers and understand exactly what refinancing would mean for your budget before you commit to anything. Interest rates are subject to change, so we always recommend verifying current rates with Security Bank directly or through Nook before making any 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
Yes, in some cases Security Bank may allow you to restructure or reprice your existing loan, though the more common route is refinancing with them from another lender. Nook can assess your specific situation and advise on the best path forward, whether that's staying with Security Bank or switching banks entirely.
Security Bank currently offers a 1-year fixed rate of 6.99% and a 5-year fixed rate of 6.75% for home loan refinancing. They also offer a home equity rate of 7.50% for borrowers looking to unlock equity from their property. Note that rates are subject to change, so always confirm the latest figures before applying.
Security Bank's typical approval timeline is around 23 days from complete document submission. Nook helps you prepare and organise your documents upfront to avoid delays and ensure your application moves through the process as smoothly as possible.
Security Bank accepts a wide range of applicants including salaried employees in the private and government sectors, BPO workers, OFWs, seafarers, self-employed professionals, and freelancers. You'll need a minimum monthly income of 50,000 pesos and a debt-to-income ratio of no more than 40%.
Yes, Nook's service is 100% free to borrowers. Nook is compensated by the bank when a loan is successfully disbursed, so you get full broker support — rate comparison, document assistance, and application coordination — at no cost to you whatsoever.
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