EastWest Bank offers refinancing rates starting at 5.99% p.a. — if you're currently paying 8% or more, switching could save you thousands every month.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
If your home loan is more than a few years old, there's a good chance you're paying an interest rate that no longer reflects the market. Many Filipino homeowners are locked into rates of 8%, 9%, or even higher — rates that were set years ago and have never been revisited. EastWest Bank's refinancing program is designed specifically to help borrowers like you break free from those outdated rates and move to something far more competitive. With a 1-year fixed rate of 5.99% p.a., a 3-year fixed at 6.25%, and a 5-year fixed at 6.49%, EastWest gives you genuine flexibility to choose a repricing period that matches your financial plans. You can learn more about who qualifies on the EastWest Bank housing loan requirements page.
Refinancing through Nook means you don't have to navigate the process alone — or pay for the help. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We handle the comparison, paperwork coordination, and bank communication on your behalf, so you spend less time on admin and more time enjoying the savings. EastWest Bank accepts applications from a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals — with a minimum monthly income requirement of just 40,000. Typical approval takes around 19 days, making it one of the faster timelines among major Philippine banks.
On a 3,000,000 loan with a remaining term of 20 years, switching from 8.50% to 5.99% can reduce your monthly amortisation by over 4,000 pesos — that's real money back in your pocket every single month. Over the life of your loan, the difference compounds into hundreds of thousands of pesos in total savings. If you're ready to see the full picture before you decide, check out the EastWest Bank home loan rates and calculator to run your own numbers. Interest rates are subject to change — verify the latest rates with EastWest Bank or through Nook before finalising your 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's lowest refinancing rate is 5.99% p.a. on a 1-year fixed term, available through Nook. If you prefer a longer fixed period for more payment stability, EastWest also offers 6.25% for 3 years and 6.49% for 5 years. Rates are subject to change, so it's best to check current offers through Nook or directly with EastWest Bank.
EastWest Bank requires a minimum monthly income of 40,000 pesos, and they accept a wide variety of employment types — including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. Your total monthly debt obligations, including the new loan payment, should not exceed 40% of your gross monthly income. Nook can help you assess your eligibility before you formally apply.
EastWest Bank typically processes and approves home loan refinancing applications in around 19 days, which is competitive compared to many other Philippine banks. This timeline assumes all required documents are submitted completely and accurately from the start. Working with Nook helps reduce delays since our team assists with document preparation and follows up with the bank on your behalf.
Yes — Nook's service is 100% free for homeowners. We are compensated by the banks when a loan is successfully processed, so there is no fee charged to you at any point. You get full broker support, rate comparisons across multiple partner banks, and guided application assistance without spending a single peso.
Absolutely — refinancing by definition means moving your existing home loan from your current lender to a new one, in this case EastWest Bank. Whether your current loan is with BDO, BPI, Metrobank, Security Bank, or any other lender, you can apply to refinance with EastWest as long as you meet their eligibility criteria. Nook will help you compare the numbers and determine whether switching makes financial sense for your specific situation.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →