Maria was overpaying BDO for six years without knowing it. Here's how one free application put back ₱18,000 a year in her pocket.
MARIA'S ANNUAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Maria, a 41-year-old marketing manager from Quezon City, took out her ₱2.8 million home loan with BDO back in 2018 at a fixed rate of 8.75%. Like most Filipino homeowners, she assumed her interest rate was simply what it was — non-negotiable, permanent, the cost of owning a home. She didn't think twice about it for six years, until a colleague mentioned refinancing her own loan through Nook and cutting her monthly payment significantly.
Skeptical but curious, Maria filled out Nook's free online assessment one evening after work. It took less than ten minutes. Within a day, she had a personalized estimate showing she could refinance into a new loan at 5.99% p.a. — dropping her monthly amortization from 24,754 to 21,254, a difference of 3,500 every single month. Over a year, that's 42,000 pesos she was leaving on the table simply by staying with her original bank.
What surprised Maria most wasn't the savings — it was how little effort it took. Nook handled the paperwork, compared offers from multiple banks on her behalf, and coordinated directly with BDO to close out her old loan. She didn't have to take a day off work or visit a single branch. Six weeks later, her new loan was in place, and she's now saving enough annually to cover her daughter's school fees for an entire semester.
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
Maria's situation is extremely common — thousands of Filipino homeowners are sitting on old loans with rates from 2018-2022 that no longer reflect what's available today. If your rate is above 7% and your loan is at least 2-3 years old, there's a strong chance you're in the same position she was.
From her initial online assessment to her new loan being finalized, the whole process took about six weeks. Most of that time was bank processing and documentation, not anything Maria had to actively manage — Nook coordinated the back-and-forth on her behalf.
No. Nook's service is 100% free for borrowers like Maria. Nook earns a fee from the partner bank once the refinance closes, so there's no cost, no catch, and no obligation to proceed if she didn't like her options.
She needed basic documents like her latest loan statement, proof of income, valid IDs, and property title copies. Nook gave her a simple checklist upfront so she knew exactly what to gather before submitting, which made the process much less stressful than she expected.
Yes — the percentage savings tend to hold up across different loan sizes, so someone with a ₱1.5 million loan or a ₱6 million loan could see proportionally similar reductions in their monthly payment. The best way to know your exact numbers is to get a free, no-obligation estimate from Nook.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →