As a single parent, every peso counts. Refinancing your home loan to as low as 5.99% p.a. could free up thousands each month for what matters most — your children's future.
SINGLE PARENT MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Raising a family on a single income is one of the hardest financial challenges a Filipino can face. Yet many single parents are quietly overpaying on their home loans — locked into rates of 8% to 10% from loans taken years ago, often during a two-income household. Refinancing your home loan through Nook can bring your rate down to as low as 5.99% p.a., reducing your monthly mortgage payment and putting real money back in your hands every month. If you're refinancing for the first time, don't worry — Nook guides you through every step at zero cost to you.
Single parents in the Philippines also have access to government-backed assistance that many borrowers don't know about. Pag-IBIG Fund offers flexible home loan restructuring programs, and certain banks have dedicated schemes for solo parents covered under Republic Act 8972, the Solo Parents' Welfare Act. Nook works with a wide panel of lenders — including BDO, BPI, Security Bank, Metrobank, RCBC, and Pag-IBIG — to find the program that best fits your situation, whether you're employed, running your own business, or receiving remittances from abroad. If you're self-employed, you can also explore our guide on refinancing as a self-employed borrower for documentation tips that apply to solo parents with irregular income.
The best part? Nook's service is completely free for borrowers. There are no broker fees, no hidden charges, and no obligation to proceed after your consultation. Our mortgage specialists understand the unique pressures single parents face, and we approach every application with the flexibility and sensitivity your situation deserves. A lower monthly payment isn't just a financial win — it's more groceries, more school supplies, and more peace of mind for you and your children.
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, absolutely. Banks and Pag-IBIG assess your ability to repay based on your documented income, not your household structure. Many single parents successfully refinance by presenting payslips, ITRs, or other proof of stable income — and Nook helps you prepare the strongest possible application regardless of your income source.
Pag-IBIG Fund has home loan restructuring and refinancing options that are accessible to solo parents, and Republic Act 8972 (the Solo Parents' Welfare Act) entitles qualified individuals to certain benefits and priority consideration from government lending institutions. Nook can help you determine which programs you qualify for based on your specific circumstances.
Standard requirements include a valid government ID, proof of income (payslips or ITR), your existing loan statement, and your property's title and tax declaration. Solo parents may also be asked to present a Solo Parent ID issued by their local government unit, which can support your application for preferential programs.
On a 3,000,000 peso loan at 8.50% p.a., refinancing to 5.99% p.a. can reduce your monthly payment by over 3,000 pesos — adding up to more than 36,000 pesos in savings every year. Over the remaining life of your loan, total savings can exceed half a million pesos, which is life-changing money for a single-income household.
The typical refinancing process in the Philippines takes four to eight weeks from application to loan release, depending on the lender and completeness of your documents. Nook manages the entire process on your behalf — from comparing lenders to submitting paperwork — so you don't have to navigate it alone while also managing a household.
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