Security Bank offers fixed rates starting at 6.75% p.a. — but if you're currently paying 8% or more, refinancing through Nook could save you thousands every month.
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Why this matters
Security Bank is one of the Philippines' most competitive lenders for home loans in 2026, offering a 1-year fixed rate of 6.99% p.a. and a 5-year fixed rate of 6.75% p.a. — well below what many Filipino homeowners are currently paying. If you're on an older loan repriced at 8%, 9%, or even higher, the gap between what you're paying and what's available today can translate into hundreds of thousands of pesos in avoidable interest over the life of your loan. Security Bank accepts borrowers from a wide range of employment types, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and freelancers, with a minimum monthly income requirement of P50,000 and a typical approval timeline of just 23 days.
When comparing Security Bank's fixed and variable options, the right choice depends on your financial goals. A 5-year fixed rate locks in stability — ideal if you want predictable monthly payments and protection against future rate hikes. A 1-year fixed rate offers slightly higher flexibility, repricing annually based on prevailing market conditions. For borrowers refinancing from another bank, the 5-year fixed at 6.75% is often the most popular choice because it provides a long runway of savings without the uncertainty of short repricing cycles. You can also compare Security Bank's refinance rates against Metrobank to see how it stacks up against other top lenders.
Applying for a Security Bank housing loan through Nook is completely free — Nook acts as your digital mortgage broker, handling document preparation, bank coordination, and rate negotiation on your behalf at zero cost to you. Whether you're buying a new property, refinancing an existing loan, or tapping home equity, Nook makes it easy to access Security Bank's full suite of loan purposes including ready-for-occupancy, pre-selling, renovation, reselling, and foreclosed property financing. If you want to explore how Security Bank compares with other lenders, check out our Chinabank vs Security Bank rate comparison for 2026. Note that all interest rates are subject to change — always verify the latest rates directly with the bank or through Nook before making a 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. A Home Equity loan rate of 7.50% p.a. is also available. These rates are subject to change, so it's best to confirm the latest figures through Nook or directly with Security Bank before applying.
A 5-year fixed rate at 6.75% p.a. gives you longer payment stability and is often preferred by borrowers who want to plan their finances without worrying about annual repricing. A 1-year fixed rate at 6.99% p.a. offers slightly more flexibility but reprices every year based on prevailing market rates. If you expect rates to rise or you value predictability, the 5-year fixed is generally the safer choice.
Security Bank accepts applications from 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 should not exceed 40%. Security Bank's broad eligibility criteria make it one of the more accessible lenders in the Philippines.
Security Bank's typical loan approval timeline is around 23 days from submission of complete documents. Applying through Nook can help streamline this process, as Nook's team assists with document preparation and submission to ensure your application is complete and accurate from the start.
Yes, Nook's mortgage brokering service is 100% free for borrowers. Nook earns a referral fee from the bank upon successful loan disbursement, so there is no cost to you at any stage of the process. You get access to competitive rates, expert guidance, and full application support without paying a single peso in broker fees.
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