Security Bank vs PNB Home Loan Rates: Side-by-Side Comparison
If you're weighing Security Bank against PNB for your home loan refinancing in 2026, the table below gives you a clear picture. Security Bank rates are verified Nook partner rates. PNB rates are approximate figures based on publicly available information and are subject to change — always confirm directly with PNB before making any decision.
| Feature | Security Bank Nook Partner | PNB |
|---|---|---|
| 1-Year Fixed Rate | 6.99% p.a. | ~7.50–8.50% p.a. (estimated) |
| 5-Year Fixed Rate | 6.75% p.a. | ~7.75–9.00% p.a. (estimated) |
| Home Equity Rate | 7.50% p.a. | Varies; contact PNB directly |
| Minimum Monthly Income | P50,000 | ~P40,000–P50,000 (estimated) |
| Typical Approval Time | ~23 days | 4–8 weeks (estimated) |
| Maximum DTI | 40% | Not publicly disclosed |
| Eligible Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer | Employed, Self-Employed, OFW (varies) |
| Loan Purposes Covered | Refinancing, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling, Foreclosed | Purchase, Construction, Refinancing (select) |
| Broker Service via Nook | ✅ Free — no broker fees | ❌ Not available through Nook |
| Rate Certainty | Verified, current | Approximate; confirm with bank |
⚠️ PNB rates shown are estimates based on publicly available data as of 2025–2026 and are subject to change. Borrowers should verify current rates and terms directly with PNB. Security Bank rates are verified Nook partner rates and are also subject to change.
How Much Could You Save by Refinancing to Security Bank?
Let's look at a concrete example. Suppose you currently have a home loan of P3,000,000 with a remaining term of 20 years, and you're paying an interest rate of 8.50% p.a. — a rate that many Filipino homeowners are still locked into. Here's how your monthly payment and total interest compare if you refinance to Security Bank's 5-year fixed rate of 6.75% p.a.:
Even a 1.75 percentage point reduction in your interest rate can translate to over P790,000 in savings on a P3,000,000 loan. On a larger loan — say P5,000,000 — the savings scale up proportionally, potentially exceeding P1,300,000 over 20 years. If you're currently with PNB or any other bank at a higher rate, this comparison should make the case for refinancing very clear.
Want to see your own numbers? Use Nook's free refinance calculator to estimate your potential monthly savings in under 2 minutes.
Security Bank Home Loan: What You Need to Know
Security Bank is one of the Philippines' leading commercial banks and a verified Nook partner — meaning you can access their home loan products through Nook's platform at no extra cost to you. Here are the key highlights:
- 5-Year Fixed Rate: 6.75% p.a. — one of the lowest fixed refinance rates currently available in the Philippine market
- 1-Year Fixed Rate: 6.99% p.a. — ideal for borrowers who want short-term certainty with the option to reprice
- Home Equity Rate: 7.50% p.a. — for borrowers looking to unlock equity from their existing property
- Minimum monthly income of P50,000 — accessible to a wide range of employed and self-employed Filipinos
- Typical approval in 23 days — one of the faster timelines in the market
- Maximum DTI of 40% — gives borrowers with moderate debt loads a realistic path to approval
- Broad eligibility: covers Private employees, Government workers, BPO employees, OFWs, Seafarers, Self-Employed individuals, Professionals, and Freelancers
- Wide range of loan purposes: Refinancing, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling, and Foreclosed properties
Applying through Nook means a licensed broker manages your application end-to-end — document checklist, bank submission, follow-ups, and approval coordination — all at zero cost to you.
If you're also exploring other comparisons, see how EastWest Bank stacks up against Security Bank for a broader picture of where Security Bank sits in the competitive landscape.
PNB Home Loan: What You Need to Know
Philippine National Bank (PNB) is one of the country's oldest and most established banks, with a strong presence in government-linked lending and OFW banking. For home loans, PNB offers purchase, construction, and refinancing products — though their refinance-specific offerings are less prominently marketed compared to other banks.
- Estimated rates: ~7.50–9.00% p.a. depending on fixing period and borrower profile — these are approximate figures based on publicly available information and may not reflect current promotions
- Strong OFW banking infrastructure — potentially beneficial for OFW borrowers with existing PNB accounts
- Government-affiliated, which may provide some reassurance for risk-averse borrowers
- Branch network across the Philippines, including provincial and regional areas
- Refinancing products are available but terms and eligibility should be confirmed directly with PNB
Important: PNB is not currently a Nook partner bank. This means if you apply with PNB, you'll need to navigate the application process independently, without the benefit of a free broker to guide you, compare your options, or negotiate on your behalf. Rates quoted by PNB may also differ from what is publicly listed depending on your profile and property type.
⚠️ All PNB rate information on this page is approximate and based on publicly available data. Please verify current rates and terms directly with PNB before making any financial decision.
Who Should Choose Security Bank via Nook?
