If you took out a home loan with CTBC Bank Philippines, there's a good chance you're paying more than you need to. Nook can help you refinance to as low as 5.99% p.a. — and the service is completely free.
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Why this matters
CTBC Bank Philippines offers home loans to a range of borrowers, but like many bank-fixed products, the rates you locked in at origination may no longer be competitive in today's market. Philippine banks typically reprice home loans every 1, 2, or 3 years, and if your repricing cycle has passed, you could be sitting on a rate well above 8% — sometimes higher. Refinancing means moving your outstanding loan balance to a new lender at a lower interest rate, which directly reduces your monthly amortisation and the total interest you pay over the life of your loan. You can check current mortgage interest rates in the Philippines to see how CTBC's rate compares to what's available right now.
Nook is the Philippines' first digital mortgage broker, and we work with multiple banks to find you the best refinance rate available — currently as low as 5.99% p.a. On a 3,000,000 peso loan with a 20-year remaining term, moving from 8.50% to 5.99% can reduce your monthly payment by over 3,000 pesos. That's more than 36,000 pesos back in your pocket every year, and over half a million pesos saved across the remaining life of your loan. Nook's service is 100% free to you — we are compensated by the bank, not the borrower.
The refinancing process is simpler than most homeowners expect. Once you submit your details through Nook, we compare offers from BDO, BPI, Security Bank, RCBC, Metrobank, and other major Philippine lenders on your behalf. We guide you through every step of the application, from document preparation to bank approval. If you're also exploring other lenders or simply want to understand your options, our guides on BPI housing loan requirements can give you a sense of what top-tier banks typically look for in a refinance applicant.
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, absolutely. Refinancing your CTBC home loan to a different bank is a straightforward process in the Philippines. Nook works with multiple banks and can help you find a lender offering a lower rate than what you're currently paying at CTBC, often with minimal out-of-pocket cost to get started.
Savings depend on your outstanding loan balance, remaining term, and current CTBC rate. On a 3,000,000 peso loan at 8.50% with 20 years remaining, switching to 5.99% saves approximately 3,069 pesos per month — or over 552,000 pesos in total. Use Nook's free assessment to get a personalised estimate.
Many Philippine banks charge an early redemption fee if you refinance during a fixed-rate lock-in period, which is typically 1 to 3 years from loan drawdown or last repricing. It's worth checking your CTBC loan documents or calling CTBC directly to confirm whether a penalty applies. Nook can help you weigh this cost against your projected savings to determine if refinancing still makes financial sense.
Standard refinance requirements include a government-issued ID, proof of income (payslips or ITR for the last two years), your latest CTBC loan statement, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and a tax declaration for the property. Requirements may vary slightly by bank. Nook will provide you with a clear checklist once you submit your details.
The refinancing timeline in the Philippines typically runs between 4 to 8 weeks from application to loan takeout, depending on the receiving bank and how quickly documents are submitted. Nook helps streamline the process by preparing your application correctly from the start, reducing back-and-forth with the bank and keeping things moving as fast as possible.
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