Security Bank offers fixed rates starting at 6.99% p.a. — but if your current loan is above that, refinancing through Nook could save you thousands every month. Our service is 100% free.
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Why this matters
Security Bank is one of the Philippines' most competitive home loan providers, offering fixed-rate terms of 1, 3, and 5 years on housing loans. Their 1-year fixed rate of 6.99% p.a. is among the sharper rates available in the market today, while their 3-year fixed at 7.25% and 5-year fixed at 7.75% give borrowers flexibility to lock in stability for longer. They also offer a Home Equity loan product at 7.50% p.a. for homeowners who want to tap the value of their property. With a minimum monthly income requirement of just ₱50,000 and approval typically completed in around 23 days, Security Bank is accessible to a wide range of borrowers — including employees in the private sector, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and freelancers. For a full breakdown of eligibility criteria, see our Security Bank housing loan requirements guide.
If you already have a home loan — whether with Security Bank or another lender — and your current interest rate is sitting above 7%, refinancing is worth running the numbers on. Many Filipino homeowners took out loans at 8%, 9%, or even 10% during previous rate cycles and have never renegotiated. Over a 20-year term on a ₱3,000,000 loan, the difference between 9% and 6.99% adds up to hundreds of thousands of pesos in interest paid. Nook's free refinancing service lets you compare Security Bank's rates alongside other Philippine lenders so you can see exactly what you'd save before committing to anything. You can also explore our Security Bank home loan refinancing guide for a step-by-step look at how the process works.
Applying through Nook costs you nothing — no broker fees, no hidden charges. We handle the paperwork coordination, lender communication, and rate comparison on your behalf, so you get expert guidance without the runaround. Security Bank loan applications processed through Nook benefit from dedicated support throughout the approval process, which typically takes around 23 days. Whether you're refinancing an existing loan, financing a ready-for-occupancy property, or exploring a home equity loan, Nook helps you move faster and more confidently. Note: Interest rates are subject to change. Always verify current rates directly with Security Bank or through your Nook advisor before finalising your application.
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. They also have a Home Equity loan product at 7.50% p.a. These rates are subject to change, so it's best to confirm the latest figures with Security Bank directly or through a Nook advisor before applying.
If you expect interest rates to fall in the near term, a shorter 1-year fixed period gives you the lowest starting rate and the flexibility to reprice sooner. If you prefer predictability in your monthly budget and want protection against rate increases, a 3-year or 5-year fixed term is worth the slightly higher rate. Your Nook advisor can help you model out the cost difference based on your specific loan amount and financial situation.
Yes — refinancing to Security Bank is one of the most common requests Nook handles. If your current interest rate is above 7%, switching to Security Bank's 6.99% 1-year fixed rate could meaningfully reduce your monthly payment. Nook's service is completely free to you as the borrower, and we manage the application process from document submission through to approval.
Security Bank requires a minimum monthly income of ₱50,000 and a maximum debt-to-income ratio of 40%. They accept a wide range of employment types including private-sector employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, professionals, and freelancers. For a complete list of documentary requirements, visit our Security Bank housing loan requirements guide.
Security Bank's typical approval timeline is around 23 days from the time a complete application is submitted. Delays usually happen when documents are missing or incomplete, which is why working with a Nook advisor — who reviews your documents before submission — can help keep the process on track. Nook's coordination support is provided at no cost to borrowers.
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