Interest Rates Comparison
UCPB Home Loan Rates
- Fixed Rates: 8.50% - 10.00% p.a.
- Variable Rates: 7.75% - 9.25% p.a.
- Home Equity: 9.00% - 10.50% p.a.
Security Bank Rates (via Nook)
- 1-Year Fixed: 6.99% p.a.
- 5-Year Fixed: 6.75% p.a.
- Home Equity: 7.50% p.a.
Winner: Security Bank - Offers rates up to 3.25 percentage points lower than UCPB, potentially saving homeowners hundreds of thousands in interest payments over the loan term.
Loan Requirements Comparison
| Requirement | UCPB | Security Bank |
|---|---|---|
| Minimum Monthly Income | 75,000 | 50,000 |
| Maximum Debt-to-Income | 35% | 40% |
| Employment Types | Private, Government, OFW | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer |
| Typical Approval Time | 30-45 days | 23 days |
Winner: Security Bank - More flexible income requirements, higher DTI allowance, broader employment acceptance, and faster processing times.
Savings Calculation Example
For a 3,000,000 refinancing over 20 years:
Security Bank through Nook could save you nearly 1 million pesos over the loan term. Calculate your potential savings with our refinancing calculator.
Why Choose Security Bank Through Nook
- Competitive Rates: 6.75% fixed rate significantly below market average
- Fast Processing: 23-day typical approval versus industry standard 30-45 days
- Inclusive Requirements: Accepts freelancers, BPO workers, and self-employed borrowers
- Free Broker Service: Nook handles your application at no cost to you
- Multiple Loan Purposes: Refinancing, home equity, new construction, renovation, and more
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Compare My Options →Frequently Asked Questions
What's the difference between UCPB and Security Bank home loan rates?
Security Bank offers significantly lower rates through Nook starting at 6.75% for 5-year fixed terms, while UCPB's rates typically range from 8.50% to 10.00%. This difference can save borrowers hundreds of thousands in interest over the loan term.
Which bank has better loan requirements - UCPB or Security Bank?
Security Bank has more flexible requirements with a lower minimum monthly income of 50,000 versus UCPB's 75,000, higher maximum DTI of 40% versus 35%, and accepts a broader range of employment types including freelancers and BPO workers.
How much can I save switching from UCPB to Security Bank?
On a 3,000,000 loan over 20 years, switching from UCPB's 9.00% rate to Security Bank's 6.75% rate could save you 4,006 per month and 961,440 in total interest payments over the loan term.
Can I refinance my UCPB home loan to Security Bank through Nook?
Yes, Nook can help you refinance your existing UCPB home loan to Security Bank's lower rates. Our service is completely free, and we handle the entire application process including document preparation and bank coordination.
How long does it take to process a Security Bank refinancing application?
Security Bank typically processes refinancing applications in 23 days, which is significantly faster than UCPB's 30-45 day processing time and the industry average. This means you can start saving on interest payments sooner.
What employment types does Security Bank accept for home loans?
Security Bank accepts a wide range of employment types including private employees, government workers, BPO staff, OFW/seafarers, self-employed individuals, professionals, and freelancers. This is more inclusive than UCPB's more limited acceptance criteria.