Security Bank Housing Loan Requirements 2026: Documents, Eligibility & Application

Security Bank accepts housing loan applications from a wide range of employment types, making it one of the more accessible lenders in the Philippines. Eligible applicants include:

• Private sector employees (regular or permanent status)
• Government employees
• BPO workers
• OFWs and seafarers
• Self-employed professionals (doctors, lawyers, accountants, etc.)
• Business owners
• Freelancers

In general, applicants must be Filipino citizens (or foreigners married to a Filipino citizen for certain loan purposes), at least 21 years old at the time of application, and no older than 70 years old at loan maturity. Stability of income — whether through employment or a running business — is a key qualifying factor.

Security Bank requires a minimum combined gross monthly income of 50,000 pesos to qualify for a housing loan. This applies across all employment types — salaried, self-employed, OFW, and freelancer applicants alike.

It's worth noting that this is the minimum threshold, not a guarantee of approval. The actual loan amount you qualify for depends on your verified income, existing financial obligations, and Security Bank's maximum debt-to-income (DTI) ratio of 40%. For example, if your gross monthly income is 80,000 pesos, your total monthly debt payments — including the new housing loan — should not exceed 32,000 pesos.

If your individual income falls below 50,000 pesos, you may be able to meet the requirement by including a co-borrower (such as a spouse or close relative) whose income can be combined with yours.

Salaried applicants — whether in the private sector, government, or the BPO industry — should prepare the following documents:

Personal Identification:

• Two valid government-issued IDs (e.g., passport, driver's license, SSS/GSIS ID, PRC ID, PhilHealth ID, Voter's ID)
• Accomplished Security Bank housing loan application form

Income Documents:

• Certificate of Employment (COE) with compensation details, issued within the last 3 months
• Latest 3 months' payslips
• BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) for the most recent year
• Latest ITR (BIR Form 1700) if applicable

Property Documents (varies by loan purpose — see Q6 for details):

• Certified true copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
• Latest tax declaration and real property tax receipts
• Floor plan and lot plan (if applicable)
• Contract to Sell or Deed of Sale (for purchase transactions)

Having all these ready before you submit significantly reduces back-and-forth with the bank and helps you hit that 23-day approval window.

Self-employed applicants and business owners face a slightly longer document list because Security Bank needs to assess the stability and sufficiency of business income. Prepare the following:

Personal Identification:

• Two valid government-issued IDs
• Accomplished housing loan application form

Business Documents:

• DTI Certificate of Registration (for sole proprietors) or SEC Registration and Articles of Incorporation/Partnership (for corporations or partnerships)
• Mayor's Permit / Business Permit (current year)
• Audited Financial Statements for the last 2–3 years, stamped received by the BIR
• BIR Form 1701 (Annual Income Tax Return) for the last 2 years
• Latest 6 months' bank statements (savings or current account in the applicant's name or business name)

For licensed professionals (doctors, lawyers, engineers, etc.):

• PRC ID and Certificate of Registration
• Proof of practice or clinic/office lease contract

Property Documents: Same as salaried applicants (see Q3 above).

Self-employed applicants may take slightly longer to process due to income verification, but Security Bank is well-equipped to evaluate non-traditional income sources.

OFWs and seafarers can apply for a Security Bank housing loan, and the bank has a clear process for verifying overseas income. Here's what you'll typically need:

Personal Identification:

• Two valid IDs, including a valid passport
• OEC (Overseas Employment Certificate) or POEA-verified employment contract

Income Documents:

• Proof of remittance for the last 3–6 months (bank statements or remittance receipts)
• Employment contract or Crew Agreement (for seafarers), showing monthly salary and contract duration
• POEA-verified contract (for land-based OFWs)
• Latest ITR filed in the Philippines, if applicable

For seafarers specifically:

• SIRB (Seaman's Identification Record Book)
• Allotment records or payroll slips from the manning agency

Because OFW applicants are often abroad during the application process, a Special Power of Attorney (SPA) is typically required to authorize a representative — usually a spouse or close relative — to sign and submit documents on your behalf in the Philippines.

Security Bank accepts OFW and seafarer applications through Nook, meaning you can start the process online and have a dedicated broker coordinate everything locally while you're overseas.

