If you bought an Avida Towers unit with a bank loan, there's a good chance you're paying an interest rate of 8% or higher — when you could be paying as low as 5.99% p.a. through Nook, completely free.
AVIDA TOWERS OWNER SAVINGS ESTIMATE
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Why this matters
Avida Towers is one of Ayala Land's most popular condominium brands, offering mid-range units across Metro Manila in locations like Vertis North, Abreeza, Centera, and Riala. Most buyers finance their purchase through a bank home loan — and many are still on the same rate they signed up for years ago. The problem is that repricing cycles in the Philippines mean your bank can raise your rate every 1, 3, or 5 years, and most homeowners simply renew without shopping around. If your remaining loan is around 3,000,000 pesos and you're paying 8.5%, you could be overpaying by more than 3,000 pesos every single month compared to what's available today.
Nook is the Philippines' first digital mortgage broker, and we work with all major Philippine banks — BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, and more — to find you the lowest refinance rate for your specific Avida unit. Whether your condo is in BGC, Quezon City, or outside Metro Manila, Nook handles the comparison, paperwork, and bank coordination for you at zero cost. If you're also comparing options for other Ayala Land developments, you might find our guide on Alveo High Park BGC condo refinancing useful, or explore the best home loan rates in Makati if your unit is in that area.
Refinancing an Avida Towers condo is straightforward when you have the right partner. Nook's team of mortgage specialists will assess your current loan, calculate your potential savings, and submit to multiple banks on your behalf — so you only need to sign once with the bank that offers the best 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 at any point during your loan term — you don't need to wait until your repricing date. However, it's worth checking if your current bank charges a prepayment penalty, which Nook will help you factor into your overall savings calculation before you commit to anything.
Most major Philippine banks accept Avida Towers condominiums as collateral, including BDO, BPI, Metrobank, Security Bank, RCBC, and UnionBank. Nook submits your application to multiple banks simultaneously so you can compare real offers side by side rather than applying one at a time.
Most banks require that your outstanding loan balance does not exceed 70–80% of the current appraised value of your unit (known as the loan-to-value ratio). Since Avida Towers properties have generally appreciated in value, many owners who bought a few years ago now have enough equity to qualify comfortably.
The typical refinancing timeline in the Philippines is 30 to 60 days from complete document submission to loan release. Nook streamlines this by preparing your documents upfront and coordinating directly with the banks on your behalf, which significantly reduces back-and-forth delays.
Nook's service is completely free for borrowers — we are compensated by the bank once your loan is successfully released, similar to how an insurance broker works. You will only pay standard third-party costs such as appraisal fees and notarial charges, which are required by all banks regardless of how you apply.
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