Security Bank refinancing through Nook is the stronger choice for most borrowers if:
- You're currently paying 7.5% or higher on your home loan and want to reduce your monthly payments immediately
- You earn at least P50,000 per month (as an employee, OFW, self-employed professional, or freelancer)
- You want a fast, guided process without dealing with bank paperwork alone
- You're refinancing a property valued at P1,500,000 or above
- You want rate certainty — Security Bank's rates through Nook are verified and transparent
Who Might Still Consider PNB?
- Existing PNB account holders with strong banking relationships who may qualify for preferential rates
- OFW borrowers who already use PNB's OFW remittance and banking services and want consolidation
- Borrowers in areas with limited bank branch access who rely on PNB's regional network
That said, even if you're leaning toward PNB, it's worth getting a free quote through Nook first — you may find that Security Bank's verified rates are significantly more competitive than what PNB can offer, and you'll have a professional broker in your corner at no cost.
The Nook Advantage: Why Apply Through a Broker?
Most Filipino homeowners don't realize they can access bank home loan products through a licensed mortgage broker — for free. Nook is the Philippines' first digital mortgage broker, and here's what that means for you:
- Access to verified rates from multiple Nook partner banks, not just one
- Free end-to-end assistance — from document preparation to bank submission and approval follow-up
- No broker fees — Nook is compensated by the bank, not by you
- Unbiased guidance — Nook will recommend the bank that fits your profile, not the one with the biggest commission
- Faster processing — Nook's direct bank relationships mean your application is prioritized
Whether you're refinancing a P2,000,000 condo in Metro Manila or a P7,000,000 house in the provinces, Nook can help you find the best available refinance rate — starting at 5.99% p.a. — and guide you through every step of the process.
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Compare My Options →Frequently Asked Questions
Is Security Bank or PNB better for home loan refinancing in 2026?
For most borrowers, Security Bank is the stronger choice for refinancing in 2026. Security Bank offers a verified 5-year fixed rate of 6.75% p.a. through Nook, compared to PNB's estimated rates of approximately 7.75–9.00% p.a. (based on publicly available information). The lower rate, faster 23-day approval timeline, and free broker service through Nook make Security Bank the more compelling option. That said, borrowers with strong existing relationships at PNB — particularly OFWs — should verify current PNB rates directly before deciding.
What are Security Bank's current home loan refinance rates?
Security Bank's verified refinance rates through Nook are: 1-Year Fixed at 6.99% p.a., 5-Year Fixed at 6.75% p.a., and Home Equity at 7.50% p.a. These rates are subject to change — apply through Nook to confirm the most current rates available to your profile.
What are PNB's home loan rates in 2026?
PNB's home loan rates are estimated to range from approximately 7.50% to 9.00% p.a. depending on the fixing period, loan amount, and borrower profile. These are approximate figures based on publicly available information and are subject to change. We strongly recommend contacting PNB directly or visiting a branch to get your personalized rate quote.
How much can I save by refinancing from PNB to Security Bank?
The savings depend on your current rate, loan balance, and remaining term. As an example, if you have a P3,000,000 loan at 8.50% p.a. with 20 years remaining and refinance to Security Bank's 5-year fixed rate of 6.75% p.a., you could save approximately P3,309 per month and over P794,160 in total interest over 20 years. Use Nook's free refinance calculator for a personalized estimate based on your actual loan details.
Is Nook's mortgage broker service really free?
Yes, Nook's service is 100% free to borrowers. Nook is compensated by the partner bank upon successful loan disbursement — you pay nothing extra. There are no hidden fees, no broker charges, and no obligation to proceed after getting your free quote.
Can OFWs refinance through Security Bank via Nook?
Yes. Security Bank accepts OFW and Seafarer borrowers for home loan refinancing, and Nook can assist with the full application process remotely. The minimum monthly income requirement is P50,000. OFWs who have historically banked with PNB may find Security Bank's current refinance rates more competitive — it's worth getting a free comparison through Nook.
How long does Security Bank take to approve a refinance application?
Security Bank's typical approval timeline is approximately 23 days when applying through Nook. This is faster than many banks in the Philippine market. Nook's broker team manages document preparation, submission, and follow-ups on your behalf, which helps keep the process on track.
What documents do I need to refinance with Security Bank?
Standard documents for a Security Bank refinance application typically include: valid government-issued IDs, proof of income (payslips, ITR, or business documents for self-employed), a copy of your existing loan statement, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), a tax declaration, and proof of property insurance. Nook provides a complete, personalized document checklist when you start your application — free of charge.
What is the minimum loan amount for Security Bank refinancing?
Security Bank's minimum home loan amount is generally P1,000,000, though this may vary by product and borrower profile. For refinancing, Nook typically works with loan amounts from P1,500,000 upward. Contact Nook for guidance specific to your loan size.
Should I refinance now or wait for rates to go lower?
If you're currently paying 7.5% or more, refinancing now to Security Bank's 6.75% p.a. 5-year fixed rate can deliver meaningful savings starting from your first repayment. Trying to time the market is risky — rates could move in either direction. Locking in a competitive rate today gives you certainty and immediate cash flow relief. A Nook advisor can help you model the break-even point of refinancing based on your actual loan details.