If you're currently with EastWest Bank or another lender, you could refinance to rates as low as 5.99% p.a. through Nook — and save thousands every year on your mortgage.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Many Filipino homeowners who took out a home loan with EastWest Bank several years ago are still paying rates of 8% to 10% per annum — rates that made sense at the time, but may no longer be competitive in today's market. Refinancing your home loan means switching your existing mortgage to a new lender offering a lower interest rate, which directly reduces your monthly amortisation and frees up cash for other priorities. Through Nook, you can compare EastWest Bank's current housing loan rates alongside other top Philippine banks, all in one place and at zero cost to you.
EastWest Bank is actually a Nook partner bank, which means if you're looking to refinance to EastWest — not just away from them — we can also help with that. Their 1-year fixed rate starts at 5.99% p.a., with a 3-year fixed at 6.25% and a 5-year fixed at 6.49%. They accept a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, and self-employed professionals, with a minimum monthly income requirement of ₱40,000. Typical approval takes around 19 days. Whether you want to refinance with EastWest or use them as a benchmark while you explore better options, Nook gives you a complete picture. You can also check who qualifies for an EastWest housing loan before you apply.
Nook's service is 100% free for borrowers. We work with multiple partner banks across the Philippines, and our mortgage specialists handle the comparison, paperwork coordination, and bank communication on your behalf. There are no broker fees, no hidden charges — just expert guidance designed to get you the lowest rate your profile qualifies for. If refinancing makes financial sense for your situation, we'll tell you. If it doesn't, we'll tell you that too. Please 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, you can refinance your EastWest Bank home loan to any other participating lender in the Philippines, as long as you meet their eligibility requirements and your property qualifies. Refinancing is a standard financial process where your new bank pays off your existing EastWest loan and takes over as your lender at a new — ideally lower — interest rate. Nook can help you identify which banks offer the best rates for your specific loan amount, remaining term, and employment profile.
Absolutely — EastWest Bank is a Nook partner bank, so we can facilitate refinancing applications directly with them. Their refinancing rates start at 5.99% p.a. for a 1-year fixed term, which is among the most competitive in the market. If you're currently with BDO, BPI, Metrobank, or another lender and want to switch to EastWest for a better rate, Nook can handle the entire process for free.
Your savings depend on your outstanding loan balance, your current interest rate, and the new rate you qualify for. For example, on a ₱3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% p.a. could reduce your monthly payment by roughly ₱3,892 — that's over ₱46,000 in savings per year. Use Nook's tools or speak with one of our mortgage specialists to get a personalised calculation based on your actual loan details.
Standard refinancing documents typically include a valid government-issued ID, proof of income (payslips, ITR, or COE depending on your employment type), your existing loan statement of account, and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. EastWest Bank and other lenders may have slightly different checklists, but Nook will guide you through exactly what's needed once we assess your application. You can also review EastWest Bank's housing loan requirements and rates for a detailed overview.
No — Nook's mortgage brokering service is completely free for borrowers. We are compensated by the banks when a loan is successfully placed, so there is no cost to you at any stage of the process. You get professional advice, bank comparisons, and application support without paying a single peso in broker fees.
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