Security Bank offers some of the most competitive housing loan rates in the Philippines — and with Nook, you can apply or refinance for free and see if you qualify in minutes.
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Why this matters
Security Bank is one of the Philippines' leading commercial banks and a trusted name in home financing. Their housing loan lineup covers a wide range of needs — from purchasing a ready-for-occupancy condo or house-and-lot, to refinancing an existing home loan, funding a renovation, or unlocking equity from your property. With a 5-year fixed rate starting at 6.75% p.a. and a 1-year fixed option at 6.99% p.a., Security Bank sits among the most attractively priced lenders in the market today. Their minimum monthly income requirement of P50,000 makes their loans accessible to a broad pool of qualified Filipino borrowers, including private employees, government workers, BPO professionals, OFWs, seafarers, the self-employed, and freelancers. To get a full picture of what to expect, you can review the Security Bank housing loan interest rates and requirements guide before you apply.
If you already have a home loan with another bank — or even with Security Bank — and you're paying 7.5% or higher, refinancing could save you hundreds of thousands of pesos over the life of your loan. Many Filipino homeowners are still locked into older loan packages with rates well above 8%, not realising that switching lenders (or repricing) through a broker like Nook can dramatically reduce their monthly obligation. Nook's platform lets you compare Security Bank's current housing loan rates side by side with other partner banks, so you always know you're getting the best available deal — not just the first offer you receive. Typical approval through Security Bank via Nook takes around 23 days, and Nook's service is completely free to borrowers.
Whether you're buying your first home, investing in a second property, or looking to refinance for a lower rate, it pays to go in prepared. Make sure you understand the complete Security Bank housing loan requirements so your application is as strong as possible from day one. Nook's mortgage specialists can guide you through every step — from pre-qualification and document preparation to loan submission and bank follow-up — all at no cost to you. Note that interest rates are subject to change; always verify the latest rates directly with Security Bank or through Nook before submitting your application.
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 standard housing loans, and a 7.50% p.a. rate for home equity loans. These rates are among the most competitive available from a major Philippine commercial bank, though rates are subject to change — confirm the latest figures through Nook or directly with Security Bank before applying.
Security Bank accepts applicants from a wide range of employment backgrounds, including private-sector employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. The minimum qualifying monthly income is P50,000. Applicants must meet standard credit and age requirements as well.
Security Bank housing loans can be used for a variety of purposes: purchasing a ready-for-occupancy (RFO) home or pre-selling property, refinancing an existing home loan from another bank, home renovation, new construction, reselling, acquiring a foreclosed property, or taking out a home equity loan against an existing property. This flexibility makes Security Bank a strong option for both first-time buyers and existing homeowners.
Security Bank typically processes housing loan applications in approximately 23 days when submitted through Nook with complete documentation. Delays are most often caused by incomplete requirements or additional verification steps, so preparing all your documents in advance is important. Nook's team will help you compile everything correctly to avoid unnecessary back-and-forth.
Yes — Nook's mortgage brokering service is 100% free to borrowers. Nook is compensated by the bank upon successful loan disbursement, so there is no broker fee charged to you at any point. You get access to Security Bank's housing loan products, plus comparisons with other partner banks, at no added cost. For more details on refinancing with Security Bank specifically, see the Security Bank home loan refinance guide.
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