If your BDO home loan is locked into a rate above 7%, you could be leaving thousands of pesos on the table every month. Nook compares banks for free and handles your refinance from application to approval.
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Why this matters
BDO is one of the Philippines' largest home loan providers, and many Filipinos took out their mortgage with BDO years ago when rates were higher. If you're still on that original rate — or if your fixed-rate period has ended and you've rolled onto BDO's prevailing rate — there's a strong chance you're now paying significantly more than you need to. Refinancing means taking out a new loan at a lower rate to pay off your existing one, and the savings over a 20-year term can run into the hundreds of thousands of pesos. Learn how switching banks and lowering your rate works in 2026 to understand what the full process looks like.
Through Nook, you can compare offers from multiple Philippine banks — including BDO itself — to find the most competitive rate available for your situation. The best refinance rate currently available through Nook is 5.99% p.a., and qualifying borrowers who switch from an 8.50% BDO rate on a 3,000,000 loan could save over 3,900 pesos every single month. That's money that stays in your pocket instead of going to interest. Nook's service is 100% free to borrowers — we're paid by the banks, not you — so there's no cost to finding out exactly how much you could save.
The refinancing process can feel daunting, especially if you've never done it before, but Nook's team guides you through every step: document preparation, bank submission, appraisal coordination, and loan release. See the full step-by-step refinance process, rates, and requirements so you know exactly what to expect before you start. Most refinances through Nook are completed within 30 to 45 days, and our advisors are available to answer questions at every stage. Please note that interest rates are subject to change — contact Nook to verify the latest rates available for your loan profile.
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. You are not locked into BDO permanently — you have the right to refinance your home loan to any bank offering better terms. The process involves your new bank paying off your outstanding BDO balance, and you then make repayments to the new lender at the lower rate.
The best refinance rate currently available through Nook is 5.99% p.a., subject to bank approval and your individual credit profile. Rates vary depending on your income, loan-to-value ratio, and the bank you qualify with — Nook compares multiple lenders to find the most competitive option for you. Always verify current rates directly, as they are subject to change.
Nook's broker service is completely free to borrowers — we are compensated by the banks, not by you. There are standard third-party costs involved in any refinance, such as appraisal fees, registration fees, and notarial fees, but you will not pay Nook anything for comparing banks or processing your application.
Most refinances handled through Nook are completed within 30 to 45 days from submission of complete documents. BDO, as a Nook partner bank, typically processes applications within approximately 30 days. The timeline can vary depending on document readiness, property appraisal scheduling, and bank processing queues.
You will typically need valid government-issued IDs, your latest income documents (payslips, ITR, or business financials for the self-employed), your existing BDO loan statement of account, and property documents such as the Transfer Certificate of Title and tax declaration. Nook provides a full document checklist and guides you through preparation so nothing gets missed.
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