If you bought a unit at Avida Towers Asten in Makati and your bank loan has already repriced, you could be paying a rate well above 8% p.a. Nook can refinance your home loan to as low as 5.99% p.a. — completely free of charge.
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Why this matters
Avida Towers Asten is one of the most sought-after condominium developments in Makati, sitting right in the heart of the Bay City district near Festival Supermall and the vibrant Aseana corridor. Many homeowners who financed their unit through a bank loan — whether with BDO, BPI, Metrobank, or another Philippine bank — are now well past their initial fixed-rate period. Once that lock-in expires, most banks automatically reprice your loan to a higher floating rate, often between 8% and 10% p.a. For a loan balance of 3,000,000, that difference can cost you over 4,500 pesos every single month.
A loan takeout — also called a home loan refinance — lets you transfer your outstanding balance to a new lender offering a significantly lower rate. Nook is the Philippines' first digital mortgage broker, and we work with all major Philippine banks to find you the most competitive rate available today. Our best rate is currently 5.99% p.a. The entire process is handled online, and Nook's service is 100% free to you as the borrower. We are compensated by the bank, never by you.
Asten unit owners are in a strong position to refinance because the development's completed status, central Makati location, and strong property values make it highly attractive to bank lenders. This means you have real negotiating power — and Nook knows exactly which banks are offering the sharpest rates for condominium refinancing in Metro Manila right now. If you have more than 5 years remaining on your loan, starting a refinance application today could save you hundreds of thousands of pesos before your loan is paid off.
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
A loan takeout means transferring your existing home loan balance from your current bank to a new lender at a lower interest rate. For Asten owners, the process involves Nook assessing your outstanding balance and remaining term, then matching you with the bank offering the best available rate. Once approved, your new bank pays off your old loan and you begin making lower monthly payments to the new lender.
No — Nook's service is completely free for borrowers. We are a mortgage broker compensated by the bank that ultimately provides your new loan, so there is no fee, commission, or charge passed on to you at any stage of the process. The only costs you may encounter are standard bank processing fees and notarial or documentary stamp charges, which apply regardless of whether you use a broker.
It depends on your outstanding balance, remaining term, and current rate, but the savings are often substantial. On a 3,000,000 loan balance with 20 years remaining, moving from 8.50% to 5.99% reduces your monthly payment by roughly 4,544 pesos — that is over 54,000 pesos saved in the first year alone. Over the remaining life of the loan, total interest savings can exceed 800,000 pesos.
Nook works with all major Philippine banks including BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, EastWest Bank, PNB, and PSBank. We compare their current offers side by side and recommend the one that gives you the lowest total cost — not just the lowest headline rate. This saves you the time and effort of applying to multiple banks individually.
Avida Towers Asten is a completed, titled condominium development in Makati, which makes it highly eligible for refinancing with most Philippine banks. Lenders generally require that the property have a clean Condominium Certificate of Title (CCT) and that the unit is free from legal encumbrances other than the existing mortgage. Nook will review your specific situation during the application process and guide you through any documentation requirements.
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