Refinancing your home loan to EastWest Bank could cut your monthly payment significantly — with rates starting at 5.99% p.a. and approval in as fast as 19 days.
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Why this matters
If you took out a home loan a few years ago, there's a strong chance you're still paying the rate your bank gave you back then — and a lot has changed since. EastWest Bank currently offers one of the most competitive refinance rates in the market, starting at just 5.99% p.a. on a 1-year fixed term. For a loan of 3,000,000 with a 20-year remaining term, that translates to thousands of pesos back in your pocket every single month. You can also use Nook's EastWest housing loan calculator to see exactly what your new monthly payment would look like before you apply.
EastWest Bank accepts a wide range of borrower profiles — including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. With a minimum monthly income requirement of 40,000, it's one of the more accessible refinance options available through Nook. The bank also supports multiple loan purposes beyond refinancing, including home equity, renovation, and new construction — so if your needs evolve, your loan can too. For a full breakdown of eligibility criteria, check out the EastWest Bank housing loan requirements and rates guide.
Applying through Nook is completely free for borrowers. Nook acts as your mortgage broker, helping you compare rates across multiple partner banks, prepare your documents, and submit your application — all at no cost to you. There are no broker fees, no hidden charges, and no obligation to proceed. Interest rates are subject to change; borrowers are encouraged to verify current rates with EastWest Bank or through Nook before finalising any application.
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
EastWest Bank currently offers refinance rates starting at 5.99% p.a. for a 1-year fixed term, with options up to 7.00% p.a. for a 7-year fixed period. These rates are available to qualified borrowers applying through Nook. Rates are subject to change, so we recommend checking with Nook for the latest confirmed rates before applying.
EastWest Bank accepts a broad range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is 40,000. You'll also need to meet standard credit and loan-to-value requirements, which a Nook advisor can walk you through.
EastWest Bank typically processes refinance applications in around 19 days, which is faster than many traditional banks. Timelines can vary depending on the completeness of your documents and the complexity of your application. Applying through Nook helps ensure your submission is complete and correctly prepared from the start.
No — Nook's service is 100% free for borrowers. Nook earns a referral fee from the bank, not from you, so there's no broker fee or hidden charge at any stage of the process. You get expert guidance, rate comparisons, and application support at zero cost.
Yes, you can refinance your existing home loan from any Philippine bank — including BDO, BPI, Metrobank, Security Bank, or Pag-IBIG — to EastWest Bank, as long as you meet the eligibility requirements. This is actually one of the most common refinance scenarios Nook handles. The process involves settling your old loan using proceeds from the new EastWest Bank loan, which is facilitated through the refinancing process.
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