If you have a PBCOM home loan, you could be paying a rate between 7% and 9% — switching to 5.99% p.a. through Nook could save you thousands every month, completely free of charge.
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Why this matters
PBCOM (Philippine Bank of Communications) offers home loans to Filipino borrowers, but like most traditional banks, their rates are repriced periodically — and many long-standing borrowers find themselves locked into rates of 8% or higher after their initial fixed period ends. If your PBCOM home loan has already been repriced or you've never reviewed your rate in the past few years, there's a strong chance you're overpaying significantly each month. Refinancing means moving your outstanding loan balance to a lender offering a better rate, and right now the best available refinance rate in the Philippines is 5.99% p.a. — well below what most PBCOM borrowers are currently paying.
Nook is the Philippines' first digital mortgage broker, and we work with all major Philippine banks to find you the lowest available refinance rate. Our service is 100% free to you — we're paid by the bank when your loan is approved, never by the borrower. We handle the paperwork, coordinate with your new lender, and guide you through every step of the switch. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% could reduce your monthly repayment by over 3,000 pesos — that's real money back in your pocket every single month. If you're also thinking about home improvements, it's worth exploring options like a solar home loan package that bundles panel financing with your mortgage for even greater long-term savings.
Refinancing a PBCOM home loan follows the same process as any bank-to-bank refinance in the Philippines. You'll need to have paid at least 12 months of your existing loan, have no outstanding arrears, and meet the income and property requirements of your new lender. Most borrowers complete the process in 4 to 8 weeks. Nook's team will assess your eligibility, compare rates across our panel of partner banks, and present you with the best offer available — no guesswork, no running around. Start your free assessment today and find out exactly 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 can refinance your PBCOM home loan to any participating bank in the Philippines, including BDO, BPI, Security Bank, Metrobank, and others. This is called a bank-to-bank refinance and is completely legal and common. Nook compares rates across all major lenders so you always get the best deal available.
Savings depend on your outstanding balance, remaining term, and current interest rate, but borrowers moving from rates of 8% to 9% down to 5.99% p.a. typically save between 2,000 and 5,000 pesos per month on a 3,000,000 peso loan. Over a 20-year term, that can add up to over 500,000 pesos in total interest savings. Use Nook's free calculator to get a personalised estimate for your specific loan.
No, Nook's service is completely free to borrowers. We are compensated by the bank that approves your refinance loan, not by you. You will still need to pay standard bank processing fees and documentary stamp taxes to the new lender, but there is no charge for Nook's advice, comparison, or application assistance.
Most refinance applications in the Philippines take between 4 and 8 weeks from submission to loan release, depending on the receiving bank's processing time and how quickly documents are submitted. Nook helps you prepare a complete application upfront to avoid delays. Once your new loan is released, your PBCOM loan is settled and you begin making payments to your new lender at the lower rate.
You'll typically need your latest Statement of Account from PBCOM, proof of income (payslips or ITR for the past 2 years), a copy of your Transfer Certificate of Title, tax declaration, and valid government-issued IDs. If you're comparing options across banks, it's also useful to review general housing loan requirements to understand what lenders commonly ask for. Nook will provide you with a complete personalised checklist once you start your free assessment.
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