Security Bank Home Loan

Loan Amount Up to 80% of appraised value
Payment Terms Up to 20 years
Joint Gross Monthly Income (minimum) P50,000
Approval Time 5 banking days
Minimum Loan Amount  P1,000,000


What are the Rates?
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%            7%                 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.

Who is Eligible?

Eligibility & Requirements

• At least 21 years old, but not more than 65 years old upon loan maturity
• Earning a combined monthly income of Php 50,000
• 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

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?

1. Apply through:
    A. Accredited Developers
     B. Online
     C. Download Home Loan Application Form together with the requirements
         and submit at a branch near you.
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:

• Home Loan Online Application Form

• List of Required Documents

• Special Power of Attorney (SPA)

A. 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)

B. 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)

C. 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)

D. 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)

E. Collateral Document Requirements

• Copy of collateral title (TCT/CTC) | Sample
• Copy of Tax Declaration on land and/or improvement | Sample: Land Condo
• 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 Cost 
• Floor and Building Plan and Building Specifications | Sample

F. Acquisition from Accredited Developer

• Contract to Sell; or Reservation Agreement 

G. Home Construction or Renovation:

• Bill of Materials and Estimates of Construction and Labor Cost 
• Floor and Building Plan and Building Specifications 

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