If your PBCOM home loan is still on a rate above 7%, you could be leaving thousands of pesos on the table every month. Nook helps you switch to rates as low as 5.99% p.a. — completely free.
PBCOM BORROWER ESTIMATED SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
The Philippine Bank of Communications (PBCOM) offers home loans to Filipino buyers, but like most local banks, their rates are subject to repricing every few years — and not always in your favor. Many PBCOM borrowers find themselves locked into rates between 8% and 9.5% after their initial fixed period ends, which can translate to significantly higher monthly amortisations than what the market now offers. If you haven't reviewed your mortgage in the last two to three years, there's a strong chance you're overpaying. You can check current mortgage interest rates in the Philippines to see how your PBCOM rate compares to what's available today.
Refinancing your PBCOM home loan means replacing your existing mortgage with a new one from a competing bank — one that offers a lower interest rate, better terms, or both. The process sounds complicated, but Nook makes it straightforward. We gather your loan details, compare offers from multiple Philippine banks simultaneously, and present you with your best options. You never pay Nook a fee; we're compensated by the bank only if you proceed. This means you get expert guidance and a full market comparison at zero cost to you.
The savings from refinancing a PBCOM loan can be substantial. On a ₱3,000,000 outstanding balance with 20 years remaining, switching from 8.50% to 5.99% p.a. saves over ₱3,800 every month — that's more than ₱46,000 a year you can redirect toward your family, investments, or paying down your principal faster. If you're also exploring other banks as alternatives, our guides on BPI housing loan requirements can help you understand what top competing lenders typically ask for during a refinance application.
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, absolutely. Refinancing from PBCOM to another Philippine bank is a standard process and one of the most effective ways to reduce your monthly amortisation. Banks like BPI, BDO, Security Bank, and others actively compete for refinancing clients and often offer attractive introductory rates to win your business.
PBCOM, like most Philippine banks, may charge a prepayment or early termination fee if you refinance within a fixed-rate lock-in period — typically ranging from 1% to 3% of the outstanding balance. It's important to check your loan agreement or call PBCOM directly to confirm any applicable charges before proceeding, as this affects your net savings calculation.
The amount depends on your outstanding balance, current interest rate, and remaining loan term. On a ₱3,000,000 loan at 8.50% with 20 years left, switching to 5.99% p.a. saves approximately ₱3,842 per month and over ₱691,000 across the life of the loan. Nook can calculate your exact savings based on your specific figures.
The refinancing process in the Philippines typically takes between 30 and 60 days from application to loan release, depending on the receiving bank's processing speed and how quickly you can submit your documents. Nook helps you prepare your application package correctly the first time, which significantly reduces delays.
Yes, Nook's service is 100% free to you as the borrower. We are compensated by the bank you ultimately choose to refinance with, only after your loan is approved and released. You receive full market comparison, application support, and expert advice at no cost — with no obligation to proceed if you don't find an offer that suits you.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →