If you took out your BDO home loan a few years ago, there's a good chance you're paying a higher rate than you need to. Nook helps you refinance to as low as 5.99% p.a. — for free.
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Why this matters
BDO is one of the Philippines' largest home loan providers, and for good reason — they offer competitive rates, flexible terms, and wide branch coverage. But if you've had your BDO home loan for a few years, your current interest rate may no longer reflect what's available in today's market. Many BDO borrowers are still on rates between 7.5% and 9.5% from older fixed-rate repricing periods, and the difference between your current rate and a refinanced rate can translate to tens of thousands of pesos in savings every year. You can learn more about BDO's current home loan interest rates and requirements to see how your existing loan compares.
Refinancing your BDO home loan through Nook means you're not limited to BDO's own refinance offer. As the Philippines' first digital mortgage broker, Nook compares rates across multiple partner banks — including BDO itself — and finds the best deal for your specific situation. BDO currently offers a 1-year fixed rate starting at 6.00% p.a. for refinancing, which is significantly lower than what most existing borrowers are paying. With a minimum monthly income requirement of 50,000 and typical approval in around 30 days, BDO is also one of the more accessible refinance options for employed professionals, OFWs, and self-employed borrowers alike.
The entire Nook service is 100% free for borrowers. There are no broker fees, no hidden charges, and no pressure to pick any particular bank. Our team handles the paperwork, follows up with the bank on your behalf, and keeps you updated throughout the process. Whether your goal is to lower your monthly payment, shorten your loan term, or access your home equity, refinancing is often the most powerful financial move a homeowner can make — and Nook makes it easier than ever to get started. Note that interest rates are subject to change; always verify the latest rates directly with the bank or through a Nook advisor before proceeding.
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 taking a new loan from another bank to pay off your existing BDO mortgage. Many borrowers refinance to a different lender to secure a lower rate or better terms. Nook compares offers from multiple banks so you can choose whichever gives you the best deal.
The best refinance rate currently available through Nook is 5.99% p.a., though the rate you qualify for will depend on your loan amount, remaining term, income, and the bank's current offerings. BDO's own refinance rate starts at 6.00% p.a. for a 1-year fixed period. Rates are subject to change, so it's worth getting a personalised comparison through Nook to see your actual options.
Nook's service is completely free for borrowers — there are no broker fees or consultation charges at any stage. The only costs involved are standard bank processing fees and third-party charges like appraisal and notarial fees, which apply regardless of whether you use a broker. Nook will give you a clear breakdown of expected costs before you commit to anything.
The typical refinance timeline is around 30 to 45 days from application to approval, though this can vary depending on how quickly documents are submitted and how complex your financial profile is. BDO has an estimated approval period of around 30 days for complete applications. Nook helps you prepare your documents correctly the first time to avoid unnecessary delays.
Standard refinance documents include a valid government ID, proof of income (payslips or ITR), your latest BDO loan statement, Transfer Certificate of Title (TCT), and a copy of your tax declaration. The exact requirements may vary slightly by bank and borrower type — OFWs, self-employed applicants, and salaried employees each have slightly different document checklists. Nook will send you a personalised document checklist once you start your application.
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