Most Filipino homeowners are paying 7% to 10% interest on their home loan — our calculator shows you exactly how much you could save by switching to a better rate through Nook.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Shopping for the best home loan rate in the Philippines used to mean visiting multiple bank branches, sitting through long consultations, and waiting days for quotes. With Nook's home loan Philippines calculator, you can instantly estimate your monthly payment at any interest rate — and see exactly how much you'd save by refinancing to today's lowest available rate of 5.99% p.a. Whether your loan is with BDO, BPI, Metrobank, Security Bank, RCBC, or any other Philippine bank, the math works the same way: a lower rate means a lower monthly payment and thousands of pesos back in your pocket every year. Understanding how Philippine home loan interest rates have moved can help you decide whether now is the right time to act.
To use the calculator, enter your current loan balance, remaining term, and interest rate. The tool will show you your current monthly amortisation alongside what you'd pay at 5.99% — the best refinance rate currently available through Nook. The difference is your potential monthly savings. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% saves over 3,000 pesos every single month. That's more than 36,000 pesos a year, and over half a million pesos across the life of your loan. If you're ready to see your personalised numbers, try our dedicated refinance savings calculator which factors in your exact balance and remaining term.
Nook works with all major Philippine banks and lenders, comparing offers on your behalf so you don't have to negotiate alone. Our service is completely free for borrowers — Nook is paid by the bank when your refinance is approved, not by you. There are no hidden fees, no obligation, and no pressure. Once you see your savings estimate, a Nook mortgage specialist can walk you through your options, help you understand what documents and requirements you'll need, and handle the paperwork from application to approval.
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
The calculator uses standard amortisation formula to compute your monthly payment based on your loan balance, interest rate, and remaining term. Enter your current loan details to see your existing monthly payment, then compare it against Nook's best available rate of 5.99% p.a. to instantly see your potential savings.
Nook works with a wide panel of Philippine banks and lenders including BDO, BPI, Security Bank, Metrobank, RCBC, UnionBank, Chinabank, EastWest Bank, PNB, and more. We compare offers across the market and recommend the lender with the best rate and terms for your specific situation.
Yes, Nook's service is 100% free for borrowers. We earn a referral fee from the bank when your loan is successfully approved, which means you get expert guidance and full application support at no cost to you. There are no broker fees, no consultation charges, and no hidden costs.
Savings depend on your current rate, loan balance, and remaining term — but most Filipino homeowners refinancing through Nook save between 2,000 and 6,000 pesos per month. On a 3,000,000 peso loan moving from 8.50% to 5.99%, that's over 36,000 pesos saved in the first year alone. Use the calculator above to see your personalised estimate.
Refinancing typically involves one-time costs such as appraisal fees, documentary stamp tax, mortgage registration fees, and bank processing fees — usually totalling between 30,000 and 80,000 pesos depending on your loan size and lender. However, for most borrowers, these costs are recovered within the first few months of savings, making refinancing well worth it. See our full guide on home loan refinance closing costs in the Philippines for a detailed breakdown.
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