Filipino homeowners with a CTBC Bank Philippines housing loan are often paying rates above 8% — Nook can switch you to as low as 5.99% p.a. for free.
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Why this matters
CTBC Bank Philippines, the local arm of Taiwan's CTBC Financial Holding, offers housing loans to Filipino borrowers — but like many smaller foreign-affiliated banks operating here, their repricing rates after the fixed period can creep well above what the country's largest domestic lenders are offering. If your CTBC home loan has already repriced once or twice, there's a strong chance you're now sitting on a rate between 8% and 10%, paying thousands more every month than you need to.
Refinancing means moving your outstanding home loan balance to a new lender that offers a lower interest rate. Through Nook, you can compare refinancing offers from BDO, BPI, Metrobank, Security Bank, RCBC, and more — all in one place, without having to call each bank individually or sit through multiple loan officer meetings. On a ₱3,000,000 balance over a 20-year term, dropping from 8.50% to 5.99% saves you over ₱4,500 every single month.
Nook's service is completely free for borrowers. We are compensated by the bank you choose, not by you — so you get independent advice and a genuinely better deal without paying a single peso in broker fees. The whole process is handled digitally, and our team guides you through every document and requirement so switching banks feels straightforward, not stressful.
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 simply means a new bank pays off your remaining CTBC balance and issues you a fresh loan under their own — usually lower — interest rate. Major Philippine banks like BDO, BPI, and Security Bank regularly accept refinancing applications from borrowers with existing loans at other institutions, including foreign-affiliated banks like CTBC.
You'll typically need a copy of your latest Statement of Account or Certificate of Outstanding Balance from CTBC, your original Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), proof of income such as payslips or ITR, and valid government IDs. Nook will give you a complete, bank-specific checklist once you submit your details so nothing catches you off guard.
Some banks charge a pre-termination fee if you exit the loan during a fixed-rate lock-in period, so it's worth checking your CTBC loan agreement first. That said, even with a one-time penalty, many borrowers find that the long-term monthly savings from a lower rate outweigh the exit cost within the first year or two. Nook can help you calculate whether the switch still makes financial sense in your specific situation.
The typical refinancing timeline in the Philippines runs between 30 and 60 days from complete document submission to loan release. The main variables are how quickly your new bank processes the appraisal and legal review of your property title. Nook keeps you updated at every stage so you always know what's happening and what's next.
Nothing. Nook's mortgage brokering service is 100% free for borrowers — we are paid a referral fee by the bank you ultimately choose, not by you. You get access to multiple competing refinancing offers, personalised guidance, and document support without paying any broker commission or service fee.
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