Philippine Business Bank borrowers are often paying 7.50% or more on their home loans. Nook can help you switch to as low as 5.99% p.a. — for free.
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Why this matters
Philippine Business Bank has long served the SME community across the Philippines, offering home and commercial property loans to business owners and entrepreneurs. However, like many mid-sized banks, PBB's repricing rates may no longer be competitive once your initial lock-in period ends — and many borrowers find themselves quietly paying 7.50% or higher without realising a better deal exists. If you took out your PBB housing loan more than two or three years ago, it's very likely you're overpaying every single month. You can check how your rate compares against what's available today on our current mortgage interest rates page.
Refinancing your PBB home loan through Nook means we shop the entire market on your behalf — including BDO, BPI, Security Bank, RCBC, Metrobank, and more — to find you the lowest available rate for your property type and loan size. This is especially valuable for SME owners whose properties may be classified as mixed-use or commercial residential, as not all banks price these the same way. Nook's service is completely free to you as the borrower; we're compensated by the bank you ultimately choose, so there's no conflict of interest in our recommendations.
The refinancing process typically takes four to six weeks from application to loan release, and Nook guides you through every step — from document preparation to bank submission and approval follow-up. Most PBB borrowers refinancing a ₱3,000,000 loan at today's best rate save over ₱4,800 per month, which adds up to nearly ₱875,000 over a 15-year remaining term. That's real money that stays in your business or your family's pocket.
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, many banks on Nook's panel accept commercial-residential and mixed-use properties as security for refinancing, though the eligible banks and rates may differ from pure residential loans. Nook will assess your property type upfront and match you only with lenders who can genuinely approve your application. This saves you time and avoids unnecessary credit inquiries.
PBB, like most Philippine banks, charges a pre-termination fee if you refinance within the fixed-rate lock-in period — this is typically 1% to 3% of the outstanding loan balance. Nook's advisors will help you calculate whether the penalty is offset by your long-term savings before you commit to switching. In most cases, borrowers still come out significantly ahead even after paying the exit fee.
You'll generally need your latest PBB loan statement, a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), proof of income (payslips or ITR for business owners), valid government IDs, and a copy of your latest tax declaration. If you're self-employed or an SME owner, banks will also want two to three years of audited financial statements. Nook provides a personalised checklist so nothing is missed.
The typical refinancing timeline is four to six weeks from the time you submit a complete set of documents to your chosen bank. The process includes property appraisal, credit evaluation, and loan documentation before the new bank releases funds to pay off your PBB balance. Nook actively follows up with the bank on your behalf to keep the process moving as quickly as possible.
The most competitive refinance rates today are typically offered by BPI, Security Bank, RCBC, and BDO — with the best rates starting at 5.99% p.a. for well-qualified borrowers on standard residential properties. The right bank for you will depend on your income type, property classification, and loan amount. Nook compares all available offers and recommends the one that gives you the best combination of rate, terms, and approval likelihood.
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