Thousands of Filipino homeowners are overpaying on their Security Bank housing loan every month. Use our free calculator to find out if refinancing could lower your monthly amortization — and how much you'd save over the life of your loan.
YOUR POTENTIAL SAVINGS
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Why this matters
Security Bank is one of the Philippines' most trusted home loan providers, offering competitive fixed-rate packages for purchase, construction, and refinancing. Their 2026 rates start at 6.75% p.a. for a 5-year fixed term — one of the most attractive long-term lock-in options currently available in the market. But if you took out your loan a few years ago, there's a good chance your existing rate is significantly higher than what's available today. Many homeowners are still carrying rates between 8% and 10%, which means they're leaving thousands of pesos on the table every single month.
Refinancing your home loan means replacing your existing mortgage with a new one at a lower interest rate — ideally through a bank like Security Bank that offers transparent terms, fast processing (typically around 23 days for approval), and accessible income requirements starting at P50,000 per month. Whether you're currently with another lender or even with Security Bank itself, it's worth running the numbers. You can also compare Security Bank's refinance rates against Metrobank to see how they stack up before you decide. The savings illustrated above are based on a P3,000,000 loan at 8.50% being refinanced to 6.75% over a 20-year remaining term — a realistic scenario for many mid-career Filipino homeowners.
Applying through Nook is completely free. As the Philippines' first digital mortgage broker, Nook does the heavy lifting — comparing rates across multiple lenders, preparing your documents, and submitting on your behalf. There are no broker fees, no hidden charges, and no obligation to proceed after you see your options. If you're weighing your choices, you might also find it useful to compare Chinabank and Security Bank home loan rates for 2026 before locking in. Note that all interest rates are subject to change — always verify current rates directly with the bank or through Nook before making any financial decisions.
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. and a 5-year fixed rate of 6.75% p.a. for qualified borrowers, including those refinancing an existing home loan. These rates are among the most competitive in the Philippine market for long-term fixed periods. Rates are subject to change, so it's best to verify the latest figures through Nook or directly with Security Bank before applying.
Your monthly amortization depends on three things: your loan amount, the interest rate, and your remaining loan term. For example, a P3,000,000 loan at 6.75% p.a. over 20 years results in a monthly payment of approximately P22,966. You can use Nook's free calculator above to estimate your own payments — just enter your loan details and it will show you both your current and potential new monthly cost.
Security Bank accepts a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, professionals, and freelancers. The minimum monthly income requirement is P50,000, and your total debt-to-income ratio (DTI) must not exceed 40%. Security Bank supports loan purposes including refinancing, home equity, new construction, pre-selling, RFO, renovation, and reselling.
Security Bank typically processes and approves home loan applications within approximately 23 days, which is faster than many competing banks in the Philippines. Having complete and accurate documents at the time of submission is the single biggest factor in speeding up approval. Applying through Nook can help ensure your application is properly prepared before it reaches the bank.
If your current rate is above 7.5% or higher, refinancing to Security Bank's 5-year fixed rate of 6.75% could save you a significant amount over your remaining loan term. The breakeven point on refinancing costs is typically 12–24 months, meaning most homeowners recover any upfront fees relatively quickly. Nook can help you calculate your exact savings and handle the entire application process at no cost to you.
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