GoTyme Bank has made waves in Philippine digital banking, but when it comes to your home loan, the lowest rate wins. See how refinancing through Nook could save you over 58,000 pesos every year.
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Why this matters
GoTyme Bank is one of the Philippines' newest digital banks, backed by the Gokongwei Group and Tyme Group. While GoTyme has built a strong reputation for everyday banking products like savings accounts and debit cards, its home loan and refinancing offerings are still limited compared to established mortgage lenders. If your existing home loan is sitting at 8% or higher — whether with GoTyme or any other bank — you may be leaving significant money on the table every single month. You can check current mortgage interest rates in the Philippines to see how your rate stacks up against what the market is offering today.
Nook is the Philippines' first digital mortgage broker, and we work with multiple banks and lenders to find you the most competitive refinancing rate available — currently as low as 5.99% per annum. On a 3,000,000 peso loan with 20 years remaining, the difference between an 8.50% rate and 5.99% translates to thousands of pesos back in your pocket every month. Nook's service is completely free to borrowers; we are compensated by the lending bank, not by you. That means there's no financial reason not to find out exactly how much you could save.
The refinancing process can feel daunting, especially if you've heard stories about mountains of paperwork and long bank queues. Nook streamlines the entire experience digitally, from your first rate comparison all the way through to loan approval. Our mortgage specialists handle the coordination with banks on your behalf, so you don't have to take time off work to chase documents or sit in branch waiting areas. Whether your current loan is with GoTyme, a traditional bank, or even Pag-IBIG, Nook can help you explore your options and lock in a rate that works harder for your family's future.
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, Nook can help you refinance your existing home loan regardless of which bank currently holds it, including GoTyme Bank. We connect you with multiple competing lenders to find the best available rate for your situation. The process is fully digital and free for borrowers.
The best refinancing rate currently available through Nook's panel of lenders is 5.99% per annum. The exact rate you qualify for will depend on your loan amount, remaining term, property value, and credit profile. Our mortgage specialists will give you a personalised comparison once you submit your details.
On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% saves approximately 3,069 pesos per month — that's over 36,000 pesos a year and more than 550,000 pesos over the life of the loan. Your actual savings will vary based on your outstanding balance and current rate, but even a 1% reduction on a mid-sized loan makes a meaningful difference.
Yes, completely free. Nook is compensated directly by the bank that approves your refinanced loan, not by you. There are no broker fees, no consultation charges, and no hidden costs for using our platform. You get access to multiple bank offers and expert guidance at zero cost.
Typical requirements include proof of income such as payslips or ITR, a copy of your existing loan statement of account, your property's TCT or CCT, and a valid government ID. Requirements can vary slightly between lenders — if you want a detailed checklist, the BPI housing loan requirements guide gives a thorough overview of what Philippine banks generally ask for. Nook's team will also walk you through exactly what each lender needs once you start your application.
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