If your EastWest Bank home loan is repricing soon — or already has — you could be paying thousands more than necessary every month. Nook helps you compare refinancing options and switch to a better rate, completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
EastWest Bank is a well-established Philippine lender with a solid home loan product — but like all bank mortgages, your interest rate reprices after your fixed period ends, often jumping significantly higher. Many EastWest borrowers find themselves locked into rates of 8.5% or more after their initial fixed term, when the market has moved on. Refinancing means moving your outstanding loan balance to a new lender (or restructuring terms) at a lower rate, and with EastWest Bank's current 1-year fixed refinance rate of 5.99% p.a. available through Nook, the savings can be substantial. If you want to understand exactly what you'd qualify for, check out the EastWest Bank Housing Loan Calculator to model your specific scenario.
Refinancing through Nook works differently from going directly to a bank. As the Philippines' first digital mortgage broker, Nook shops your application across multiple lenders simultaneously — including EastWest Bank — so you can see competing offers side by side and choose the best fit for your financial situation. The entire service is free for borrowers; Nook earns a referral fee from whichever bank you ultimately choose. EastWest Bank accepts refinancing applications from salaried employees (private, government, BPO), OFWs, seafarers, self-employed individuals, and professionals, with a minimum monthly income requirement of 40,000 pesos and typical approval in as little as 19 days. For a full breakdown of who qualifies, see the EastWest Bank Housing Loan Requirements guide.
The right time to refinance is generally 6–12 months before your current fixed rate period ends — this gives you enough runway to complete the process without being caught on a higher floating rate. However, even if your rate has already repriced upward, refinancing now can still deliver significant lifetime savings. On a 3,000,000-peso outstanding balance with 20 years remaining, moving from 8.5% to 5.99% saves over 3,900 pesos every single month. Over the full remaining term, that compounds into hundreds of thousands of pesos staying in your pocket rather than going to the bank. Note that interest rates are subject to change — always verify current rates with your lender or broker 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. Refinancing means your new lender pays off your existing EastWest Bank balance and you begin repaying the new lender at the agreed rate and terms. There are no restrictions on switching banks in the Philippines, though you should check your current loan documents for any early repayment or cancellation fees that may apply during your fixed-rate period.
EastWest Bank currently offers a 1-year fixed refinance 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. through Nook. These rates are subject to change, so it's best to submit an inquiry through Nook to get a confirmed, personalised quote based on your loan amount and profile.
EastWest Bank's typical approval timeline is around 19 days from complete document submission. Nook helps you prepare and submit a complete application from the start, which avoids back-and-forth delays and keeps the process moving as quickly as possible.
Nook's brokerage service is 100% free to borrowers — there are no broker fees, consultation fees, or hidden charges from Nook at any stage. Standard bank processing fees and third-party costs (such as appraisal and notarial fees) may still apply, and Nook will walk you through what to expect before you commit.
EastWest Bank accepts a broad range of employment types including private sector employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum qualifying monthly income is 40,000 pesos, and your total monthly debt obligations (including the new mortgage payment) should not exceed 40% of your gross monthly income.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →