Thousands of Quezon City homeowners are still paying rates as high as 8.50% on their home loans. Nook can help you refinance to as low as 5.99% p.a. — for free.
YOUR ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Quezon City is one of Metro Manila's most active real estate markets, with developments ranging from mid-rise condos in Eastwood and UP Town Center to established residential subdivisions in Commonwealth, Fairview, and Diliman. Whether you bought your home five years ago through Pag-IBIG or took out a bank loan with BDO or BPI, there's a strong chance your current interest rate is no longer competitive. Most QC homeowners who refinance through Nook are surprised to discover they've been overpaying by thousands of pesos every single month.
A home loan takeout — also called a mortgage refinance — means moving your existing loan to a new bank that offers a lower interest rate. On a 3,000,000-peso loan with 20 years remaining, dropping your rate from 8.50% to 5.99% can reduce your monthly payment by over 4,500 pesos. That's more than 54,000 pesos back in your pocket every year. Nook works with leading Philippine banks including Security Bank, RCBC, Chinabank, EastWest Bank, and more to find the best available rate for your specific situation — and our service is completely free to you as the borrower. If you own property elsewhere in Luzon, you can also explore options like home loan refinancing in Pampanga and Clark through the same platform.
The process is straightforward: submit your basic loan details, and Nook will compare offers from multiple banks on your behalf. There's no obligation, no upfront cost, and no need to visit a bank branch. Our team of mortgage specialists handles the paperwork and negotiation so you don't have to. If you're a condo owner in a development like Arya Residences in BGC, the same process applies — Nook covers condos and house-and-lot properties across Metro Manila and beyond.
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 home loan takeout means transferring your existing mortgage from your current bank to a new lender that offers a lower interest rate or better terms. The new bank pays off your old loan, and you continue making monthly payments — but at a reduced rate. In the Philippines, this process is also commonly referred to as mortgage refinancing.
Rates and eligibility vary by bank and by property, so there's no single best bank for every borrower. Nook compares offers from multiple Philippine banks including Security Bank, RCBC, Chinabank, EastWest Bank, and BPI to find the most competitive rate for your specific loan and property. The best way to know what you qualify for is to get a free estimate through Nook.
Nook's service is completely free for borrowers. We are compensated by the bank you ultimately choose, so there is no fee charged to you at any stage of the process. Standard bank processing fees and documentary stamp taxes may still apply as part of the loan transfer, and Nook will walk you through what to expect.
Yes, many Quezon City homeowners with existing Pag-IBIG (HDMF) loans choose to refinance into a commercial bank when their fixed-rate period ends or when market rates drop significantly. Nook can help you assess whether switching to a bank loan makes financial sense for your situation and guide you through the process.
The typical refinancing timeline in the Philippines runs between 30 and 60 days from application to loan release, depending on the bank and the completeness of your documents. Nook helps speed up the process by preparing your documents correctly from the start and coordinating directly with the bank on your behalf.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →