If you have a home loan with CIMB Bank or are considering switching to them, Nook can help you compare the best refinancing rates in the Philippines — including options as low as 5.99% p.a. — completely free.
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Why this matters
CIMB Bank has built a reputation in the Philippines as a digitally forward financial institution, attracting borrowers who value convenience and technology-driven banking. However, when it comes to home loan refinancing, digital convenience should never come at the cost of a competitive interest rate. Many homeowners with existing loans — whether at CIMB or at other banks — are still paying rates of 8% to 9.5% p.a. on their housing loans, often without realising how much that gap is costing them each month. With current mortgage interest rates in the Philippines as low as 5.99% p.a., the opportunity to save is very real.
Refinancing your home loan means replacing your existing loan with a new one at a lower interest rate, ideally without resetting too much of your loan term. On a 3,000,000 peso loan with 20 years remaining, the difference between an 8.50% rate and a 5.99% rate can translate to savings of over 4,500 pesos every single month. Over the life of the loan, that adds up to more than 800,000 pesos — money that stays in your pocket rather than going to your bank. Nook compares rates across multiple Philippine lenders so you can make an informed switch with confidence.
Whether you are currently with CIMB Bank or considering them as your destination lender, Nook acts as your independent digital mortgage broker — navigating the paperwork, comparing bank offers, and guiding you through the entire process at zero cost to you. Our service is 100% free for borrowers because we are compensated by the banks, not by you. Getting started takes just a few minutes online, and our specialists will handle the heavy lifting from there.
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 offers digital banking convenience, but the most competitive home loan refinancing rates in the Philippines currently sit as low as 5.99% p.a. through lenders Nook works with. The best approach is to let Nook compare all available options for your specific loan amount and remaining term, so you are not limited to a single bank's offer.
On a 3,000,000 peso loan with 20 years remaining, switching from 8.50% to 5.99% p.a. can reduce your monthly payment by over 4,500 pesos — that is more than 800,000 pesos in total interest savings over the loan term. Your actual savings will depend on your outstanding balance, remaining term, and the rate you qualify for.
Typically you will need a valid government-issued ID, proof of income (payslips or ITR for the past two years), your existing loan statements, and the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) of the property. Nook's specialists will give you a personalised checklist once you submit your application so nothing falls through the cracks.
The refinancing process typically takes 4 to 8 weeks from application to loan release, depending on the bank and the completeness of your documents. Nook helps speed this up by preparing your application correctly the first time and following up directly with the bank on your behalf.
Yes, Nook's service is completely free for homeowners. Nook is compensated by the lending banks when a loan is successfully processed, which means you get expert guidance, rate comparisons across multiple banks, and full application support without paying a single peso in broker fees.
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