EastWest Bank offers refinancing rates starting at 5.99% p.a. — switch today and keep thousands more in your pocket every year. Nook makes the process 100% free for you.
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Why this matters
If you took out your home loan a few years ago, there's a good chance you're still paying an interest rate well above what's available in the market today. Many Filipino homeowners are locked into rates of 8% to 10% — rates that made sense at the time but are now costing them significantly more than necessary. EastWest Bank, a Nook partner bank, currently offers 1-year fixed refinancing rates as low as 5.99% p.a., with 3-year and 5-year fixed options at 6.25% and 6.49% respectively. Switching your existing home loan to EastWest could reduce your monthly amortization by thousands of pesos and free up real money for your family's other needs.
EastWest Bank is known for its fast approval process — typically within 19 days — and for being accessible to a wide range of borrowers 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, refinancing through EastWest is within reach for many middle-income homeowners. Whether your property is a house and lot, condominium, or townhouse, EastWest can refinance your existing loan and even offer Home Equity options at 6.25% if you need additional funds. You can explore the full details on our EastWest Bank housing loan rates and requirements guide to understand what's available to you.
Applying through Nook is completely free — we're a licensed mortgage broker that does the legwork for you, comparing options across multiple banks so you get the best possible rate without the hassle of approaching banks individually. Once you submit your details, Nook's team will assess your current loan, calculate your savings, and guide you through the entire EastWest refinancing process from application to approval. If you're wondering whether you qualify, check out who can apply for an EastWest housing loan for a detailed breakdown of eligibility criteria. Interest rates are subject to change — verify current rates with Nook or EastWest 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
EastWest Bank currently offers a 1-year fixed refinancing rate of 5.99% p.a. through Nook. Longer fixed periods are also available — 3-year fixed at 6.25%, 5-year fixed at 6.49%, and 7-year fixed at 7.00%. Rates are subject to change, so it's best to apply through Nook to lock in the current offer.
EastWest Bank's typical approval timeline is around 19 days from complete document submission. Nook's team helps you prepare and organise your documents upfront to avoid delays. A smooth, complete application is the fastest path to getting your refinancing approved.
EastWest Bank requires a minimum monthly income of ₱40,000, which is relatively accessible compared to some other banks. This applies to salaried employees, self-employed individuals, OFWs, and licensed professionals alike. Your debt-to-income ratio must also be at or below 40% after the new loan is factored in.
Yes — Nook's mortgage brokering service is completely free for the borrower. Nook is compensated by the bank upon successful loan release, so there is no fee charged to you at any stage of the process. You get expert guidance, bank comparison, and full application support at zero cost.
Yes, EastWest Bank offers a Home Equity loan option at 6.25% p.a., which allows you to borrow against the value of your property for expenses like renovation, education, or business capital. This is processed alongside or separately from a standard refinance. Talk to Nook to find out how much equity you may be able to access.
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