Security Bank offers some of the most competitive home loan rates in the Philippines — starting at 6.75% p.a. fixed for 5 years. If you're paying 8% or more, refinancing through Nook for free could save you thousands every month.
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Why this matters
Security Bank is one of the Philippines' most borrower-friendly home loan providers, with fixed rates starting at 6.99% for a 1-year fix and 6.75% for a 5-year fix — among the lowest you'll find from a major private bank in 2026. To qualify, you'll need a minimum monthly income of 50,000, a debt-to-income ratio below 40%, and a stable employment history. Security Bank accepts a wide range of borrower profiles including private and government employees, BPO workers, OFWs, seafarers, self-employed professionals, and freelancers. Typical loan approval takes around 23 business days when documents are complete. For a full breakdown of eligibility criteria, visit our Security Bank housing loan interest rates and requirements guide.
The application process involves submitting your basic personal and financial documents — including a valid government ID, proof of income (payslips or ITR), and property documents — followed by a bank appraisal and credit evaluation. Security Bank offers loans for a variety of purposes: refinancing, home purchase (RFO and pre-selling), new construction, renovation, home equity, foreclosed properties, and reselling. If you're specifically looking to refinance an existing home loan to a lower rate, Nook can match you with Security Bank and other partner lenders to find your best option at zero cost to you. Learn more about the Security Bank home loan refinance process and requirements for 2026.
Applying through Nook means a licensed mortgage broker handles your application from start to finish — comparing offers, preparing documents, and coordinating with the bank on your behalf. There are no broker fees, no hidden charges, and no obligation to proceed. Whether you're a first-time applicant or switching from another bank, Nook makes the Security Bank home loan process faster, simpler, and more transparent. Please note that interest rates are subject to change; always verify the latest rates directly with Security Bank or through Nook before making a financial decision.
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
To qualify, you must have a minimum monthly income of 50,000, a debt-to-income ratio of 40% or below, and a stable employment or business history. Security Bank accepts borrowers from a wide range of employment types including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. Foreign nationals may have additional requirements.
You'll typically need at least one valid government-issued ID, recent payslips (for employed applicants) or ITR and audited financial statements (for self-employed), a filled-out Security Bank loan application form, and the relevant property documents such as the Transfer Certificate of Title and tax declaration. OFWs will also need their employment contract or proof of overseas income. Nook can provide you with a complete document checklist tailored to your borrower profile.
Security Bank's typical loan approval timeline is around 23 business days from the date of complete document submission. Delays are most commonly caused by missing documents or incomplete property paperwork, so it pays to prepare everything in advance. Applying through Nook helps ensure your submission is complete from day one, which can significantly speed up the process.
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., making it one of the more competitive options among major Philippine private banks. They also offer a home equity loan rate of 7.50% p.a. Note that these rates are subject to change, and you should confirm the latest rates with Security Bank or through Nook before applying.
If you're currently paying 8% or higher on your existing home loan, refinancing to Security Bank's 5-year fixed rate of 6.75% could result in significant monthly and long-term savings — especially on loan balances of 2,000,000 or more. Nook can run a free savings calculation for your specific loan amount and remaining term so you can see exactly what you'd save before committing to anything. The entire refinance process through Nook is free for borrowers.
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