Use Nook's free calculator to estimate your Security Bank housing loan monthly amortization — then find out if refinancing could cut your payments significantly.
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Why this matters
Security Bank is one of the Philippines' most competitive private banks for housing loans, offering fixed-rate terms starting at 6.99% per annum for a 1-year fix — making it a strong option whether you're buying a ready-for-occupancy property, refinancing an existing loan, or tapping home equity. To get an accurate picture of your monthly amortization, you'll need three key inputs: your loan amount, your preferred fixing period, and your remaining loan term. A ₱3,000,000 loan on a 20-year term at Security Bank's 1-year fixed rate of 6.99% translates to a monthly payment of approximately ₱23,271 — significantly lower than what many homeowners are currently paying on older, higher-rate loans. For a full breakdown of current rates across all fixing periods, see the Security Bank housing loan interest rates guide.
What most homeowners don't realize is that their calculator result is only the starting point. If your existing home loan is priced above 7.5% — which is common for loans taken out before 2023 — refinancing through Nook could lower your monthly amortization by thousands of pesos. Nook works with Security Bank and over a dozen other Philippine lenders, so instead of calculating one scenario, you can compare multiple banks side by side at no cost. Security Bank accepts borrowers from a wide range of employment types, including private employees, government workers, OFWs, self-employed professionals, and freelancers, with a minimum monthly income requirement of ₱50,000. Learn more about eligibility in the Security Bank housing loan requirements guide.
Nook's service is completely free to borrowers — we're compensated by the banks, not by you. Our licensed mortgage brokers handle everything from document preparation to bank submission, typically helping clients secure approval within 23 days through Security Bank. Whether you're calculating a new purchase loan or exploring refinancing options, Nook gives you real numbers from real lenders so you can make a confident, informed decision. Note that all interest rates are subject to change — always verify the latest rates directly with the bank or through Nook before committing to a loan.
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 currently offers a 1-year fixed rate of 6.99% p.a., a 3-year fixed rate of 7.25% p.a., and a 5-year fixed rate of 7.75% p.a. Home equity loans are available at 7.50% p.a. These rates are subject to change, so it's best to confirm the latest figures through Nook or directly with Security Bank before applying.
Your monthly amortization depends on three factors: the loan amount, the interest rate (based on your chosen fixing period), and the loan term. For example, a ₱3,000,000 loan at 6.99% over 20 years results in a monthly payment of approximately ₱23,271. Nook's free calculator lets you adjust these variables instantly so you can model different scenarios before applying.
Security Bank accepts applications from private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum monthly income requirement is ₱50,000, and your total debt-to-income ratio should not exceed 40%. Applicants must be Filipino citizens or eligible foreign nationals.
Yes — refinancing is one of Security Bank's supported loan purposes, and Nook specializes in helping homeowners refinance to lower their interest rate and monthly payments. If you're currently paying above 7.5% with another bank, switching to Security Bank's 6.99% 1-year fixed rate could result in meaningful monthly savings. Nook handles the entire process for free. See the full Security Bank refinancing guide for details.
Security Bank's typical approval timeline is around 23 business days when your application is complete and all documents are in order. Applying through Nook can help speed up this process because our mortgage brokers ensure your documents are correctly prepared before submission, reducing the chance of back-and-forth delays with the bank.
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