Stop guessing what your home loan should cost. Compare monthly payments across BDO, BPI, Metrobank, Security Bank, and 10 other Philippine banks in seconds — then find out if refinancing could save you thousands.
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Why this matters
Most Filipino homeowners take out a home loan and never look at it again. They assume the rate they signed up for is the rate they're stuck with — but that's rarely true. Banks reprice their loans every few years, and if your current rate is sitting anywhere between 7% and 10%, there's a good chance you're overpaying by tens of thousands of pesos every single year. A home loan Philippines calculator that only shows you one bank's numbers gives you just a fraction of the picture. To make a smart decision, you need to see how every major lender stacks up side by side — and that's exactly what Nook does for free.
Nook is the Philippines' first digital mortgage broker, and our multi-bank calculator pulls live refinance rates from BDO, BPI, Metrobank, Security Bank, PNB, RCBC, UnionBank, Chinabank, PSBank, EastWest Bank, Robinsons Bank, and Pag-IBIG all in one place. Enter your outstanding balance, remaining term, and current rate, and you'll instantly see which bank offers the lowest monthly payment and how much you could save over the life of your loan. The best refinance rate currently available through Nook is 5.99% p.a. — a rate most borrowers simply wouldn't find by walking into a single branch. If you want to understand how those numbers translate to real peso savings, our home loan refinance savings calculator breaks it down payment by payment.
Before you commit to anything, it helps to understand the full picture — not just the monthly payment, but the refinancing closing costs in the Philippines and what documents you'll need to qualify. Nook guides you through every step at no cost to you whatsoever. Our fee is paid by the bank, so you get expert mortgage advice and access to the most competitive rates in the market without spending a single peso. Whether you're five years into a BDO loan or just had your BPI rate repriced upward, run the numbers first — then let Nook help you act on them.
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
Rates change frequently and vary based on your loan amount, term, and creditworthiness, so there's rarely one single winner at any given time. Through Nook, the lowest refinance rate currently available is 5.99% p.a., but the best bank for you depends on your specific profile. Running a comparison through Nook's free tool takes about two minutes and shows you personalised offers from all major lenders at once.
Yes — in fact, that's exactly who this calculator is built for. If you took out a home loan with any Philippine bank in the last five to ten years, there's a strong chance you're paying a higher rate than what's available today. Enter your current loan details and see instantly whether switching lenders through refinancing would lower your monthly payment.
It used to be — lots of paperwork, branch visits, and weeks of waiting — but Nook has digitised the entire process. You submit your documents once and Nook handles the comparison, application, and bank coordination on your behalf. Most borrowers complete the process without ever needing to visit a bank branch.
There are standard closing costs involved in any refinancing, such as appraisal fees, documentary stamp tax, and registration fees — but Nook's brokerage service itself is completely free to you. The bank pays Nook's fee, which means you get access to professional mortgage advice and multiple bank offers at zero cost to you as the borrower.
The calculator uses standard amortisation formulas and the latest available rates from each participating bank, so the figures are a reliable guide for planning purposes. Keep in mind that your final rate may vary slightly based on your credit history, property appraisal, and the specific loan product you qualify for. Nook will confirm your exact rate once you submit a full application.
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