If you have a home loan with the Development Bank of the Philippines, you could be paying significantly more than necessary. Nook can help you refinance to rates as low as 5.99% p.a. — completely free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
DBP (Development Bank of the Philippines) has historically served borrowers in the government, agriculture, and infrastructure sectors, but its home loan rates are not always the most competitive on the market. Many DBP mortgage holders find themselves locked into rates of 8% to 9% or higher — rates that made sense when they signed, but look very different compared to what private banks and digital brokers like Nook can offer today. If your loan has been running for a few years and your property has appreciated in value, you are in a strong position to refinance and significantly reduce your monthly outgoings.
Refinancing your DBP home loan through Nook means we do the hard work for you — comparing live rates from over a dozen Philippine banks so you don't have to approach each one individually. The process is fully digital, requires no upfront fees, and our mortgage specialists will walk you through every step from application to approval. To understand how your potential new rate compares to what other lenders are currently offering, take a look at our guide to current mortgage interest rates in the Philippines before you decide.
The table above illustrates what a borrower with a 3,000,000 peso loan balance and roughly 20 years remaining could save by switching from an 8.50% DBP rate to 5.99% through Nook. That is over 4,500 pesos back in your pocket every single month — money that compounds into life-changing savings over the remaining life of your loan. There are no tricks and no hidden costs. Nook is 100% free to borrowers because we are compensated by the bank you choose, not by you.
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. Refinancing from DBP to a private commercial bank like BDO, BPI, Security Bank, or Metrobank is a straightforward and common process in the Philippines. Nook works with all major private lenders and can identify which bank will offer you the most competitive rate based on your loan profile, property type, and location.
It depends on your outstanding balance and current rate, but borrowers on typical DBP rates of 8% to 9% refinancing to 5.99% on a 3,000,000 peso loan can save upwards of 4,000 to 5,000 pesos per month. Over a 20-year remaining term, that can add up to more than 800,000 pesos in total interest savings.
DBP may charge a pre-termination or early payoff fee depending on your loan contract terms, though policies vary. Before you proceed, Nook recommends reviewing your original loan agreement or contacting DBP directly to confirm whether a penalty applies and what the exact amount is — this affects whether refinancing makes financial sense right now.
Typical requirements include your latest DBP loan statement, a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), proof of income such as payslips or ITR, valid government-issued IDs, and your latest tax declaration and real estate tax receipts. Your Nook specialist will give you a precise checklist once you submit your initial details. If you are considering BPI as your new lender, our BPI housing loan requirements guide gives a detailed breakdown of what to prepare.
From your first inquiry to loan release, the refinancing process typically takes between 30 and 60 days, depending on how quickly documents are submitted and how fast the receiving bank processes the application. Nook keeps the process moving by coordinating directly with the bank on your behalf, so you avoid unnecessary back-and-forth or delays from missing paperwork.
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