Security Bank offers some of the Philippines' most competitive housing loan rates — but if your loan is more than a year old, there's a good chance you're being repriced higher than necessary. See how much you could save by refinancing through Nook for free.
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Why this matters
Security Bank is one of the Philippines' most respected universal banks, and its housing loan product is consistently ranked among the most competitive in the market. For 2026, Security Bank's fixed-rate options start at 6.99% p.a. for a 1-year fix, rising to 7.25% for a 3-year fix and 7.75% for a 5-year fix. These rates apply to loan purposes including refinancing, ready-for-occupancy (RFO) purchases, pre-selling, new construction, reselling, renovation, and home equity — making it one of the more versatile lenders in the country. To qualify, borrowers generally need a minimum monthly income of ₱50,000 and a debt-to-income ratio within 40%. Security Bank also accepts a wide range of employment types: private employees, government workers, BPO professionals, OFWs and seafarers, the self-employed, licensed professionals, and freelancers. Typical approval takes around 23 days. For a full breakdown of eligibility criteria, see our Security Bank housing loan requirements guide.
The catch that many existing borrowers don't fully appreciate is how repricing works. When your fixed-rate period ends — whether after 1, 3, or 5 years — your bank doesn't automatically give you their best new-customer rate. You're often moved onto a variable or repriced fixed rate that can climb well above what's available in the market. If your current Security Bank loan was taken out or last repriced when rates were higher, you could be sitting on a rate anywhere from 8% to 10% or more. Refinancing — either back to Security Bank at a fresh rate or to a different lender — can unlock significant monthly savings. Nook compares offers from Security Bank and a panel of other Philippine banks so you always see the best available deal. For a deeper look at how Security Bank's rates have moved and what to expect at repricing, visit our complete Security Bank interest rate guide.
Applying through Nook is completely free for the borrower. Nook's licensed mortgage brokers handle the rate comparison, paperwork coordination, and bank liaison on your behalf — at no cost to you. Whether you're an existing Security Bank borrower looking to reprice or refinance, or a homeowner with another bank exploring a switch, Nook can generate a personalised savings estimate in minutes. Interest rates are subject to change; always confirm the current rate with your broker or directly with Security Bank before proceeding.
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 housing loan options are 6.99% p.a. for a 1-year fix, 7.25% for a 3-year fix, and 7.75% for a 5-year fix. A home equity loan rate of 7.50% is also available. These rates are subject to change, so it's always worth confirming the latest figures with Nook or directly with Security Bank before you apply.
Security Bank requires a minimum monthly income of ₱50,000 and a maximum debt-to-income ratio of 40%. The bank accepts a broad range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. For a complete checklist of documents and requirements, see our Security Bank housing loan requirements guide.
Security Bank's typical loan approval timeline is around 23 days from submission of complete documents. Working with a mortgage broker like Nook can help streamline the process, since Nook's team reviews your documents before submission and flags any gaps that could cause delays.
Yes — refinancing is one of the loan purposes explicitly supported by Security Bank's housing loan product. If you're currently with BDO, BPI, Metrobank, or any other Philippine bank and your rate is above what Security Bank is offering, refinancing could reduce your monthly payment significantly. Nook can compare Security Bank's refinance offer against other lenders on your behalf at no cost to you.
When your fixed-rate period expires, Security Bank will reprice your loan — typically to their prevailing rate at that time, which may be higher than your original rate or higher than competing lenders' offers. Many borrowers find it worthwhile to shop around at repricing time, either negotiating a new fixed rate with Security Bank or refinancing to a different lender. Nook can help you compare your options before your repricing date arrives. For more detail on how repricing and refinancing work together, read our Security Bank refinancing guide.
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