Philippine Business Bank borrowers paying 8.50% or higher could save over 58,000 pesos every year by switching to Nook's best available rate of 5.99% — and our service is completely free.
YOUR ESTIMATED PBB SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Philippine Business Bank has built its reputation on serving the commercial and SME sector, but many PBB home loan borrowers find themselves locked into rates that made sense at origination but look expensive compared to what the market offers today. If your PBB mortgage is carrying a rate anywhere between 8% and 10%, you are almost certainly overpaying — and refinancing through Nook could put tens of thousands of pesos back in your pocket every single year. You can check how your rate stacks up against the rest of the market on our current mortgage interest rates page.
Refinancing a PBB home loan works the same way as any bank-to-bank transfer. Nook shops your loan profile across multiple Philippine banks — BDO, BPI, Security Bank, RCBC, Metrobank, and more — to find the lowest rate you qualify for, currently as low as 5.99% per annum. On a 3,000,000-peso loan with 20 years remaining, that rate difference translates to roughly 4,620 pesos in monthly savings. Over the life of your loan, the cumulative saving exceeds 800,000 pesos. There are no fees charged to you at any stage; Nook is paid by the receiving bank, not by the borrower.
The process is straightforward: you submit your documents once through Nook's digital platform, and we handle the coordination with lenders on your behalf. Most applicants receive a formal offer within two to three weeks. Whether your property is in Metro Manila, Cebu, or the provinces, and whether your PBB loan is for a house and lot, a condominium unit, or a townhouse, Nook can help you explore your options at no cost and no obligation.
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 PBB home loan to any accredited bank in the Philippines through a process called loan assumption or bank-to-bank refinancing. Your new lender pays off your outstanding PBB balance and issues you a fresh loan at a lower interest rate. Nook manages this entire process for you at no cost.
The best available refinance rate through Nook is currently 5.99% per annum, though the exact rate you receive depends on your loan amount, remaining term, property type, and credit profile. Most borrowers who refinance through Nook secure rates between 5.99% and 7.25%, which is significantly lower than the 8% to 10% range common on older PBB mortgages.
Nook's brokerage service is 100% free to you as the borrower — we are compensated by the bank that wins your loan, not by you. You will still need to budget for standard third-party costs such as appraisal fees, transfer taxes, and registration fees, which your Nook advisor will walk you through before you commit to anything.
You will typically need a valid government-issued ID, your most recent three months of payslips or audited financial statements if self-employed, a copy of your existing PBB loan statements, and your Transfer Certificate of Title or Condominium Certificate of Title. Nook will give you a complete personalised checklist once you submit your initial application.
The typical refinancing timeline runs four to eight weeks from application to loan release, depending on how quickly documents are submitted and how fast the receiving bank processes the appraisal and credit evaluation. Nook keeps the process moving by coordinating directly with the bank on your behalf, so you are not left chasing updates on your own.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →