Whether you have a condo, house & lot, or commercial property, most Filipino borrowers are paying 7–10% when rates as low as 5.99% are available. Use Nook's free calculator to see how much you could save by refinancing.
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Why this matters
A property loan calculator helps you estimate your monthly amortisation based on your loan amount, interest rate, and remaining term. In the Philippines, property loans cover a wide range of asset types — from residential condominiums and house & lot units in subdivisions, to raw land and commercial spaces. The challenge is that most banks reprice their interest rates every 1, 3, or 5 years, which means the rate you signed up for at the start of your loan may no longer be competitive today. If you haven't reviewed your loan recently, there's a good chance you're overpaying every single month. Use Nook's home loan refinance calculator to get a clearer picture of what switching to a lower rate could mean for your finances.
The good news is that refinancing your property loan in the Philippines has become far more accessible. Nook works with all major banks — including BDO, BPI, Metrobank, Security Bank, RCBC, and more — to find you the most competitive rate available for your specific property type and loan profile. The best rate currently on offer is 5.99% p.a., and Nook's service is completely free for borrowers. There are no broker fees, no hidden charges, and no obligation to proceed. Before you apply, it's worth understanding the refinance requirements in the Philippines so you know what documents to prepare in advance.
To get the most accurate estimate from any property loan calculator, you'll need three key inputs: your outstanding loan balance, your current interest rate, and your remaining loan term. If you're unsure of your current rate, check your latest bank statement or call your lender directly. Once you have those numbers, comparing your existing payment against what you'd pay at 5.99% will give you a clear, honest view of the opportunity. For many Filipino homeowners carrying loans of 2 to 5 million pesos over 15 to 20 years, the monthly savings run into thousands of pesos — and over the life of the loan, that adds up to life-changing money.
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 — the same amortisation formula applies across all property types in the Philippines. Whether your loan is for a condominium unit, a house and lot in a subdivision, or a commercial property, your monthly payment is calculated based on three factors: loan amount, interest rate, and remaining term. The property type may affect which banks will lend to you and at what rate, but the calculator mechanics are identical.
Check your most recent bank statement or your original loan agreement — your current interest rate should be clearly listed there. If your loan has been repriced since you took it out, the new rate will appear on the repricing notice your bank sent you. Most Filipino borrowers on repriced loans are currently paying between 7% and 10%, so if your rate falls in that range, refinancing at 5.99% through Nook could deliver meaningful monthly savings.
A good calculator gives you a reliable estimate of your monthly amortisation, but your actual payment may vary slightly depending on your bank's fee structure, how interest is compounded, and whether your loan includes mortgage redemption insurance (MRI) or fire insurance premiums. Use the calculator as a strong directional guide, then get a formal loan offer from a bank or broker like Nook for the precise figures before making any decisions.
Most banks in the Philippines set a minimum refinance loan amount of around 500,000 to 1,000,000 pesos, though this varies by lender. In practice, refinancing makes the most financial sense when your outstanding balance is at least 1,500,000 pesos, as the savings from a lower rate need to outweigh the one-time closing costs involved. Nook can help you assess whether refinancing is worth it for your specific balance and situation.
No — Nook's service is 100% free for borrowers. Nook is compensated by the banks when a loan is successfully placed, which means you get access to the full market of competitive rates without paying any broker fee or service charge. There's no obligation to proceed after you see your options, so you can use Nook's calculator and comparison service with zero risk.
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