Filipino homeowners are saving thousands by switching to better rates. Nook compares refinance housing loan rates from BDO, BPI, Security Bank, RCBC, Metrobank and more — then finds your lowest offer, completely free.
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No commitment. No credit check. Just your numbers.
Why this matters
If you took out a housing loan in the Philippines two or more years ago, there is a strong chance you are paying a rate between 7.5% and 10% per annum. Philippine banks reprice loans periodically, and when they do, they rarely give their existing borrowers the most competitive rate available. That gap — between what you pay now and what a new borrower can get today — is exactly where Nook works on your behalf. By comparing refinance housing loan rates across the country's top banks simultaneously, Nook surfaces offers that most homeowners never even know exist. The best banks for home loan refinancing in 2026 are competing hard for quality borrowers, and that competition translates directly into savings for you.
Refinancing your housing loan in the Philippines means taking out a new loan — ideally at a lower interest rate — to pay off your existing one. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% reduces your monthly amortisation by nearly 4,000 pesos. Compounded over the life of the loan, that is over 700,000 pesos in total interest savings. The process used to mean visiting multiple bank branches, gathering the same documents repeatedly, and waiting weeks for a response. Nook replaces all of that with a single streamlined application that goes to multiple lenders at once. You can read more about how the process works in our complete guide to refinancing with a mortgage broker in the Philippines.
Nook's service is 100% free to borrowers. We are compensated by the bank when your loan is successfully placed, which means our incentive is perfectly aligned with yours — get you the lowest possible rate and close the loan smoothly. There are no broker fees, no hidden charges, and no obligation to accept any offer presented to you. Whether your loan is with BDO, BPI, Metrobank, Security Bank, RCBC, PNB, Chinabank, EastWest, UnionBank, or any other Philippine lender, Nook can evaluate your current loan and show you what better options look like today.
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
The lowest refinance rate currently available through Nook is 5.99% per annum. Rates vary depending on your loan amount, remaining term, property type, and the lender's current promotional offerings, so the actual rate you qualify for will depend on your specific profile.
BDO, BPI, Security Bank, RCBC, and Metrobank are among the most competitive lenders for home loan refinancing in 2026, though their rates and terms change regularly. Rather than approaching each bank individually, Nook submits your application to multiple lenders simultaneously so you can compare real offers side by side.
On a 3,000,000 peso loan with 20 years remaining, switching from 8.50% to 5.99% saves approximately 3,904 pesos per month and over 700,000 pesos in total interest over the life of the loan. Your actual savings will depend on your current rate, outstanding balance, and remaining loan term.
No — Nook's service is completely free to borrowers. Nook is compensated directly by the bank when your refinance is successfully completed, so there are no broker fees, application fees, or hidden charges passed on to you at any point in the process.
The refinancing process in the Philippines typically takes four to eight weeks from application to loan release, depending on the lender and how quickly documentation is completed. Nook guides you through every step — from document preparation to bank submission to final approval — to keep things moving as efficiently as possible.
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