Homeowners in General Santos City are saving thousands every month by refinancing to rates as low as 5.99% p.a. through Nook — the Philippines' first digital mortgage broker, 100% free to borrowers.
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Why this matters
General Santos City — the Tuna Capital of the Philippines — has seen steady residential growth over the past decade, with families investing in property across barangays like Dadiangas Norte, Calumpang, and the rapidly developing areas near the Circumferential Road. If you purchased your home three or more years ago through BDO, BPI, Metrobank, or any other bank, there's a strong chance your current interest rate is well above what the market now offers. Many GenSan homeowners are locked into rates between 7.5% and 9%, repricing year after year without realizing they have the power to switch lenders entirely.
Refinancing your home loan means taking out a new loan — ideally at a lower rate — to pay off your existing one. On a 3,000,000-peso loan with 20 years remaining, moving from 8.50% to 5.99% p.a. can reduce your monthly amortisation by over 4,500 pesos. That's money that can go toward your children's education, a family emergency fund, or paying down your principal faster. The process is simpler than most homeowners expect, especially with Nook handling the lender comparison and paperwork on your behalf — at zero cost to you. Just like this Quezon City homeowner who refinanced and saved ₱8,000 a month, GenSan homeowners are finding that switching lenders is one of the most powerful financial moves they can make.
Nook works with the Philippines' leading banks — including Security Bank, RCBC, EastWest Bank, UnionBank, and more — to find you the most competitive refinancing offer based on your property, income, and remaining loan balance. Whether your property is a house and lot in a subdivision or a townhouse near the city center, Nook's mortgage specialists can assess your eligibility and walk you through every step. There are no hidden fees, no commissions charged to you, and no obligation to proceed until you're completely comfortable with the offer on the table.
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
Most homeowners with an existing housing loan that has been active for at least one year are eligible to apply for refinancing. You'll need to have a good repayment history, a property with a clean title, and sufficient income documentation — whether you're locally employed, self-employed, or an OFW. Nook can do a quick pre-assessment to check your eligibility before you commit to anything.
Your savings depend on your current interest rate, remaining loan balance, and the new rate you qualify for. On a 3,000,000-peso loan refinanced from 8.50% to 5.99% over 20 years, you could save over 4,500 pesos per month — or more than 800,000 pesos across the life of the loan. Nook provides a free, personalized savings estimate with no obligation.
Competitive refinancing rates are currently available through Security Bank, RCBC, EastWest Bank, UnionBank, and several other major lenders, with rates starting as low as 5.99% p.a. The best rate for you will depend on your loan amount, property type, and financial profile. Nook compares multiple lenders simultaneously so you don't have to apply one bank at a time.
Nook's service is completely free for borrowers — you pay nothing to have Nook compare lenders and process your refinancing application. The standard fees associated with refinancing (such as appraisal, notarial, and registration fees) are paid to the relevant institutions, not to Nook. Nook earns a referral fee from the bank only when your loan is successfully approved and released.
The refinancing timeline typically ranges from 30 to 60 days, depending on document completeness and the lender's processing speed. Properties located outside Metro Manila, including those in General Santos City, may require a local property appraisal which can add a few days to the process. Nook's team manages the coordination with the bank and keeps you updated throughout so you always know where your application stands.
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