Planning to take out a Security Bank housing loan in 2026? Before you submit your application, it helps to know exactly what Security Bank requires — from minimum income thresholds and employment types to the full document checklist. Security Bank is one of the Philippines' most competitive home loan providers, offering fixed rates starting at 6.99% p.a. for a 1-year fixing period, with approvals typically completed in as few as 23 days.
This page answers the ten most common questions Filipino borrowers ask about Security Bank housing loan requirements. Whether you're purchasing a ready-for-occupancy unit, refinancing an existing mortgage, or tapping your home equity, you'll find clear, up-to-date guidance below. And because Nook is an official digital mortgage broker for Security Bank, you can submit your application entirely through Nook — at zero cost to you.
Security Bank accepts housing loan applications from a broad range of borrowers. To be eligible, you must be a Filipino citizen or a qualified foreign national (for certain property types), at least 21 years old at the time of application, and no older than 70 years old by the end of the loan term. Security Bank accommodates several employment categories, including private-sector employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, licensed professionals, and freelancers. This wide acceptance of employment types makes Security Bank one of the more accessible lenders in the Philippine market.
Security Bank requires a minimum gross monthly income of 50,000 pesos. This applies across employment types — whether you are a salaried employee, a self-employed professional, or an OFW. If you are applying jointly with a co-borrower (such as a spouse), your combined income may be used to meet this threshold, which can make it easier to qualify for a larger loan amount. Note that the amount you can actually borrow will also depend on your debt-to-income ratio (see Q7 below) and the appraised value of the property.
If you are a salaried employee — whether in the private sector, a government agency, or a BPO company — you will typically need to prepare the following documents when applying for a Security Bank housing loan:
- Completely filled-out Security Bank housing loan application form
- One valid government-issued ID (passport, driver's license, SSS/GSIS ID, PRC ID, or similar)
- Certificate of Employment and Compensation (CEC) issued within the last 90 days
- Latest three months' payslips
- Latest Income Tax Return (ITR, BIR Form 2316) for the most recent year
- Proof of billing address (utility bill or bank statement dated within 3 months)
For the property itself, you will also need to submit a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), a recent tax declaration, and the Contract to Sell or Deed of Sale (depending on the transaction stage). Security Bank or your Nook advisor can confirm the full list based on your specific loan purpose.
Self-employed borrowers and business owners need to demonstrate their income through business and financial records. The typical document requirements include:
- Completed loan application form
- One valid government-issued ID
- DTI Registration (for sole proprietors) or SEC Registration and Articles of Incorporation (for corporations or partnerships)
- Latest two to three years' audited financial statements (AFS) with the independent auditor's report
- Latest two to three years' Income Tax Returns (ITR, BIR Form 1701 or 1702)
- Latest three to six months' bank statements showing business transactions
- Proof of billing address
Freelancers and licensed professionals (e.g., doctors, lawyers, architects) may need to provide their PRC ID or professional license, plus income documentation such as contracts, billing statements, or a notarized income affidavit. Because self-employed income documentation can vary, working with a Nook advisor helps ensure your file is complete before submission — reducing the risk of delays.
Security Bank actively welcomes OFW and seafarer applicants, making it a strong option for Filipinos working abroad who want to invest in Philippine real estate. Required documents typically include:
- Completed loan application form
- Valid passport (with recent entry/exit stamps or visas as applicable)
- OFW: OWWA Membership Certificate, valid Overseas Employment Certificate (OEC), and latest employment contract with proof of remittances
- Seafarers: POEA-approved contract, Seaman's Book, and latest three to six months' bank statements or remittance records
- Latest two to three months' payslips (if available) or allotment slips
- Special Power of Attorney (SPA) if the application will be processed by a representative in the Philippines
Because OFWs may be abroad during the application process, Nook's fully digital platform is particularly useful — allowing documents to be submitted and tracked online without needing to be physically present in the Philippines.
Security Bank's housing loan program covers a wide range of property and transaction types, giving borrowers flexibility depending on their situation. 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 that is still under construction or development
- Reselling: Purchase of a previously owned property from a private seller
- Refinancing: Transfer of an existing home loan from another bank to Security Bank to obtain a lower interest rate or better terms
- Home Equity / Multi-Purpose Loan: Borrowing against the equity of a property you already own
- New Construction: Financing the construction of a new residential property on a lot you already own
- Renovation: Funding repairs, improvements, or extensions to an existing home
- Foreclosed Properties: Purchase of bank-foreclosed real estate
If you are considering refinancing an existing mortgage, you may want to read our guide on Security Bank housing loan interest rates to understand whether switching could save you money.
Security Bank applies a maximum Debt-to-Income (DTI) ratio of 40%. This means your total monthly debt obligations — including your projected new housing loan payment plus any existing loans (car loans, personal loans, credit card minimums, etc.) — should not exceed 40% of your gross monthly income.
For example, if your gross monthly income is 100,000 pesos, your total monthly debt payments must not exceed 40,000 pesos. If you already pay 10,000 pesos per month on a car loan, your maximum allowable housing loan payment would be 30,000 pesos. Understanding your DTI ratio before you apply helps you set realistic expectations on the loan amount you can qualify for. A Nook mortgage advisor can help you calculate this quickly and identify whether adding a co-borrower improves your borrowing capacity.
Security Bank's typical loan approval timeline is approximately 23 days from the submission of a complete application with all required documents. This is faster than many Philippine banks, which can take 30 to 45 days or longer. The key factor that affects how quickly your loan is processed is document completeness — incomplete files are the most common cause of delays.
When you apply through Nook, your dedicated mortgage advisor will review your documents before submission to identify any gaps. This pre-screening step helps ensure your application reaches Security Bank in complete form, supporting a smoother and faster approval process. Note that approval timelines may vary depending on property type, loan purpose, and current application volumes.
Security Bank offers the following fixed interest rates for housing loans in 2026:
- 1-Year Fixed Rate: 6.99% p.a.
- 3-Year Fixed Rate: 7.25% p.a.
- 5-Year Fixed Rate: 7.75% p.a.
- Home Equity / Multi-Purpose Loan: 7.50% p.a.
After the fixed period ends, the rate is typically repriced based on market conditions at that time. Choosing a longer fixed period provides more payment stability, while a shorter fixed period gives you a lower initial rate and the flexibility to refinance or reprice sooner. For a deeper breakdown of Security Bank's rate options and how to compare them, see our detailed page on Security Bank home loan rates for 2026. Please note that interest rates are subject to change — always verify the latest rates directly with Security Bank or through a Nook advisor before making a decision.
Applying through Nook is straightforward and completely free for borrowers. Here is how the process works:
- Submit your details online: Fill out Nook's short application form at nook.com.ph. It takes about 5 minutes and covers your income, employment type, loan amount, and property details.
- Speak with a Nook advisor: A dedicated mortgage specialist will contact you to discuss your goals, confirm your eligibility, and explain your options across Nook's partner banks — including Security Bank.
- Prepare and submit your documents: Your Nook advisor will give you a personalised document checklist and guide you through the submission process. Documents can be submitted digitally.
- Application processing: Nook submits your completed file to Security Bank and monitors your application, providing status updates along the way.
- Approval and loan release: Once approved, Security Bank will issue a Letter of Guarantee or loan offer, and your advisor will walk you through the next steps to closing.
Nook's broker service is 100% free — Security Bank pays Nook a referral fee, so there is no cost to you as the borrower. You get expert guidance, faster processing, and access to multiple lenders without paying a single peso in fees.