Still paying your Bank of Commerce home loan at last decade's rates? Nook can help you refinance to as low as 5.99% p.a. — compare top Philippine lenders in minutes, completely free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Bank of Commerce offers home loans, but like many mid-tier banks in the Philippines, their mortgage rates can lag behind the more competitive offers available in the market today. If you took out your loan a few years ago — or even recently — there's a strong chance you're paying more interest than you need to. Current mortgage interest rates in the Philippines have become significantly more competitive, and refinancing your Bank of Commerce home loan could unlock meaningful long-term savings without requiring you to sell or move.
Refinancing works by replacing your existing home loan with a new one from a different lender, ideally at a lower interest rate. On a 3,000,000 peso loan with 20 years remaining, even dropping your rate from 8.50% to 5.99% can reduce your monthly payment by thousands of pesos — and translate to over half a million pesos saved across the life of your loan. Nook connects you to multiple Philippine banks including BPI, BDO, Security Bank, RCBC, and more, so you can compare real offers side by side. If you're curious about what BPI specifically offers, our BPI housing loan requirements guide is a helpful starting point.
The best part? Nook's refinancing service is completely free for borrowers. Our licensed mortgage brokers handle the legwork — from lender matching to document coordination — so you don't have to navigate the process alone. There are no hidden fees, no obligation to proceed, and no pressure. Just a clear picture of how much you could save by making the switch.
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 — as long as your property is eligible and you meet standard credit requirements, you can refinance your Bank of Commerce loan with any participating bank in the Philippines. Nook works with multiple lenders including BPI, BDO, Security Bank, RCBC, Chinabank, and others to find you the most competitive rate available. The new lender will pay off your existing Bank of Commerce balance, and you simply begin repaying the new loan at the better rate.
Nook's service is 100% free to borrowers — there is no broker fee, application fee, or consultation charge. Nook earns a referral fee from the bank if your loan is successfully placed, which means you get expert guidance at no cost to you. You will still need to budget for standard refinancing costs such as appraisal fees, documentary stamp tax, and registration fees, which your Nook broker can walk you through.
The refinancing process in the Philippines generally takes 4 to 8 weeks from application to loan release, depending on how quickly documents are submitted and how fast the new lender processes the approval. Nook helps speed this up by guiding you on exactly what documents to prepare and following up with the lender on your behalf. Being organised with your paperwork upfront is the biggest factor in keeping timelines short.
You'll typically need a valid government-issued ID, your latest income documents (payslips, ITR, or audited financial statements for self-employed applicants), a copy of your Transfer Certificate of Title (TCT), a recent Statement of Account from Bank of Commerce, and your property's tax declaration. Nook will give you a complete, personalised checklist based on your employment type and the lender you're applying with, so nothing gets missed.
Refinancing does not affect your ownership of the property — your name remains on the title throughout the process. The main credit consideration is that the new lender will conduct a standard credit check as part of their approval process, which is normal and expected. As long as you have a clean payment history and stable income, most borrowers qualify without issue. Your Nook broker can assess your profile before submission to make sure you're applying to the right lender.
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