If you have an existing EastWest Bank home loan, you may be paying a rate that's 2% or more above today's best offers. Nook can help you refinance to as low as 5.99% p.a. — completely free.
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Why this matters
Many Filipino homeowners who took out a home loan with EastWest Bank several years ago are still locked into rates between 7% and 10% — rates that made sense at the time but are now well above what the market offers. Refinancing means replacing your current loan with a new one at a lower interest rate, which can significantly reduce your monthly payment and the total amount you pay over the life of your loan. As a Nook partner bank, EastWest Bank currently offers refinancing rates starting at 5.99% p.a. for a 1-year fixed term, making it one of the most competitive options available today. You can explore EastWest Bank's full housing loan rates and requirements to understand exactly what you may qualify for.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with multiple banks — including EastWest Bank — to find you the best refinancing deal based on your loan balance, income, and property. Instead of visiting multiple banks yourself and submitting paperwork over and over, Nook handles everything in one place. EastWest Bank's minimum monthly income requirement of P40,000 and typical approval time of around 19 days make it an accessible and efficient option for many homeowners. If you'd like to estimate your potential savings before applying, try the EastWest Bank housing loan calculator to run the numbers.
Whether you're looking to lower your monthly payments, shorten your loan term, or tap into your home equity, refinancing through Nook gives you access to multiple lenders and unbiased guidance at no cost. EastWest Bank supports a wide range of loan purposes including refinancing, home equity, renovation, and new construction — and accepts borrowers across employment types including private employees, OFWs, self-employed professionals, and BPO workers. The best time to refinance is before your next repricing date, so don't wait until your bank sets a higher rate for another fixed period. Note that interest rates are subject to change; always verify current rates directly with the bank or through Nook before making a decision.
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. Nook works with a panel of Philippine banks and can help you move your home loan from EastWest Bank to a lender offering a lower rate. The process is streamlined and Nook handles the coordination between banks on your behalf, at no cost to you.
Yes. Since EastWest Bank is a Nook partner bank, we can help you refinance your existing loan under a new, lower rate with EastWest Bank itself. This is sometimes called an internal refinance or repricing, and it can still result in significant savings if your current rate is above market.
EastWest Bank currently offers a 1-year fixed refinancing rate of 5.99% p.a., a 3-year fixed rate of 6.25% p.a., and a 5-year fixed rate of 6.49% p.a. These rates are subject to change, so it's best to confirm the latest figures with Nook or directly with EastWest Bank before applying.
EastWest Bank's typical approval time for a home loan refinance is around 19 days, which is relatively fast compared to many other Philippine banks. Applying through Nook can help ensure your documents are complete from the start, which reduces the risk of delays.
EastWest Bank requires a minimum monthly income of P40,000 for home loan applicants, and they accept borrowers from a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. Nook can assess your eligibility and match you to the right lender before you formally apply.
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