Security Bank Housing Loan Application

Security Bank accepts housing loan applications from a wide range of borrower profiles, making it one of the more inclusive lenders in the Philippines. To qualify, you generally need to meet the following eligibility criteria:

• Age: At least 21 years old at the time of application, and not older than 65 years old upon loan maturity.
• Minimum monthly income: 50,000 gross per month (individual or combined with a co-borrower).
• Employment type: Security Bank accepts Private Employees, Government Employees, BPO workers, OFWs and Seafarers, Self-Employed individuals, Licensed Professionals, and Freelancers.
• Citizenship: Filipino citizens or foreign nationals married to a Filipino citizen may apply, subject to additional requirements.
• Credit standing: A clean credit history with no major defaults is expected. Security Bank will conduct a credit investigation as part of the process.

If you are an OFW or seafarer, you will typically need a co-borrower based in the Philippines. Freelancers and self-employed applicants should be prepared to provide at least two years of documented income history.

Security Bank offers fixed interest rate options so you can lock in a predictable monthly payment for a defined period. As of 2026, their published rates through Nook are:

• 1-Year Fixed: 6.99% p.a.
• 3-Year Fixed: 7.25% p.a.
• 5-Year Fixed: 7.75% p.a.
• Home Equity Loan: 7.50% p.a.

After the fixed period ends, the rate typically reprices based on prevailing market rates. Most borrowers choose a 1-year or 3-year fix to take advantage of lower initial rates, then reassess at the end of the fixing period. If you already have a home loan at a higher rate, refinancing to 6.99% through Nook could meaningfully reduce your monthly amortization. Please note that interest rates are subject to change — always verify current rates directly with Security Bank or through Nook before applying.

The documentary requirements vary depending on your employment type. Below is a general overview of what Security Bank typically requires:

All applicants:

• Duly accomplished Security Bank housing loan application form
• Two valid government-issued IDs (e.g., passport, driver's license, SSS, UMID)
• Marriage certificate (if applicable) or birth certificate
• Tax Identification Number (TIN)

Employed (Private, Government, BPO):

• Latest one-month payslips (some branches require the last three months)
• Certificate of Employment with compensation (dated within 3 months)
• Latest ITR (BIR Form 2316) or BIR Form 2307

Self-Employed / Business Owner:

• Business Registration (DTI or SEC), Mayor's Permit
• Last two years' ITR with audited financial statements
• Bank statements for the last six months

OFW / Seafarer:

• Employment contract or POEA-validated contract
• Proof of remittances (last three to six months)
• Valid passport and OEC

Property documents (all applicants):

• Certified True Copy of Title (TCT or CCT)
• Tax Declaration and latest real property tax receipt
• Location map and vicinity map of the property
• Contract to Sell or Deed of Absolute Sale (if applicable)

For a detailed walkthrough on filling in the form itself, see our guide on the Security Bank housing loan application form.

The Security Bank housing loan application form is a multi-page document that captures your personal details, employment and income information, property details, and loan parameters. Here are the key sections and tips for completing each one accurately:

• Personal Information: Use your full legal name as it appears on your government ID. Double-check spelling — discrepancies can delay processing.
• Loan Details: Specify the loan amount you are requesting, your preferred loan term (typically 5 to 20 years), and the purpose of the loan (e.g., purchase of RFO unit, refinancing, renovation).
• Employment / Business Information: Provide accurate income figures. If you have multiple income sources, include all of them — Security Bank may allow blended income computation.
• Co-Borrower Section: If you have a co-borrower (common for OFWs or to strengthen the application), complete this section in full.
• Property Details: Fill in the location, lot area, floor area, and appraised value if known. This helps the bank size the loan correctly.
• Signature and Date: Both the main applicant and co-borrower (if any) must sign all required fields. Unsigned forms will be returned.

We have a dedicated step-by-step guide on how to download and fill out the Security Bank housing loan application form in 2026 if you want a more detailed walkthrough.

Here is a clear overview of the end-to-end process from inquiry to loan release:

1. Step 1 — Check your eligibility: Confirm you meet the minimum income requirement (50,000/month), age limits, and employment type criteria.
2. Step 2 — Get a loan estimate: Use Nook's free mortgage calculator or consult a Nook advisor to estimate your loanable amount and monthly amortization based on your income and the property price.
3. Step 3 — Prepare your documents: Gather all personal, income, and property documents as listed in the requirements section above. Incomplete submissions are the leading cause of delays.
4. Step 4 — Complete the application form: Download the official Security Bank housing loan application form, fill it out completely and accurately, and have it signed by all required parties.
5. Step 5 — Submit your application: You can submit through a Security Bank branch, through an accredited developer (for pre-selling or RFO projects), or through Nook as your free mortgage broker. Nook will handle submission and follow-up on your behalf.
6. Step 6 — Credit evaluation: Security Bank's credit team reviews your income, credit history, and debt-to-income ratio (maximum 40%). They may request additional documents at this stage.
7. Step 7 — Property appraisal: Security Bank assigns an accredited appraiser to assess the market value of the property. The loanable amount is based on the lower of the appraised value or purchase price.
8. Step 8 — Loan offer / Letter of Guarantee: If approved, you receive a formal loan offer detailing the approved amount, interest rate, term, and conditions. Review this carefully before signing.
9. Step 9 — Loan documentation and signing: Sign the loan agreement, mortgage documents, and other required contracts. A notary public is typically required.
10. Step 10 — Loan release: Once all documents are in order, Security Bank releases the loan proceeds — either directly to the seller, developer, or to your account depending on the loan purpose.

