Bank of Commerce vs Robinsons Bank: Home Loan Overview
Choosing between Bank of Commerce and Robinsons Bank for a home loan — or refinance — requires looking beyond headline rates. Below, we compare both lenders across the factors that matter most to Filipino homeowners. Please note that rates shown for both banks are approximate, based on publicly available information, and are subject to change. Always verify current rates directly with the bank.
| Feature | Bank of Commerce | Robinsons Bank |
|---|---|---|
| Indicative Interest Rate | ~7.00% – 9.50% p.a. | ~7.25% – 10.00% p.a. |
| Minimum Loan Amount | ~1,000,000 | ~1,000,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Up to 80% of appraised value |
| Loan Term | Up to 20 years | Up to 20 years |
| Processing Fee | Applicable (confirm with bank) | Applicable (confirm with bank) |
| Appraisal Fee | Applicable (confirm with bank) | Applicable (confirm with bank) |
| Digital Application | Limited | Partial online process available |
| Broker Service Available | Not via Nook | Not via Nook |
Important: All rates above are approximate and based on publicly available information as of the date of publication. Rates are subject to change without notice. Contact each bank directly for their latest offers.
Interest Rate Comparison: What You Actually Pay
To understand the real cost difference, let's look at what a borrower would pay monthly under different rate scenarios on a 3,000,000 peso home loan over 20 years.
| Interest Rate | Monthly Payment (est.) | Total Interest Paid (est.) |
|---|---|---|
| 5.99% p.a. (Nook best rate) | ~21,491 | ~2,157,840 |
| 7.50% p.a. (Bank of Commerce est.) | ~24,168 | ~2,800,320 |
| 8.50% p.a. (Robinsons Bank est.) | ~26,058 | ~3,253,920 |
On a 3,000,000 peso loan at 7.50%, a borrower would pay approximately 642,480 pesos more in interest over 20 years compared to refinancing at 5.99% through Nook. At 8.50%, that gap widens to over 1,000,000 pesos. These figures are illustrative estimates only and will vary based on your actual loan terms, fees, and repricing schedule.
Bank of Commerce Home Loan: What We Know
Bank of Commerce (BankCom) is a full-service commercial bank in the Philippines that offers home loan products for property purchase and refinancing. As a mid-sized bank, it caters to individual and corporate clients, though its home loan product lineup is less prominently marketed compared to larger banks like BDO or BPI.
- Rate structure: Fixed rates for an initial period (typically 1, 2, or 3 years), reverting to a variable or re-priced rate thereafter
- Eligible properties: Residential lots, house and lot, condominium units, and townhouses
- Refinancing: Available for eligible existing borrowers
- Branch network: More limited than major banks — which may affect accessibility for some borrowers
Because Bank of Commerce is not a Nook partner bank, we are unable to provide verified real-time rates or facilitate applications directly. Borrowers should contact Bank of Commerce directly for their latest promotional rates and terms.
Robinsons Bank Home Loan: What We Know
Robinsons Bank is part of the Gokongwei Group and has positioned itself as a consumer-friendly bank with accessible branch locations, particularly inside Robinsons malls across the country. Its home loan product targets middle-income borrowers purchasing or refinancing residential properties.
- Rate structure: Fixed rate periods available (1, 2, 3, or 5 years), with subsequent re-pricing
- Eligible properties: House and lot, condominium units, townhouses, and vacant lots
- Refinancing: Offered for qualified borrowers
- Digital banking: Has made investments in digital channels, though the home loan application process still involves significant manual steps
If you're comparing Robinsons Bank against other lenders, you may also find our guides on GoTyme vs Robinsons Bank home loan rates and RCBC vs Robinsons Bank home loan rates useful for a broader market view.
Like Bank of Commerce, Robinsons Bank is not currently a Nook partner bank, meaning we cannot provide verified rates or process applications on your behalf for this lender.
