Compare monthly payments across BDO, BPI, Security Bank, and more — then see how much you could save by refinancing to as low as 5.99% p.a. through Nook, completely free.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
A home loan Philippines calculator helps you estimate your monthly amortisation based on your loan amount, interest rate, and remaining term. But knowing your current payment is only half the picture — the real question is whether you're paying more than you need to. Most Filipino homeowners with loans from BDO, BPI, Metrobank, or Security Bank are currently on rates between 7% and 10% p.a., especially if they haven't repriced or refinanced in the last few years. Even a 2–3 percentage point difference on a 3,000,000 loan can mean thousands of pesos in savings every single month. Use our home loan refinance calculator to see exactly how much your current rate is costing you.
Nook is the Philippines' first digital mortgage broker, and we work with all major banks to find you the lowest refinance rate available — currently as low as 5.99% p.a. Our service is 100% free to borrowers. We handle the bank comparisons, paperwork coordination, and rate negotiations on your behalf, so you don't have to call multiple banks or guess which one will give you the best deal. Before you apply, it helps to understand what's required — check out our guide on home loan refinance requirements in the Philippines so you can prepare your documents in advance.
Whether you're with a private bank, a cooperative, or Pag-IBIG, refinancing could be one of the most impactful financial decisions you make as a homeowner. On a 3,000,000 loan at 8.50% with 20 years remaining, switching to 5.99% saves over 700,000 pesos across the life of the loan. The calculator above gives you a personalised estimate — and if the numbers make sense, Nook can help you act on them within days, not months.
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 reducing-balance amortisation. It assumes a fixed rate for the chosen period, which is how most Philippine bank home loans are structured. Keep in mind that after your fixed-rate period ends, your rate will be repriced — which is often when refinancing makes the most sense.
Rates change frequently and vary based on your loan amount, term, and credit profile, so no single bank is always the cheapest. Banks like BPI, Security Bank, RCBC, and Chinabank have all offered competitive rates at different times. The best approach is to let Nook compare current offers from multiple banks simultaneously — it's free and takes the guesswork out of the process.
Yes — simply enter your current outstanding loan balance as the loan amount, your current interest rate, and your remaining loan term to see your current monthly payment. Then change the interest rate to 5.99% to see what your payment could be with Nook's best available refinance rate. The difference is your potential monthly savings.
There are typically some closing costs involved in refinancing, such as appraisal fees, documentary stamp tax, and registration fees — but these are usually a one-time cost that is far outweighed by the long-term interest savings. Nook's service itself is completely free to borrowers. For a full breakdown, read our guide on home loan refinance closing costs in the Philippines.
The refinancing process typically takes 4 to 8 weeks from application to loan release, depending on the bank and how quickly you can submit your documents. Nook streamlines this by guiding you through each step and liaising directly with the bank on your behalf. Having your documents ready in advance — such as your title, tax declaration, and income documents — can significantly speed things up.
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