Most SSS housing loan borrowers are paying 8% or higher — Nook can help you refinance to as low as 5.99% p.a. through top Philippine banks, for free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
The SSS housing loan program has helped millions of Filipino workers become homeowners — but its interest rates haven't always kept pace with what private banks now offer. If you took out your SSS housing loan several years ago, there's a strong chance you're paying a rate of 8% to 10% or more. Refinancing means replacing that loan with a new one from a commercial bank at a significantly lower rate, which directly reduces your monthly amortisation and the total interest you pay over the life of the loan.
Through Nook, you can compare refinancing offers from major banks like BPI, BDO, Security Bank, Metrobank, and others — all in one place. The best available rate today is 5.99% p.a., and qualifying borrowers with a good payment history and sufficient property equity are well-positioned to secure competitive offers. You can check current mortgage interest rates in the Philippines to see how your SSS rate stacks up against what banks are offering right now.
Nook's service is completely free for borrowers. Our licensed mortgage specialists handle the comparison, paperwork, and bank coordination on your behalf — so you get the best deal without the legwork. Whether your SSS loan is through the regular SSS housing program or the Pag-IBIG fund (which many members confuse), Nook can help you find a refinancing path that puts real money back in your pocket every month.
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, you can refinance your SSS housing loan by taking out a new home loan from a private bank and using the proceeds to pay off the remaining SSS balance. Many Philippine banks actively accept refinancing applications from SSS borrowers, especially those with a clean payment record and at least 20% equity in their property. Nook can help you identify which banks are most likely to approve your application and at the best available rate.
The best refinancing rate currently available through Nook is 5.99% p.a., though the rate you're offered will depend on the bank, your loan amount, your remaining term, and your credit profile. Most SSS borrowers refinancing today are saving between 2% and 4% on their interest rate. Even a 2% reduction on a 3,000,000 loan can save you over 36,000 pesos annually.
You can check your outstanding SSS housing loan balance through the My.SSS online portal, by visiting an SSS branch, or by calling the SSS hotline. Your latest official statement of account (SOA) will show your outstanding principal, accrued interest, and any penalties — all of which you'll need when applying to refinance. Nook can guide you through exactly what documents to prepare once you're ready to proceed.
They are similar in concept but different programs — SSS housing loans are administered by the Social Security System, while Pag-IBIG (HDMF) loans are administered by the Home Development Mutual Fund. Both can be refinanced through private banks, but the requirements and payoff processes differ slightly. If you're unsure which program your loan falls under, check your original loan documents or contact your respective agency directly.
From application to loan release, refinancing typically takes 4 to 8 weeks depending on the bank and the completeness of your documents. The process involves a property appraisal, credit evaluation, and coordination with SSS to settle the outstanding balance. Nook's specialists manage much of this process for you, helping avoid delays and ensuring you're always one step ahead of what the bank needs.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →