Refinancing Calculator

Your saving depends on the gap between your current rate and the new rate, your remaining balance, and your term. Even a one-to-two percentage-point drop can cut your monthly repayment by thousands of pesos and save hundreds of thousands over the life of the loan. Use the calculator above for an indicative figure, then let Nook compare 20+ banks to confirm your real numbers — for free.

The most common time to refinance is when your bank's fixed-rate period is about to reset to a higher variable rate, or when market rates have fallen below what you're currently paying. It can also make sense if you want to consolidate, shorten your term, or unlock equity. Nook can review your current loan and tell you whether a takeout is worth it before you commit to anything.

A loan takeout is the Philippine term for refinancing. A new bank "takes out" (pays off) your existing home loan and you continue repaying the new bank instead, typically at a better rate or on better terms. Nook manages the whole takeout end to end so you never deal with two banks at once — we coordinate both the old and new lender for you.

A home loan takeout in the Philippines typically takes a few weeks from application to release, depending on the lender, the property valuation, and how quickly documents are provided. Nook speeds this up by matching you to the bank most likely to approve you and chasing the paperwork on your behalf, so you're not the one following up with the bank.

No. The calculator is indicative only and uses the rate you enter to estimate savings. Your real refinanced rate depends on the lender, your income and credit profile, the property, and the loan-to-value ratio. To see your actual numbers, start a free comparison with Nook — we compare 20+ banks and come back with the sharpest rate you genuinely qualify for.