If you have a Bank of Commerce home loan, there's a good chance you're paying more than you need to. Nook helps you refinance to rates as low as 5.99% p.a. — for free.
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No commitment. No credit check. Just your numbers.
Why this matters
Bank of Commerce offers home loans to Filipino borrowers, but like many traditional banks, its rates are often repriced upward after the initial fixed period ends — sometimes reaching 8% to 9% or higher. If your loan has already passed its lock-in period, or if your reprice date is approaching, now is the right time to explore a transfer. Refinancing your home loan to a lower rate can put thousands of pesos back in your pocket every single month.
Nook is the Philippines' first digital mortgage broker, and we work with multiple banks to find the most competitive refinancing rates available for your profile. Whether you're currently paying 8.50% or more with Bank of Commerce, switching lenders through Nook could significantly reduce your monthly amortisation. You can check current mortgage interest rates in the Philippines to see how your existing rate compares to what's available today.
The best part? Nook's service is completely free for borrowers. We're compensated by the banks, not you. Our team handles the paperwork, compares offers across lenders, and guides you through every step of the refinancing process — so you don't have to do it alone. There's no obligation to proceed until you find a deal that genuinely works for you.
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 — also called a home loan transfer — allows you to move your outstanding loan balance from Bank of Commerce to a new lender offering a lower interest rate. As long as your loan has passed its lock-in period, you are generally free to transfer without penalty.
It depends on your outstanding balance, remaining term, and current interest rate. On a 3,000,000 peso loan at 8.50%, refinancing to 5.99% could save you over 4,500 pesos per month — that's more than 800,000 pesos over the remaining life of your loan. Use Nook's free calculator to get a personalised estimate.
You'll typically need your latest Statement of Account from Bank of Commerce, proof of income (payslips or ITR), a copy of your Transfer Certificate of Title, and valid government-issued IDs. Nook will send you a complete checklist once you start your application and guide you through gathering everything.
The refinancing process in the Philippines typically takes 4 to 8 weeks from submission of complete documents to loan release, though timelines vary by lender. Nook helps keep things moving by coordinating directly with the banks on your behalf, which reduces delays and back-and-forth.
Yes, Nook's service is 100% free for borrowers. We earn a referral fee from the bank once your loan is approved and released — similar to how insurance brokers work. You pay nothing extra, and the rate you receive is the same as going directly to the bank, or better, because we negotiate on your behalf.
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