Thousands of Filipino homeowners on aging PBCOM home loan rates are paying far more than they need to. Refinancing to as low as 5.99% p.a. through Nook could save you over 4,850 pesos every single month — and our service costs you nothing.
YOUR ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Philippine Bank of Communications (PBCOM) offers home loans to Filipino buyers, but like most local banks, their rates reprice periodically — and many long-standing borrowers find themselves locked into rates of 8% to 10% or higher after their initial fixed period ends. If you took out your PBCOM home loan several years ago and haven't reviewed your rate since, there's a strong chance you're significantly overpaying each month. Current mortgage interest rates in the Philippines have shifted, and the best refinance rates available today are considerably lower than what most existing borrowers are carrying.
Refinancing your PBCOM home loan means switching your outstanding balance to a new lender — one offering a more competitive rate — and resetting your repayment terms accordingly. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% p.a. translates to savings of roughly 4,850 pesos per month, or over 58,000 pesos per year. Over the life of the loan, that compounds to nearly 873,000 pesos in total interest saved. Nook works with leading Philippine banks including BDO, BPI, Security Bank, Metrobank, RCBC, and others to find you the sharpest rate for your profile — at zero cost to you as the borrower.
The refinancing process in the Philippines typically involves a property appraisal, credit assessment, and submission of standard financial documents. Nook handles the comparison and coordination on your behalf, so you don't need to approach each bank individually or navigate the paperwork alone. Whether your PBCOM loan is nearing the end of a fixed-rate period or you've simply never reviewed your rate, now is an ideal time to find out how much you could save.
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, you are free to refinance your PBCOM mortgage to any bank that accepts your application, and doing so is one of the most effective ways to reduce your monthly repayments. Nook compares offers from multiple Philippine banks simultaneously so you can see which lender will give you the best rate for your specific loan amount, remaining term, and property type. There is no obligation to stay with PBCOM once your loan is eligible for refinancing.
A good benchmark is to compare your current rate against the best available refinance rates in the market today — if you're paying above 7% p.a., you almost certainly have room to save. Check your most recent PBCOM loan statement for your current interest rate, then use Nook's free calculator to estimate your potential savings instantly. You can also review current mortgage interest rates in the Philippines to understand what competing banks are offering right now.
PBCOM, like most Philippine banks, may charge a pre-termination or early settlement fee if you refinance during a fixed-rate lock-in period — typically ranging from 1% to 3% of the outstanding balance. It's important to check your loan agreement for the exact terms before proceeding. In most cases, the long-term monthly savings from refinancing still far outweigh any one-time exit fee, especially if several years remain on your loan.
Standard refinancing documents in the Philippines include a valid government-issued ID, proof of income (payslips or ITR for employed borrowers, or financial statements for self-employed), your latest PBCOM loan statement, and property documents such as the Transfer Certificate of Title and tax declaration. The new lender will also require a property appraisal at your expense. Nook will walk you through the full checklist once you submit your details so nothing is missed.
The refinancing process in the Philippines typically takes between 4 to 8 weeks from application to loan release, depending on the receiving bank and how quickly documents are submitted and verified. Property appraisal scheduling can sometimes add time, particularly in provincial areas. Nook helps keep the process moving by coordinating with the bank on your behalf and flagging any missing requirements early.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →