Owners of Federal Land Park Avenue and Grand Hyatt Residences in Makati CBD are refinancing to rates as low as 5.99% p.a. — and saving tens of thousands every year.
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Why this matters
Federal Land's Park Avenue and Grand Hyatt Residences towers are among the most prestigious addresses in Makati's central business district. But prestige address doesn't have to mean a prestige-priced mortgage. Many owners in these developments took out home loans during periods of higher interest rates — often between 8% and 9.5% — and have never revisited their terms. With current mortgage interest rates in the Philippines now available as low as 5.99% p.a. through Nook, the gap between what you're paying and what you could be paying has never been wider.
Refinancing a Federal Land property in Makati CBD is well-suited to the Philippine banking system. With a higher-value asset in a prime location, you're in a strong negotiating position with lenders. Nook works across all major Philippine banks — BDO, BPI, Security Bank, RCBC, Metrobank, and more — to find the most competitive rate for your specific unit, outstanding balance, and remaining term. There are no broker fees for borrowers; Nook is completely free to use.
The process is straightforward: submit your documents once, and Nook handles the bank comparisons, negotiations, and paperwork on your behalf. Whether you're in a studio, one-bedroom, or a larger unit at Park Avenue or Grand Hyatt Residences, refinancing could free up significant cash flow every month — money that stays in your pocket rather than going to your current lender at an outdated rate.
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. Most major Philippine banks — including BDO, BPI, Security Bank, and Metrobank — will lend against Federal Land properties in Makati CBD, which are considered strong collateral due to their prime location and developer reputation. Nook compares offers across these lenders simultaneously so you don't have to approach each bank individually. The bank with the best rate for your profile may not be the one you already bank with.
You'll typically need your Condominium Certificate of Title (CCT), the latest Statement of Account from your current bank, proof of income (payslips or ITR for the past two years), and valid government IDs. If you want a head start on what individual banks require, the BPI housing loan requirements guide is a useful reference for a typical document checklist. Nook will walk you through exactly what's needed once you start your application.
On a 6,000,000 peso outstanding balance at 8.50%, a borrower with 20 years remaining pays roughly 52,152 per month. Refinancing to 5.99% brings that down to around 43,058 per month — a saving of over 9,000 pesos monthly, or more than 1.6 million pesos over the remaining loan term. Actual savings depend on your specific balance, remaining term, and the rate you qualify for.
Many Philippine home loans include a prepayment or early termination penalty, typically applicable within the first three to five years of the loan or within a fixed-rate lock-in period. After that window, you can usually refinance without penalty. Nook will help you check your current loan agreement and calculate whether any applicable penalty is outweighed by the long-term interest savings — in most cases it is.
For a condominium unit like those at Park Avenue or Grand Hyatt Residences, the refinancing process typically takes between 30 and 60 days from application to loan release, depending on the bank and how quickly documents are submitted. Nook manages the process end-to-end and keeps you updated at every stage, reducing the back-and-forth that makes refinancing feel complicated. Most borrowers find it significantly less stressful than their original home loan application.
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