Security Bank vs BDO

Security Bank vs BDO Home Loan Rates: At a Glance

Below is a direct side-by-side comparison of Security Bank and BDO home loan rates and key features as of 2026. Note that interest rates are subject to change — always verify current rates with Nook or directly with the bank before submitting your application.

Monthly Payment Comparison: Who Saves You More?

Let's put the rates to work with a realistic example. Assume a 3,000,000 peso home loan over a 20-year term. Here's how the monthly amortization breaks down under each bank's 1-year fixed rate:

Over the first repricing period alone, BDO's lower 1-year fixed rate saves approximately 21,180 pesos annually on a 3,000,000 peso loan. However, if you value locking in a rate for five years, Security Bank's 6.75% 5-year fixed option would produce an approximate monthly payment of 23,001 pesos — only slightly above BDO's 1-year rate while giving you 5 years of certainty.

For larger loan amounts, the gap widens. On a 5,000,000 peso loan over 20 years:

These figures are illustrative. Actual payments depend on the bank's computation method, any fees included in the amortization, and your final approved rate.

Rate Structure Deep Dive: Fixed Period Options

One of the most important — and most overlooked — differences between Security Bank and BDO is how they structure their fixed-rate periods.

BDO: Short-Term Fixed, Competitive Entry Rate

BDO's published home loan rate is 6.00% p.a. for a 1-year fixed period, which is also the rate applied to Home Equity loans. This makes BDO particularly attractive for borrowers who:

• Want the absolute lowest rate available at the start
• Plan to refinance again within 1–2 years as rates evolve
• Are confident their income and financial situation will remain stable for repricing

The trade-off: after the 1-year fixed period expires, your rate will be repriced based on market conditions. If rates rise, your monthly payment increases. Borrowers who prefer predictability should factor this in.

Security Bank: Multi-Tier Fixed Options Including 5-Year Lock

Security Bank offers more flexibility in fixed-rate period selection. Their current published rates are:

• 1-Year Fixed: 6.99% p.a.
• 5-Year Fixed: 6.75% p.a. — notably, the 5-year rate is actually lower than the 1-year rate, which is unusual and represents strong value for borrowers seeking stability
• Home Equity: 7.50% p.a.

The 5-year fixed at 6.75% is a standout feature. For many borrowers, paying 0.75% more than BDO's 1-year rate is a reasonable premium for five years of payment certainty — especially for household budgeting, long-term financial planning, or OFW families managing remittances.

For a deeper look at how these two banks compare specifically for refinancing, see our BDO vs Security Bank home loan refinance rates 2026 comparison.

Eligibility Requirements: Who Can Apply?

Both Security Bank and BDO share identical minimum income requirements and debt-to-income ratios, which makes them accessible to a similar borrower profile. Here's a breakdown:

Income Requirements

Both banks require a minimum monthly income of 50,000 pesos. This applies to employed, self-employed, and OFW applicants, though documentation requirements vary by employment type.

Debt-to-Income Ratio (DTI)

Both banks cap DTI at 40%. This means your total monthly loan obligations — including the new home loan payment — must not exceed 40% of your gross monthly income. For example, if you earn 100,000 pesos per month, your total monthly debt payments should not exceed 40,000 pesos.

Employment Types Accepted

This is where Security Bank has a slight edge: it explicitly accepts Freelancers in addition to all the employment categories BDO covers (Private, Government, BPO, OFW/Seafarer, Self-Employed, and Professionals). If you work as a freelancer — a growing segment in the Philippines — Security Bank may be the more accessible option.

Loan Purposes

Both banks support the same wide range of loan purposes: refinancing, home equity, ready-for-occupancy (RFO), pre-selling, new construction, renovation, reselling, and foreclosed properties. Neither bank restricts you to a narrow use case.

Processing Speed: Security Bank is Faster on Paper

If time is a factor — for example, if you're refinancing ahead of a rate repricing deadline or need funds for a renovation — processing speed matters.

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

Security Bank's 23-day typical approval timeline is approximately one week faster than BDO's 30 days. In practice, both timelines can vary depending on document completeness, property appraisal scheduling, and your specific loan scenario. Applying through Nook can help accelerate the process since Nook pre-screens your documents before submission to the bank.

Home Equity Loans: BDO Has the Clear Advantage

If your primary goal is a home equity loan — borrowing against the value of your existing property — the rate gap between the two banks is significant:

• 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 peso home equity loan over 10 years, this translates to a meaningful difference in monthly payments:

For home equity purposes specifically, BDO's 6.00% rate represents substantial savings over the loan term.

Which Bank Should You Choose?

Here's a simple decision guide based on your priorities:

Not sure which fits your situation? Nook can assess both options for you simultaneously — at no cost. As the Philippines' first digital mortgage broker, Nook submits your application to both banks and helps you compare actual offers side by side before you commit. You can also review our BDO vs Security Bank home loan takeout rates comparison if you're considering moving your existing loan from another bank.

Important: All rates listed are subject to change. Verify the latest rates with Nook or directly with the banks before applying.