If you have a PBCOM home loan, you may be paying significantly more than today's best available rate of 5.99% p.a. — Nook helps you switch banks and lower your monthly payments for free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Philippine Bank of Communications (PBCOM) offers home loan products to Filipino borrowers, but like most traditional banks, their repricing cycles mean many existing borrowers end up locked into rates that no longer reflect the current market. If your PBCOM home loan has repriced in the last few years, there is a strong chance you are now paying a rate of 8% or higher — well above what refinancing lenders are offering today. You can check how your rate compares against current mortgage interest rates in the Philippines to see exactly where you stand.
Refinancing away from PBCOM works by transferring your outstanding loan balance to a new lender — typically a larger universal bank or one actively competing for refinance business — at a lower interest rate. For a ₱3,000,000 loan with 20 years remaining, the difference between an 8.50% rate and Nook's best available rate of 5.99% translates to over ₱4,500 in savings every single month. Over the life of the loan, that compounds into a significant amount that stays in your pocket rather than going to your lender. The process does involve switching banks, but Nook manages the entire transfer on your behalf at no cost to you.
Borrowers sometimes hesitate to refinance because they assume the paperwork and coordination will be overwhelming. Nook was built specifically to remove that friction. We compare offers from multiple banks simultaneously, prepare your documents, and coordinate with both your current lender and your new one so you don't have to. If you're also evaluating other lenders as potential destinations for your refinance, it's worth reviewing what BPI's housing loan requirements look like, as BPI is one of the more competitive refinance options available through Nook today.
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 transfer your outstanding PBCOM home loan balance to another bank through a process called refinancing or loan takeout. Most major Philippine banks and lenders accept refinance applications from borrowers currently with other institutions, including PBCOM. Nook works with multiple lenders and can identify which ones offer the best rate for your specific loan amount and remaining term.
Savings depend on your current interest rate, outstanding balance, and remaining loan term. For a typical ₱3,000,000 loan at 8.50% with 20 years remaining, refinancing to 5.99% saves roughly ₱4,500 per month and over ₱800,000 over the life of the loan. Use Nook's free calculator to get an estimate based on your actual numbers.
Many Philippine banks include pre-termination or early settlement fees in their home loan contracts, and PBCOM may apply these depending on your loan agreement and how long you have held the loan. It's important to review your PBCOM loan documents or call PBCOM directly to confirm if any penalty applies. Nook can help you factor this cost into your savings calculation so you still come out ahead.
The refinancing process in the Philippines typically takes between 45 and 90 days from application to full loan takeout, depending on document completeness and the new lender's processing speed. Nook helps accelerate this by guiding you through document preparation and following up with lenders on your behalf. Once approved, your new lender pays off PBCOM directly and your new lower monthly payments begin.
Yes, Nook's service is completely free for borrowers. Nook earns a referral fee from the bank that takes over your loan, which means there is no charge to you at any point in the process. You simply benefit from lower monthly payments and professional guidance throughout the entire transfer without paying a single peso in broker fees.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →