Security Bank offers some of the most competitive refinance rates in the Philippines — starting at 6.75% p.a. fixed for 5 years. Through Nook, you can apply for free and find out exactly how much you could save.
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Why this matters
If you took out a housing loan several years ago, there's a strong chance your current interest rate is significantly higher than what's available today. Security Bank is one of the Philippines' leading refinance lenders, offering a 1-year fixed rate of 6.99% p.a. and a 5-year fixed rate of 6.75% p.a. — well below the 8% to 10% that many Filipino homeowners are still paying. Refinancing with Security Bank through Nook means you get access to these rates without paying broker fees, because Nook's service is 100% free to borrowers.
Security Bank's home loan refinance program accepts a wide range of borrowers — including private and government employees, BPO workers, OFWs, seafarers, self-employed professionals, and freelancers. With a minimum monthly income requirement of just ₱50,000 and a maximum debt-to-income ratio of 40%, many Filipino homeowners qualify. Typical approval takes around 23 days, making it one of the faster refinance timelines among major Philippine banks. If you're weighing your options, it's also worth reading our Security Bank vs RCBC housing loan comparison to see how the two stack up on rates, promos, and requirements.
Refinancing isn't just about getting a lower monthly payment — it's about reclaiming money that would otherwise go straight to your bank in interest. On a ₱3,000,000 loan with 20 years remaining, moving from a 9.00% rate to Security Bank's 6.75% fixed rate can mean saving thousands every month and hundreds of thousands over the life of the loan. Nook's mortgage brokers will handle the paperwork, negotiate on your behalf, and submit your application to Security Bank — all at no cost to you. Note: Interest rates are subject to change. Please verify current rates with Security Bank or through Nook before applying.
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 home loan refinancing. These are among the most competitive rates available from a major Philippine bank. Please note that rates are subject to change, so it's best to confirm the latest figures through Nook or directly with Security Bank before you apply.
Security Bank accepts a broad range of borrower profiles, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, licensed professionals, and freelancers. You'll need a minimum monthly income of ₱50,000 and your total monthly debt obligations should not exceed 40% of your gross monthly income. Nook can help you assess your eligibility for free before you formally apply.
Security Bank's typical loan approval timeline is around 23 days from submission of complete documents, which is relatively fast compared to other major Philippine banks. Having all your requirements ready — including proof of income, property documents, and your existing loan statement — can help avoid delays. Nook will guide you through the document checklist so your application is complete from day one.
No — Nook's mortgage brokering service is completely free for borrowers. Nook is compensated by the bank when your loan is successfully processed, so you pay nothing for the advice, application support, or document coordination. This means you get professional guidance on whether Security Bank or another lender is the best fit for your situation, at zero cost to you.
The right choice depends on your financial goals and risk tolerance. A 1-year fixed rate of 6.99% gives you flexibility to reprice sooner if rates drop further, while the 5-year fixed rate of 6.75% offers greater peace of mind and payment stability over the medium term. If you're also comparing options from other lenders, you might find our BDO home loan guide useful as a benchmark. A Nook mortgage broker can walk you through both scenarios with actual numbers based on your loan balance.
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