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Home Loan
Own your dream home starting at 5.25% and payment terms of up to 20 years.
Rates
Enjoy terms that will make you feel at home with low interest rates starting at 5.25% fixed for 1 year.
| 1 year | 2 – 3 years | 4-5 years | 6 – 10 years | 11 – 15 years | |
|---|---|---|---|---|---|
| Regular Housing Loan | 5.25% | 6.25% | 6.88% | 8% | 9% |
| Home Equity Loan | 6.25% | 7.25% | 8% | 9% | 10% |
At a Glance
Take a look at what we can offer:
| Loan Amount | Up to 80% of appraised value |
| Payment Terms | Up to 20 years |
| Joint Gross Monthly Income (minimum) | PHP 50,000 |
| Approval Time | 5 banking days |
| Minimum Loan Amount | PHP 1,000,000 |
Housing Loan Calculator
Eligibility
- At least 21 years old, but not more than 65 years old upon loan maturity
- Earning a combined monthly income of P50,000
- Has been continuously employed for at least 2 years
- For the self-employed, must be operating a legitimate and profitable business for the last 3 years
Get your housing loan in 4 easy steps
Check how much you can borrow using our calculator.
Choose the loan that suits your needs.
Complete the application and checklist. Apply online or at your nearest branch.
Get approved in as fast as 5 days!
What can you do with a Security Bank housing loan?
Buy
Get the keys to a home you can call your own. Let Security Bank help you.
Construct
Your plan. Your design. Make your dream home a reality with Security Bank!
Renovate
Breathe new life into your home or increase its value before selling it.
Refinance
Are you paying high interest rates with another bank? See how much you can save by switching to Security Bank!
Pay on your own terms
Fantastic Elastic
Maximum flexibility at no extra cost. Pay more when you have extra, pay less when your budget is tight.
Regular
Fixed monthly amortization payments of principals and interest.
Own your dream house with approval in as fast as 5 days!
Hear from our clients
“I was able to apply for my housing loan when I was in Dubai. I submitted it all online and didn’t have to print anything!”
Anthony D.“Applied for a housing loan with Security Bank to buy a new house for our growing family. Got approved for a good loan amount.”
Louise M.Accredited Developers
Frequently Asked Questions
What are the Rates?
- Lowest Rates in the market!
- Enjoy terms that will make you feel at home with low interest rates starting at 5.25% and fixed for 1 year.
| 1 year | 2-3 years | 4-5 years | 6-10 years | 11-15 years | |
| Regular Housing Loan | 5.25% | 6.25% | 6.88% | 8% | 9% |
| Home Equity Loan | 6.25% | 7.25% | 8% | 9% | 10% |
Fixing period is how long you want to lock in your interest rate.
How Much Can You Borrow?
- Loan up to 80% of your desired property!
| New House & Lot | 80% of appraised value |
| Townhouse | 80% of appraised value |
| Duplex | 80% of appraised value |
| Condominium | 80% of appraised value |
| Second Home/Investment Use | 70% of appraised value |
| Vacant Lot | 70% of appraised value |
How to Apply
- Start living in you new home with 8 simple steps!
- Apply through:
- Accredited Developers
- Online
- Download Home Loan Application Form together with the requirements and submit at a branch near you.
- Receive SMS on Application Status
- Confirm Approval Details via email
- Sign loan documents
- Open a Security Bank account
- Pay bank charges
- Submit documents for loan release
- Move in to your new home
What are the requirements required for a Housing Loan?
Required Documents:
- For Locally-Employed Borrowers:
- Completely filled out and signed application form
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
- Any ONE of the following income documents:
- Latest Certificate of Employment and Compensation | Sample
- Latest Income Tax Return
- Latest 3 months Payslips
- Latest 3 months Bank Statements
- Note: to credit commission income, kindly submit latest 6 months payslips
- Mortgage Redemption Insurance (MRI) Application Form
- Relevant collateral documents (Section E)
- For Self-Employed Borrowers:
- Completely filled out and signed application form
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
- Income Tax Return (1701 for sole proprietary owner; or 1702 for Corporation)
- Any ONE of the following income documents:
- Audited Financial Statements (Latest 1 year)
- Bank statements (Latest 3 months)
- Lease/Rental Contracts
- Note: For licensed Real Estate brokers and licensed Insurance brokers, kindly submit latest 12 months proof of income to credit commission-based income
- Mortgage Redemption Insurance (MRI) Application Form
- Relevant collateral documents (section E)
- For Corporate Borrowers:
- Completely filled out and signed application form
- Company profile: background, owners, key officers
- SEC Registration and General Information Sheet
- Bank Statements (latest 3 months)
- Income Tax Return (1702 for Corporation) with Audited Financial Statements for the past 3 years
- Suppliers contact info (with average monthly transactions)
- Customer’s contact info (with average monthly transactions)
- Authorization letter (for bank, business and trade checkings)
- Mortgage Redemption Insurance (MRI) Application Form
- Relevant collateral documents (Section E)
- For OFW Borrowers:
- Completely filled out and signed application form
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
- Any ONE of the following income documents:
- Certificate of Employment with compensation (issued within the last 6 months)
- Latest Crew Contract (for seafarer/seaman)
- Latest Employment Contract (for land-based OFWs)
- Allotment Slip
- Latest 3 months payslip; OR bank statement for past 3 months
- Note: For OFWs hired directly abroad, any TWO income documents are required
- Consularized Special Power of Attorney is needed if with attorney in fact
- Mortgage Redemption Insurance (MRI) Application Form
- Relevant collateral documents (Section E)
- Collateral Document Requirements
- Acquisition from Accredited Developer
- Contract to Sell; or Reservation Agreement | Sample
- Home Construction or Renovation:
What are the loan terms available?
- Minimum of 1 year
- Maximum of 25 years for house & lot
- Maximum of 20 years for townhouse or duplex
- Maximum of 15 years for residential vacant lot, or condominium unit
What are the types of housing loan I can avail from the Bank?
- Acquisition of residential house and lot, townhouse, duplex, condominium unit, or residential vacant lot House Construction
- Refinancing/Take-out of existing housing loan from another bank
- Reimbursement of acquisition or construction cost
- Home Equity Loan
What are the modes of payment available?
- Regular Monthly Amortization, fixed payment of principal and interest
- Fantastic Elastic: customer can make overpayments and underpayments on the loan
How can I pay for my loan?
- Auto Debit Arrangement (ADA) – payment will be automatically deducted from your Security Bank account
How can I pay thru ADA?
- Open an account in any Security Bank branch
- Enroll the account as your settlement account for your housing loan upon loan booking
How are my payments/amortizations collected?
- Equal monthly amortization of principal and interest to be collected 1 month after loan release
- Subsequent amortization due dates shall follow the date of the first amortization