If you have a home loan with PBCOM Bank, you could be paying thousands more per month than necessary. Nook helps you switch to a better rate — completely free.
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Why this matters
Philippine Bank of Communications (PBCOM) offers home loans, but like many mid-sized Philippine banks, their rates can climb significantly after the initial fixed period ends. Many PBCOM borrowers find themselves locked into rates of 8% to 9.5% or higher — rates that made sense when they first signed up but now look expensive compared to what the broader market offers. If your loan has repriced in the last year or two and your monthly payments have jumped, refinancing could be the most impactful financial move you make in 2025.
Refinancing means taking out a new home loan — typically with a different bank — to pay off your existing PBCOM balance. Because your new lender charges a lower interest rate, your monthly repayment drops immediately. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% down to Nook's best available rate of 5.99% could save you nearly 4,000 pesos every single month. Over the full remaining term, that adds up to well over 700,000 pesos in total interest savings. You can check how your rate stacks up against the rest of the market by reviewing current mortgage interest rates in the Philippines before you decide.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, and other leading banks to find you the most competitive refinancing offer available. There are no broker fees, no hidden charges, and no obligation to proceed. If you're considering which bank to refinance into, our guides on BPI housing loan requirements can help you understand what to prepare. Simply submit your details and we'll handle the comparison, paperwork coordination, and bank negotiations on your behalf.
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
Yes, but you should check your loan contract for any prepayment or early settlement penalties, as PBCOM may charge a fee if you exit before your fixed period ends. In many cases, the long-term interest savings from refinancing still outweigh the exit cost — Nook can help you run this calculation. We recommend requesting your outstanding balance and repricing schedule from PBCOM before starting the process.
The typical refinancing timeline in the Philippines is 30 to 60 days from application to loan release, depending on the bank you refinance into and how quickly documents are submitted. Nook streamlines this process by guiding you through document preparation and liaising with the new bank directly. Starting your application early means you can lock in a better rate before your current PBCOM fixed period expires.
You will generally need your PBCOM loan statement showing the outstanding balance, your Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), recent payslips or proof of income, a valid government-issued ID, and a copy of your latest Tax Declaration. Nook will provide you with a complete checklist tailored to your chosen receiving bank. Having these documents ready in advance significantly speeds up the approval process.
No — Nook's service is completely free for borrowers. We are compensated by the banks we work with, similar to how a real estate broker earns from the seller rather than the buyer. You receive expert mortgage advice, bank comparison, and application support at zero cost to you.
Nook works with a wide panel of Philippine banks including BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, PSBank, EastWest Bank, and Robinsons Bank, among others. The best option for you will depend on your loan amount, income profile, and property type. Nook compares all available offers and recommends the one with the lowest rate and most favorable terms for your specific situation.
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