Homeowners with an existing EastWest Bank home loan could be paying thousands more per month than necessary. Nook helps you refinance to rates as low as 5.99% p.a. — completely free of charge.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
EastWest Bank is a well-established home loan provider in the Philippines, but if you took out your mortgage several years ago, there's a strong chance your current interest rate no longer reflects what's available in today's market. Many EastWest borrowers are locked into rates of 9% or higher after their fixed-rate period repriced — often without realising how much that costs them every single month. Refinancing allows you to replace your existing loan with a new one at a lower rate, reducing your monthly amortisation and freeing up cash for things that matter more.
Through Nook, you can compare refinancing offers from multiple Philippine banks — including EastWest Bank itself — and find the most competitive terms for your specific loan profile. EastWest Bank offers refinancing rates starting at 5.99% p.a. for a 1-year fixed term, with options up to 7-year fixed for borrowers who prefer longer rate stability. With a minimum monthly income requirement of just ₱40,000 and approval typically completed in around 19 days, EastWest is one of the more accessible and efficient refinancing options available today.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. We handle the paperwork, coordinate with the bank on your behalf, and help you understand every step of the process. Whether you're refinancing away from EastWest or considering refinancing back to EastWest at better terms, Nook makes it simple, transparent, and cost-free. Note: Interest rates are subject to change — please verify current rates with Nook or directly with the bank 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, you are free to refinance your EastWest Bank home loan with any other participating lender. Nook works with multiple Philippine banks and can help you compare offers side by side to find the lowest available rate for your loan amount and profile. Switching banks for refinancing is a common and entirely legal process in the Philippines.
On a ₱3,000,000 loan with a remaining term of 20 years, switching from a 9.50% rate to 5.99% p.a. could reduce your monthly payment by around ₱4,850 — that's over ₱58,000 saved in the first year alone. Your actual savings will depend on your outstanding balance, remaining term, and the rate you qualify for.
EastWest Bank, like most Philippine lenders, may charge an early settlement or prepayment fee if you refinance within a fixed-rate lock-in period — typically 1 to 3 years from loan release. It's important to check your loan agreement for any applicable fees before proceeding. Nook can help you assess whether the savings from refinancing outweigh any exit costs.
Standard refinancing documents typically include a copy of your existing loan statement, proof of income (payslips or ITR), a photocopy of your TCT or CCT, the latest tax declaration, and a government-issued ID. Nook will provide you with a complete checklist tailored to your employment type and the bank you're refinancing to. EastWest Bank accepts applications from employed, self-employed, OFW, and BPO borrowers.
EastWest Bank typically completes home loan approvals in around 19 days, making it one of the faster-processing lenders in the Philippines. Nook helps streamline the process by ensuring your documents are complete and correctly submitted from the start. Most borrowers who apply through Nook are fully approved and transitioned to their new rate within 3 to 5 weeks.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →