Security Bank home loans offer competitive rates starting at 6.99% p.a. — here's exactly what you need to qualify, what documents to prepare, and how to apply without the guesswork.
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Why this matters
Security Bank is one of the Philippines' most accessible major banks for home loans, with a minimum monthly income requirement of just ₱50,000 and approval timelines averaging 23 days. Whether you're purchasing a ready-for-occupancy unit, refinancing an existing loan, or tapping your home equity for renovation, Security Bank accepts a wide range of borrower profiles — including private employees, government workers, BPO employees, OFWs, seafarers, self-employed professionals, and freelancers. Their 1-year fixed rate starts at 6.99% p.a., making them one of the more competitive options in the market right now. If you're currently paying above 8% with another bank, refinancing to Security Bank through Nook could cut your monthly payment significantly.
To qualify for a Security Bank home loan, you'll need to meet a few core eligibility criteria: you must be between 21 and 65 years old at loan maturity, have a stable income of at least ₱50,000 per month, and maintain a debt-to-income ratio (DTI) of no more than 40%. For salaried employees, that means your total monthly debt obligations — including your new mortgage payment — should not exceed 40% of your gross monthly income. For self-employed applicants or freelancers, Security Bank will typically require 2 years of business operating history and audited financial statements. The property being financed must also be located in the Philippines and meet Security Bank's appraisal standards.
In terms of documents, most borrowers will need to prepare a valid government-issued ID, proof of income (payslips, ITR, or financial statements), a duly filled application form, and property documents such as the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), tax declaration, and a copy of the contract to sell or deed of absolute sale. OFW borrowers will additionally need their employment contract and proof of remittance. Getting your paperwork in order before you apply is the single biggest factor in a smooth, fast approval. For a full breakdown of Security Bank's housing loan interest rates and requirements, Nook's guide covers everything in one place. Note that all rates are subject to change — always verify current figures 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 requires a minimum gross monthly income of ₱50,000 for home loan applicants. This applies to both salaried employees and self-employed borrowers, though self-employed applicants may need to demonstrate consistent income through audited financial statements and ITR filings over the past two years.
You'll generally need a valid government-issued ID, completed application form, proof of income (payslips for the last 3 months, latest ITR, or COE), and property documents including the TCT or CCT, tax declaration, and contract to sell or deed of sale. OFW and seafarer applicants should also prepare their employment contract and proof of overseas remittance. Having all documents ready upfront is the fastest way to move through Security Bank's 23-day average approval process.
Security Bank's typical approval timeline is around 23 business days from the date of complete document submission. Delays most often occur when documents are incomplete or when property appraisal takes longer than expected — so preparing a full, accurate document package from day one is critical. Applying through Nook gives you a dedicated loan advisor who can flag any gaps before submission.
Security Bank accepts a broad range of property types and loan purposes, including ready-for-occupancy (RFO) units, pre-selling condominiums and houses, new construction, reselling, foreclosed properties, home equity loans, refinancing, and renovation. The property must be located in the Philippines and pass Security Bank's internal appraisal. This flexibility makes Security Bank a strong option for borrowers with varied needs — not just first-time buyers.
Yes — refinancing is one of Security Bank's supported loan purposes, and Nook can facilitate the entire process at zero cost to you. If your current home loan is at 8% or higher, switching to Security Bank's 1-year fixed rate of 6.99% p.a. could result in meaningful monthly savings on a ₱3,000,000 outstanding balance. Nook handles the comparison, paperwork coordination, and bank liaison on your behalf, so you don't have to deal with multiple banks directly.
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