If you have an existing PBCOM home loan, you could be overpaying by thousands every month. Nook helps you compare refinancing options across leading Philippine banks — completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
PBCOM (Philippine Bank of Communications) offers home loans to Filipino borrowers, but like most bank rates, their interest rates reprice periodically — and many long-standing borrowers find themselves locked into rates well above what the market currently offers. If your PBCOM home loan was taken out or last repriced at 8% or higher, there's a strong chance you're leaving significant money on the table every single month. Refinancing means switching your outstanding loan balance to a new lender at a lower rate, which directly reduces your monthly amortisation.
Through Nook, you can compare refinancing options from multiple Philippine banks side by side — including BDO, BPI, Security Bank, Metrobank, RCBC, and others — all in one place. The best available refinance rate right now is 5.99% p.a., and qualifying borrowers on a 3,000,000-peso loan could save over 3,800 pesos every month just by making the switch. To understand how today's refinance rates compare across all lenders, check out current mortgage interest rates in the Philippines for a full market overview.
The refinancing process can feel daunting, but Nook handles the heavy lifting for you — from lender matching to document preparation guidance. Our service is 100% free to borrowers; we're compensated by the bank you choose, not by you. Whether your PBCOM loan has 10, 15, or 20 years remaining, refinancing even partway through your term can result in substantial lifetime savings. The sooner you act, the more you 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, refinancing allows you to transfer your outstanding PBCOM home loan balance to another bank that offers a lower interest rate. The new bank pays off your existing PBCOM loan, and you begin repaying the new lender at the agreed refinance rate. Nook can match you with competing offers from multiple banks so you can choose the best deal.
Savings depend on your outstanding loan balance, remaining term, and how much lower your new rate is compared to your current PBCOM rate. For a 3,000,000-peso loan at 8.50% refinanced to 5.99%, you could save around 3,847 pesos per month — or over 692,000 pesos across a 15-year remaining term. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
The process typically takes four to eight weeks from application to loan release, covering document submission, bank appraisal, and legal processing. Nook streamlines this by guiding you through every step and coordinating directly with your chosen bank on your behalf. Most borrowers find the process far less complex than their original home loan application.
Standard requirements include your latest Statement of Account from PBCOM, a copy of your Transfer Certificate of Title (TCT), proof of income (payslips or ITR for self-employed), valid government IDs, and a duly accomplished application form from the new lender. Requirements vary slightly by bank — Nook will give you a specific checklist once we identify the best refinancing bank for your situation.
There are standard third-party costs involved in any refinancing, including appraisal fees, notarial fees, mortgage registration fees, and documentary stamp tax — these typically range from 30,000 to 80,000 pesos depending on your loan amount and property location. Nook's service itself is completely free to you as a borrower. We always help you calculate your break-even point so you can confirm the savings outweigh the switching costs before you commit.
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