Up to 70% of value
Up to 70% of appraised value for residential properties and up to 60% for vacant lot.
Up to
15 years
Up to 15 years when collateral is owner occupied (up to 10 years if not).
Loans start from PHP1M
PHP1,000,000 minimum loan amount
Loans up to PHP10M
PHP10,000,000 maximum loan amount
Quick approval
Within 10 banking days*
*Upon submission of complete documents.
What is a home equity loan?
Our Home Equity Loan lets you use your home’s current value as security for the cash you need, be it for tuition, purchase of equipment or furniture, travel, debt consolidation, or any use you see fit.
You can also use it to refinance or take out an existing housing loan from other banks if the home equity portion is more than 50% of the outstanding balance upon application.
*Please note that business purposes are not allowed for Home Equity Loans
| Term | Rates |
| 1 year | 8.00% |
| 3 years | 8.25% |
| 5 years | 8.75% |
Take advantage of our no-cash-out feature with our
All-in Financing offer.
Eligibility
- 21 to 65 years old upon loan maturity
- Earning minimum monthly income of P50,000
- Permanent employee or practicing professional
- For employed individuals, practicing professionals, and OFWs (or spouses of OFWs) ONLY.
Hear from our clients
Ready to apply for a home equity loan?
Apply online nowFrequently asked questions
I want to know your banking hours
For the latest update on branch information, such as operating hours, please refer to our updated branch directory, click here
What are the rates?
- Enjoy terms that will make you feel at home with low interest rates starting at 7.00% fixed for 1 year.
| 1 Year | 3 Years | 5 Years | |
|---|---|---|---|
| Regular Home Loan | 7.00% | 7.25% | 7.75% |
| Home Equity Loan | 8.00% | 8.25% | 8.75% |
Don’t miss our ongoing special Home Loan Rate & Rebate Promo. For more details, visit https://www.securitybank.com/personal/loans/home-loan-housing-mortgage/special-rate-rebate-promo/?websource=home-loan-faq to learn more.
What does fixed period mean?
The fixed period is the number of years an approved interest rate will be applied to your loan. After each fixed period until maturity, your loan will be subject to repricing, which a new rate will be applied to the next fixed period.
How much can I borrow?
Your loanable amount, or the amount you can borrow is a percentage (%) of the property’s appraised value.
- Up to 90% of selling price – if acquisition (primary use) from top-tier developers
- Up to 80% of appraised value- if acquisition (primary use) from individual seller or non-top tier developers
- Up to 60% of the selling price or appraised value – for investment/secondary home or if loan purpose is Home Equity and acquisition of a vacant lot
How to Apply?
Begin your journey to your new home easily, by following these 8 easy steps!
1. Apply through our official channels:
- Accredited Developers
- Online via our official website, click Home Loan Application
- At the branch. Just download and complete the Home Loan application Form and submit it with the requirements at a branch near you.
2. Wait for the approval sent via SMS or your registered email address.
3. Confirm your loan approval details via email.
4. Sign the necessary loan documents.
5. Set up your Security Bank account to pay your monthly amortization.
6. Pay any necessary bank charges
7. Submit the required documents for the loan release.
8. Move into your new home.
What are the required documents?
To ensure a hassle-free application process, please make sure to bring all the necessary requirements listed below:
Required Documents:
1. Home Loan Online Application Form
3. Special Power of Attorney (SPA)
4. Authorization Letter Template for Property Collateral Verification and Tax Mapping
A. For Locally-Employed Borrowers
- 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
- 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)
B. For Self-Employed Borrowers
- 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 the latest 12 months' proof of income to credit commission-based income
- Mortgage Redemption Insurance (MRI) Application Form
- Relevant collateral documents (Section E)
C. For Corporate Borrowers
- 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)
D. For OFW Borrowers
- 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)
E. Collateral Document Requirements
- Copy of collateral title (TCT/CTC)
- Copy of Tax Declaration on land and/or improvement
- Signed Authority to Inspect and Verify (bank form)
- Appraisal Fee paid to SBC: OR Number
Acquisition from Accredited Developer
- Contract to Sell; or Reservation Agreement
Home Construction or Renovation
- Bill of Materials and Estimates of Construction and Labor Costs
- Floor and Building Plan and Building Specifications
Loan take-out/ Home equity
- Proof of amortization payments for the last 3 months
- Statement of Account from Mortgagee Bank
What are the loan terms available?
The minimum term is 1 year, while the maximum tenor will depend on the type of property you are purchasing:
- For house and lot, the maximum term is 25 years.
- For townhouse or duplex, the maximum term is 20 years.
- For residential vacant lot or condominium unit, the maximum term is 15 years.
What are the other purposes of a Housing Loan?
You can avail of a housing loan to:
- Purchase a residential house and lot, townhouse, duplex, condominium unit, or residential vacant lot
- Construct a new house
- Refinance or take out an existing housing loan from another bank
- Reimburse for acquisition or construction expenses
- Home equity loan
How can I pay for my loan?
Your loan amortization will be collected via an Auto Debit Arrangement (ADA) using a Security Bank account. You may visit your nearest Security Bank branch for more details.
How are my payments / amortization collected?
The first loan amortization will be collected a month after your loan is released and will continue to be collected every month until the end of your loan term.
Please be aware that the loan amortization amount will change subject to the rate applied at repricing (after your fixed period).
Do you have a list of valid IDs?
To proceed with your application, we will require either one (1) Primary ID or two (2) Secondary IDs from the accepted IDs, which can be found here.
Please be reminded that the submitted valid IDs will be used solely to process your application.
What are the fees and charges that I have to pay?
- Appraisal Fee: PHP3,500 within Metro Manila, PHP4,000 outside Metro Manila
- Amendment Fee:
- PHP3,500 - For any changes to the loan terms and conditions after the loan has been booked OR for any changes on HLPM-approved accounts after documentation
- PHP5,000 - For any changes in broker code, subject to approval
- Other fees and charges: Estimated 2.5% to 3% of the approved Loan Amount
- Real Estate Mortgage Fees
- Mortgage Redemption Insurance
- Fire Insurance/ Construction All Risk
How can I pay through Auto Debit Arrangement (ADA)?
- Open an account in any Security Bank branch
- Enroll the account as your settlement account for your housing loan upon loan booking
For detailed information and answers to frequently asked questions about collateral release, please refer to our Help Centre.