Buying a house and lot is one of the biggest financial decisions you’ll ever make. Choosing the right home loan can significantly affect your monthly budget, repayment flexibility, and overall homeownership experience.

Two of the Philippines’ leading banks—Security Bank and Banco de Oro (BDO)—offer competitive housing and lot loan products designed to help Filipinos finance their dream homes. While both provide attractive financing options, each has unique strengths that may better suit different types of buyers.

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Quick Comparison

Feature	Security Bank Home Loan	BDO Home Loan
Minimum Loan Amount	₱1,000,000	₱500,000 (House & Lot)
Maximum Financing	Up to 90% of selling price (selected accredited developers); up to 80% for standard properties	Up to 80% of appraised value
Maximum Loan Term	Up to 20 years (House & Lot); 15 years (Vacant Lot)	Up to 25 years depending on property type and program
Minimum Gross Monthly Income	₱50,000 (Joint applicants allowed)	₱50,000
Processing Time	As fast as 5–7 banking days after complete document submission	Standard banking processing time (varies by branch and application)

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Security Bank Home Loan

Security Bank is known for its fast approval process and flexible repayment features, making it attractive for buyers who value speed and convenience.

Highlights

• Fast approval turnaround, potentially within 5 to 7 banking days
• Financing of up to 90% for selected accredited real estate developments
• Flexible repayment through the Fantastic Elastic Payment Scheme, allowing borrowers to make additional principal payments or adjust repayments when financially able
• Appraisal fee waiver for selected accredited developers
• Various fixed-rate options depending on the preferred fixing period

Security Bank may be ideal for buyers purchasing from accredited developers who want faster loan processing and flexible payment options.

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BDO Home Loan

BDO offers one of the country’s most established home financing programs with longer repayment terms and flexible loan features.

Highlights

• Loan terms of up to 25 years, depending on property type and program
• Financing options for house and lot purchases starting at ₱500,000
• Option to defer principal payments for up to six months (subject to applicable loan programs and approval)
• Ability to finance certain loan-related charges into the loan amount
• Home furnishing top-up loan options for qualified borrowers
• Promotional interest rate packages available during promotional periods

For buyers looking for lower monthly amortizations through longer repayment periods, BDO can be an attractive option.

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Eligibility Requirements

Both Security Bank and BDO generally require applicants to meet similar qualification standards.

Basic Qualifications

• Filipino citizen or qualified foreign national with valid residency or visa status
• At least 21 years old
• Must not exceed the bank’s maximum age at loan maturity
  • Security Bank: generally up to 65 years old
  • BDO: generally up to 70 years old
• Stable employment or profitable business operations

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Typical Documentary Requirements

Applicants are commonly required to submit:

Personal Documents

• Completed Home Loan Application Form
• At least two valid government-issued IDs

Property Documents

• Transfer Certificate of Title (TCT)
• Tax Declaration
• Vicinity or Location Map
• Other documents as required by the lending bank

Income Documents

For Employed Applicants

• Certificate of Employment (COE)
• Latest payslips
• Latest Income Tax Return (ITR)

For Self-Employed Applicants

• DTI or SEC Registration
• Audited Financial Statements
• Recent bank statements
• Latest Income Tax Return (ITR)

Additional documents may be requested depending on the applicant’s employment status, property type, and credit evaluation.

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Which Bank Should You Choose?

Consider Security Bank if you:

• Prefer faster loan approval
• Are purchasing from an accredited developer
• Want flexible repayment options
• Need higher financing for qualified developments

Consider BDO if you:

• Prefer a longer repayment period
• Want lower monthly amortization through extended loan terms
• Value additional financing options for home-related expenses
• Prefer one of the country’s largest branch networks

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Final Thoughts

Both Security Bank and BDO offer competitive home loan solutions designed to help Filipinos achieve homeownership. The best choice depends on your financial capacity, preferred repayment structure, property type, and long-term financial goals.

Before submitting an application, compare current interest rates, processing fees, loan features, and promotional offers. Speaking with a loan officer from each bank can also help you determine which financing package best suits your needs.

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Important Disclaimer

The information provided in this article is intended for general informational purposes only and should not be considered financial or lending advice. Home loan products, interest rates, loan terms, eligibility requirements, financing percentages, fees, and promotional offers from Security Bank and Banco de Oro (BDO) may change without prior notice. Buyers are strongly encouraged to verify the latest home loan policies, requirements, interest rates, and promotional programs directly with Security Bank or BDO before making any financial decision or submitting a loan application. Loan approval remains subject to the respective bank’s credit evaluation and prevailing lending policies.

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Looking for Financing?

If you’re planning to purchase a house and lot from LQW Realty Development Corp., our Sales Team can help guide you through the home loan application process and connect you with our partner banks to assist you in securing financing for your dream home.