If you have an existing CTBC Bank home loan, you could be paying more than you need to. Nook connects you to rates as low as 5.99% p.a. — and switching costs you nothing.
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Why this matters
CTBC Bank Philippines brings a respected Taiwanese banking heritage to the local market, and many borrowers were initially drawn in by competitive introductory offers. But like most Philippine home loans, CTBC rates are typically fixed only for the first few years before repricing to a higher ongoing rate. If your fixed period has already ended — or is ending soon — there's a strong chance you're now paying a rate well above what the broader market offers. Check today's mortgage interest rates in the Philippines to see how your current CTBC rate stacks up.
Refinancing means switching your existing loan to a new lender offering a lower rate, which directly reduces your monthly repayment and the total interest you pay over the life of your loan. On a 3,000,000 loan at 8.50%, a typical CTBC borrower could be paying over 4,500 pesos more per month than necessary. Over a 20-year term, that gap compounds into hundreds of thousands of pesos in excess interest — money that could be going toward your family, investments, or paying down the loan faster.
Nook is the Philippines' first digital mortgage broker, and we do all the legwork of comparing lenders, preparing your documents, and coordinating with banks — completely free of charge to you. Whether you're currently with CTBC or any other bank, we help you find the best available refinance rate for your situation and guide you through the process from application to approval. There are no hidden fees, no obligation, and no pressure — just a clearer picture of what you could be saving.
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 CTBC Bank home loan to any participating bank in the Philippines at any time. The new bank pays off your remaining CTBC balance and issues you a fresh loan at a lower rate. Nook works with multiple Philippine banks and can help you identify which one offers the best terms for your specific loan amount and profile.
Some home loans include an early repayment or pre-termination fee, typically applied during the fixed-rate period — often the first 2 to 5 years. You should review your CTBC loan agreement or contact CTBC directly to confirm whether a penalty applies to you. In many cases, the monthly savings from refinancing outweigh any one-time exit fee within just a few months.
Through Nook, the lowest refinance rate currently available is 5.99% p.a., though the exact rate you qualify for will depend on factors like your loan amount, remaining term, property value, and credit history. The best way to find out your rate is to complete a free assessment with Nook, which typically takes just a few minutes online.
The refinancing process in the Philippines typically takes 4 to 8 weeks from application to loan release, depending on the receiving bank's processing speed and how quickly documents are submitted. Nook helps keep things moving by coordinating between you and the new bank, flagging any missing requirements early, and following up on your behalf throughout the process.
No — Nook's service is completely free to borrowers. We're compensated by the banks we work with, similar to how a real estate agent is paid by the seller, not the buyer. You get expert guidance, bank comparisons, and full application support at zero cost to you.
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