Home Improvement Loan

Breathe new life into your home or
increase its value before selling it.

Your home deserves an improvement. Let’s plan it out.

Fast Approval

Get your home construction loan approved in as fast as 10 banking days!

Low Rates

Enjoy low interest rates starting at 6.25% fixed for 1 to 3 years.

Flexible Payment Terms

Loan terms available for a minimum of 1 year and up to 20 years.

Multi-purpose Home Loan

Choose a home loan that suits your needs — from buying, constructing, and renovating your house.

We made applying for a home loan so easy, you can do it in 4 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 10 banking days

We’re thrilled to share with you what they say about us:

Highly Acclaimed Mortgage Product of the Year

–Global Retail Banking Innovations Awards 2018

Mortgage and Home Loan Product of the Year - Philippines

-Asian Banking & Finance Awards 2017

Best Brand Initiative – Home Loan product, Best Mortgage Product

–The Asian Banker Philippine Country Awards Programme 2016

Frequently Asked Questions

What are the Rates?

  • Enjoy terms that will make you feel at home with low interest rates starting at 6.25% fixed for 1 to 3 years.
1-3 Years 5 Years 10 Years
Regular Home Loan 6.25% 6.75% 7.75%
Home Equity Loan 7.25% 7.75% 8.75%

Fixing period is how long you want to lock in your interest rate.

How Much Can You Borrow?

  • 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 selling price or appraised value – for investment/secondary home or if loan purpose is Home Equity and acquisition of vacant lot

How to Apply

  • Start living in your new home with just 8 simple steps!
  1. Apply through:
  2. Receive SMS on Application Status
  3. Confirm Approval Details via email
  4. Sign loan documents
  5. Open a Security Bank account
  6. Pay bank charges
  7. Submit documents for loan release
  8. Move in to your new home

What are the requirements required for a Housing Loan?

Required Documents:
  1. 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)
  2. 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)
  3. 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)
  4. 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)
  5. Collateral Document Requirements
    • Copy of collateral title (TCT/CTC) | Sample
    • Copy of Tax Declaration on land and/or improvement | Sample: Land or Condo
    • Signed Authority to Inspect and Verify (bank form)
    • Appraisal Fee paid to SBC: OR Number
  6. Acquisition from Accredited Developer
    • Contract to Sell; or Reservation Agreement | Sample
  7. Home Construction or Renovation:
    • Bill of Materials and Estimates of Construction and Labor Cost | Sample
    • Floor and Building Plan and Building Specifications | Sample
    • Contractors’ All Risk Insurance

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 20 years for condominium unit

What are the types of housing loan I can avail from the Bank?

  • Acquisition of Residential House and Lot, Townhouse / Duplex, Condominium
  • House Construction for Owner Occupancy
  • Refinancing /  Take-Out of existing housing loan, provided account has satisfactory credit checking with other bank / financial institution
  • Reimbursement of acquisition cost or construction cost
  • Acquisition of Vacant Lot
  • Home Equity – multi-purpose loan (except for business) secured by a property

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 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

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

Ready to renovate your home?

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