Security Bank offers some of the Philippines' most competitive housing loan rates — starting at 6.75% p.a. for a 5-year fixed term. If your current home loan is above 7%, you could be overpaying by thousands every month.
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Why this matters
Security Bank is one of the Philippines' leading universal banks and a Nook partner bank — meaning you can apply for a Security Bank housing loan or refinance through Nook completely free of charge. Their housing loan product is built for a wide range of Filipino borrowers, from salaried employees in the private sector and BPO industry to OFWs, seafarers, self-employed professionals, and freelancers. With a minimum monthly income requirement of just P50,000 and a typical approval timeline of around 23 days, Security Bank offers an accessible and efficient path to home financing. Their current rates — 6.99% for a 1-year fixed term and 6.75% for a 5-year fixed term — make them one of the most attractive options on the market today.
For homeowners currently paying 8% or higher on an older loan from BDO, BPI, Metrobank, or another lender, refinancing to Security Bank through Nook can result in meaningful long-term savings. On a P3,000,000 loan with 20 years remaining, moving from 8.50% down to Security Bank's 5-year fixed rate of 6.75% could save you over P3,000 per month — that's more than P550,000 across the life of the loan. Nook's team handles the entire application process on your behalf, comparing Security Bank's offer against other partner banks to make sure you get your best available rate. You can learn more about what to expect in our complete guide to Security Bank home loan refinancing.
Security Bank housing loans can be used for a wide range of purposes including purchasing a ready-for-occupancy (RFO) home, pre-selling properties, new construction, reselling, renovation, home equity, and refinancing of existing loans. Their maximum debt-to-income ratio of 40% is standard across the industry, and their underwriting is known for being thorough but straightforward when documentation is complete. If you want a detailed breakdown of what to prepare before applying, see our Security Bank housing loan requirements guide. Note that all interest rates are subject to change — always verify current rates 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
As of 2026, Security Bank offers a 1-year fixed rate of 6.99% p.a. and a 5-year fixed rate of 6.75% p.a. for housing loans. They also offer a Home Equity product at 7.50% p.a. These rates are among the most competitive currently available in the Philippine market, but are subject to change — check with Nook or Security Bank directly for the latest figures.
Security Bank accepts applicants from a broad range of employment types including private sector employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum monthly income requirement is P50,000, and your total monthly debt obligations (including the new loan) must not exceed 40% of your gross monthly income. Filipino citizens and qualified foreign nationals may apply.
Security Bank typically approves housing loan applications within approximately 23 days from submission of complete documents. Delays most commonly occur when documentary requirements are incomplete, so preparing all requirements in advance can significantly speed up the process. Applying through Nook means our team reviews your documents before submission to help avoid unnecessary back-and-forth.
Yes — refinancing is one of the eligible loan purposes under Security Bank's housing loan program. If you're currently paying a higher rate with another bank, refinancing to Security Bank at 6.75% or 6.99% could reduce your monthly payment and save you a substantial amount over the remaining loan term. Nook can handle the entire refinancing application for free and will also compare Security Bank's offer against other partner banks to ensure you're getting your best available rate.
Security Bank's housing loan covers a wide range of purposes: purchasing RFO (ready-for-occupancy) properties, pre-selling units, reselling properties, new construction, renovation, home equity (using your existing property as collateral), and refinancing of existing home loans. This flexibility makes Security Bank a versatile choice whether you're a first-time buyer, upgrading your home, or looking to tap into your property's equity.
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