If you have a DBP housing loan, there's a good chance you're paying 2–4% more than you need to. Nook can help you refinance to as low as 5.99% p.a. — for free.
DBP BORROWER SAVINGS ESTIMATE
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Why this matters
DBP (Development Bank of the Philippines) offers housing loans as part of its mandate to support Filipino borrowers, but like most government-linked banks, its rates tend to be repriced infrequently — meaning long-time borrowers often end up stuck on rates that no longer reflect the broader market. If your DBP housing loan is a few years old and you haven't revisited your interest rate, you could be paying significantly more than what's available elsewhere. Check today's mortgage interest rates in the Philippines to see how your current rate compares.
Refinancing your DBP housing loan means moving your outstanding balance to a new lender offering a lower rate — and the savings can be substantial. On a 3,000,000 loan with 20 years remaining, dropping from 8.50% to 5.99% cuts your monthly payment by nearly 4,000 pesos. Over the life of the loan, that's well over 700,000 pesos staying in your pocket instead of going to the bank. Nook works with all major Philippine banks — including BDO, BPI, Security Bank, Metrobank, and more — to find the best refinance offer for your specific situation.
The best part? Nook's service is completely free for borrowers. We handle the comparison, the paperwork coordination, and the bank negotiations on your behalf. You don't pay a single peso for our service — we're compensated by the bank you choose, not by you. Whether your DBP loan is on a fixed or variable rate, and regardless of how many years you have left, it's worth finding out if refinancing makes sense. Most homeowners who check are surprised by how much they can save.
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, you can refinance your DBP housing loan to any accredited private bank in the Philippines, including BDO, BPI, Security Bank, Metrobank, and others. The new bank pays off your existing DBP balance and takes over as your lender at the new, lower rate. There are no restrictions on moving from a government-linked bank to a private lender.
Savings depend on your outstanding balance, remaining term, and the rate gap between your current DBP loan and the best available refinance rate. On a 3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% saves around 3,900 pesos per month — or roughly 700,000 pesos over the life of the loan. Nook can give you a personalised savings estimate based on your actual loan details.
You'll typically need your DBP loan statement of account (showing your outstanding balance and interest rate), proof of income such as payslips or ITR, your property title (TCT or CCT), tax declaration, and valid government-issued IDs. The exact requirements vary by bank, but Nook will walk you through the full checklist once we identify the best lender for you.
There are standard third-party fees involved in any mortgage refinancing — these include notarial fees, registration fees, and appraisal costs, typically ranging from 30,000 to 80,000 pesos depending on your property and loan size. However, Nook's brokerage service is 100% free to you as the borrower. Given the monthly savings most borrowers achieve, the break-even on upfront costs is usually reached within 12–18 months.
The refinancing process in the Philippines typically takes 6 to 10 weeks from application to loan release, depending on the receiving bank and how quickly documents are submitted. Nook helps streamline this by preparing your application package and coordinating directly with the bank on your behalf. During this time, you continue making your regular payments to DBP until the refinance is fully completed.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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