If your Sterling Bank or PBCOM home loan is still on a repriced rate, you could be paying 2% to 4% more than necessary. Nook finds you the best refinancing rate available — completely free.
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Why this matters
Sterling Bank and PBCOM are both legitimate home loan providers in the Philippines, but once your fixed-rate lock-in period ends, your loan typically reprices to a higher variable rate — often between 8% and 10% per annum. Many borrowers simply accept this repriced rate without realising they have the right to refinance with a different lender at a significantly lower rate. With Nook, you can compare offers from over a dozen Philippine banks and find out exactly how much you could save by switching. Check today's live mortgage refinancing rates in the Philippines to see what's currently available.
Refinancing works by paying off your existing Sterling Bank or PBCOM loan with a new loan from a lender offering better terms. At Nook's best available rate of 5.99% p.a., a borrower with a 3,000,000 peso outstanding balance on a 20-year remaining term could save close to 4,000 pesos every single month compared to an 8.50% rate. Over the life of the loan, that compounds into hundreds of thousands of pesos in total interest savings — money that stays in your pocket instead of going to the bank.
The process of refinancing through Nook is straightforward and entirely free to you as the borrower. You submit your details once, and Nook's team handles the bank comparisons, paperwork coordination, and follow-ups on your behalf. Whether your current loan is with Sterling Bank, PBCOM, or any other lender, Nook works with all major Philippine banks to find you a better deal. There are no broker fees, no hidden charges, and no obligation to proceed until you're satisfied with the offer on the table.
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 home loan with any accredited bank in the Philippines, regardless of who your current lender is. The new bank pays off your outstanding balance with Sterling Bank or PBCOM, and you begin repaying the new lender at the agreed lower rate. The only requirement is that your loan has passed the lock-in period specified in your original mortgage agreement.
Through Nook, the best refinancing rate currently available is 5.99% per annum. The rate you qualify for will depend on factors such as your outstanding loan balance, remaining term, property value, and credit history. View current mortgage interest rates from Philippine banks to get a full picture of what's on offer.
Nook's service is 100% free to borrowers — there are no broker fees or service charges at any stage of the process. Nook earns a referral fee from the bank that approves your loan, which means you get expert guidance and full bank comparison at zero cost to you. The only costs you will encounter are standard bank charges such as appraisal fees and documentary stamp tax, which apply regardless of which bank or channel you use.
The typical refinancing timeline in the Philippines is between 30 and 60 days from application to loan release, depending on the bank and the completeness of your documents. Nook helps you prepare your documents correctly from the start, which significantly reduces the risk of delays. Once your new loan is released, your old Sterling Bank or PBCOM loan is fully settled and your new lower monthly payments begin.
Standard refinancing documents include a valid government-issued ID, proof of income such as payslips or ITR, your existing loan statement of account, and the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) for your property. Employed borrowers will typically also need a certificate of employment, while self-employed borrowers will need audited financial statements. Nook provides a complete document checklist once you submit your initial inquiry, so nothing gets missed.
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