Security Bank vs RCBC

Security Bank vs RCBC Housing Loan: Quick Comparison Table

Both Security Bank and RCBC are Nook partner banks, meaning you can apply to either — or both — through Nook at zero cost. The table below uses verified 2026 rates directly from each bank.

Interest rates are subject to change. Always verify the latest rates with your bank or through Nook before making a decision.

Interest Rate Comparison: Which Bank Is Cheaper?

On a short 1-year fixed period, the two banks are virtually tied — Security Bank at 6.99% p.a. versus RCBC at 7.00% p.a. The real difference emerges when you look beyond one year.

Security Bank offers a 5-year fixed rate of 6.75% p.a., which RCBC does not match. Locking in a lower rate for five years provides significant payment stability and long-term savings, especially in a rising interest rate environment.

To put this in peso terms: on a 3,000,000 loan over 20 years, the difference between a 6.75% and a 7.00% rate translates to roughly 4,500 to 5,500 pesos in monthly savings — and over 1,000,000 pesos in total interest saved over the life of the loan.

On the home equity side, Security Bank's 7.50% p.a. is also more competitive than RCBC's 8.00% p.a. — a 50 basis point difference that adds up quickly on large loan amounts.

If you're also evaluating other major lenders, see how these two stack up in our Metrobank vs BPI vs Security Bank home loan rates comparison for a broader market view.

Eligibility & Income Requirements

Both banks require a minimum monthly income of 50,000 pesos, so entry-level eligibility is the same. However, the differences in debt-to-income (DTI) limits and accepted employment types are significant.

Debt-to-Income Ratio (DTI)

Security Bank allows a maximum DTI of 40%, while RCBC caps it at 30%. In practice, this means Security Bank can approve a larger loan for the same income. For example, a borrower earning 80,000 per month could qualify for a monthly amortization of up to 32,000 with Security Bank, versus only 24,000 with RCBC — a meaningful difference in purchasing power.

Accepted Employment Types

Security Bank's broader employment acceptance makes it the more accessible option for BPO workers, government employees, and freelancers — three of the largest segments of the Philippine workforce. RCBC's narrower eligibility doesn't mean it's a bad bank, but it does mean more borrowers will qualify with Security Bank.

Loan Purposes: What Can You Finance?

Not all housing loans are created equal — some banks restrict which property types or transaction purposes they'll finance.

If you're planning to build a new home from the ground up or fund a major renovation, Security Bank is your only option between the two. RCBC focuses on completed or near-completed property purchases, which suits buyers who already have a specific unit or lot in mind.

For a deeper dive into Security Bank's loan structures, terms, and calculator, visit our Security Bank housing loan guide.

Approval Speed: 23 Days vs 49 Days

This is one of the most underrated factors when choosing a bank — and the gap here is large. Security Bank's typical approval time is 23 days, while RCBC typically takes 49 days. That's more than three extra weeks of waiting.

In a competitive real estate market, faster approval can be the difference between securing your dream property or losing it to another buyer. Pre-selling properties often have payment deadlines tied to reservation agreements, and resale properties involve motivated sellers who may not wait two months for bank confirmation.

If you need financing quickly — whether for a hot pre-selling launch, an estate sale, or a refinancing deadline — Security Bank's processing speed is a meaningful advantage.

Refinancing: Which Bank Gives You a Better Deal?

If you're an existing homeowner looking to lower your monthly payments, both banks accept refinancing applications. But the numbers favor Security Bank.

Consider a homeowner with a remaining loan balance of 3,500,000, currently paying 8.5% interest at another bank. If they refinance to Security Bank's 5-year fixed at 6.75%, their monthly savings could be significant — and the faster approval means less time exposed to their old, higher rate.

At Nook, we help homeowners refinance for free. We submit to multiple partner banks simultaneously, so you don't have to choose blindly — you get actual offers from banks like Security Bank and RCBC and can compare them side by side before committing. The best refinance rate currently available through Nook is 5.99% p.a. — well below what most Filipino homeowners are currently paying.

Applying Through Nook: One Application, Two Banks

You don't have to choose between Security Bank and RCBC before you apply. When you use Nook, you submit one application and we handle the rest — submitting to the banks most likely to approve you at the best rate, based on your income, employment type, and property details.

• 100% free for borrowers — Nook earns from the bank, not you
• No obligation to accept any offer
• Expert mortgage advisors available to explain your options
• Faster processing with pre-validated document checklists

Whether you end up with Security Bank, RCBC, or another lender entirely, Nook ensures you're making an informed decision with real numbers — not guesswork.