Security Bank offers some of the most competitive housing loan rates in the Philippines — but are you getting the best rate available? Nook compares Security Bank against all major lenders so you never leave money on the table.
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Why this matters
Security Bank is one of the Philippines' most borrower-friendly home loan lenders, offering a 1-year fixed rate of 6.99% and a competitive 5-year fixed rate of 6.75% — well below what most Filipino homeowners are currently paying. With a minimum monthly income requirement of just P50,000, relatively fast approval in around 23 days, and loan products covering refinancing, home equity, new construction, pre-selling, RFO, and renovation, Security Bank is a strong option for a wide range of borrowers including salaried employees, BPO workers, OFWs, self-employed professionals, and freelancers. You can explore the full breakdown of eligibility criteria in our Security Bank housing loan requirements guide.
If you already have a home loan — whether with Security Bank or another bank — and your current interest rate is above 7%, there's a strong chance you're overpaying every month. The example above shows what refinancing a P3,000,000 loan from a typical 8.50% rate to 5.99% through Nook could look like: over P3,000 in monthly savings and more than P550,000 saved over the life of the loan. Refinancing your home loan doesn't have to be complicated, and with Nook's free broker service, you get expert guidance and access to multiple lenders — including Security Bank — without paying a single peso in fees. For a deeper look at how Security Bank's rates stack up historically and across fixing periods, see our complete Security Bank interest rates guide.
Nook is the Philippines' first digital mortgage broker, and our job is simple: find you the lowest rate you qualify for, handle the paperwork, and get your application moving fast. Whether you're refinancing away from a high-rate loan or taking out a new housing loan, applying through Nook is 100% free. Security Bank's rates and requirements are subject to change — always verify current figures directly with the bank or through a Nook advisor before finalising 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's current housing loan rates are 6.99% for a 1-year fixed period and 6.75% for a 5-year fixed period. These are among the more competitive rates available from a major Philippine commercial bank in 2026. Note that rates are subject to change, so confirm the latest figures with Security Bank or a Nook advisor before applying.
Security Bank requires a minimum monthly income of P50,000 for housing loan applicants. This applies across most employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. Your debt-to-income ratio must also not exceed 40% of your gross monthly income.
Security Bank's typical approval timeline is approximately 23 days from submission of a complete application. This is relatively fast compared to some other major banks in the Philippines. Working with Nook can help ensure your documents are complete and correct from the start, reducing the risk of delays.
Yes — refinancing is one of the loan purposes supported by Security Bank, and Nook can facilitate your application at no cost to you. If you're currently paying 7% or higher on your existing home loan, refinancing to Security Bank's 5-year fixed rate of 6.75% or Nook's best available rate of 5.99% could save you thousands of pesos every month. You can learn more in our Security Bank refinancing guide.
Yes, Nook's mortgage brokering service is completely free for borrowers — you pay nothing to use it. Nook is compensated by the bank when your loan is successfully processed, which means there's no conflict of interest and no cost to you. You get expert advice, document support, and access to multiple lenders including Security Bank, all without any broker fees.
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