Use Nook's free home loan calculator to compute your borrowing power based on your salary, loan term, and preferred bank — then compare the best rates available in the Philippines today, starting from 5.99% p.a.
YOUR POTENTIAL MONTHLY SAVINGS
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Why this matters
For most Filipino homebuyers, a home loan is the biggest financial commitment they'll ever make — yet many don't know exactly how much they can borrow, or whether they're getting the best rate available. A home loan calculator gives you a clear, realistic picture of your monthly amortisation based on your gross monthly income, desired loan term, and the interest rate your bank is offering. Philippine banks typically allow your monthly amortisation to reach up to 30–35% of your gross monthly income, so your salary is the single biggest factor in determining how much you can borrow. Understanding this upfront helps you shop for a property with confidence and avoid surprises during the approval process.
But knowing your borrowing capacity is only half the equation. Just as important is the interest rate attached to your loan — because even a 1–2 percentage point difference can translate to hundreds of thousands of pesos over the life of your loan. Many homeowners who took out loans 3–5 years ago are still paying rates of 8% to 10%, when current home loan interest rate trends in the Philippines show that much lower rates are now available through refinancing. If you already have an existing home loan, it's worth running the numbers to see whether switching lenders could save you significantly on your monthly payments.
Whether you're a first-time buyer computing how much you can afford, or an existing homeowner wondering if you're overpaying, Nook makes the process simple and completely free. As the Philippines' first digital mortgage broker, Nook compares rates across BDO, BPI, Metrobank, Security Bank, RCBC, and more — so you don't have to approach each bank individually. If you're already paying a mortgage and want to see your potential savings, try our home loan refinance savings calculator to find out how much you could keep in your pocket every month.
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
A home loan calculator uses your loan amount, interest rate, and loan term to compute your estimated monthly amortisation using standard amortisation formula. Most Philippine banks also factor in your gross monthly income to check if your amortisation stays within the 30–35% debt-to-income ratio they require. Nook's calculator lets you adjust all these variables so you can find a loan structure that fits your budget.
As a general rule, Philippine banks will lend you an amount where the monthly amortisation does not exceed 30–35% of your gross monthly income. For example, if you earn 80,000 pesos per month, your maximum monthly amortisation would typically be around 24,000 to 28,000 pesos — which could support a loan of roughly 2,500,000 to 3,500,000 pesos over 20 years depending on the interest rate. Using a calculator like Nook's helps you quickly see how different loan amounts and terms affect your monthly payment.
Home loan interest rates in the Philippines currently range from around 5.99% to 9% per annum depending on the bank, loan term, and the borrower's credit profile. Rates are typically fixed for 1, 2, 3, 5, or 10 years before repricing. Through Nook, you can access the lowest available rates starting at 5.99% p.a. without approaching each bank individually.
Yes — refinancing allows you to transfer your outstanding home loan balance to a new bank offering a lower interest rate, which can significantly reduce your monthly payments. The process does involve some paperwork and closing costs, but for most borrowers the long-term savings far outweigh the upfront fees. You can learn more about what's involved in our guide to home loan refinance requirements in the Philippines.
Yes, Nook's service is 100% free for borrowers — you pay nothing to use the calculator, compare rates, or get matched with a bank. Nook earns a referral fee from the bank if your loan is approved, similar to how a real estate broker works. You get expert guidance and access to multiple lenders without any additional cost to you.
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