Thousands of BDO home loan borrowers are paying 7% or more when they could be refinancing to rates as low as 5.99% p.a. — find out how much you could save in minutes, for free.
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Why this matters
If you took out a BDO home loan two, three, or five years ago, there's a strong chance your current interest rate no longer reflects what the market can offer you today. Many BDO borrowers locked in rates between 7% and 9% during earlier fixed-rate periods, and when those terms expired, they rolled onto rates that quietly kept their monthly payments high. Refinancing your BDO home loan means replacing your existing loan with a new one at a lower rate — either staying with BDO under better terms or switching to another lender entirely. The result is a lower monthly payment, more cash in your pocket, and significant savings over the remaining life of your loan. If you're curious how BDO's rates stack up against competitors, see our BDO vs BPI housing loan interest rates comparison for a side-by-side breakdown.
Through Nook, you can refinance your BDO home loan entirely online — no need to visit a bank branch or hire a broker. Nook is the Philippines' first digital mortgage broker, and its service is completely free to borrowers. Nook works with BDO as a verified partner bank, meaning you get access to BDO's current refinance rate of 6.00% p.a. on a 1-year fixed term, with approval typically within 30 days. BDO accepts borrowers across a wide range of employment types including salaried employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals — with a minimum monthly income requirement of 50,000. Whether your goal is to lower your monthly amortisation, unlock home equity, or fund a renovation, refinancing through Nook gives you access to competitive terms without the paperwork headache.
On a 3,000,000 loan with a remaining term of 20 years, switching from a 7.50% rate to 6.00% reduces your monthly payment from approximately 27,816 down to 23,957 — a difference that adds up to real, lasting savings over time. The process starts with a free assessment on Nook's platform, where you enter your loan details and get a personalised comparison across multiple lenders in minutes. There are no hidden fees, no obligations, and no pressure. Interest rates are subject to change, so it's worth locking in a competitive rate sooner rather than later. Note that all rates shown are indicative — borrowers should verify current rates directly with their lender or through Nook before making any financial decisions.
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 allows you to move your home loan from BDO to another lender if they offer better rates or terms. Through Nook, you can compare BDO's refinance rate against multiple partner banks and choose whichever option saves you the most — the switch is handled end-to-end through the platform at no cost to you.
BDO's typical loan approval timeline is around 30 days from the date of complete document submission. This can vary depending on property type, your income documentation, and how quickly requirements are submitted. Nook helps you prepare your documents correctly upfront, which reduces the risk of delays.
Standard requirements typically include a valid government-issued ID, proof of income (payslips, ITR, or business documents for the self-employed), your existing loan statement of account, and property documents such as the title and tax declaration. Nook provides a personalised checklist based on your employment type so you know exactly what to prepare.
BDO may charge a prepayment penalty if you refinance during a fixed-rate lock-in period, which typically lasts for the duration of your chosen fixed term. It's important to check your loan agreement or contact BDO directly to confirm any applicable charges. In many cases, the long-term savings from a lower rate still outweigh the one-time penalty cost.
Nook earns a referral fee from the bank when a loan is successfully processed — similar to how a traditional broker works, but without passing any cost to you. As the borrower, you pay nothing for Nook's service, and you still get access to the same bank rates you would applying directly. You also benefit from Nook's guidance throughout the application process, which most banks don't provide on their own.
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