If you took out your home loan with Philippine Business Bank, you could be paying up to 3% more than necessary. Nook helps you switch to a better rate — completely free of charge.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Philippine Business Bank has built a reputation serving entrepreneurs and business owners across the country, but their home loan rates don't always reflect the competitive edge their clients expect. Many PBB mortgage holders find themselves locked into rates of 8.50% to 9.50% per annum — rates that made sense at the time but now represent a significant monthly drain when better options are available in the market. If your loan is more than two years old, there's a strong chance you're overpaying every single month.
Refinancing your Philippine Business Bank home loan through Nook means we do the comparison work for you. We access rates from over a dozen Philippine banks and lenders — including BDO, BPI, Security Bank, RCBC, and more — to find the lowest available rate for your specific profile. With the best refinance rate currently at 5.99% p.a., the difference on a 3,000,000-peso loan over 20 years is hundreds of thousands of pesos in total savings. You can also check current mortgage interest rates in the Philippines to see how your existing PBB rate compares to what's available today.
The best part? Nook's service costs you absolutely nothing. We're compensated by the banks, not the borrower, so every peso saved goes directly back into your pocket. Whether you're looking to reduce your monthly payment, shorten your loan term, or simply get a fairer deal, refinancing is often the smartest financial move a homeowner can make — and Nook makes it straightforward from start to finish.
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 PBB home loan with any participating bank in the Philippines, including BDO, BPI, Security Bank, Metrobank, RCBC, and many others. The new bank simply pays off your existing PBB loan and takes over as your lender at the new agreed rate. Nook helps you identify which bank will offer you the best terms based on your loan balance, property, and credit profile.
Nook's service is 100% free for borrowers — there are no broker fees, no consultation charges, and no hidden costs. We earn a referral fee from the bank you ultimately choose, which means our incentive is always to find you the best possible deal. The only costs you'll encounter are standard bank processing fees, which vary by lender and are disclosed upfront.
The typical refinancing process in the Philippines takes between 45 and 90 days from application to loan release. This includes document gathering, bank assessment, appraisal, and title transfer coordination. Nook guides you through each step and liaises directly with both your outgoing lender and incoming bank to keep things moving as smoothly as possible.
You'll generally need your latest Statement of Account from PBB, valid government-issued IDs, proof of income (payslips or ITR for the past two years), your Transfer Certificate of Title (TCT), and a copy of your current loan terms. If you're employed or self-employed, income documentation requirements differ slightly — this guide to housing loan requirements gives a useful overview of what Philippine banks typically ask for. Nook will give you a personalised document checklist once you submit your details.
It depends on your remaining balance and the rate differential, but refinancing can still be worthwhile even with a shorter remaining term. The key calculation is whether your total interest savings over the remaining period exceed the one-time costs of switching (typically 1–3% of the loan amount in fees). Nook runs this analysis for you at no cost, so you get a clear picture of whether refinancing makes financial sense before you commit to anything.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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