Homeowners comparing EastWest Bank vs UCPB refinancing can now access rates as low as 5.99% p.a. through Nook — the Philippines' first digital mortgage broker, completely free to use.
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Why this matters
If you currently have a home loan with UCPB (now absorbed into Landbank) or EastWest Bank, there's a good chance your interest rate is higher than what's available in today's market. Many Filipino homeowners are still locked into rates of 8% to 10% from loans taken out years ago — and every month, that difference quietly costs them thousands of pesos. Refinancing means replacing your existing loan with a new one at a lower rate, and with EastWest Bank's 1-year fixed rate of just 5.99% p.a. available through Nook, the savings can be substantial. On a 3,000,000 loan with a 20-year remaining term, switching from 8.50% to 5.99% could reduce your monthly payment by over 3,800 pesos.
EastWest Bank is a strong refinancing option for Filipino homeowners, offering competitive fixed-rate terms from 1 to 7 years, a minimum monthly income requirement of just 40,000 pesos, and a typical approval timeline of around 19 days. Whether you're a salaried employee, OFW, BPO worker, self-employed professional, or government employee, EastWest Bank has flexible eligibility criteria that suit a wide range of borrowers. For a detailed breakdown of what EastWest Bank offers compared to UCPB's legacy rates, see our EastWest Bank vs UCPB home loan rates comparison.
Nook simplifies the entire refinancing process by acting as your free digital mortgage broker. Instead of visiting multiple bank branches and filling out the same paperwork over and over, Nook lets you compare offers, check your eligibility, and apply — all in one place, at no cost to you. The broker fee is covered by the bank, not the borrower. Whether you're refinancing from UCPB (now under Landbank) or looking to get better terms than your current EastWest Bank rate, Nook helps you find the most competitive deal available. Interest rates are subject to change; always verify current rates 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
UCPB was fully merged with Land Bank of the Philippines (Landbank) in 2022, meaning all existing UCPB home loans are now serviced under Landbank. If you had a UCPB mortgage, you can still refinance it — your loan simply transfers to a new lender offering better terms, such as EastWest Bank through Nook.
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. through Nook. These rates are among the most competitive available in the Philippines right now, though they are subject to change — always confirm the latest rates directly.
On a 3,000,000 peso loan with 20 years remaining, refinancing from 8.50% to 5.99% could reduce your monthly payment by approximately 3,852 pesos, saving you over 46,000 pesos per year. Over the full remaining term, that adds up to more than 693,000 pesos in total savings.
Yes — Nook's service is 100% free for borrowers. Nook is compensated directly by the bank when a loan is successfully placed, so you pay nothing extra for the broker service. You get access to multiple bank offers, expert guidance, and a streamlined application process at zero cost.
EastWest Bank requires a minimum monthly income of 40,000 pesos and a debt-to-income ratio of no more than 40%. They accept a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. Nook will help you assess your eligibility before you formally apply, saving you time and guesswork.
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