Compare Security Bank vs RCBC home loan refinance rates side by side — and find out how much you could save by switching through Nook, completely free.
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Why this matters
If you're weighing up Security Bank vs RCBC for your home loan refinance, you're already thinking smarter than most Filipino homeowners. Both are established Nook partner banks with competitive offerings — but they differ in key areas like fixed-rate periods, debt-to-income requirements, and approval timelines. Security Bank currently offers a 1-year fixed rate of 6.99% p.a. and a compelling 5-year fixed rate of 6.75% p.a., making it one of the most competitive options for borrowers who want rate certainty over a longer period. RCBC, on the other hand, comes in at 7.00% p.a. for a 1-year fixed — nearly identical on short-term, but without the 5-year fixed option. For a deeper breakdown of how these two stack up on new purchases as well, see our Security Bank vs RCBC housing loan comparison.
Beyond the headline rate, the details matter. Security Bank accepts a broader range of employment types — including BPO workers, OFWs, freelancers, and self-employed professionals — and has a higher maximum debt-to-income ratio of 40%, giving more borrowers a path to approval. RCBC's maximum DTI is 30%, which can be more restrictive, but it still serves private employees, OFWs, and self-employed professionals well. Security Bank's typical approval timeline is 23 days, significantly faster than RCBC's 49 days — an important consideration if you're trying to lock in a rate quickly. Both banks require a minimum monthly income of 50,000, keeping them accessible to a wide range of middle-income Filipino households.
The good news is you don't have to choose blindly. When you apply through Nook, our team submits your profile to multiple partner banks — including both Security Bank and RCBC — and surfaces the best offer for your specific situation. There's no fee, no obligation, and no guesswork. Whether you're refinancing a condominium, a house and lot, or looking to tap your home equity, Nook does the comparison work so you don't have to. Note that all interest rates are subject to change; always verify current rates with the bank or through Nook before making a decision. You can also explore our full Security Bank vs RCBC home loan rates guide for a more detailed breakdown of terms and eligibility.
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
For a 1-year fixed period, both banks are nearly identical: Security Bank at 6.99% p.a. and RCBC at 7.00% p.a. However, Security Bank pulls ahead with a 5-year fixed rate of 6.75% p.a., which RCBC does not currently offer — making Security Bank the stronger choice for borrowers who want longer-term rate stability.
Security Bank has a typical approval timeline of around 23 days, while RCBC averages approximately 49 days. If you need to move quickly — for example, if your current fixed-rate period is expiring soon — Security Bank's faster processing may be a decisive advantage.
Security Bank accepts a wide range of employment types including self-employed individuals, professionals, freelancers, BPO workers, OFWs, and government employees. RCBC also serves self-employed professionals and OFWs, but does not explicitly list freelancers or BPO workers among its accepted employment categories. If you fall into one of those groups, Security Bank may be the more accessible option.
Both Security Bank and RCBC require a minimum monthly income of 50,000. The key difference is the maximum debt-to-income ratio: Security Bank allows up to 40% DTI, while RCBC caps it at 30%. This means Security Bank can accommodate borrowers with slightly higher existing debt obligations.
Yes — Nook's mortgage brokering service is completely free for the borrower. Nook submits your application to multiple partner banks, including both Security Bank and RCBC, and helps you secure the best available offer at no cost to you. The bank pays Nook a referral fee, so you get expert guidance without paying a cent.
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