Details about the Security Bank Home Loan Interest Rate 2024 Per Fixing Period
SECURITY BANK HOME LOAN INTEREST RATE 2024 – Here are the interest rates set by Security Bank based on the fixing period.
Have you heard about the Home Loan offer of the Security Bank? It is open to finance a residential property acquisition, house construction, home renovation, refinancing of an existing home loan, as well as reimbursement of a residential property acquisition or house construction.
You may also apply for the loan for the purpose of Home Equity or to obtain some cash using a residential property as the collateral. The bank boasts its offer with the following salient features:
- fast approval
- promo interest rate
- flexible payment terms
You can get approved within 10 working days since the submission of a complete list of requirements. The bank currently offers a promo rate of 6.99% under a five-year fixing term.
Under the Security Bank offer, the bank offers a one-year, three-year, and five-year fixing periods. Here are the Security Bank Home Loan interest rates under each fixing period and based on the loan availed:
| 1 Year | 3 Years | 5 Years | |
|---|---|---|---|
| Regular Home Loan | 7.00% | 7.25% | 7.75% |
| Home Equity Loan | 8.00% | 8.25% | 8.75% |
| Special Home Loan Rate | 6.99% |
How long is allowed by Security Bank for the loan repayment? The minimum loan term is one (1) year and the maximum term varies such as the following:
- For house and lot acquisition, the maximum term is 25 years.
- For townhouse or duplex acquisition, the maximum term is 20 years.
- For the acquisition of a vacant lot or a condo unit, the maximum term is 15 years.
