Security Bank Housing Loan Requirements 2026: Documents & Eligibility

Security Bank accepts home loan applications from a wide range of borrower types. To qualify, you must meet the following general criteria:

• Age: At least 21 years old at the time of application, and no older than 65 years old upon loan maturity
• Citizenship: Filipino citizens, or foreign nationals married to Filipino citizens (subject to additional requirements)
• Employment type: Private sector employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, licensed professionals, and freelancers are all accepted
• Employment tenure: Typically at least 2 years of continuous employment or, for self-employed borrowers, at least 2 years of profitable business operation
• Credit standing: A good credit history with no major derogatory records at the Credit Information Corporation (CIC)

Security Bank's inclusive eligibility criteria make it one of the more accessible major banks for Filipino borrowers across different employment types.

Security Bank requires a minimum gross monthly income of 50,000 pesos for home loan applicants. This applies across most employment categories, including private employees, government workers, BPO employees, OFWs, self-employed individuals, professionals, and freelancers.

Your income is used to calculate your debt-to-income (DTI) ratio, which determines how much you can borrow. Security Bank's maximum DTI is 40%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income. For example, if your gross monthly income is 80,000 pesos, your maximum total monthly debt payments should be no more than 32,000 pesos.

For joint applications (e.g., spouses co-borrowing), combined income may be considered, which can help qualify for a larger loan amount.

If you are a private sector employee, government employee, or BPO worker, you will typically need to submit the following documents:

• Application form: Fully accomplished Security Bank Home Loan Application Form
• Valid government-issued IDs: Two valid IDs with photo and signature (e.g., passport, driver's license, SSS/GSIS ID, PRC ID, PhilHealth ID)
• Proof of income: Latest one month payslip and the most recent ITR (BIR Form 2316 or 1700) stamped received by the BIR
• Certificate of Employment (COE): Issued within the last 3 months, stating your position, employment status, tenure, and gross monthly compensation
• Latest 3 months bank statements: Personal bank account showing regular salary credits
• Collateral documents: Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), tax declaration, and vicinity map of the property

Government employees may also need to present their latest GSIS records. Having all documents complete before submission significantly speeds up processing.

Self-employed individuals, business owners, licensed professionals (doctors, lawyers, engineers, etc.), and freelancers must provide additional documentation to verify income stability:

• Application form: Fully accomplished Security Bank Home Loan Application Form
• Valid government-issued IDs: Two valid IDs with photo and signature
• DTI or SEC registration: Business registration documents, including Articles of Incorporation or DTI Certificate of Registration
• Audited Financial Statements (AFS): Latest 2 years of AFS stamped received by the BIR, signed by a licensed CPA
• Income Tax Returns (ITR): Latest 2 years of ITR (BIR Form 1701) stamped received by the BIR
• Latest 6 months bank statements: Business and/or personal accounts showing income inflows
• Professional Regulation Commission (PRC) ID: For licensed professionals
• Collateral documents: TCT or CCT, tax declaration, and lot plan with vicinity map

Freelancers may substitute some requirements with proof of client contracts, remittance records, or platform payment histories, subject to Security Bank's assessment.

Overseas Filipino Workers (OFWs) and seafarers are explicitly accepted by Security Bank. Required documents typically include:

• Application form: Fully accomplished Security Bank Home Loan Application Form (may be signed abroad with notarization)
• Valid IDs: Passport (must be valid for at least 6 months), plus one other government-issued ID
• Proof of employment abroad: Employment contract or Crew Contract (for seafarers) authenticated by POEA or the Philippine Consulate
• Proof of income: Latest payslips or allotment records for at least the last 3 months
• Remittance records: Latest 3–6 months of remittance receipts or bank credit confirmations
• Latest bank statements: 3–6 months of the OFW's or beneficiary's local bank account
• Special Power of Attorney (SPA): If a representative in the Philippines will process the application on behalf of the OFW, a notarized and consularized SPA is required
• Collateral documents: TCT or CCT, tax declaration, and vicinity map of the property

OFW borrowers should coordinate with a local representative or apply through Nook, which can assist in managing the end-to-end process remotely.

Security Bank currently offers the following home loan interest rates for 2026:

• 1-Year Fixed Rate: 6.99% per annum
• 5-Year Fixed Rate: 6.75% per annum
• Home Equity Loan: 7.50% per annum

These rates are among the most competitive available from a major Philippine bank. To put this in context, many Filipino homeowners are currently paying between 7% and 10% on their existing home loans — meaning refinancing to Security Bank's 5-year fixed rate of 6.75% could result in meaningful monthly savings. You can compare Security Bank's rates against Metrobank to see how they stack up against another major lender.

Note: Interest rates are subject to change without prior notice. Please verify current rates with Security Bank or through Nook before applying.

Security Bank's housing loan program covers a broad range of property-related purposes, making it a flexible choice for different borrower needs:

• Purchase of Ready-for-Occupancy (RFO) properties: House and lot, townhouse, or condominium units that are already completed
• Pre-selling properties: Units purchased directly from a developer before completion
• Reselling (secondary market): Pre-owned properties purchased from a private seller
• New construction: Building a new home on a lot you already own
• Renovation: Funding improvements or repairs on an existing property you own
• Refinancing: Transferring your existing home loan from another bank to Security Bank, typically to secure a lower interest rate
• Home Equity Loan: Borrowing against the equity of a property you already own, for any purpose
• Foreclosed properties: Purchase of bank-foreclosed or government-foreclosed real estate

This wide coverage means Security Bank can serve both first-time homebuyers and existing homeowners looking to refinance or unlock equity.

Security Bank's typical loan approval timeline is approximately 23 business days from the date of submission of a complete and compliant application. This timeline covers credit evaluation, income verification, and collateral appraisal.

Delays are most commonly caused by incomplete document submissions, discrepancies in income documentation, or issues with the collateral title. To avoid these, make sure:

• All documents are current (payslips, bank statements, and COEs should be dated within the last 3 months)
• Your ITR is stamped received by the BIR
• The property title is clean and free of encumbrances
• Your application form is completely and accurately filled out

Applying through Nook can help reduce back-and-forth with the bank. Our team reviews your documents before submission and flags any issues so your application is complete from day one, helping you get to approval faster.

Security Bank applies a maximum debt-to-income (DTI) ratio of 40%. This means that your total monthly loan obligations — including the proposed housing loan monthly amortization plus any existing credit card minimum payments, car loans, personal loans, or other recurring debts — must not exceed 40% of your gross monthly income.

Here is a simple example to illustrate how this works:

• Gross monthly income: 100,000 pesos
• Maximum total monthly debt payments allowed (40% DTI): 40,000 pesos
• Existing monthly obligations (e.g., car loan): 8,000 pesos
• Maximum allowable housing loan monthly payment: 32,000 pesos

If your DTI is close to or above 40%, consider paying down existing debts before applying, or explore a joint application with a co-borrower to increase your combined qualifying income. You can also use the Security Bank housing loan calculator to estimate your monthly amortization and check whether it fits within your DTI.

Nook is the Philippines' first digital mortgage broker and an accredited partner of Security Bank. When you apply for a Security Bank housing loan through Nook, you get the following benefits — completely free of charge:

• Expert document review: Nook checks your documents before submission to ensure your application is complete, reducing the risk of delays or rejection
• Single point of contact: Instead of dealing directly with the bank's processing teams, you have a dedicated Nook advisor who manages the entire process on your behalf
• Multi-bank comparison: If you're refinancing, Nook can present your case to multiple partner banks simultaneously, so you can choose the best rate and terms available
• OFW-friendly process: Nook's digital-first approach means OFWs and borrowers based outside Metro Manila can complete much of the process online
• No broker fees: Nook's service is 100% free to borrowers — the bank covers the broker's fee

Whether you're buying your first home, refinancing from a higher-rate loan, or accessing your home's equity, Nook simplifies the entire Security Bank application experience from start to finish.