Comparing Security Bank vs Chinabank for home loan refinancing? See how their rates and terms stack up — and discover how Nook can help you get the best deal for free.
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Why this matters
If you're weighing Security Bank against Chinabank for your home loan refinancing, you're asking the right question — but the answer isn't just about headline rates. Security Bank, a verified Nook partner bank, offers transparent fixed rates starting at 6.75% p.a. for a 5-year fixed term, with a clear approval timeline of around 23 days and a minimum monthly income requirement of just ₱50,000. Their loan programs cover a wide range of purposes including refinancing, home equity, renovation, and pre-selling — making them a flexible choice for most Filipino homeowners. You can explore a detailed side-by-side breakdown of Security Bank vs Chinabank refinancing terms to see how the numbers compare across different scenarios.
Chinabank also offers home loan products competitive in the Philippine market, with rates typically ranging between 7% and 9% depending on the fixing period and the borrower's profile. However, as Chinabank is not a Nook partner bank, the rates shown here are approximate and based on publicly available information — they are subject to change and should be verified directly with the bank. What this means in practice is that when you apply through Nook for a Security Bank refinance, you get verified, up-to-date rates, a dedicated broker who manages your application end-to-end, and zero broker fees. Applying to Chinabank on your own means navigating the process without that support layer. For a more comprehensive look at how the two banks compare across rate tiers and fixing periods, see our 2026 Chinabank vs Security Bank home loan rates comparison.
For a homeowner with a ₱3,000,000 outstanding balance and around 20 years remaining, moving from a typical rate of 8.50% to Security Bank's 5-year fixed rate of 6.75% could mean saving over ₱3,000 every month — that's more than ₱550,000 over the life of the loan. Nook's service is completely free to borrowers: we work with multiple partner banks including Security Bank to find you the most competitive refinancing option, handle your paperwork, and advocate on your behalf. Please note that all interest rates are subject to change — Nook will always confirm current rates before you proceed.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Security Bank, a Nook partner bank, currently offers verified fixed rates of 6.99% p.a. for a 1-year fix and 6.75% p.a. for a 5-year fix on home loan refinancing. Chinabank's rates are generally estimated between 7% and 9% depending on the fixing period and borrower profile, but these figures are approximate and based on publicly available information — always verify directly with the bank for the latest rates.
For most borrowers, Security Bank offers a strong combination of competitive verified rates, a 23-day typical approval timeline, and broad eligibility that includes private employees, OFWs, self-employed professionals, and freelancers. Chinabank may suit certain borrower profiles, but without a broker relationship, you'll need to navigate the application process independently and rates may vary. Nook can help you compare your actual options across partner banks at no cost.
Savings depend on your current rate, outstanding balance, and remaining loan term — but homeowners switching from rates of 8% to 9% to Security Bank's 6.75% fixed rate commonly save between ₱2,000 and ₱5,000 per month on a ₱3,000,000 loan. Over a 15-year remaining term, that can add up to hundreds of thousands of pesos. Use Nook's free calculator or speak with a Nook advisor to get a personalised estimate.
Security Bank requires a minimum monthly income of ₱50,000 and a maximum debt-to-income ratio of 40%. Eligible employment types include private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, professionals, and freelancers. Nook's advisors can help you assess your eligibility and prepare your application before submission.
No — Nook's service is 100% free to borrowers. Nook earns a referral fee from partner banks upon successful loan approval, so there is no cost to you for the comparison, advice, or application support. You get the same bank rates you'd find applying directly, but with a dedicated broker managing the process on your behalf.
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