Security Bank offers competitive fixed-rate home loans starting at 6.99% p.a. — but if you're on an older loan, you could be paying far more. Refinancing through Nook takes minutes and costs you nothing.
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Why this matters
Security Bank is one of the Philippines' most established universal banks, and its housing loan products are among the more competitive in the market for 2026. Their current fixed-rate offerings range from 6.99% p.a. for a 1-year fixed period up to 7.75% p.a. for a 5-year fixed period — giving borrowers flexibility depending on how much rate certainty they want. For homeowners looking to tap their property's value, Security Bank also offers a Home Equity loan at 7.50% p.a. The bank accepts a broad range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and freelancers, with a minimum monthly income requirement of P50,000 and a typical approval timeline of around 23 days.
If you already have a home loan — whether with Security Bank or another lender — and your current interest rate is above 7%, there's a strong chance you're overpaying every month. Many Filipino homeowners took out loans when rates were 8%, 9%, or even 10%, and have never revisited those terms. Refinancing replaces your existing loan with a new one at a lower rate, which directly reduces your monthly amortisation. On a P3,000,000 balance with 20 years remaining, moving from 8.50% to a better rate can mean saving over P2,700 per month — that's more than P32,000 a year staying in your pocket. Before you apply, it's worth reviewing the full documents checklist and eligibility requirements for Security Bank's housing loan so you know exactly what to prepare.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare rates across Security Bank and other partner lenders to find you the best deal, then handle the paperwork and coordination so you don't have to. There are no broker fees, no hidden charges — Nook is paid by the bank, not by you. Whether you're refinancing an existing loan or applying for a new home purchase, learn how to fill out and submit your Security Bank home loan application or let Nook guide you through the entire process digitally. Interest rates are subject to change — always verify the latest rates directly with Security 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's current fixed-rate home loan rates are 6.99% p.a. for a 1-year fixed period, 7.25% p.a. for a 3-year fixed period, and 7.75% p.a. for a 5-year fixed period. Their Home Equity loan product is priced at 7.50% p.a. Note that these rates are subject to change — check with Nook or Security Bank directly for the most current figures before applying.
Security Bank accepts applicants from a wide range of employment backgrounds including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum monthly income requirement is P50,000, and your total debt-to-income ratio (DTI) must not exceed 40%. You can review the full eligibility criteria and required documents in the Security Bank housing loan requirements checklist.
Security Bank's typical approval timeline is around 23 banking days from the time your complete application and documents are submitted. Incomplete submissions are one of the most common causes of delays, so preparing all required documents in advance is strongly recommended. Applying through Nook helps ensure your application is complete and correctly packaged before it reaches the bank.
If your current home loan rate is above 7.25% and you have a substantial remaining balance (ideally P1,500,000 or more), refinancing to Security Bank's rates could generate meaningful monthly savings. On a P3,000,000 loan with 20 years remaining, moving from 8.50% to a lower rate could save you over P2,700 per month. Nook can run the numbers for your specific situation for free and tell you whether refinancing makes financial sense before you commit.
No — Nook's mortgage brokering service is 100% free to the borrower. Nook is compensated by the bank when a loan is successfully placed, so you receive full support, rate comparison, and application assistance at no cost to you. There are no hidden fees, processing charges, or obligations to proceed after your initial consultation.
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