Many Filipinos with a BDO 15-year housing loan are paying rates between 7% and 9% — significantly higher than the 5.99% refinance rates now available through Nook.
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Why this matters
BDO is one of the Philippines' most trusted home loan providers, and its 15-year fixed-rate housing loans remain a popular choice for Filipino homeowners who want predictable monthly payments over a medium-term horizon. However, the interest rate you locked in at the time of your original loan — often ranging from 7% to 9% or higher — may no longer reflect the competitive rates available in today's market. If your loan has been running for a few years and you have a good repayment track record, refinancing could unlock significant savings. You can review BDO's current home loan interest rates and refinancing options to understand where your existing rate stands against what's available now.
Refinancing a BDO housing loan through Nook means your application is submitted to multiple partner banks — including BDO itself — so lenders compete for your loan. Nook's partner banks offer rates starting at 5.99% p.a., and BDO's 1-year fixed rate through Nook is 6.00% p.a. On a ₱3,000,000 outstanding balance with 15 years remaining, even a 2-percentage-point reduction in your rate can translate to over ₱3,000 in monthly savings and hundreds of thousands saved over the life of the loan. Nook's service is completely free to borrowers — no broker fees, no hidden charges. Before you apply, it's worth checking the BDO housing loan requirements so you know what documents to prepare.
Timing matters when it comes to refinancing. The ideal window is usually when you still have a significant remaining balance and several years left on your term — both of which apply to most 15-year loan holders who are mid-repayment. Philippine banks typically require a minimum monthly household income of ₱50,000 and a clean credit history, but exact eligibility can vary. Nook's team will assess your situation and match you with the best available offer, saving you the hassle of approaching each bank individually. Interest rates are subject to change, so we always recommend verifying current rates directly with your lender or through Nook before making a decision.
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's 1-year fixed housing loan rate through Nook is currently 6.00% p.a., which is among the most competitive rates available in the market. However, rates are subject to change and may vary based on your loan amount, income profile, and the prevailing rate at the time of your application. We recommend verifying the latest rates directly through Nook before applying.
A fixed rate gives you the security of knowing exactly what your monthly payment will be for the lock-in period — typically 1, 2, 3, or 5 years — which makes budgeting much easier. After the fixed period ends, the rate typically reprices based on prevailing market rates, which is often when refinancing becomes most attractive. If your current rate is repricing soon, that's an ideal time to compare offers through Nook.
Yes — having 15 years remaining on your loan is actually one of the best times to refinance, because the interest savings compound over a longer remaining term. Most banks, including BDO, allow refinancing as long as you meet income and credit requirements and your loan is in good standing. Nook can help you check your eligibility for free and submit your application to multiple lenders simultaneously.
The savings depend on your current rate, outstanding balance, and the new rate you qualify for. For example, on a ₱3,000,000 balance with 15 years remaining, refinancing from 8.00% to 6.00% could save you over ₱3,000 per month and more than ₱700,000 over the remaining loan term. Use Nook's free calculator or speak with a Nook advisor to get a personalised savings estimate based on your actual loan details.
No — Nook's mortgage brokering service is completely free for borrowers. Nook earns a referral fee from the bank, not from you, so there is no cost to getting matched with better rates and submitting your refinance application. You benefit from expert guidance and access to multiple bank offers without paying anything out of pocket.
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