If you took out a PBCOM housing loan a few years ago, you could be paying interest rates between 8% and 10%. Refinancing through Nook could drop your rate to as low as 5.99% p.a. — completely free of charge.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Philippine Commercial International Bank — better known as PBCOM — offers housing loans that many Filipinos have used to purchase or build their homes. But like most Philippine banks, PBCOM's loan rates reprice periodically, and borrowers who signed their loan agreements two to five years ago may now find themselves locked into rates of 8.5% or higher. With current mortgage interest rates in the Philippines having improved significantly, staying with your existing rate without exploring alternatives means leaving thousands of pesos on the table every single month.
Refinancing your PBCOM housing loan means taking out a new loan — ideally at a lower rate — to pay off your existing balance. Through Nook, you can compare refinancing offers from multiple Philippine banks simultaneously, including BDO, BPI, Security Bank, Metrobank, and others competing for your business. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% could reduce your monthly amortisation by over 4,000 pesos. Over the life of your loan, that adds up to more than 800,000 pesos in total interest savings — real money that stays in your pocket instead of going to the bank.
The process is straightforward and costs you nothing. Nook acts as your digital mortgage broker, submitting your application to multiple lenders on your behalf and presenting you with the best available offers. You decide which bank to switch to, with zero pressure and zero fees. Whether you are currently with PBCOM or any other lender, Nook's refinancing service is open to all Filipino homeowners who want a better deal on their home loan.
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 allows you to move your existing PBCOM home loan to a new lender offering better terms and a lower interest rate. Through Nook, your application is submitted to multiple competing banks so you can compare real offers before committing to any one lender.
Savings depend on your outstanding balance, remaining term, and current interest rate. For a 3,000,000 peso loan at 8.50% with 20 years remaining, switching to 5.99% saves approximately 4,466 pesos per month — or over 800,000 pesos across the full loan term. Use Nook's free calculator to see your personalised estimate.
Nook's service is completely free for borrowers. Nook is compensated by the bank you ultimately refinance with, meaning you get access to expert guidance and multiple loan comparisons at no cost to you whatsoever.
You will typically need proof of income (payslips or ITR), a copy of your existing loan statement, property documents such as the TCT and tax declaration, and valid government-issued IDs. Nook will guide you through the full document checklist based on your specific situation and the lenders you apply to. If you are considering BPI as your new lender, you can review the BPI housing loan requirements as a useful reference.
The typical refinancing timeline in the Philippines runs between 30 to 60 days from application to loan release, depending on the receiving bank's processing speed and how quickly your documents are submitted. Nook helps keep the process moving by coordinating with the bank on your behalf, so delays are minimised.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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