Filipino homeowners paying 7% or more on their home loan can refinance to 5.99% p.a. through Nook — with a fully online process and zero broker fees.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
CIMB Bank has built a reputation in the Philippines for its digital-first approach to banking, and many homeowners are now exploring whether its home loan refinancing options can deliver the lower rates that a new banking era promises. If you currently have a home loan with a traditional bank and your interest rate is sitting at 8.5% or higher, refinancing through Nook could cut your monthly payment by thousands of pesos — without the hassle of walking into multiple bank branches. You can check current mortgage interest rates in the Philippines to see exactly how your existing rate compares to what's available today.
Nook works as the Philippines' first digital mortgage broker, meaning we do the rate shopping across multiple lenders on your behalf — including competitive digital banking options — and present you with the best deal for your situation. Our service is completely free to borrowers. We earn a referral fee from the lender only when your loan settles, so there's no pressure and no hidden charges on your side. For a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% p.a. translates to roughly ₱4,550 in monthly savings and over ₱800,000 saved across the life of the loan.
The refinancing process in the Philippines has historically been paperwork-heavy and slow, but that's exactly the problem Nook was built to solve. You submit your details once through our online platform, and we handle coordination with lenders from application through to approval. Most clients receive their first offer within a few business days. Whether you're currently with a major universal bank or a digital lender like CIMB, the question worth asking right now is simple: when did you last review your home loan rate?
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. If you currently have a home loan with CIMB Bank and your interest rate is no longer competitive, Nook can help you refinance to a lower rate with another lender. We compare offers across multiple Philippine banks and financial institutions to find the best available rate for your loan amount and profile.
The best refinance rate currently available through Nook is 5.99% p.a., though the rate you qualify for will depend on your loan amount, remaining term, property value, and credit profile. Rates across Philippine lenders currently range from roughly 6% to 8%, so most homeowners paying 7.5% or above stand to benefit significantly from refinancing.
Nook's service is 100% free for borrowers — there are no broker fees, consultation fees, or application charges on your side. You will still need to budget for standard government and bank fees such as documentary stamp tax, registration fees, and appraisal costs, which typically range from 1% to 2% of the loan amount.
You'll generally need a valid government ID, proof of income (payslips or ITR for the last two years), your existing loan statement of account, and the Transfer Certificate of Title (TCT) for your property. If you're employed, a Certificate of Employment is also typically required. Nook will give you a clear document checklist once you start your application.
The end-to-end refinancing process typically takes four to eight weeks from application to loan release, depending on the lender and how quickly documents are submitted. Nook streamlines the process by managing communication with the bank on your behalf, which helps avoid the delays that commonly occur with self-managed applications.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →