If you bought a unit at Botanika Nature Residences, The Levels, or Aspect Towers through in-house or bank financing, you could be paying far more than necessary — Nook helps you refinance to as low as 5.99% p.a., completely free of charge.
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Why this matters
Filinvest developments like Botanika Nature Residences in Alabang and The Levels in Cebu have attracted thousands of Filipino homebuyers looking for well-designed, master-planned communities. Many of these buyers originally financed their units through Filinvest's in-house payment scheme or took out a bank loan at prevailing rates several years ago — rates that were often in the 8% to 10% range. If your loan is more than two years old and you haven't reviewed your rate since, there's a strong chance you're leaving thousands of pesos on the table every single month. You can check where today's rates stand by reading about current mortgage interest rates in the Philippines.
Refinancing a condo loan works the same way as refinancing a house-and-lot loan — you replace your existing loan with a new one from a bank offering a better rate, resetting your interest cost while keeping your property and your repayment schedule largely intact. For a ₱3,000,000 outstanding balance at 8.50%, your monthly amortisation is roughly ₱26,035. At Nook's best available rate of 5.99%, that drops to around ₱22,966 — a saving of over ₱3,000 every month. Over a 15-year remaining term, that adds up to more than ₱550,000 in total interest savings. Nook works with leading Philippine banks including BPI, BDO, Security Bank, RCBC, and others to find you the best rate for your specific unit and outstanding balance. If you're also evaluating lenders from scratch, it's worth reviewing BPI's housing loan requirements to understand what one of the country's top refinancing banks expects from applicants.
The refinancing process for a Filinvest condo does have a few unique considerations. Because many Filinvest buildings are condominium titles (as opposed to individual land titles), your bank will require a Condominium Certificate of Title (CCT) along with the master deed and the developer's clearance. Nook's mortgage specialists are familiar with these documentation requirements and will guide you step by step — from computing your potential savings to submitting your application — without charging you a single peso. Our fee comes from the bank, not from you.
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, but you'll need to fully settle the developer's in-house balance as part of the refinancing process — the new bank loan proceeds are typically used to pay off the outstanding amount owed to Filinvest. This is called a take-out refinance, and it's one of the most common scenarios Nook handles. Our specialists will walk you through exactly how the payoff and drawdown sequence works.
Most major Philippine banks — including BPI, BDO, Security Bank, RCBC, and Metrobank — will accept a Condominium Certificate of Title (CCT) from a Filinvest development, provided the building has a valid Certificate of Occupancy and the unit has no encumbrances beyond the current loan. Nook submits your profile to multiple banks simultaneously so you get competing offers rather than just one. The bank with the best rate for your specific unit may vary depending on your income profile and the building's age.
It can, because banks typically set a minimum appraised value requirement — usually ₱1,000,000 or higher — and studio units in older buildings may fall below some banks' thresholds. However, most Filinvest developments are mid- to high-end projects where unit values comfortably exceed these minimums. Nook will match you with lenders whose product requirements fit your unit type and outstanding balance.
From application to first disbursement, the typical timeline is 4 to 8 weeks, depending on how quickly your documents are submitted and how fast the bank completes its appraisal of your unit. Nook streamlines the process by preparing your document checklist upfront and following up with the bank on your behalf throughout. You won't have to chase paperwork or make multiple branch visits.
Yes — Nook's service is 100% free to you as the borrower. We are compensated by the bank after your loan is approved and released, which means our interests are fully aligned with yours: we only get paid if you get a better deal. There are no application fees, no consultation charges, and no hidden costs on Nook's side, though standard bank charges such as appraisal fees and documentation stamps will still apply.
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