Security Bank's current fixed rates start at 6.99% p.a. — if you're paying above that, refinancing through Nook could save you thousands of pesos every month, completely free.
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Why this matters
Security Bank is one of the Philippines' most competitive lenders for home loans in 2026, offering fixed-rate periods of 1, 3, and 5 years with transparent pricing. Their 1-year fixed rate of 6.99% p.a. is among the sharpest in the market for qualified borrowers — and for homeowners who want longer stability, the 3-year fixed at 7.25% p.a. or 5-year fixed at 7.75% p.a. offer predictable monthly payments without nasty repricing surprises. Security Bank also offers a Home Equity product at 7.50% p.a. for borrowers looking to unlock the value in their property. If you want a fuller breakdown of eligibility and documentation, see our Security Bank housing loan requirements guide.
What many Filipino homeowners don't realise is that the interest rate they signed up with 3–5 years ago is almost certainly higher than what's available today. Banks don't call you to offer a better deal — it's up to you to act. Through Nook, you can compare Security Bank's current rates against other leading Philippine lenders in minutes, with no broker fees charged to you at any stage. Security Bank accepts borrowers from a wide range of employment backgrounds including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and freelancers — with a minimum monthly income requirement of 50,000 and a typical approval timeline of around 23 days. For a detailed walkthrough of the refinancing process with Security Bank, our Security Bank refinance guide covers everything from documents to disbursement.
The savings potential is real and significant. On a 3,000,000 loan with 20 years remaining, moving from a 9.00% rate to Security Bank's 6.99% 1-year fixed rate reduces your monthly amortisation by over 3,700 pesos — that's more than 44,000 pesos back in your pocket every year. Over the life of the loan, the difference runs well into six figures. Nook's service is 100% free to borrowers: we earn a referral fee from the bank, not from you. Please note that interest rates are subject to change and you should verify current rates directly with Security 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., a 3-year fixed rate of 7.25% p.a., and a 5-year fixed rate of 7.75% p.a. for housing loans. They also offer a Home Equity product at 7.50% p.a. These rates are subject to change, so it's worth confirming the latest pricing through Nook or directly with Security Bank before you apply.
Security Bank accepts borrowers from a broad range of employment types, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum monthly income requirement is 50,000 pesos, and your total debt-to-income ratio must not exceed 40%. Loan purposes covered include refinancing, purchase of RFO or pre-selling units, new construction, renovation, resale, foreclosed properties, and home equity.
Security Bank's typical approval timeline is around 23 days from submission of a complete application. Delays usually happen when documents are incomplete, so it helps to prepare your income documents, property papers, and identification in advance. Applying through Nook means you get guided support throughout the process to avoid common hold-ups.
Yes — Nook's mortgage brokering service is completely free to borrowers. Nook is compensated by a referral arrangement with the bank, so you pay nothing for access to rate comparisons, loan structuring advice, or application assistance. The only costs you'll encounter are standard bank charges such as appraisal fees and documentary stamp tax, which apply regardless of whether you use a broker.
The right fixed period depends on your priorities. A 1-year fixed at 6.99% gives you the lowest starting rate but means your loan will reprice sooner, which is a good fit if you expect rates to fall further or plan to sell or refinance again within a few years. A 3-year or 5-year fixed costs slightly more upfront but locks in your monthly payment for longer, giving you budget certainty — ideal if you value stability or have a fixed household income. Nook can help you model each scenario against your specific loan balance and timeline.
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