Typical approval time from complete submission is around 23 days, making Security Bank one of the faster-processing lenders in the Philippine market.

Security Bank's housing loan program is designed to accommodate a wide range of property values and borrower budgets. Here are the key parameters:

• Minimum loan amount: Typically 500,000
• Maximum loan amount: Generally up to 80% of the appraised value or purchase price of the property, whichever is lower
• Loan term: 1 to 20 years (some programs extend to 25 years depending on the purpose and borrower profile)
• Maximum Debt-to-Income (DTI) ratio: 40% — meaning your total monthly loan obligations (including the new housing loan) should not exceed 40% of your gross monthly income

As a practical example: if you earn 100,000 per month, Security Bank may allow a maximum monthly amortization of around 40,000. At a 6.99% rate on a 20-year term, that could support a loan of approximately 4,900,000 to 5,100,000, subject to property appraisal and credit evaluation. Always use a mortgage calculator or speak with a Nook advisor to get a more precise estimate based on your specific situation.

Security Bank's typical approval timeline from the date of complete document submission is approximately 23 banking days. This places it among the faster-processing banks in the Philippine housing loan market. Here is how that timeline generally breaks down:

• Days 1–5: Initial document review and credit investigation
• Days 6–12: Property appraisal scheduling and completion
• Days 13–20: Credit committee evaluation and decision
• Days 21–23: Preparation and issuance of the formal loan offer

The most common reason for delays is incomplete or inconsistent documentation. Submitting a complete and accurate package from day one is the single most effective way to keep your timeline on track. If you apply through Nook, our team reviews your documents before submission to catch any issues early — at no cost to you.

Once you have submitted your application, you can monitor its progress through several channels:

• Assigned loan officer: Security Bank typically assigns you a dedicated loan officer. Keep their contact details handy and do not hesitate to follow up proactively every few days.
• Security Bank hotline: You can call Security Bank's customer service hotline for a status update by providing your application reference number.
• Branch visit: If you submitted at a branch, visiting in person with your reference number can sometimes speed up responses.
• Through Nook: If you applied through Nook, your dedicated Nook advisor monitors your application and gives you regular updates — so you do not have to chase the bank yourself.

For a full guide on tracking your progress online and offline, see our dedicated article on how to check your Security Bank housing loan application status in 2026.

Understanding why applications get declined is just as important as knowing what to submit. Here are the most frequent reasons Security Bank — and Philippine banks in general — decline housing loan applications, along with practical tips to avoid each one:

• Insufficient income: Your declared income does not support the loan amount requested given the 40% DTI cap. Fix: Reduce the requested loan amount, extend the loan term to lower the monthly amortization, or add a co-borrower with stable income.
• Poor credit history: Missed payments on credit cards, personal loans, or previous mortgages are red flags. Fix: Pull your credit report from the Credit Information Corporation (CIC) before applying and resolve any outstanding issues. Banks typically want a clean record for the past 12–24 months.
• Incomplete documents: Missing signatures, expired documents, or inconsistent information between forms. Fix: Use a checklist and have a trusted advisor (like Nook) review your package before submission.
• Property issues: Title defects, encumbrances, or a property that does not meet the bank's collateral standards. Fix: Conduct a title search and verify the property's clean title status before applying.
• DTI ratio too high: You have existing loans that already consume a large portion of your income. Fix: Pay down smaller obligations before applying, or use a co-borrower to increase the income base.
• Unstable employment history: Recent job changes, gaps in employment, or less than one year in your current job. Fix: Wait until you have been with your current employer for at least one year before applying, or be prepared to provide additional supporting documents.

Yes — and this is one of the key advantages of using Nook. Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We do not charge application fees, brokerage fees, or any hidden charges. Here is what Nook does for you when you apply through us:

• Document review: We check your requirements before submission to avoid delays caused by incomplete or inconsistent paperwork.
• Application submission: We submit your application directly to Security Bank on your behalf through our partnership channel.
• Status monitoring: Your Nook advisor follows up with the bank and keeps you informed at every stage — no need to chase loan officers yourself.
• Rate comparison: Because Nook works with multiple partner banks, we can also show you competing offers from other lenders so you can make the most informed decision possible.
• Refinance assessment: If you already have a home loan, we can check whether refinancing to Security Bank's 6.99% rate (or another lender's rate) would save you money on your monthly amortization.

Getting started is simple — visit nook.com.ph, fill in a few details about your loan needs, and a Nook advisor will reach out to guide you through the rest. There is no obligation and no cost to you at any point.