Interest Rates Comparison
Security Bank (Nook Partner)
- 1-Year Fixed: 6.99%
- 5-Year Fixed: 6.75%
- Home Equity: 7.50%
✓ Verified partner rates through Nook
PNB
- Standard Rate: 8.0-9.5% (approx.)
- Promotional: 7.5-8.5% (approx.)
- Variable Rate: 8.5-10.0% (approx.)
*Approximate rates based on publicly available information
Savings Calculator Example
For a 5,000,000 loan over 20 years:
Security Bank @ 6.75%
Monthly Payment: 38,114
Total Interest: 4,147,360
PNB @ 8.5%
Monthly Payment: 43,391
Total Interest: 5,413,840
Your Savings with Security Bank
Monthly: 5,277 less
Total: 1,266,480 saved
Requirements & Processing
Security Bank
- Min Monthly Income: 50,000
- Max DTI: 40%
- Processing Time: 23 days (typical)
- Employment: Private, Government, BPO, OFW, Self-Employed, Professional, Freelancer
- Loan Purposes: All major purposes including refinancing
PNB
- Min Monthly Income: 40,000-60,000 (varies by branch)
- Max DTI: 35-40%
- Processing Time: 30-45 days
- Employment: Standard employment types
- Loan Purposes: Standard home loan purposes
Why Choose Security Bank Through Nook?
- Verified Low Rates: Access to Security Bank's competitive 6.75% 5-year fixed rate
- Free Broker Service: Nook handles your entire application at no cost
- Faster Processing: Streamlined 23-day approval process
- Expert Support: Dedicated loan specialists guide you through refinancing
- Flexible Requirements: Accommodates various employment types including freelancers and OFWs
For more comprehensive comparisons, see our Security Bank vs Metrobank analysis or explore how PNB compares to other major banks.
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Compare My Options →Frequently Asked Questions
Which bank offers better home loan rates: Security Bank or PNB?
Security Bank offers significantly better rates through Nook, with 5-year fixed rates at 6.75% compared to PNB's standard rates of 8.0-9.5%. This translates to substantial monthly and lifetime savings for borrowers.
How much can I save by choosing Security Bank over PNB for refinancing?
On a 5,000,000 loan over 20 years, you could save approximately 5,277 monthly and over 1,200,000 in total interest by choosing Security Bank's 6.75% rate over PNB's typical 8.5% rate.
What are the minimum income requirements for Security Bank vs PNB?
Security Bank requires a minimum monthly income of 50,000, while PNB typically requires 40,000-60,000 depending on the branch and loan amount. Both banks have similar DTI requirements of 35-40%.
How long does processing take for Security Bank vs PNB home loans?
Security Bank through Nook typically processes applications in 23 days, while PNB generally takes 30-45 days. Security Bank's partnership with Nook enables faster, more streamlined processing.
Can I apply for Security Bank home loan refinancing through Nook for free?
Yes, Nook's broker service is completely free for borrowers. You can access Security Bank's competitive rates and benefit from expert guidance throughout the refinancing process without paying any broker fees.
Do both banks accept freelancers and OFWs for home loan applications?
Security Bank through Nook explicitly accepts freelancers, OFWs, and various employment types. PNB also considers these applicants but may have stricter documentation requirements and longer processing times.