Filipino homeowners are leaving thousands of pesos on the table by staying with their original bank rate. Nook compares housing loan interest rates from all major banks so you can lock in the lowest rate available — completely free.
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Why this matters
Finding the lowest housing loan interest rate in the Philippines has never been more important — or more confusing. With over a dozen major banks each offering different fixed-rate periods, repricing schedules, and loan structures, comparing BDO vs BPI vs Metrobank vs Security Bank on your own is a full-time job. Most homeowners simply stick with whatever rate their bank assigns them at repricing, often jumping from an introductory rate to something far steeper without realising the long-term cost. Use Nook's home loan refinance calculator to see exactly how much you could save by switching to a lower rate today.
The best housing loan interest rates in the Philippines in 2026 start as low as 5.99% per annum — but not every borrower knows they qualify, and not every bank will proactively offer you their most competitive product. That's where Nook comes in. As the Philippines' first digital mortgage broker, Nook submits your profile to multiple lenders simultaneously and surfaces the best offer for your specific loan balance, property type, and income situation. There are no broker fees charged to you — Nook is paid by the bank, not the borrower. Before you apply, it's worth reviewing the home loan refinance requirements in the Philippines so you know what documents to prepare in advance.
Whether your current loan is with BDO, BPI, Metrobank, RCBC, PNB, UnionBank, Chinabank, EastWest, PSBank, Robinsons Bank, or even Pag-IBIG, Nook can assess whether refinancing makes financial sense for you. On a 3,000,000 peso loan, moving from an 8.50% rate to 5.99% saves over 46,000 pesos per year — and nearly 700,000 pesos across the remaining life of a 20-year loan. That's real money that stays in your pocket, not your bank's.
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 frequently and vary by loan amount, term, and borrower profile, so no single bank is always cheapest for everyone. The lowest rate currently available through Nook is 5.99% per annum, but the best rate for you depends on your specific situation. Nook compares offers from BDO, BPI, Metrobank, Security Bank, RCBC, PNB, UnionBank, and more to find your personal best match.
On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% reduces your monthly payment by roughly 3,866 pesos — that's over 46,000 pesos saved in the first year alone. Over the full loan term, total interest savings can approach 700,000 pesos. Your exact savings depend on your outstanding balance and remaining term, which you can calculate using Nook's free refinance calculator.
For most homeowners, yes — especially if your current rate is 7.5% or higher and you have more than 10 years remaining on your loan. Refinancing does involve some closing costs such as appraisal fees and documentary stamp tax, but these are typically recovered within 12 to 24 months of lower monthly payments. Nook will show you a clear break-even analysis so you can make an informed decision before committing.
No — Nook's service is 100% free to the borrower. Nook is compensated directly by the bank when a loan is successfully placed, the same way a traditional broker would be, but without any cost passed on to you. You get access to multiple bank offers, expert guidance, and full application support at zero cost.
The typical refinancing timeline in the Philippines ranges from 4 to 8 weeks from initial application to loan release, depending on the bank and how quickly documents are submitted. Nook streamlines the process by handling coordination with the bank on your behalf and alerting you to any missing requirements early. Having your documents ready in advance — payslips, ITR, title, and loan statement — can significantly speed things up.
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