Security Bank is one of the Philippines' leading home loan providers, offering competitive fixed rates starting at 6.75% p.a. for a 5-year fixed term — well below what many Filipino homeowners are currently paying. Whether you're buying a ready-for-occupancy property, pre-selling unit, or looking to refinance your existing mortgage, understanding the exact requirements before you apply can save you weeks of back-and-forth with the bank.
This guide covers everything you need to know about Security Bank housing loan requirements in 2026: who qualifies, what documents to prepare, how long approval takes, and how applying through Nook — the Philippines' first digital mortgage broker — gives you a faster, fully guided experience at zero cost to you. Note that interest rates and requirements are subject to change; always verify current figures before submitting your application.
To qualify for a Security Bank housing loan in 2026, you generally need to meet the following criteria:
- Age: At least 21 years old at the time of application, and no older than 65 years old at loan maturity.
- Citizenship: Filipino citizens, or foreign nationals married to Filipino citizens (subject to additional conditions).
- Employment or income status: Security Bank accepts borrowers from a wide range of employment backgrounds, including private-sector employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, licensed professionals, and freelancers.
- Credit standing: A clean credit history with no major defaults or adverse credit records improves your chances significantly.
Security Bank's inclusive eligibility criteria make it one of the more accessible major banks for home loan applicants across different income profiles and employment types.
Security Bank requires a minimum monthly income of 50,000 pesos for housing loan applicants. This applies across employment types — whether you are a salaried employee, self-employed, an OFW, or a freelancer.
Your income is used to calculate your debt-to-income (DTI) ratio, which Security Bank caps at 40%. This means your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income. For example, if you earn 80,000 pesos per month, your combined monthly debt payments should not exceed 32,000 pesos.
If you are self-employed or a freelancer, you will typically need to provide financial statements and tax returns to document your income rather than payslips.
The required documents vary slightly depending on your employment type, but the core checklist for most applicants includes:
Personal / Identity Documents
- Duly accomplished Security Bank housing loan application form
- Two valid government-issued IDs (e.g., passport, driver's license, SSS ID, UMID)
- Marriage certificate (if applicable)
- Birth certificates of dependents (if applicable)
Income Documents — Salaried / Private / Government / BPO Employees
- Certificate of employment with compensation (issued within the last 3 months)
- Latest 3 months' payslips
- Latest ITR (BIR Form 2316 or 1700) stamped received
Income Documents — Self-Employed / Business Owners
- Latest 2 years' audited financial statements
- Latest 2 years' ITR (BIR Form 1701) stamped received
- Business registration documents (DTI or SEC certificate, business permit)
- Bank statements for the last 6 months
Income Documents — OFWs / Seafarers
- Contract of employment or POEA-validated contract
- Latest 3 months' remittance records or bank statements
- Crew Agreement (for seafarers)
Property Documents
- Certified true copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
- Latest real property tax declaration and tax receipt
- Contract to Sell or Deed of Absolute Sale (as applicable)
- Floor plan and vicinity map
Applying through Nook means you get a personalised document checklist and a dedicated mortgage advisor who reviews your documents before they are submitted — reducing the risk of delays due to incomplete requirements.
Security Bank offers the following housing loan interest rates for 2026:
- 1-Year Fixed Rate: 6.99% p.a.
- 5-Year Fixed Rate: 6.75% p.a.
- Home Equity Loan Rate: 7.50% p.a.
The 5-year fixed rate of 6.75% p.a. is particularly attractive for borrowers who want medium-term rate certainty. After the fixed period ends, the rate reprices based on prevailing market rates at that time.
To put this in context: a borrower with a 3,000,000 peso loan on a 20-year term at 6.75% p.a. would pay approximately 22,800 pesos per month. The same loan at 9% p.a. — a common rate many Filipinos are currently paying — would cost around 26,990 pesos per month, a difference of over 4,190 pesos every month.
Please note that interest rates are subject to change. Always verify the latest rates directly with Security Bank or through Nook before applying. You can also explore the Security Bank housing loan interest rates and requirements guide for a deeper breakdown.
Security Bank housing loans cover a broad range of property and loan purposes, making it a flexible option for many types of buyers and homeowners:
- 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.
- Refinancing: Transfer of an existing home loan from another bank to Security Bank, often to take advantage of lower rates or better terms.
- Home Equity: Use the equity in your existing property to access funds for any purpose.
