If you have an existing EastWest Bank home loan, you may be paying more than you need to. Nook can help you refinance to rates as low as 5.99% p.a. — and our service is completely free.
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Why this matters
EastWest Bank is a well-regarded home loan provider in the Philippines, offering competitive rates and a range of loan purposes — from ready-for-occupancy units to refinancing and home equity. But if you took out your EastWest housing loan a few years ago, there's a good chance your current interest rate no longer reflects what's available in today's market. Rates reset at the end of each fixed period, and many borrowers find themselves repriced upward without realising they have options. That's where Nook comes in. As a digital mortgage broker, we work with EastWest Bank and other leading Philippine lenders to find you the best available refinance rate — with no broker fees charged to you. You can learn more about EastWest Bank's current housing loan offerings to understand what you might qualify for today.
Refinancing your EastWest home loan through Nook means you get access to their 1-year fixed rate of 5.99% p.a. — one of the lowest available from any bank in the Philippines right now. On a 3,000,000 peso loan with 20 years remaining, that difference in rate can translate to over 3,000 pesos in monthly savings compared to a rate of 8.50%. Over the life of the loan, that adds up to hundreds of thousands of pesos staying in your pocket instead of going to interest. If you want to check figures for your own loan balance, the EastWest Bank housing loan calculator is a helpful starting point before you speak with a Nook advisor.
Applying through Nook takes just a few minutes online. Our advisors handle the paperwork, coordinate with the bank on your behalf, and keep you updated throughout the process — EastWest Bank typically approves refinance applications in around 19 days. Whether your goal is to lower your monthly payment, shorten your loan term, or free up cash through a home equity loan, Nook will help you find the right structure. There's no obligation to proceed after your free consultation, and you'll never be charged a fee for our service. Note that interest rates are subject to change — we recommend verifying current rates directly with the bank or through a Nook advisor before making any financial decisions.
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, it is possible to refinance before your fixed period ends, but you may be subject to an early repayment fee from EastWest Bank. Nook advisors will help you calculate whether the savings from refinancing still outweigh any breakage costs, so you can make an informed decision.
Your savings depend on your outstanding loan balance, remaining term, and the difference between your current rate and the new rate. For example, on a 3,000,000 peso loan at 8.50% refinanced to 5.99%, you could save over 3,000 pesos per month and more than 550,000 pesos over 20 years.
EastWest Bank currently offers a 1-year fixed 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. for refinancing. These rates are among the most competitive available in the Philippine market, though rates are subject to change — confirm the latest figures with Nook or directly with the bank.
No — Nook's service is completely free for borrowers. We are compensated by the bank when a loan is successfully placed, so you get full broker support, document assistance, and rate comparison at zero cost to you.
Typical requirements include a valid government-issued ID, proof of income such as payslips or ITR, your latest Statement of Account from your current lender, and the Transfer Certificate of Title (TCT) of the property. Requirements can vary based on your employment type and loan purpose — check the full EastWest Bank housing loan requirements guide for a detailed checklist.
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