If you have a Bank of Commerce home loan, there's a good chance you're paying more than you need to. Nook can help you refinance to as low as 5.99% p.a. — for free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Bank of Commerce offers home loans to Filipino borrowers, but like most banks, their rates are repriced periodically — and many homeowners find themselves locked into rates of 8% or higher after their initial fixed period ends. If your BOC home loan is already past its first fixing cycle, you could be paying significantly more than the best available rates in the market today. Refinancing means switching your existing loan to a new lender offering a lower rate, which directly reduces your monthly amortisation. You can check current mortgage interest rates in the Philippines to see how your BOC rate stacks up against the competition.
Nook is the Philippines' first digital mortgage broker, and we work with multiple banks simultaneously to find you the lowest refinance rate available — at absolutely no cost to you. Our service is 100% free for borrowers because the banks pay us a placement fee when your loan is approved. That means you get expert guidance, document support, and bank negotiation without paying a single peso in broker fees. For a ₱3,000,000 loan balance, switching from 8.50% to 5.99% could save you over ₱54,000 every year — that's real money back in your pocket.
The refinancing process in the Philippines typically takes 4 to 8 weeks, and Nook handles the heavy lifting for you. All you need to do is submit your documents once and we'll coordinate with multiple lenders on your behalf. If you're also comparing other banks as potential refinance destinations, you may find our guides on BPI housing loan requirements useful to understand what leading banks typically look for in refinance applicants.
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
Yes, absolutely. Refinancing simply means closing your existing BOC loan and opening a new one with a different lender that offers a better rate. There are no legal restrictions preventing you from switching banks, though you should check your current loan contract for any early settlement or lock-in period clauses that may apply.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current BOC loan and the new offer. For a ₱3,000,000 balance at 8.50%, refinancing to 5.99% over 20 years saves approximately 4,540 per month. Use Nook's free calculator to get a personalised estimate based on your actual figures.
Yes, Nook charges borrowers nothing. We are paid a referral fee by the bank that approves your refinanced loan, similar to how travel agents earn commissions from airlines and hotels. You receive full broker services — bank comparisons, application support, and document coordination — at zero cost to you.
You'll typically need a valid government-issued ID, your latest Income Tax Return (ITR) or Certificate of Employment with payslips, your latest BOC loan statement showing your outstanding balance, and the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) for your property. Nook will give you a complete personalised checklist once you start your application.
The typical refinancing timeline in the Philippines is 4 to 8 weeks from application to loan release, depending on how quickly documents are submitted and the processing speed of the new lender. Nook helps streamline this by coordinating directly with banks on your behalf, reducing back-and-forth delays that commonly slow down the process.
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