If your Bank of Commerce home loan is still running at an old rate, you could be paying thousands more than you need to every single month. Nook helps you refinance for free and access rates as low as 5.99% p.a.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Bank of Commerce offers home loan products to Filipino borrowers, but like many bank loans, the rate you locked in at the start may no longer be competitive. Interest rates in the Philippines have shifted significantly over the past several years, and many homeowners are still sitting on rates of 8% to 10% while current mortgage interest rates in the Philippines have become more favorable for refinancers. If you haven't reviewed your home loan recently, there's a good chance you're overpaying.
Refinancing your Bank of Commerce home loan means switching to a new lender — one offering a lower rate — so that your monthly payment drops and more of your money stays in your pocket. Through Nook, you can compare offers from multiple Philippine banks including BDO, BPI, Security Bank, RCBC, and others, all in one place. Nook's service is completely free for borrowers: no broker fees, no hidden charges. We're paid by the bank you choose, not by you.
The process is simpler than most people expect. Nook handles the paperwork coordination, bank submissions, and follow-ups on your behalf. Most homeowners who refinance through Nook see their new loan approved within a few weeks. Whether your remaining balance is ₱1.5 million or ₱8 million, and whether you're in Metro Manila or the provinces, refinancing could be one of the smartest financial moves you make this year.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
It depends on the terms of your existing loan agreement. Some Bank of Commerce home loans include a lock-in period — typically one to three years — during which early repayment fees may apply. Nook can help you review your loan documents and calculate whether the savings from refinancing still outweigh any prepayment penalties.
Nook works with a wide panel of Philippine banks including BDO, BPI, Metrobank, Security Bank, RCBC, PNB, Chinabank, EastWest Bank, and more. We submit your application to multiple lenders and present you with the best offers, so you're not limited to just one option.
On a ₱3,000,000 loan with a remaining term of 20 years, moving from 8.50% to 5.99% could reduce your monthly payment by over ₱4,000 and save you more than ₱800,000 in total interest. Your actual savings depend on your outstanding balance, remaining term, and the rate you qualify for.
Refinancing involves a new loan application, which means your credit history will be reviewed by the new lender. A good repayment track record on your existing Bank of Commerce loan will actually work in your favor. Nook helps you prepare your application to present the strongest possible profile to lenders.
Simply fill out Nook's free online consultation form and one of our mortgage specialists will reach out to assess your current loan and savings potential. There's no obligation and no cost to you — Nook's service is 100% free for borrowers from start to finish.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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