Thousands of Filipino homeowners are still paying 8% or more on their BDO home loan — Nook can help you refinance to as low as 5.99% p.a. for free.
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Why this matters
BDO Unibank is one of the Philippines' largest home loan providers, and many homeowners took out their loans when interest rates were significantly higher. If your current BDO home loan is locked in at 8% or above, you may be paying thousands of pesos more every month than you need to. Refinancing — either within BDO or by transferring to another lender — is one of the most effective ways to reduce your monthly burden without selling your home. As a Nook partner bank, BDO offers competitive refinance rates starting at 6.00% p.a. on a 1-year fixed term, making it a strong option whether you're staying or switching.
The refinancing process involves paying off your existing loan with a new one that carries a lower interest rate, better terms, or both. Through Nook, you can compare BDO's refinance offer alongside other leading Philippine banks — all in one place, completely free. Nook's licensed mortgage brokers handle the paperwork, coordinate with the banks, and guide you through every step so you don't have to navigate it alone. If you want to understand exactly what's involved, our BDO home loan refinance step-by-step guide walks you through the full process, from eligibility to approval.
Eligibility for BDO refinancing generally requires a minimum monthly income of ₱50,000, a debt-to-income ratio of no more than 40%, and employment in any of a wide range of categories including private sector, government, BPO, OFW, self-employed, and licensed professionals. Typical approval takes around 30 days. Whether BDO ends up being your best option or another bank offers you a sharper rate, Nook does the comparison for you — and you only pay when (and if) your loan closes. Interest rates are subject to change, so it's worth checking current offers through Nook before making any 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, BDO does offer internal refinancing for existing borrowers, which can be a simpler process since your property is already on file with the bank. However, it's still worth comparing BDO's offer against other lenders, as a competing bank may offer you a lower rate or better terms. Nook can run that comparison for you at no cost.
As a Nook partner bank, BDO currently offers a 1-year fixed refinance rate of 6.00% p.a. This is significantly lower than the 8–10% many existing borrowers are paying, and could translate to substantial monthly savings depending on your outstanding balance. Rates are subject to change, so we recommend verifying the latest offers through Nook.
BDO's typical loan approval timeline is around 30 days from submission of complete documents. The full process — including releasing funds to your current lender and transferring the mortgage — can take a few weeks beyond that. Nook's brokers help you prepare a complete application upfront to avoid delays.
No — Nook's service is completely free for borrowers. Nook earns a referral fee from the bank when your loan is successfully released, so there's no charge to you at any stage of the process. You get expert broker support, bank comparisons, and document assistance at zero cost.
Standard requirements 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. For a detailed breakdown, check out our complete guide on BDO refinance requirements and how to apply. Nook will give you a personalised checklist once you submit your details.
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