CIMB Bank's digital-first approach means lower overhead and more competitive home loan rates. Find out how much you could save by switching through Nook.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
CIMB Bank has built its reputation in the Philippines by cutting out the inefficiencies of traditional banking. For home loan borrowers, this translates into interest rates that are genuinely competitive — not just on paper. If you took out your mortgage with a conventional bank two or more years ago, there is a real chance you are still paying a rate of 8% to 10% per annum, simply because refinancing felt complicated or you didn't know where to start. Nook makes that process straightforward, free, and entirely on your side. You can check today's mortgage interest rates in the Philippines to see exactly how your current rate stacks up.
When you refinance your home loan through Nook, we compare CIMB's digital rates alongside offers from over a dozen Philippine banks — including BDO, BPI, Security Bank, and Metrobank — so you always see the full picture before making a decision. CIMB's streamlined digital onboarding often means faster approval timelines and fewer administrative hurdles than you might expect from a traditional refinancing process. On a 3,000,000 peso loan with 20 years remaining, switching from a typical 8.50% rate to Nook's best available rate of 5.99% could reduce your monthly payment by more than 3,000 pesos — savings that add up to over half a million pesos across your loan term.
Nook's service is 100% free to borrowers. We are paid by the bank you ultimately choose, which means our incentive is always to find you the genuinely best deal — not to push a particular lender. Whether CIMB turns out to be the right fit or another bank edges ahead on your specific loan profile, you'll have clear, expert guidance at every step. Getting started takes just a few minutes online, and our team is available to walk you through every requirement from application to drawdown.
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
CIMB Bank is worth seriously considering if you value digital convenience and competitive pricing. Because CIMB operates with a leaner digital infrastructure than traditional branch-heavy banks, it is often able to offer interest rates that undercut older lenders. Nook will compare CIMB's offer alongside other banks so you can make a fully informed decision.
The best refinance rate currently available through Nook is 5.99% per annum. This rate is subject to your loan profile, property valuation, and the bank's credit assessment, but it gives you a strong benchmark to compare against what you are paying today. Most of the homeowners we help are currently on rates between 7% and 10%.
CIMB's digital-first process is generally faster than a traditional bank refinance, with approvals often completed within two to four weeks once all documents are submitted. The full process including title transfer and loan release can take six to ten weeks in total. Nook's team will keep you informed at every stage so there are no surprises.
Standard requirements include your valid government-issued ID, proof of income such as payslips or ITR, a copy of your existing loan statement, and documents related to the property such as the Transfer Certificate of Title and tax declaration. Your Nook advisor will give you a complete personalised checklist once we assess your loan. If you are also considering other lenders, you may find it helpful to review the BPI housing loan requirements guide to understand what a typical bank expects.
Refinancing involves a credit check by your new lender, which may cause a minor and temporary dip in your credit score. However, successfully refinancing to a lower rate and making consistent payments on your new loan tends to have a positive long-term effect on your credit profile. Nook coordinates the application process carefully to minimise unnecessary credit inquiries.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →