If you have a CIMB Bank home loan, you could be paying thousands more per month than necessary. Nook helps you switch to a rate as low as 5.99% p.a. — completely free.
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No commitment. No credit check. Just your numbers.
Why this matters
CIMB Bank entered the Philippine market as a digital-first challenger bank, and while its home loan products attracted early adopters with competitive introductory rates, many borrowers find themselves locked into rates of 8% to 9% or higher after their fixed-rate period ends. If your loan has repriced and you haven't reviewed your options recently, there's a good chance you're overpaying every single month. Refinancing with a traditional or digital lender through Nook could bring your rate down to as low as 5.99% p.a. — a difference that compounds significantly over the remaining life of your loan. You can check how your current rate stacks up by reviewing current mortgage interest rates in the Philippines before you start.
Nook is the Philippines' first digital mortgage broker, and our service costs borrowers absolutely nothing. We work with a panel of leading Philippine banks — including BDO, BPI, Security Bank, Metrobank, RCBC, and more — to find you the most competitive refinancing offer based on your property, loan balance, and financial profile. Instead of approaching each bank individually and submitting duplicate paperwork, you submit once through Nook and we handle the legwork. The process is designed to be simple, transparent, and stress-free, with a dedicated advisor guiding you from application through to approval.
The numbers speak for themselves. On a 3,000,000 loan balance with 20 years remaining, moving from 8.50% to 5.99% can save you over 4,000 pesos every month — that's more than 800,000 pesos over the life of your loan. Whether your goal is to reduce your monthly cash outflow, pay off your home faster, or free up money for other priorities, refinancing is one of the most impactful financial moves a Filipino homeowner can make. Get started with Nook today and find out exactly how much you could save.
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, you can refinance your CIMB Bank home loan to any participating bank in the Philippines, provided you meet that bank's eligibility requirements. Nook works with multiple lenders and will match you with the institution most likely to offer you the best rate based on your loan profile. The process typically takes 4 to 8 weeks from application to loan release.
Nook's service is 100% free for borrowers — we earn a referral fee from the bank, not from you. You will still need to budget for standard third-party refinancing costs such as appraisal fees, documentary stamp tax, and registration fees, which typically range from 30,000 to 60,000 pesos depending on your loan amount and property location. Your Nook advisor will give you a clear cost estimate upfront so there are no surprises.
Nook generally works with home loan balances of 1,000,000 pesos and above. Most of the banks on our panel have their own minimum loan amount requirements, which your advisor will confirm during the application process. If your outstanding balance is close to this threshold, it's still worth checking — the monthly savings may still be meaningful.
The simplest way to assess whether refinancing makes sense is to compare your current interest rate against the best available market rates and calculate the break-even point — that is, how many months it takes for your monthly savings to cover the one-time refinancing costs. If your rate is above 7.5% and you have more than 10 years remaining on your loan, refinancing is almost always worth exploring. Nook provides free personalised savings calculations so you can make an informed decision.
Standard documents include a valid government-issued ID, proof of income (payslips or ITR for the last two years), your latest CIMB loan statement, and your property's Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT). Your Nook advisor will send you a complete checklist once you start your application, and our team will help you organise everything to avoid delays. If you're also comparing lenders, it's helpful to review what other banks require — for example, see our guide on BPI housing loan requirements in the Philippines.
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