See current home loan interest rates from BDO, BPI, Metrobank, Security Bank, and more — then find out if you qualify for a rate as low as 5.99% p.a. through Nook, completely free.
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Why this matters
Filipino homeowners shopping for a home loan in 2026 face a crowded and often confusing market. Banks like BDO, BPI, Metrobank, Security Bank, PNB, RCBC, UnionBank, Chinabank, PSBank, and EastWest Bank all offer home loan products — but each has different fixing periods, repricing terms, and fees that make direct comparison surprisingly difficult. Most borrowers end up picking a bank they already use, not necessarily the one offering the best deal. That gap between convenience and value can cost you hundreds of thousands of pesos over the life of your loan. If you want to see how much you could save by switching, try the home loan refinance calculator to run the numbers in minutes.
The single most important number in any home loan is the interest rate — yet many homeowners have no idea what rate they're currently paying, especially after their initial fixed period has ended and the loan has repriced upward. If your home loan is more than two years old, there's a strong chance your rate has climbed to somewhere between 8% and 10% p.a. Refinancing to 5.99% p.a. through Nook on a 3,000,000 peso loan with 20 years remaining could reduce your monthly payment by nearly 4,000 pesos and save you close to 700,000 pesos in total interest. Understanding where Philippine home loan interest rates are heading can help you decide whether now is the right time to lock in a lower rate.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We compare offers from multiple banks simultaneously so you don't have to negotiate with each one individually. We handle the paperwork, coordinate with your chosen bank, and guide you through every step of the process. There are no broker fees and no obligation to proceed — just a clearer picture of what's available to you in today's market.
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 regularly and vary based on loan amount, fixing period, and borrower profile, so no single bank is always the cheapest. The best approach is to compare live offers across multiple banks at the same time — which is exactly what Nook does for free. Rates as low as 5.99% p.a. are currently available through our panel of partner banks.
Most Philippine banks are currently offering initial fixed rates in the range of 6.5% to 9% p.a. for standard home loans, depending on the fixing period chosen. However, many existing borrowers are paying higher rates because their loan has already repriced after an initial fixed period expired. If you haven't checked your current rate recently, it's worth reviewing your latest bank statement.
When you take out a home loan in the Philippines, you typically choose a fixed-rate period — commonly 1, 2, 3, or 5 years — after which the bank reprices your loan at whatever the prevailing rate is at that time. This means a loan that started at a competitive rate can quietly become expensive without you noticing. Refinancing before or shortly after repricing is one of the most effective ways to reduce your total interest cost.
Yes, refinancing does involve some closing costs, typically including an appraisal fee, documentary stamp tax, registration fees, and sometimes a bank processing fee. These costs are generally recoverable within 12 to 24 months of lower monthly payments. You can read a full breakdown in our guide to home loan refinance closing costs in the Philippines.
The typical requirements include a valid government ID, proof of income (payslips or ITR for employed borrowers, financial statements for self-employed), your existing loan statement of account, and the title and tax declaration of the property. The full checklist depends on your bank and employment type — see our detailed guide to home loan refinance requirements in the Philippines for everything you'll need to prepare.
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