Your CIMB Bank home loan may be costing you more than it should. Refinancing through Nook could cut your monthly payment by thousands of pesos — with a fully digital process that takes the hassle out of switching.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
CIMB Bank positioned itself as a digital-first lender in the Philippines, and many borrowers were drawn in by the convenience of a fully app-based experience. But convenience at the point of application doesn't always translate into the most competitive rate over the life of your loan. If you took out a CIMB home loan a few years ago, your current rate could be sitting well above what is available in today's market — and that gap costs you real money every single month. You can check how your rate compares against current mortgage interest rates in the Philippines to see exactly where you stand.
Refinancing your CIMB home loan through Nook works by matching you with the Philippine bank offering the lowest available rate for your profile right now — currently as low as 5.99% p.a. Nook handles the comparison, paperwork coordination, and bank submission on your behalf, entirely free of charge to you. There are no broker fees, no hidden costs, and no obligation to proceed until you are completely comfortable with the offer on the table. The process is designed to be as digital and straightforward as the banking experience you already expect.
On a 3,000,000 peso loan with 20 years remaining, moving from a typical CIMB rate of 8.50% down to 5.99% could save you over 3,900 pesos every month — that is more than 700,000 pesos across the remaining life of your loan. Whether your goal is to reduce your monthly outgoings, pay off your home faster, or simply make sure you are not overpaying, a refinance check costs you nothing and could be one of the most valuable financial moves you make this year.
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, absolutely. Refinancing means taking a new home loan from a different lender to pay off your existing CIMB balance, ideally at a lower interest rate. Nook works with all major Philippine banks and will find the best available rate for your specific loan amount and remaining term.
Nook's service is completely free for borrowers. Nook is compensated by the bank you ultimately refinance with, so there is no broker fee charged to you at any point in the process. You only ever pay standard government and bank processing fees that apply to any home loan application.
From application to loan release, refinancing typically takes four to eight weeks depending on the receiving bank and how quickly documents are submitted. Nook guides you through each step and follows up with the bank on your behalf to keep things moving as efficiently as possible.
You will generally need your latest Statement of Account from CIMB, proof of income such as payslips or ITR, a copy of your Transfer Certificate of Title, and valid government-issued ID. Nook will give you a personalised checklist once you submit your initial application so you know exactly what to gather.
5.99% p.a. is the lowest rate currently available through Nook's panel of partner banks, and it is a genuine fixed rate for a set repricing period rather than a temporary promotional teaser. Your actual approved rate will depend on your loan-to-value ratio, income profile, and the bank's assessment, but Nook will always show you the best real offer you qualify for before you commit to anything.
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