Security Bank vs BDO

Security Bank vs BDO Home Loan: At a Glance

Both Security Bank and BDO are Nook partner banks, meaning you can apply to either — or both — through Nook at zero cost to you. The table below gives you a fast snapshot of how they compare across the metrics that matter most to Filipino homebuyers and refinancers in 2026.

*Interest rates are subject to change. Always verify current rates with the bank or through Nook before making a decision.

Interest Rate Comparison: Which Bank Is Cheaper?

For most borrowers, the interest rate is the single biggest factor in a home loan decision. Let's put both banks' rates to work on a real example so you can see exactly what the numbers mean for your monthly budget.

Sample Loan: 3,500,000 over 20 years

Using a standard amortization formula at a fixed rate for the first year:

• Security Bank at 6.99% p.a.: Estimated monthly repayment ≈ 27,115
• BDO at 6.00% p.a.: Estimated monthly repayment ≈ 25,093

That's a difference of roughly 2,022 per month — or 24,264 per year — during the fixed-rate period. Over a 5-year fixed term, BDO's lower rate could mean savings of over 121,000 compared to Security Bank's 1-year fixed rate.

It's worth noting that Security Bank does offer a 5-year fixed rate of 6.75% p.a., which is competitive if you want longer rate certainty. BDO does not publicly advertise a 5-year fixed equivalent, so if locking in a rate for five years is a priority, Security Bank's 5-year product is worth serious consideration.

For homeowners looking to refinance, you can compare both banks' refinance products in detail on our BDO vs Security Bank refinance rates 2026 comparison.

Home Equity Loans: A Big Difference

If you're planning to borrow against the equity in your existing property — for example, to fund a renovation, consolidate debt, or cover a major expense — the rate gap between the two banks widens significantly.

• Security Bank Home Equity Rate: 7.50% p.a.
• BDO Home Equity Rate: 6.00% p.a.

That's a 1.50 percentage point difference. On a 2,000,000 home equity loan over 15 years, BDO's lower rate translates to savings of approximately 18,000–22,000 per year in interest costs. If a home equity loan is your primary goal, BDO is clearly the stronger option at current published rates.

Approval Speed: Security Bank Wins on Timeline

Speed matters — especially when you've found a property you love or your current fixed-rate period is about to reset.

• Security Bank: Typical approval in 23 days
• BDO: Typical approval in 30 days

Security Bank's 7-day advantage could be the deciding factor if you're working against a developer's reservation deadline or a seller's preferred closing date. Both banks process applications efficiently when documents are complete — applying through Nook helps ensure your file is submission-ready from day one, which can further reduce processing delays at both banks.

Eligibility & Who Can Apply

Both banks share the same minimum monthly income requirement of 50,000 and cap debt-to-income ratios at 40%, meaning their baseline eligibility criteria are comparable. However, there is one notable difference:

Security Bank explicitly accepts Freelancers as an eligible employment type, which BDO does not list in its current product guidelines. If you earn income from freelance work — whether locally or internationally — Security Bank may be the more accessible option for you.

Both banks welcome:

• Private-sector employees
• Government employees
• BPO workers
• OFWs and Seafarers
• Self-employed individuals
• Professionals (doctors, lawyers, CPAs, etc.)

Loan Purpose Coverage: Both Are Comprehensive

Whether you're buying a ready-for-occupancy unit, purchasing a pre-selling condo, refinancing an existing loan, or taking out a loan for a foreclosed property, both Security Bank and BDO cover the full range of residential loan purposes. Neither bank has a meaningful edge here — both are versatile lenders for homebuyers and existing homeowners alike.

For homeowners specifically exploring a bank switch or takeout, see our dedicated BDO vs Security Bank home loan takeout rates comparison for a more detailed breakdown of refinancing scenarios.

Applying Through Nook: Why It Makes Sense for Both Banks

Nook is a licensed digital mortgage broker — the first of its kind in the Philippines — and both Security Bank and BDO are Nook partner banks. Here's what that means for you:

• It's 100% free. Nook earns a fee from the bank, not from you. You pay nothing for the broker service.
• You can apply to both banks simultaneously and choose the best offer you receive.
• Nook handles document coordination and follows up with the bank on your behalf, reducing the back-and-forth that often slows down individual applications.
• You get an independent comparison — Nook isn't incentivized to push one bank over another, so you get advice based on your financial profile, not on commission targets.

Whether BDO's lower rate or Security Bank's faster approval fits your needs better, Nook gives you the tools to make an informed decision without any cost or obligation.