Compare current interest rates from all major Philippine banks and discover how much you could save by refinancing today.
POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Home loan interest rates in the Philippines vary significantly across banks, with current rates ranging from 5.99% to over 10% annually. Major banks like BDO, BPI, Metrobank, and Security Bank each offer different rate structures, promotional periods, and eligibility requirements. Understanding these differences is crucial for homeowners looking to secure the best possible financing terms.
Many Filipino homeowners secured their mortgages when rates were higher, often paying between 7% to 10% on loans that still have 15-20 years remaining. With competitive rates now available as low as 5.99%, refinancing to a lower rate can result in substantial monthly savings and reduced total interest costs over the loan's lifetime.
Market conditions, BSP policy changes, and individual bank strategies all influence current home loan rates. Regular comparison shopping and staying informed about rate trends helps borrowers identify optimal refinancing opportunities and secure better terms than their existing loans.
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
Interest rates vary frequently and depend on your loan profile, but competitive rates currently start from 5.99% through select lenders. Major banks like BPI, BDO, and Metrobank regularly adjust their rates based on market conditions and BSP policies.
Banks typically review and adjust their home loan rates monthly or quarterly, though some promotional rates may change more frequently. Variable rates tied to BSP policy rates can fluctuate with monetary policy announcements throughout the year.
Your interest rate depends on credit score, income stability, loan-to-value ratio, employment type, and relationship with the bank. Borrowers with stronger financial profiles typically qualify for lower rates and better terms.
Promotional rates can offer significant initial savings, but always evaluate the rate after the promotional period ends. Calculate total costs over your remaining loan term to determine if the promotion provides genuine long-term value.
Nook's platform provides real-time rate comparisons across major Philippine banks, eliminating the need to check each bank individually. We also offer alerts when rates drop below your current loan rate, helping you identify refinancing opportunities.
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