- Renovation: Finance improvements or repairs to an existing property.
- New Construction: Build a new home on a lot you already own.
- Reselling: Purchase of a previously owned property being sold by an individual or estate.
- Foreclosed Properties: Acquisition of bank-foreclosed or government-foreclosed assets.
This wide range of accepted loan purposes means Security Bank can serve first-time buyers, upgraders, investors, and existing homeowners looking to unlock equity or reduce their monthly payments.
Security Bank's typical approval timeline is approximately 23 business days from the date of submission of a complete set of documents. This covers the credit evaluation, property appraisal, and loan offer issuance stages.
Delays most commonly occur when documents are incomplete, income cannot be clearly verified, or the property requires additional appraisal work. Applying through Nook helps minimise these delays — your Nook mortgage advisor will review your complete application package before it is submitted to the bank, catching potential issues early.
Once your loan is approved and you accept the offer, the bank will proceed with the signing of loan documents and the release of funds, which may take additional time depending on the property type and transaction structure.
Security Bank applies a maximum debt-to-income (DTI) ratio of 40%. This means your total monthly debt obligations — including the proposed housing loan monthly amortisation, plus any other existing loans or credit card minimum payments — must not exceed 40% of your gross monthly income.
Here are some quick examples:
- Monthly income of 50,000 pesos: Maximum total monthly obligations = 20,000 pesos
- Monthly income of 80,000 pesos: Maximum total monthly obligations = 32,000 pesos
- Monthly income of 150,000 pesos: Maximum total monthly obligations = 60,000 pesos
If you have existing car loans, personal loans, or credit card debt, these will reduce the maximum housing loan amortisation the bank will approve. Paying down or closing existing debts before applying can meaningfully increase your borrowable amount.
Yes — Security Bank accepts housing loan applications from a wide range of non-traditional employment types, including:
- OFWs and seafarers: Must provide a valid employment contract or POEA-validated contract, recent remittance records or bank statements, and in the case of seafarers, a Crew Agreement. A co-borrower based in the Philippines is often required or strongly recommended.
- Self-employed individuals and business owners: Must submit audited financial statements, ITRs for the past two years, and business registration documents.
- Licensed professionals (doctors, lawyers, engineers, etc.): May use professional income as qualifying income, supported by professional tax receipts and ITR.
- Freelancers: Must document income through bank statements, contracts with clients, and ITR. Security Bank is one of the few major banks that formally lists freelancers as an accepted employment type.
Regardless of employment type, the minimum monthly income requirement of 50,000 pesos and the 40% DTI cap apply. Nook's mortgage advisors are experienced in helping non-traditional income earners prepare the right documentation to present the strongest possible application.
Yes, refinancing is one of the accepted loan purposes for Security Bank housing loans. If you currently have a home loan with another bank and your fixed-rate period has repriced — or is about to — you may be able to switch to Security Bank and lock in a lower rate.
Security Bank's 5-year fixed rate of 6.75% p.a. is significantly lower than the 7% to 10% range that many Filipino homeowners are currently paying. Refinancing a 4,000,000 peso loan from 9% to 6.75% on a remaining 20-year term, for example, could reduce your monthly payment by approximately 5,800 pesos — saving you nearly 70,000 pesos per year.
To refinance, you will generally need to provide your existing loan statement of account, the TCT or CCT of the property (currently mortgaged to your existing bank), and your income documents. The process typically involves the cancellation of the existing mortgage annotation and the creation of a new mortgage in favour of Security Bank.
For a detailed walkthrough of the refinancing process and what to expect, visit the Security Bank housing loan refinance guide on Nook.
Nook is the Philippines' first digital mortgage broker, and applying through Nook gives you several advantages over going directly to the bank:
- Free service: Nook's mortgage brokerage service is 100% free to you as the borrower. Nook is compensated by the bank, not the applicant.
- Expert guidance: A dedicated mortgage advisor will guide you through every step — from assessing your eligibility and preparing documents to liaising with the bank on your behalf.
- Faster processing: Nook reviews your application before submission, reducing the risk of delays from incomplete documents.
- Multiple bank access: While this page focuses on Security Bank, Nook works with multiple partner banks, so your advisor can help you compare options and choose the best fit for your situation.
To get started, simply fill out Nook's online application form at nook.com.ph. You'll be matched with a mortgage advisor who will contact you to discuss your needs, confirm your eligibility, and walk you through the document requirements — all at no cost to you.