If you're on a PBCOM housing loan, chances are your interest rate hasn't kept up with the market. Refinancing through Nook could save you over 58,000 pesos every year — and our service is completely free.
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Why this matters
PBCOM (Philippine Bank of Communications) offers housing loans to Filipino borrowers, but like many bank products, the interest rate you locked in at the start of your loan may no longer reflect what's available in today's market. If your current PBCOM housing loan carries a rate of 8% or higher, you could be significantly overpaying each month. Refinancing means replacing your existing loan with a new one — ideally at a lower rate — so more of your hard-earned money stays in your pocket instead of going to interest charges. Through Nook, the Philippines' first digital mortgage broker, you can access rates as low as 5.99% p.a. from multiple competing banks without paying a single peso in broker fees. You can also check current mortgage interest rates in the Philippines to see how your PBCOM rate stacks up against the market today.
The refinancing process with Nook is straightforward. You share your loan details, and Nook's team shops your profile across a panel of Philippine banks — including BDO, BPI, Security Bank, Metrobank, RCBC, and more — to find you the most competitive offer. There's no need to visit multiple bank branches or fill out repetitive application forms. Nook handles the legwork on your behalf, presenting you with clear, comparable options so you can make an informed decision. Most PBCOM borrowers who refinance through Nook reduce their monthly repayment by thousands of pesos, with total savings that can run into the hundreds of thousands over the remaining life of their loan.
Eligibility for refinancing is generally straightforward if you've been consistently paying your PBCOM loan and your property has maintained its value. Filipino citizens and qualified resident aliens with a stable income source — whether employed or self-employed — can typically qualify. The best time to refinance is usually after your lock-in period with PBCOM has ended, to avoid early termination fees. If you're unsure about requirements at other banks, it helps to understand what lenders look for — for example, BPI's housing loan requirements give a good benchmark for what most major Philippine banks expect from refinance applicants.
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 housing loan with any accredited bank or financial institution in the Philippines. This is called external refinancing, and it's one of the most effective ways to secure a lower interest rate. Nook can help you compare offers from multiple banks simultaneously so you find the best deal without the legwork.
The ideal time to refinance is after your PBCOM lock-in period has expired, typically after the first 1 to 3 years of your loan. Refinancing during the lock-in period may trigger early repayment penalties, which could reduce your overall savings. If you're unsure when your lock-in ends, check your loan agreement or call PBCOM directly.
Savings depend on your outstanding loan balance, remaining term, and the difference between your current rate and the new rate you qualify for. A borrower with a 3,000,000 peso loan at 8.50% could save over 4,400 pesos per month by refinancing to 5.99% — that's more than 53,000 pesos a year. Use Nook's free assessment to get a personalised savings estimate based on your actual loan details.
No, Nook's service is 100% free for borrowers. Nook earns a referral fee from the bank that wins your loan, similar to how insurance brokers are compensated — this means there's no conflict of interest and no cost to you. You get independent advice and multiple competing offers without paying anything.
You'll typically need a valid government-issued ID, proof of income (payslips or ITR for the last 2 years), your latest PBCOM loan statement, and a copy of your property's Transfer Certificate of Title (TCT). Additional documents may be required depending on the bank you refinance with. Nook will guide you through the full document checklist once you begin your free consultation.
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