Security Bank offers competitive housing loan rates starting at 6.75% p.a. — but through Nook, you could refinance to as low as 5.99% p.a. and save thousands every month.
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Why this matters
Security Bank is one of the Philippines' most recognized private banks, offering housing loans for purchases, construction, and refinancing. Their current fixed rates start at 6.99% for a 1-year fix and 6.75% for a 5-year fix — which are genuinely competitive in today's market. However, many existing Security Bank borrowers took out their home loans years ago when rates were higher, and may still be paying 8% to 10% per annum without realizing a better deal is available. If your loan was repriced recently and landed above 7%, it's worth checking whether you can do better. For a full breakdown of what Security Bank currently offers, see our complete guide to Security Bank housing loan interest rates.
Refinancing your home loan — whether away from Security Bank or into a better product — is one of the most powerful financial moves a Filipino homeowner can make. On a ₱3,000,000 loan with 20 years remaining, moving from 8.50% down to 5.99% saves over ₱4,000 per month. That's money that could go toward your children's education, emergency savings, or paying down the loan faster. Nook compares rates from Security Bank and 10+ other Philippine lenders to find you the best available deal — and the service is completely free. If you're already with Security Bank and thinking about refinancing, our Security Bank refinancing guide walks through exactly how the process works.
To refinance through Nook, you'll generally need a minimum monthly income of ₱50,000, a property with clean title, and at least 12 months of on-time payments on your existing loan. Security Bank itself accepts a wide range of borrower profiles including employed professionals, BPO workers, OFWs, self-employed individuals, and freelancers — making it one of the more accessible lenders in the country. Approval typically takes around 23 business days once complete documents are submitted. Whether you're refinancing to Security Bank or exploring whether another lender can offer you a lower rate, Nook does the comparison work for you at zero cost. Note: interest rates are subject to change — always verify the latest rates directly with the bank or through a licensed broker like Nook.
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 housing loans. These rates apply to qualified borrowers and are subject to repricing after the fixed period ends. Always confirm the latest rates with Security Bank directly or through Nook, as rates can change without prior notice.
Security Bank requires a minimum monthly income of ₱50,000 and accepts borrowers from a wide range of employment backgrounds including private employees, government workers, BPO staff, OFWs, self-employed professionals, and freelancers. You'll need to submit valid IDs, proof of income, property documents, and a filled-out application form. For a complete checklist, visit our Security Bank housing loan requirements guide.
Yes — if your current Security Bank loan was taken out or repriced at a rate above 7%, refinancing could significantly reduce your monthly payment. Nook can check whether Security Bank itself offers a better product, or whether another lender in our panel can beat your current rate. The entire process through Nook is free for borrowers.
Security Bank typically completes loan approval within approximately 23 business days from submission of complete documentary requirements. Delays can occur if documents are incomplete or if the property needs additional appraisal. Applying through Nook helps streamline the process since our team reviews your documents before submission to the bank.
Yes, Nook's service is 100% free for borrowers — Nook is compensated by the bank, not by you. You share your loan details with Nook, and the team compares rates across Security Bank and other partner lenders to find the best available offer for your situation. There's no obligation to proceed, and no hidden fees at any stage.
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