If you have a Philippine Business Bank home loan, you may be paying 7.50% or higher — refinancing through Nook could drop your rate to as low as 5.99% p.a. and save you thousands every month.
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Why this matters
Philippine Business Bank (PBB) offers home loans to Filipino borrowers, but like many smaller commercial banks, their repriced rates after the fixed period can climb well above what the market's most competitive lenders are offering today. If your PBB home loan has already repriced — or is about to — now is the right time to explore refinancing. You may be able to lock in a significantly lower rate and stop overpaying on interest every single month. Check out current mortgage interest rates in the Philippines to see exactly how PBB compares to the broader market right now.
Refinancing your Philippine Business Bank home loan doesn't have to be complicated. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We do the legwork of comparing rates across BDO, BPI, Security Bank, RCBC, Metrobank, and other leading lenders — so you don't have to approach each bank individually or navigate piles of paperwork on your own. We match you with the best available offer based on your loan balance, property value, and financial profile.
On a 3,000,000 loan with 20 years remaining, moving from a 7.50% rate down to 5.99% translates to savings of over 4,850 per month — that's nearly 58,200 a year back in your pocket. Over the remaining life of your loan, the total savings can exceed 873,000. Whether your goal is lower monthly payments, a shorter loan term, or simply more financial breathing room, refinancing through Nook puts you in control. Get started today and find out what rate you actually qualify for.
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 means taking out a new home loan with another lender to pay off your existing PBB loan, ideally at a lower interest rate. Most major Philippine banks — including BDO, BPI, Security Bank, and RCBC — accept refinancing applications from borrowers with existing loans at other banks, including PBB.
It depends on your current rate and remaining loan balance, but borrowers moving from a repriced rate of 7.50% or higher to Nook's best available rate of 5.99% p.a. can save thousands of pesos every month. On a 3,000,000 loan over 20 years, that difference can total over 873,000 in savings across the life of the loan.
PBB, like most Philippine banks, may charge an early settlement or prepayment penalty if you refinance during a fixed-rate lock-in period — typically the first 2 to 5 years of the loan. It's worth requesting your loan's terms and conditions from PBB directly, and Nook can help you factor any penalty into your refinancing decision to make sure it still makes financial sense.
Instead of visiting multiple banks one by one and submitting separate applications, Nook lets you apply once and compares offers from multiple lenders on your behalf. Our service is 100% free to borrowers — we're compensated by the bank when your loan is approved, not by you. This means you get professional guidance and the broadest set of options without any added cost.
Standard refinancing documents include a government-issued ID, proof of income (payslips or ITR for self-employed borrowers), your latest PBB loan statement, the property's Transfer Certificate of Title (TCT), and a recent tax declaration. Requirements can vary slightly by lender, but Nook's team will walk you through exactly what's needed once you start your application.
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