GoTyme Bank has made waves as a digital-first lender, but when it comes to home loan refinancing, the lowest rates in the Philippines right now sit at 5.99% p.a. — and knowing where to find them could save you over 800,000 pesos over your loan term.
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Why this matters
GoTyme Bank, the digital banking joint venture between the Gokongwei Group and Tyme Group, has attracted attention for its user-friendly mobile experience and competitive deposit rates. However, as of 2025, GoTyme does not yet offer a standalone home loan or mortgage refinancing product. If you searched for GoTyme Bank home loan rates hoping to refinance your existing mortgage, you're not alone — but it's worth understanding what your actual options look like across the Philippine banking landscape. You can review current mortgage interest rates across Philippine banks to see exactly where each lender stands today.
Traditional banks like BDO, BPI, Metrobank, Security Bank, and RCBC typically offer fixed home loan rates ranging from 7% to 10% p.a. for the first fixing period, depending on your loan size, tenure, and borrower profile. Many Filipino homeowners who took out loans three to five years ago are now sitting on rates of 8% to 9.5% and don't realise how much they're overpaying every single month. With refinancing rates now as low as 5.99% p.a. available through Nook, switching lenders could reduce your monthly amortisation by thousands of pesos. If you're currently with BPI, for example, their refinancing terms are worth comparing — see the BPI housing loan requirements guide to understand what a switch would involve.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare offers from over a dozen accredited Philippine banks simultaneously, so you don't have to apply one by one and risk multiple hard credit inquiries. Whether you're refinancing a condo in BGC, a house and lot in Cavite, or a townhouse in Quezon City, Nook helps you find the best available rate for your specific property and financial profile — without the paperwork maze of going directly to each bank yourself.
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
As of 2025, GoTyme Bank does not offer a home loan or mortgage refinancing product in the Philippines. GoTyme currently focuses on savings accounts, debit cards, and personal financial tools. If you're looking to refinance your home loan, you'll need to compare offers from traditional banks or use a broker like Nook to find the best available rate.
The best refinancing rate currently available through Nook is 5.99% p.a., offered by select accredited partner banks. Most homeowners are currently paying between 7% and 10%, so switching to 5.99% on a 3,000,000 peso loan can reduce your monthly payment by thousands of pesos. Nook's comparison service is 100% free to borrowers.
BDO, BPI, Security Bank, RCBC, and Metrobank are among the most active home loan refinancing lenders in the Philippines, and rates vary depending on your loan amount, fixing period, and borrower profile. Rather than applying to each bank individually, Nook compares all of them at once on your behalf. This saves time, protects your credit score, and ensures you get the best offer available.
On a 3,000,000 peso loan with 20 years remaining, switching 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 depend on your outstanding balance, remaining term, and the rate you qualify for. Use Nook's free calculator to get a personalised estimate in minutes.
Refinancing involves applying to a new lender who pays off your existing loan, after which you make payments to them at the new rate — it sounds complicated, but Nook manages the entire process for you at no cost. The main requirements are a clean payment history, clear property title, and meeting the new lender's income and appraisal criteria. Most successful refinancing applications through Nook are completed within 30 to 60 days.
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