IT Park condos and nearby properties command premium prices — your mortgage rate shouldn't match. Refinance through Nook and pay as low as 5.99% p.a., completely free of charge.
CEBU IT PARK PROPERTY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Cebu IT Park has transformed the Apas district into one of the most sought-after addresses in the Visayas. With BPO towers, upscale dining, and a walkable lifestyle that rivals BGC, it's no surprise that condominiums and townhouses in and around the IT Park corridor — from Lahug to Cebu Business Park — carry strong valuations. But many homeowners who purchased or refinanced two to five years ago are still locked into rates of 8% to 10%, paying thousands of pesos more every month than they need to.
Nook is the Philippines' first digital mortgage broker, and we work with leading banks including BDO, BPI, Security Bank, Metrobank, and more to find you the sharpest refinance rate available — currently as low as 5.99% p.a. On a 3,000,000-peso loan with 20 years remaining, that kind of rate drop can free up over 4,500 pesos every single month. There are no broker fees, no hidden charges, and no branch visits required. If you're curious how rates compare across major property corridors, you can also explore best home loan rates in Makati for 2026 to benchmark what competitive refinancing looks like nationwide.
Whether your property sits inside the IT Park gates or in the surrounding Cebu City tech belt, Nook's fully digital process makes refinancing straightforward. You submit your documents online, we shop your application across multiple banks simultaneously, and you choose the offer that works best for you. Most clients complete the process without a single bank visit. Start your free assessment today and find out exactly how much your IT Park property could be saving you 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 — condominiums and residential units within or immediately adjacent to Cebu IT Park are eligible for refinancing through Nook's partner banks. Banks typically assess the property's current market value and your outstanding loan balance, and IT Park properties generally hold strong valuations that support competitive loan-to-value ratios. Nook will guide you through the documentation required for your specific building or development.
The best rate currently available through Nook is 5.99% p.a., though your actual rate will depend on factors such as your loan amount, remaining term, property appraisal, and the bank you qualify with. Most homeowners in the IT Park area are currently paying between 7.5% and 10%, so even a move to 6.5% or 7% can generate meaningful monthly savings. Nook will show you offers from multiple banks so you can compare and choose.
Nook's service is 100% free for borrowers — there are no broker fees, application fees, or consultation charges at any stage. Nook earns a referral fee from the bank only if your loan is successfully approved and disbursed, so there is no cost to you regardless of the outcome. Standard bank processing fees and documentary stamp taxes still apply as they would with any refinance.
The refinancing process typically takes four to eight weeks from application to loan release, depending on how quickly documents are gathered and the bank's internal processing timelines. Nook's digital platform streamlines the submission process significantly, and our team actively follows up with the bank on your behalf. Having complete documents ready — including your latest loan statement, income documents, and property title — helps avoid delays.
No — you can refinance away from any bank, including BDO, BPI, Metrobank, Security Bank, PNB, RCBC, or Pag-IBIG, and move to whichever lender offers you the best new rate. The process involves the new bank paying off your existing loan in full and issuing you a fresh mortgage at the lower rate. Nook works with all major Philippine banks and will identify which one is most likely to offer you the sharpest deal based on your profile.
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