Up to 80% of appraised value
Loan amount up to 80% of appraised value
Flexible payment terms
Flexible payment terms up to 20 years
Loan starts at PHP1,000,000
PHP1,000,000 minimum loan amount
Fair income requirements
PHP50,000 minimum joint gross monthly income
Quick approval
Within 5 banking days*
*Upon submission. of complete documents.
What is a Solar Mortgage?
Solar Mortgage is a home loan program to finance the purchase, acquisition, and installation of solar panels. It is for a regular home loan purpose plus a solar panel purchase.
- Property Acquisition + Solar panel purchase
- Construction/ Renovation + Solar panel purchase
- Refinancing + Solar panel purchase
- Home Equity for the purpose of Solar panel purchase
- Top-Up of an existing loan for Solar panel purchase
| 1 Year | 3 Years | 5 Years | |
|---|---|---|---|
| Regular Home Loan | 7.00% | 7.25% | 7.75% |
| Home Equity Loan | 8.00% | 8.25% | 6.80%* |
| Solar Mortgage Special Rate | 6.80%* |
*Promo alert: We’re offering a special rate of 6.80% p.a. for a 5-year fixing period for Home Equity Loan and Solar Mortgage until December 31, 2024.
Don’t miss out on this exclusive offer. Book your home loan now!
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 PHP50,000
- 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
Ready to apply for a Solar Mortgage?
Apply online nowFrequently asked questions
What is Solar Mortgage?
Solar Mortgage is a home loan program to finance the purchase, acquisition, and installation of solar panels. It is for a regular home loan purpose plus a solar panel purchase. This is one of Security Bank’s share in the commitment to sustainability and eco-friendly environment.
Where can I use Solar Mortgage?
Property Acquisition
Purchase your dream home and include solar panels as part of the loan amount.
Construction or Renovation
Include solar panels on the construction of your new home.
Home Equity
Use the value of your existing property for the purpose of solar panel purchase.
Top-Up
Access to additional funds for the purchase of solar panel purchase as a top up to your existing home loan.
Refinancing
Transfer your existing home loan from another bank to us and include a solar panel purchase.
How much is the minimum loan amount for Solar Mortgage?
| Home Loan Type | Minimum Loan Amount |
| Acquisitions, Construction, Refinancing, Home Equity* | PHP1,000,000 |
| Home Equity** | PHP500,000 |
| Top Up | PHP300,000 |
*For New-To-Bank clients of Security Bank
** For Existing-To-Bank clients, those who has a current banking relationship with Security Bank.
What are the loan terms?
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 requirements in applying for a Solar Mortgage?
- Standard Security Bank Home Loan requirements shall apply. Click here to view.
- You are also required to submit a formal quotation for the solar package that are purchasing from your chosen provider.
Does Security Bank have an accredited solar panel provider?
Accredited solar panel providers are:
- Helios
What are the rates?
| 1 year | 3 years | 5 years | |
| Regular Home Loan | 7.00% | 7.25% | 7.75% |
| Home Equity | 8.00% | 8.25% | 6.80%* |
| Solar Mortgage Special Rate | 6.80%* |
I have some inquiries and questions, who can I contact?
For questions regarding Solar Mortgage, you can send us a message at [email protected]