If you took out a CTBC Bank home loan a few years ago, you could be paying significantly more than necessary. Nook helps you refinance to rates as low as 5.99% p.a. — completely free.
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Why this matters
CTBC Bank Philippines offers home loans to qualified borrowers, but like many banks, the rates on older loan accounts rarely keep pace with the most competitive options in the market today. If your current CTBC housing loan was locked in at 8% or higher, there is a strong chance that refinancing could reduce your monthly amortisation by thousands of pesos. With today's Philippine mortgage interest rates trending lower for well-qualified borrowers, now is an ideal time to review whether your existing loan is still working for you.
Refinancing your CTBC home loan means transferring your outstanding balance to a new lender — such as BPI, Security Bank, RCBC, or another competitive bank — at a lower interest rate and potentially better terms. This is not the same as taking out a new loan on a new property; it is simply moving your existing debt to a lender offering you a better deal. The process involves submitting your property documents, income records, and your latest CTBC loan statement of account, after which your new lender settles the outstanding balance directly with CTBC. Nook handles the comparison and paperwork coordination for you at zero cost.
Many CTBC borrowers assume refinancing is complicated or expensive, but the savings typically far outweigh any associated fees. On a 3,000,000 peso loan with 20 years remaining, dropping from 8.50% to 5.99% can save you over 873,000 pesos across the life of the loan — that is money that stays in your family's pocket instead of going to your bank. Nook's licensed mortgage specialists will assess your specific situation, compare offers from multiple Philippine banks on your behalf, and guide you through every step of the transfer process.
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 transfer your CTBC housing loan to any accredited bank in the Philippines that offers lower rates. This is known as a loan take-out or refinancing transfer, and it is a completely legal and common practice. Nook can help you compare current offers from BDO, BPI, Security Bank, RCBC, and others to find the best fit for your situation.
Your savings depend on your outstanding balance, remaining loan term, and the difference between your current rate and the new rate you qualify for. On a 3,000,000 peso balance at 8.50%, refinancing to 5.99% saves roughly 4,850 pesos per month and over 873,000 pesos across a 20-year term. Use Nook's free calculator to get an estimate based on your actual figures.
You will typically need your latest CTBC loan statement of account, the original Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), a tax declaration, proof of income (payslips or ITR), and valid government-issued IDs. Your new lender will also require a property appraisal, which is usually arranged and covered as part of the application process. Nook's team will provide you with a complete checklist once you start your application.
The typical refinancing process in the Philippines takes between 45 and 90 days from submission of complete documents to full loan release and title transfer. The timeline depends largely on how quickly documents are gathered and how responsive the registries of deeds are in your property's location. Working with Nook can help you avoid delays by ensuring your application is complete and properly submitted from the start.
Yes, Nook's service is 100% free for borrowers. Nook earns a fee from the receiving bank once your loan is successfully transferred, similar to how a real estate broker earns from the seller rather than the buyer. You get expert guidance, bank comparisons, and application support at absolutely no cost to you.
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