Whether you're refinancing away from BDO or refinancing to BDO, Nook compares top Philippine banks to find you the lowest rate — completely free.
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Why this matters
BDO is one of the Philippines' largest and most trusted home loan providers — but that doesn't mean you're automatically getting the best rate. Many Filipino homeowners took out their BDO home loan several years ago when rates were higher, and have since been locked into a fixed rate that no longer reflects what's available in the market today. If your current BDO mortgage rate is above 7%, there's a strong chance refinancing could put thousands of pesos back in your pocket every month.
Refinancing with BDO as the destination bank is also worth considering. BDO offers a competitive 1-year fixed rate of 6.00% p.a. for refinancing borrowers, with a minimum monthly income requirement of ₱50,000 and approval typically within 30 days. BDO accepts a wide range of employment types — including private employees, government workers, BPO staff, OFWs, self-employed professionals, and more. For a full walkthrough of what to expect, see our guide on the BDO home loan refinance process, rates, and requirements.
Not sure whether BDO is the right bank to refinance to, or whether you should switch away? That's exactly what Nook is built for. As the Philippines' first digital mortgage broker, Nook compares BDO alongside other leading banks — BPI, Security Bank, Metrobank, RCBC, and more — so you can see your real options side by side. There are no broker fees, no obligations, and no pressure. If you want to understand what's involved in switching banks entirely, our guide to switching banks and lowering your rate is a good place to start. A free rate check with Nook takes less than 5 minutes.
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
BDO currently offers a 1-year fixed rate of 6.00% p.a. for home loan refinancing through Nook. This rate applies to both refinancing into BDO from another bank and to eligible BDO borrowers looking to restructure their loan. Note that interest rates are subject to change — always verify the current rate with Nook or BDO directly before making a decision.
Yes, you can refinance your existing BDO mortgage to another bank if that bank offers a lower rate or better terms. The new bank pays off your outstanding BDO balance and you begin repaying the new lender under the new agreement. Nook can compare multiple banks at once to help you find the best option for your situation.
To refinance to BDO, you'll typically need a minimum monthly income of ₱50,000, a debt-to-income ratio of no more than 40%, and a property that qualifies under BDO's accepted loan purposes (which include refinancing, renovation, home equity, and more). BDO accepts a wide range of employment types including salaried employees, self-employed professionals, OFWs, and government workers.
BDO's typical approval timeline for a home loan refinance is around 30 days, provided all required documents are submitted correctly and completely. Working with Nook can help streamline this process — our team guides you through the documentation requirements so there are no unnecessary delays.
No — Nook's service is completely free for borrowers. There are no broker fees, no application fees, and no hidden charges. Nook earns a referral fee from the bank only if your loan is successfully approved, so our incentive is entirely aligned with getting you the best outcome possible.
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