If your GoTyme Bank home loan rate is above 6%, you could be overpaying by thousands every month. Nook helps you refinance to as low as 5.99% p.a. — for free.
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Why this matters
GoTyme Bank is one of the Philippines' newer digital banks, and while their home loan products have attracted attention for their app-first convenience, convenience doesn't always mean the most competitive rate over the long term. Many GoTyme borrowers find that after their initial fixed-rate period expires, their repriced rate climbs to 8% or higher — well above what traditional banks are currently offering through refinancing. If your loan has repriced recently, it's worth checking whether you're still on the best available deal. You can review current mortgage interest rates in the Philippines to see how your GoTyme rate compares to the market right now.
Refinancing from a digital bank to a traditional bank isn't as complicated as it sounds. Nook acts as your mortgage broker, comparing offers from over a dozen Philippine banks including BDO, BPI, Security Bank, Metrobank, and others to find the lowest rate you qualify for. We handle the paperwork, coordinate with both banks, and guide you through every step — at absolutely no cost to you. Our fee is paid by the bank you refinance into, so there's no catch and no hidden charges for borrowers.
The main things to consider when refinancing away from GoTyme are any early settlement fees in your existing loan contract, the legal and appraisal costs involved in the transfer (typically between 20,000 and 50,000 pesos depending on loan size), and how long you plan to stay in your home. For most borrowers with a remaining balance of 2,000,000 pesos or more, the break-even point is usually within 12 to 18 months — meaning the savings quickly outweigh the one-time costs. Nook will walk you through a personalised calculation before you commit to anything.
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, absolutely. Refinancing from a digital bank like GoTyme to an established traditional bank is a straightforward process in the Philippines. Nook works with over a dozen banks and can help you find the best rate for your specific loan balance, property, and financial profile.
This depends on the terms in your loan contract, particularly whether you are still within a fixed-rate lock-in period. You should review your loan documents or contact GoTyme directly to check for any early settlement fees. Nook can help you factor these costs into your savings calculation so you can make an informed decision.
Nook's service is completely free for borrowers. We are compensated by the bank you refinance into, not by you. You will still need to budget for standard third-party costs like property appraisal, notarial fees, and registration charges, but our brokerage and advisory service costs you nothing.
Digital banks in the Philippines are still building their home loan portfolios and don't always offer the most competitive repricing rates after the initial fixed period. Traditional banks currently offer refinancing rates starting from 5.99% p.a. through Nook, which is significantly lower than the 8% to 9% range many GoTyme borrowers end up on after repricing. You can check today's mortgage interest rates for a full comparison.
The standard requirements for home loan refinancing in the Philippines include your original Transfer Certificate of Title, recent tax declaration, proof of income, valid government IDs, and your existing loan statement of account. Requirements vary slightly between banks, but Nook will provide you with a complete personalised checklist once you submit your details. If you are also considering BPI as your refinancing destination, you can review the BPI housing loan requirements guide for reference.
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