Security Bank supports a broad range of housing loan purposes, which is one of the reasons it's a popular choice among Filipino borrowers. Accepted loan purposes include:

• Ready for Occupancy (RFO) — purchase of a completed house and lot, condominium unit, or townhouse
• Pre-selling — purchase of a property still under construction from a developer
• Reselling — purchase from an individual seller (secondary market)
• New Construction — building a new home on a lot you already own
• Renovation — improving or expanding an existing property
• Refinancing — transferring your existing home loan from another bank to Security Bank, often to get a lower interest rate
• Home Equity / Multi-purpose loan — borrowing against the equity in your existing property
• Foreclosed properties — purchasing bank-owned or foreclosed assets

The property documents required will vary depending on the loan purpose. For purchase transactions, a Contract to Sell or Deed of Absolute Sale is required. For refinancing, your existing loan statement of account and original title documents will be needed. For construction and renovation, a building plan, bill of materials, and cost estimates from a licensed contractor or engineer are typically required.

You can explore Security Bank home loan rates and how to apply for a breakdown of rates by loan type.

Security Bank offers flexible loan amounts and repayment terms to suit different borrower profiles and property types. While specific minimums and maximums may vary by loan purpose and collateral, here are the general parameters:

• Minimum loan amount: Typically 1,000,000 pesos, though this may vary
• Maximum loan amount: Up to 80% of the appraised value of the property (Loan-to-Value or LTV ratio), depending on property type and purpose
• Repayment terms: Typically 1 to 20 years, with some loan purposes eligible for up to 25 years

For refinancing, Security Bank generally lends up to 80% of the property's appraised value, less any outstanding balance transferred. For home equity loans, the LTV cap may differ.

The interest rate you receive will depend on your chosen fixed-rate period. Security Bank's current rates are:

• 1-Year Fixed: 6.99% p.a.
• 3-Year Fixed: 7.25% p.a.
• 5-Year Fixed: 7.75% p.a.
• Home Equity: 7.50% p.a.

Rates are subject to change — verify current rates before submitting your application. For a detailed look at how these rates compare, see Security Bank home loan interest rates and calculator.

Security Bank sets a maximum Debt-to-Income (DTI) ratio of 40%. This means that after approval, your total monthly debt obligations — including your new Security Bank housing loan — should not exceed 40% of your gross monthly income.

Here's a practical example: If your gross monthly income is 100,000 pesos, your total allowable monthly debt payments (including all existing loans, credit card minimums, and the new housing loan) would be capped at 40,000 pesos. If you already have a car loan with a monthly payment of 10,000 pesos, the maximum monthly amortization Security Bank would approve for your housing loan would be approximately 30,000 pesos.

This DTI cap directly determines how large a loan you can qualify for. To maximize your borrowing capacity, try to pay down existing debts before applying, or include a co-borrower to increase the combined income base used in the calculation.

If you're unsure how much you can borrow given your current obligations, Nook's mortgage advisors can run the numbers for you — at no cost.

Security Bank's typical approval timeline is 23 days from the date of complete document submission. This is relatively fast compared to the Philippine industry average, which can run 30 to 45 days or longer at some banks.

The key phrase here is "complete document submission." Incomplete applications — missing a payslip, an unsigned form, or a property document — are the most common reason approvals get delayed. Every back-and-forth request for a missing document can add days or weeks to the timeline.

To help you hit the 23-day window, here's what to do before submitting:

• Use the document checklists in Q3, Q4, and Q5 above as a pre-submission review
• Make sure all documents are current (COEs within 3 months, bank statements within 6 months)
• Ensure all forms are fully accomplished and signed
• Have the property owner or developer provide updated title documents and tax clearances

Applying through Nook adds another layer of speed — our mortgage brokers review your documents before submission to catch issues early, which means Security Bank receives a clean, complete application from day one.

Yes — Nook is an accredited digital mortgage broker and Security Bank is a Nook partner bank. You can apply for a Security Bank housing loan directly through Nook at absolutely no cost to you. Nook's service is 100% free for borrowers.

Here's what applying through Nook gives you:

• Document review before submission — we catch missing or outdated documents before they reach the bank, reducing delays
• Dedicated mortgage advisor — a real person guides you through the entire process, from eligibility check to loan release
• Multi-bank comparison — we can show you how Security Bank's rates and requirements compare to other lenders so you choose the best fit
• Refinancing expertise — if you're refinancing, we'll calculate your exact savings and handle the coordination between your old and new lender

Security Bank currently offers a 1-year fixed rate of 6.99% p.a. through Nook. For context, many Filipino homeowners are still paying between 7% and 10% on older loans — refinancing through Nook could mean significant monthly savings on a loan of 3,000,000 to 10,000,000 pesos.

Getting started takes just a few minutes. Submit your details on Nook and a mortgage advisor will reach out to walk you through your options — no pressure, no fees, just expert guidance.

Note: All interest rates mentioned are subject to change. Please verify current rates with Security Bank or through Nook before making any financial decisions.