If you're paying 7% or more on your BDO home loan, you could be overpaying by thousands every month. Nook helps you refinance to as low as 5.99% p.a. — completely free.
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Why this matters
BDO is one of the Philippines' largest home loan providers, and many borrowers locked in their rates years ago — often at 8% to 10% per annum. If your fixed-rate period has ended or is about to expire, now is the right time to look at your options. Refinancing your BDO home loan means replacing your existing loan with a new one at a lower interest rate, either by switching to a new bank or by renegotiating directly. Through Nook, you can compare offers from multiple partner banks and find the best rate available to you — at no cost to you whatsoever. BDO is also a Nook partner bank, offering a competitive 1-year fixed rate of 6.00% p.a. with a minimum monthly income requirement of just PHP 50,000 and typical approval in around 30 days.
The refinancing process in the Philippines typically involves submitting income documents, property titles, and loan statements to your new lender, who then pays off your existing loan and takes over as your new bank. While this may sound complicated, Nook handles the coordination for you — from document preparation to bank submission — so you can focus on what matters. If you want to understand the full documentation and step-by-step process involved, our detailed guide to the BDO home loan refinance process walks you through every stage from application to loan release.
It's worth noting that refinancing isn't just about switching away from BDO — for some borrowers, staying with BDO at a repriced rate may still be the right call. Nook will always show you the most competitive option across all partner banks, including BDO itself. Whether you end up switching banks or not, the goal is the same: lower your monthly payment, reduce your total interest cost, and make your home loan work harder for you. Interest rates are subject to change, so we recommend checking the latest BDO refinance rates and comparing them against other lenders before making a decision. Always verify current rates with the bank 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, you can refinance your BDO home loan with any bank that accepts refinancing applications, including Nook's other partner banks. The new bank pays off your existing BDO loan and becomes your new lender at a lower interest rate. Nook helps you compare offers from multiple banks so you get the best deal available to you.
On a PHP 3,000,000 loan with 20 years remaining, switching from 8.50% to 6.00% p.a. could reduce your monthly payment by around PHP 3,900 — that's over PHP 46,000 in savings every year. Your actual savings depend on your outstanding balance, remaining term, and the rate you qualify for. Use Nook's free calculator to get a personalised estimate.
You'll typically need a government-issued ID, proof of income (payslips or ITR for the past two years), a copy of your Transfer Certificate of Title (TCT), the latest Statement of Account from BDO, and proof of billing. Employed borrowers, self-employed professionals, and OFWs each have slightly different document requirements depending on the lender.
There are standard bank fees involved in any refinancing — including appraisal fees, processing fees, and notarial charges — but Nook's broker service is 100% free to you. You should also check whether your current BDO loan has a pre-termination penalty, especially if you're still within a fixed-rate period. Nook will help you factor all costs in so you can see your true net savings.
The typical refinancing process in the Philippines takes 30 to 60 days from application to loan release, depending on the receiving bank and how quickly documents are submitted. BDO as a receiving bank typically completes approval in around 30 days. Nook streamlines the process by helping you prepare your documents correctly the first time, which significantly reduces back-and-forth delays.
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