Security Bank vs EastWest Bank

Security Bank vs EastWest Bank: Rate Comparison (2026)

Interest rates are the single biggest factor in your total home loan cost. Here's how Security Bank and EastWest Bank stack up across all fixed-rate periods currently available through Nook.

Note: Interest rates are subject to change without prior notice. Always verify current rates with the bank or through Nook before making a decision.

What the Rate Difference Actually Means for Your Monthly Payment

A 1.00% difference in interest rate might sound small, but over a 20-year loan term it adds up quickly. Here's what the numbers look like on a P4,000,000 home loan (20-year term) under the 1-year fixed rate:

That's nearly 29,000 pesos in savings in the first year alone on a P4,000,000 loan. Over a 20-year term, the cumulative impact is substantial — even before accounting for re-pricing periods. For a deeper dive into how these two banks compare specifically for salaried borrowers, see our guide on EastWest Bank vs Security Bank home loan rates for salaried employees.

Eligibility & Income Requirements

Both banks have clear eligibility criteria. Here's how they compare on the key qualifying factors:

EastWest Bank's lower minimum income requirement of P40,000/month makes it accessible to a broader range of borrowers, including those earlier in their careers or with moderate-income households. Security Bank accepts freelancers as a formally listed employment type, which may benefit gig economy workers. If you're self-employed and trying to decide between the two, our article on EastWest Bank vs Security Bank for self-employed borrowers goes into much more detail.

Loan Purposes Supported

Both banks cover a wide range of home loan purposes, making them versatile for buyers and refinancers alike.

Both banks are essentially neck-and-neck on loan purposes — covering everything from standard RFO purchases to foreclosed property acquisitions and home equity loans. This makes either bank a viable option regardless of your transaction type.

Approval Speed

Approval timelines matter — especially if you're racing a developer's reservation deadline or a seller's timeline.

EastWest Bank's typical approval time of 19 days is about 4 days faster than Security Bank's 23 days. In competitive property markets, that difference can be meaningful. Note that actual timelines depend on document completeness and individual circumstances — applying through Nook means a dedicated advisor helps you prepare a complete application from the start, which minimizes delays at both banks.

Applying Through Nook: What It Means for You

Nook is the Philippines' first digital mortgage broker, and both Security Bank and EastWest Bank are Nook partner banks. Here's what that means in practice:

• Free service: Nook's mortgage brokering is 100% free to borrowers. You don't pay anything extra to apply through Nook versus applying directly at a branch.
• Side-by-side comparison: Nook lets you compare actual offers from both banks (and others) based on your specific income, loan amount, and property type — so you're not guessing.
• Dedicated advisor: A Nook advisor guides you through document preparation and submission, reducing back-and-forth with the bank.
• Faster approvals: Because Nook pre-screens applications before submission, approval rates and timelines tend to be better than walk-in applications.

Whether you're leaning toward Security Bank or EastWest Bank, the safest move is to let Nook run the numbers for your specific situation before you commit.