If you have an existing home loan with EastWest Bank, refinancing through Nook could unlock a rate as low as 5.99% p.a. — and save you thousands of pesos every single month, completely free.
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Why this matters
EastWest Bank is a well-regarded home loan provider in the Philippines, offering competitive fixed-rate packages and flexible loan purposes — from refinancing and renovation to ready-for-occupancy and pre-selling properties. But if you took out your EastWest home loan a few years ago, your current repricing rate may now be significantly higher than what's available in today's market. Many Filipino homeowners are still paying rates of 8% to 10% when options as low as 5.99% p.a. are now accessible. That gap translates directly into money leaving your pocket every month — money that could be building your savings instead. You can use our EastWest Bank housing loan calculator to see exactly how much your current loan is costing you versus what refinancing could look like.
Refinancing your EastWest Bank home loan through Nook means you're not just switching lenders — you're getting an independent broker working on your behalf at zero cost. Nook compares rates across the Philippines' leading banks, including EastWest Bank itself, to find you the most competitive option for your specific situation. Whether your goal is to lower your monthly repayment, shorten your loan term, or access your home equity, Nook matches you to the right product and handles the paperwork from start to finish. EastWest Bank's 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% — among the most competitive in the market right now. To understand the full picture of what EastWest offers, see our detailed EastWest Bank housing loan rates and requirements guide.
Qualifying for a refinance through Nook is more straightforward than most homeowners expect. EastWest Bank requires a minimum monthly income of 40,000, accepts a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed — and typically approves applications within 19 days. Your debt-to-income ratio should be within 40% of your gross monthly income. If you're unsure whether you qualify, Nook's team will assess your eligibility for free and walk you through your options without any obligation to proceed. Interest rates are subject to change — we recommend verifying current rates directly with Nook or EastWest Bank before making any 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 — Nook can help you refinance an existing EastWest Bank home loan, either by moving to another bank with a lower rate or by repricing within EastWest itself. Nook will compare your options across multiple lenders to make sure you get the best deal available. The service is completely free for borrowers.
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 home loan refinancing. These rates are among the most competitive available in the Philippines right now. Note that rates are subject to change, so we recommend confirming the latest figures directly with Nook.
Savings depend on your current rate, remaining loan balance, and the new rate you qualify for. On a 3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% could reduce your monthly payment by over 3,000 pesos and save you more than 550,000 pesos over the life of the loan. Use Nook's free quote to get a personalised savings estimate based on your actual loan details.
EastWest Bank requires a minimum monthly income of 40,000 pesos and a maximum debt-to-income ratio of 40%. The bank accepts a broad range of borrower profiles, including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. Nook will review your eligibility for free before you submit any formal application.
EastWest Bank typically approves home loan refinancing applications within approximately 19 days, which is faster than many other Philippine banks. Nook manages the entire process on your behalf — from document preparation to bank submission — so you don't have to deal with the paperwork yourself. Most clients find the process far less stressful when working with a dedicated broker.
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