Filipino homeowners are saving thousands every month by refinancing to rates as low as 5.99% p.a. Compare the lowest housing loan interest rates across BDO, BPI, Security Bank, and more — then apply through Nook for free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
With Philippine banks adjusting their mortgage rates regularly, the difference between your current rate and what's available today can be surprisingly large. Most homeowners who took out a loan between 2018 and 2023 are locked into rates of 7.5% to 10% — well above the 5.99% p.a. now available through Nook. On a 3,000,000-peso loan with 20 years remaining, that gap translates to over 3,000 pesos in unnecessary extra payments every single month. Use our home loan refinance calculator to see exactly how much your specific loan could save.
Comparing housing loan rates across Philippine banks is more complicated than it looks. BDO, BPI, Metrobank, Security Bank, and others all offer different fixed-rate periods, repricing terms, and fee structures. A headline rate of 6.5% with a 1-year fixed period can easily end up costing more than a 6.75% rate fixed for 3 years, depending on where rates move. Nook cuts through the confusion by doing the comparison for you — across multiple lenders simultaneously — so you always know you're getting the genuinely lowest available rate, not just the one your current bank happens to be promoting. Before you apply, it's worth understanding what documents and eligibility criteria Philippine banks require so you're prepared from the start.
Refinancing your housing loan in the Philippines is one of the most impactful financial moves you can make as a homeowner — but only if you act before your fixed-rate period locks you in again at a higher repriced rate. Nook's service is completely free to borrowers: no broker fees, no hidden charges, and no obligation. Our team handles the paperwork, coordinates with the bank, and guides you through every step of the process. The average Nook client goes from inquiry to approval in weeks, not months.
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
As of 2026, the lowest housing loan refinance rate available through Nook is 5.99% per annum. This rate is offered to qualified borrowers refinancing existing home loans, and availability depends on loan amount, remaining term, and the borrower's credit profile. Rates across major banks like BDO, BPI, and Security Bank currently range from approximately 5.99% to 8.5% depending on the fixed-rate period chosen.
There is no single 'best' bank — the lowest rate for your specific situation depends on your loan amount, property location, employment type, and how long you want your rate fixed. Security Bank, BPI, and BDO are frequently competitive, but Nook compares offers from multiple lenders simultaneously to find the one that gives you the lowest total cost, not just the lowest headline rate.
On a 3,000,000-peso loan with 20 years remaining, switching from 8.50% to 5.99% saves over 3,000 pesos per month — more than 550,000 pesos over the life of the loan. Your actual savings depend on your outstanding balance, remaining term, and the rate difference. You can calculate your exact figures using Nook's home loan refinance calculator.
Refinancing does involve some one-time costs — typically appraisal fees, documentary stamp tax, registration fees, and in some cases a penalty from your existing bank if you're within a lock-in period. However, Nook's brokerage service itself is completely free to borrowers. Most homeowners recover their refinancing costs within 12 to 18 months through monthly savings, making it worthwhile in most scenarios.
Yes, it is possible to refinance a Pag-IBIG housing loan to a private bank if you qualify under the bank's credit requirements. This can make sense if your remaining balance is large and the bank's rate is significantly lower than what Pag-IBIG offers at repricing. Nook can assess whether this move makes financial sense for your specific loan and guide you through the eligibility requirements involved.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →