CTBC Bank homeowners are discovering they can save significantly by refinancing — Nook finds you the lowest available rate at 5.99% p.a., completely free of charge.
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Why this matters
CTBC Bank Philippines has built a reputation for disciplined, internationally-backed banking — but even well-run banks reprice their home loan portfolios over time. If you took out your CTBC home loan more than two or three years ago, there's a strong chance your current rate is sitting somewhere between 8% and 10% p.a. That gap between what you're paying and what the market now offers could be costing you tens of thousands of pesos every single year. Refinancing is simply the act of replacing your existing loan with a new one at a lower rate — and right now, the best refinance rate available through Nook is 5.99% p.a.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with all major Philippine banks to surface the most competitive refinancing offers available for your specific loan profile. Instead of calling each bank individually, filling out multiple application forms, and trying to decode different fee structures, you submit once through Nook and we handle the comparison for you. Whether you originally borrowed from CTBC, another private bank, or a government lender, we can help you find a better deal. You can check current mortgage interest rates in the Philippines to understand where the market stands before you decide.
The refinancing process typically takes four to eight weeks and involves standard documentation: proof of income, your most recent loan statement, property documents, and a government-issued ID. Most borrowers find the paperwork straightforward, especially with Nook guiding each step. The key question isn't whether refinancing is complicated — it's whether your current rate is worth keeping. For most CTBC homeowners paying above 7.5%, the numbers almost always point toward switching. Use the savings calculator above to see exactly what a lower rate means for your monthly budget and long-term total interest paid.
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 to a different bank is completely legal and very common in the Philippines. You simply take out a new loan with another lender, use those funds to pay off your CTBC balance, and begin making payments at your new — hopefully lower — interest rate. Nook helps you identify which bank will offer you the best terms.
A general rule of thumb is that refinancing makes financial sense if your new rate is at least 1 percentage point lower than your current rate. With Nook's best available rate at 5.99% p.a., most borrowers currently paying 7% or above will see meaningful savings. The calculator on this page gives you a personalised estimate based on your loan amount.
Refinancing does involve some one-time costs, typically including a processing fee from the new lender, notarial fees, and documentary stamp tax. However, these upfront costs are usually recovered within 12 to 24 months of lower monthly payments, after which you're in pure savings territory. Nook's service itself is always free to the borrower.
Standard refinancing documents include your latest CTBC loan statement, certificate of title (TCT or CCT), tax declaration, proof of income (payslips or ITR for the last two years), and a valid government-issued ID. If you're employed, you'll also need a certificate of employment. Nook provides a full checklist once you start your application.
The typical refinancing timeline in the Philippines is four to eight weeks from submission of complete documents to loan release. The process involves bank credit evaluation, property appraisal, and legal document preparation. Nook keeps you informed at every stage so there are no surprises, and we coordinate directly with the bank on your behalf.
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