Most Filipino homeowners overpay by thousands every month without knowing it. Nook's property loan calculator shows your real amortization across Philippine banks — and reveals how much you could save by refinancing to 5.99% p.a.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
A property loan calculator does more than crunch numbers — it gives you clarity. If you took out a home loan in the Philippines two to five years ago, your bank almost certainly repriced your interest rate upward at the end of your fixed-rate period. That's how Philippine bank mortgages work: you lock in a rate for two, three, or five years, and when that period ends, your rate resets — usually higher. Many homeowners on a ₱3,000,000 loan are now paying rates of 8% to 10% and simply don't realise a better deal exists. You can check what current home loan interest rates across Philippine banks look like right now and compare them against what you're paying.
Nook is the Philippines' first digital mortgage broker, and our job is to find you the lowest available refinance rate — currently as low as 5.99% p.a. On a ₱3,000,000 loan with 20 years remaining, the difference between 8.50% and 5.99% is roughly ₱3,825 every single month. That's ₱45,900 a year, and over the life of a 20-year loan, more than ₱688,500 in total interest savings. Nook's service is completely free to borrowers — we're paid by the bank when your loan is approved, so there's no cost to you for comparing and switching.
Before you commit to refinancing, it's worth understanding the full picture. There are closing costs involved in refinancing a home loan in the Philippines — typically ranging from 1% to 2% of the loan amount — but in most cases, the monthly savings recoup those costs within 12 to 18 months. After that, every peso saved goes straight back into your pocket. Use the calculator above as your starting point, then let Nook do the heavy lifting of comparing BPI, BDO, Security Bank, RCBC, and more to find your best rate.
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
A property loan calculator uses your loan amount, interest rate, and remaining term to compute your monthly amortization using standard reducing-balance amortization. In the Philippines, most bank home loans are amortized monthly, meaning each payment covers both interest and a portion of the principal. Nook's calculator lets you input your current rate and instantly compare it against the lowest available refinance rate so you can see your potential savings side by side.
Rates vary by bank, loan amount, and borrower profile, but competitive rates are currently available from BPI, Security Bank, RCBC, and Metrobank, among others. The lowest rate available through Nook right now is 5.99% p.a. Rather than approaching each bank individually, Nook compares multiple lenders at once so you get the best offer without the legwork.
For most homeowners paying above 7.5% p.a., refinancing is worth it — especially if you have more than 10 years remaining on your loan. The monthly savings typically outweigh the one-time closing costs within one to two years, and the cumulative savings over the remaining loan term can reach hundreds of thousands of pesos. Nook can run a personalised break-even analysis so you know exactly how long it takes to come out ahead.
The standard requirements include a valid government ID, your latest payslips or proof of income, ITR (income tax return), your existing loan statement, and the property's title and tax declaration. Requirements can vary slightly between banks, but Nook guides you through the full checklist and helps you prepare your documents for submission. You can get a detailed overview of what's needed on our home loan refinance requirements page.
From application to loan release, refinancing typically takes four to eight weeks depending on the bank and the completeness of your documents. Nook streamlines the process by handling bank coordination, document tracking, and follow-ups on your behalf. Most Nook clients find the process significantly faster than applying to a bank directly because everything is managed in one place.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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