Use Nook's home loan refinance calculator to find out exactly how much you could save by switching to a lower rate — in seconds, for free.
SAMPLE SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
Most Filipino homeowners don't realise how much they're overpaying on their home loan until they actually run the numbers. If your current mortgage was fixed more than three years ago, there's a good chance your bank's repricing rate is now significantly higher than what's available in the market today. Nook's home loan refinance calculator lets you plug in your current loan balance, remaining term, and interest rate — and instantly see what your monthly payment could look like at 5.99% p.a., the best refinance rate currently available through Nook. Whether your loan is with BDO, BPI, Metrobank, Security Bank, or any other Philippine bank, the calculator works the same way.
Refinancing isn't just about a lower monthly payment — it's about redirecting thousands of pesos every year back into your household. For a 3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% saves over 3,000 pesos a month. That's school fees, emergency savings, or investment capital that was previously going straight to your bank. If you're currently on a Pag-IBIG loan and want to compare options, you might also find it helpful to compute your Pag-IBIG monthly amortisation side by side with private bank refinance rates to see which option gives you the best deal.
Nook's service is completely free for borrowers. We work with a panel of Philippine banks and lenders, compare their offers on your behalf, and handle the paperwork — so you don't have to negotiate with banks yourself or spend weeks gathering requirements. The calculator is your starting point: once you see your potential savings, Nook's team can help you move from estimate to approval. There's no obligation, no upfront fees, and no hidden charges at any stage of the process.
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 loan amortisation formula to estimate your monthly payment at your current rate versus Nook's best available refinance rate of 5.99% p.a. You enter your outstanding loan balance and remaining term, and it instantly shows you the difference in monthly repayments and total interest saved. It's designed to give you a realistic, side-by-side comparison so you can make an informed decision.
5.99% p.a. is the best rate currently available through Nook's panel of lenders, but the rate you qualify for depends on factors like your loan amount, property value, remaining term, and credit profile. Nook will shop your application across multiple banks and present you with the most competitive offer you're eligible for. Think of the calculator as a realistic best-case estimate to help you decide whether refinancing is worth exploring.
Nook works with a panel of major Philippine banks including BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, EastWest Bank, and more. Rather than applying to each bank individually, Nook compares their offers simultaneously and recommends the best fit for your situation. If you're curious about specific bank comparisons, you can also read about how Robinsons Bank and EastWest Bank stack up for refinancing.
Nook's service is 100% free for borrowers — there are no consultation fees, no application fees, and no charges at any stage of the process. Nook earns a referral fee from the bank once your loan is approved and disbursed, which means your interests and Nook's are fully aligned: we only succeed when you get a better deal. You keep all the savings.
The typical requirements include a valid government-issued ID, proof of income (payslips or ITR for the past two years), your existing loan's statement of account, and the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) for your property. Nook will guide you through the exact list based on your specific situation and the lender you're applying to, so you won't have to figure it out on your own.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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