We compared housing loan rates across every major Philippine bank so you don't have to. Right now, the lowest rate available is 5.99% p.a. through Nook, not your current bank.
WHAT REFINANCING COULD SAVE YOU
No commitment. No credit check. Just your numbers.
Why this matters
Every bank in the Philippines advertises a "lowest rate" — but it's almost always a teaser rate for the first year, buried in fine print, and only available to new borrowers with pristine credit and 20% down. BDO, BPI, Metrobank, Security Bank, and RCBC all play the same game: attractive headline numbers that reset higher once your fixing period ends. The real story is what you're paying in year three, four, or five, and for most homeowners, that number has quietly crept up to 8-10%.
Here's the uncomfortable truth: the lowest housing loan interest rate in the Philippines right now isn't from any single bank waving a flag. It's whichever lender is competing hardest for your specific loan profile at this exact moment, and that changes monthly. Comparing rates one bank at a time means you're always working with stale information, because banks don't publish real-time rates and their loan officers have every incentive to keep you in the dark about better deals elsewhere.
Nook solves this by scanning offers across BDO, BPI, Metrobank, Security Bank, RCBC, Chinabank, PSBank, UnionBank, and more, all at once, matched to your actual loan. The best rate we're currently placing borrowers into is 5.99% p.a. — a full two to four points below what most Filipinos are stuck paying. The service costs you nothing, because Nook gets paid by the bank, not by you.
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
There's no single permanent answer — it shifts month to month based on which bank is trying to grow its portfolio. As of 2026, promotional rates from banks like Chinabank, PSBank, and RCBC often undercut the bigger players like BDO and Metrobank, but the lowest overall rate we're seeing across the market is 5.99% p.a. through refinancing, not a fresh purchase loan.
Usually not. Advertised rates are typically fixed for the first 1-3 years only, after which they reprice, often 2-4 points higher based on prevailing market rates. Always ask for the full repricing schedule, not just the teaser number, before comparing banks.
Occasionally, especially for high-value loans above ₱5 million or borrowers with strong banking relationships, but their standard published rates tend to run higher than smaller, more aggressive lenders. The biggest banks compete on brand trust and branch access, not necessarily on price.
The only reliable way is to get quotes from multiple banks simultaneously using the same loan details, since rates depend heavily on your loan amount, property location, and remaining term. Nook does this automatically and for free, surfacing the lowest real offer you currently qualify for instead of a generic advertised rate.
Yes — this is called refinancing, and it's completely legal and common in the Philippines once your loan is at least a year or two old. Nook handles the comparison and paperwork end-to-end at no cost to you, so switching to a lower rate doesn't cost anything upfront.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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