Calculate your Security Bank housing loan amortization instantly — then see how much you could save by refinancing to as low as 5.99% p.a. through Nook.
POTENTIAL MONTHLY SAVINGS
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Why this matters
Security Bank is one of the Philippines' most competitive home loan providers, offering fixed rates from 6.75% p.a. for a 5-year fix and 6.99% p.a. for a 1-year fix — well below what many Filipino homeowners are currently paying on older loans. If you took out a housing loan several years ago at 8% or higher, there's a strong chance you're leaving thousands of pesos on the table every month. Using this calculator is the first step to understanding exactly how much your current loan is costing you.
When computing your monthly amortization, three variables matter most: your outstanding loan amount, the interest rate, and your remaining loan term. A ₱3,000,000 loan at 8.50% over 20 years costs roughly ₱26,035 per month — but the same loan refinanced to Security Bank's 5-year fixed rate of 6.75% drops your payment significantly, freeing up real cash every month. If you're comparing options across lenders, it's worth reading how Security Bank stacks up against Metrobank on refinance rates before you decide.
Through Nook, applying for a Security Bank home loan or refinance is completely free — no broker fees, no hidden charges. Security Bank accepts a wide range of borrower profiles including private employees, government workers, BPO staff, OFWs, self-employed professionals, and freelancers, with a minimum monthly income requirement of ₱50,000. Approvals typically take around 23 days, and their maximum debt-to-income ratio of 40% is workable for most qualified borrowers. You can also compare Security Bank against Chinabank if you want to explore all your options before committing. Note that all interest rates are subject to change — always verify current rates with the 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
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 home loans, including refinancing. Rates are subject to change, so it's best to confirm the latest figures through Nook or directly with the bank before applying.
Your monthly amortization depends on your loan amount, interest rate, and loan term. For example, a ₱3,000,000 loan at 6.75% over 20 years results in a monthly payment of approximately ₱22,741. Nook's calculator handles this math instantly — just input your figures to get an accurate estimate.
Security Bank accepts borrowers from a wide range of employment types, including private employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum monthly income requirement is ₱50,000, and your total debt payments should not exceed 40% of your gross monthly income.
Security Bank's typical loan approval timeline is around 23 banking days from the date of complete document submission. Applying through Nook can help streamline the process since Nook's team assists with document preparation and coordinates directly with the bank on your behalf.
Yes — Nook's service is 100% free to borrowers. There are no broker fees, application fees, or hidden charges for using Nook to apply for or refinance a Security Bank housing loan. Nook earns a referral fee from the bank, not from you.
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