Hidden Costs to Watch Out For
Beyond the headline interest rate, home loans from both banks will typically involve additional costs that can add up significantly. These include:
- Processing fee: Usually 0.50% to 1.00% of the loan amount
- Appraisal fee: Typically 3,500 to 5,000 pesos or more depending on property size and location
- Mortgage redemption insurance (MRI): Required by most banks; cost varies by age and loan amount
- Fire insurance: Mandatory; amount based on property value
- Notarial and documentation fees
- Pre-termination penalties: Both banks may charge penalties for early loan settlement — confirm the exact terms before signing
When working with Nook, our team helps you understand the full cost picture across multiple lenders — not just the rate — so you can make a genuinely informed decision. And because Nook's service is 100% free to borrowers, there's no cost to exploring your options.
Why Refinancing Through Nook May Be the Better Choice
If you currently have a home loan with Bank of Commerce, Robinsons Bank, or any other Philippine lender, there's a strong chance you're paying more than you need to. Nook is the Philippines' first digital mortgage broker, and we work with a panel of lenders to find you the most competitive refinance rate available — currently as low as 5.99% p.a.
- ✅ Access to multiple lender rates in one place
- ✅ Verified, real-time rates from our partner banks
- ✅ Dedicated mortgage advisors to guide you through the process
- ✅ 100% free service — Nook is paid by the bank, not the borrower
- ✅ Streamlined digital process for faster approvals
The refinancing process in the Philippines has historically been complicated, paper-heavy, and time-consuming. Nook was built to change that — making it easier for homeowners to switch to a better deal without the usual hassle.
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Compare My Options →Frequently Asked Questions
Which is better for a home loan: Bank of Commerce or Robinsons Bank?
Based on publicly available information, both banks offer similar home loan products with rates generally ranging from 7% to 10% p.a. The better option for you will depend on your specific loan amount, property type, and eligibility. However, it's worth noting that through Nook, borrowers may be able to access refinance rates as low as 5.99% p.a. — potentially lower than what either bank currently advertises. Always compare multiple lenders before deciding.
What are the current home loan rates at Bank of Commerce?
Bank of Commerce home loan rates are approximately 7.00% to 9.50% p.a. based on publicly available information, but these rates are indicative and subject to change. The exact rate offered to you will depend on your loan amount, term, and creditworthiness. Contact Bank of Commerce directly or speak with a Nook advisor to compare current offers across multiple lenders.
What are the current home loan rates at Robinsons Bank?
Robinsons Bank home loan rates are approximately 7.25% to 10.00% p.a. based on publicly available information. These are indicative figures and subject to change. For the most accurate and up-to-date rates, contact Robinsons Bank directly or use Nook's free service to compare verified rates from our partner lenders.
Can I refinance my Bank of Commerce or Robinsons Bank home loan?
Yes. If you currently have a home loan with either bank, you may be eligible to refinance — either with the same bank or with a different lender offering a better rate. Refinancing makes the most sense when your remaining loan balance is substantial and you can secure a meaningfully lower interest rate. Nook can help you explore refinance options across multiple Philippine banks for free.
How much can I save by refinancing to a lower rate?
The savings depend on your loan balance, remaining term, and the rate difference. As an example, on a 3,000,000 peso loan over 20 years, switching from 8.50% to 5.99% p.a. could save you over 1,000,000 pesos in total interest. Even a 1% rate reduction can save tens of thousands of pesos per year. Use Nook's free refinance calculator to estimate your potential savings.
Is Nook's mortgage brokering service really free?
Yes, Nook's service is 100% free to borrowers. Nook earns a fee from the bank when a loan is successfully placed — similar to how insurance brokers operate. You get access to expert advice, multiple lender comparisons, and a streamlined application process at no cost to you.
What documents do I need to refinance my home loan in the Philippines?
Standard requirements for home loan refinancing in the Philippines typically include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for self-employed), the original Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), a tax declaration, and your existing loan statement of account. Nook's advisors will walk you through the exact requirements based on your situation and the lender you're applying with.
How does Robinsons Bank compare to other lenders for home loans?
Robinsons Bank sits in the mid-tier of Philippine home loan lenders in terms of rates and accessibility. If you're researching your options, you might also want to read our comparison of Maybank Philippines vs Robinsons Bank home loan rates or Philippine Business Bank vs Robinsons Bank for additional context on where Robinsons Bank stands in the market.