If you bought a DMCI Homes condo and your in-house or bank loan is now repricing, you could be paying thousands less every month. Nook helps DMCI homeowners refinance to rates as low as 5.99% p.a. — for free.
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Why this matters
DMCI Homes is one of the Philippines' most popular condo developers, with communities like Lumiere Residences in Pasig, Brixton Place in Kapitolyo, and Kai Garden Residences in Mandaluyong attracting thousands of homebuyers each year. Many residents initially financed their unit through DMCI's in-house financing or a bank loan arranged at the time of purchase — and those loans often come with rates that reprice upward after the fixed period ends. If your loan is now on a floating or repriced rate above 8%, you may be significantly overpaying each month.
Refinancing means taking out a new loan — typically with a different bank offering a more competitive rate — to pay off your existing mortgage. For a DMCI condo with an outstanding balance of around 3,000,000 pesos, moving from 8.50% to 5.99% could reduce your monthly amortisation by over 3,900 pesos. Over a 15-year remaining term, that adds up to more than 700,000 pesos in total savings. To understand how current bank rates compare before you apply, check out current mortgage interest rates in the Philippines so you can benchmark what you're paying now.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with BPI, BDO, Metrobank, Security Bank, RCBC, and other leading banks to find the best refinancing deal for your specific DMCI property and financial profile. Whether your unit is in Lumiere, Brixton, Kai Garden, or another DMCI community, we handle the legwork — from bank comparison to document preparation — so you don't have to. If you're considering which bank to refinance with, our guide to BPI housing loan requirements is a great place to start.
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, this is one of the most common refinancing scenarios in the Philippines. Once your DMCI unit has been fully turned over and the title is in your name (or in the process of being transferred), you can apply to refinance your in-house loan with a bank. Banks typically offer significantly lower interest rates than developer in-house financing, so the savings can be substantial.
Most major Philippine banks — including BDO, BPI, Metrobank, Security Bank, and RCBC — accept DMCI Homes condo units as collateral for housing loan refinancing. Eligibility also depends on the specific project, its location, and whether the condominium certificate of title (CCT) has been issued. Nook compares all eligible banks for your specific unit to find the best offer.
Savings depend on your outstanding balance, remaining term, and current interest rate. For a typical DMCI condo loan of around 3,000,000 pesos at 8.50%, refinancing to 5.99% could save over 3,900 pesos per month — that's more than 46,000 pesos a year. Use Nook's free calculator to get an estimate based on your actual loan details.
In most cases, yes — banks require a Condominium Certificate of Title (CCT) in your name before approving a refinancing application, as it serves as the collateral for the new loan. Some banks may accept units with titles still in process, but this is less common. If your CCT has been issued, you are generally eligible to apply for refinancing right away.
Yes, Nook's service is 100% free to borrowers. Nook earns a referral fee from the bank when your loan is successfully refinanced — similar to how a real estate broker earns a commission from the developer, not the buyer. You get expert guidance, bank comparison, and application support at no cost to you whatsoever.
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