Security Bank's promo rate looks great for year one, then reverts to 7-9%. Nook shows you the number that actually matters — long term.
WHAT SECURITY BANK BORROWERS SAVE
No commitment. No credit check. Just your numbers.
Why this matters
Security Bank runs housing loan promos every year, usually dangling a low fixed rate for the first 1-2 years to win new borrowers. It's a solid hook, but the fine print matters: once the promo period ends, your loan automatically reprices to Security Bank's prevailing rate, which has historically landed between 7.5% and 9.5% depending on market conditions and your risk profile. That's the number you'll be paying for the next 18-23 years, not the promo rate on the brochure.
Here's the part promos conveniently leave out: you're not obligated to stay with Security Bank once your fixed period ends. Philippine law makes refinancing to another lender straightforward, and if Security Bank's repricing offer isn't competitive, you can move your mortgage elsewhere for a lower rate — with zero cost to you when you go through Nook.
The smartest move is to treat the promo period as a countdown, not a destination. Mark your repricing date, start comparing rates 60-90 days before it hits, and let Nook check whether Security Bank's renewal offer beats what's actually available in the market. Most of the time, it doesn't — and switching can save homeowners hundreds of thousands of pesos over the life of the loan.
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 periodically offers promotional fixed rates, often in the 5-6% range, for an introductory period of 1 to 2 years. After that, the loan reprices to their standard rate, which is typically 7.5% to 9.5%. Always ask for the specific promo terms in writing since rates and durations change throughout the year.
No. Promotional rates are introductory only and apply for a fixed period, usually 1-2 years, before automatically repricing to Security Bank's prevailing market rate. This is standard practice across all Philippine banks, not just Security Bank, so read your loan agreement's repricing clause carefully.
Yes, absolutely. Once your fixed or promo period expires, you're free to refinance with another bank if their rate is more competitive, with no legal obstacles standing in your way. Nook helps you compare Security Bank's repricing offer against the rest of the market for free, so you can decide if switching makes sense.
Sometimes the headline promo rate is competitive, but the real test is what happens after the promo ends. Some banks reprice much higher than others, so a lower introductory rate can end up costing more over 20 years than a competitor's steadier offer. Nook compares the full picture, not just the teaser rate.
If you're paying Security Bank's typical repriced rate of around 8.25% on a 3,000,000 loan, refinancing to Nook's best available rate of 5.99% could save you roughly 4,167 a month, or about 750,000 over the remaining loan term. The exact savings depend on your loan balance, remaining term, and current rate.
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