Buying a high-value condo in Makati or BGC? Bank rates vary widely — Nook compares all major lenders so you lock in the lowest rate available, 100% free.
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Why this matters
Makati CBD and Bonifacio Global City are two of the most sought-after addresses in the Philippines — and home loans for condos in these areas come with their own set of rules. High-value properties often attract stricter loan-to-value (LTV) ratios, with most banks offering up to 80% financing on properties above ₱5,000,000. That means a larger equity requirement upfront, making your choice of lender and interest rate even more consequential over a 20-year term. Whether you're eyeing a unit in Salcedo Village, Rockwell, or the heart of BGC, the difference between banks can easily run to over a million pesos in total interest. You can explore a full comparison of home loan rates in Makati to see how lenders stack up side by side.
Philippine banks price their rates differently depending on the developer, the building, and even the floor level — premium developments by Ayala Land, Megaworld, and Alveo can sometimes unlock preferential in-house or bank tie-up rates, but these aren't always the best deal on the market. For example, homeowners in BGC projects like Alveo High Park have found that refinancing with an independent lender after the lock-in period delivers significant savings versus staying with their original bank. Nook scans rates from BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, and more to find you the sharpest number — without the legwork.
The application process for high-value condo loans in Makati and BGC also demands more documentation — developers' contracts to sell, condominium certificates of title, tax declarations, and income verification are all standard. Nook's mortgage specialists guide you through every requirement, liaise with banks on your behalf, and handle follow-ups so your application moves efficiently. Whether you're a first-time buyer or refinancing an existing home loan to a lower rate, our service is completely free — banks pay us, not 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
Most banks will lend up to 80% of the appraised value for condominium units in Makati and BGC, meaning you need at least 20% as a down payment. For high-value units above ₱10,000,000, some lenders apply more conservative LTV ratios, so it's worth checking multiple banks. Nook can quickly tell you your likely maximum loan amount across all major lenders.
All major Philippine banks — BDO, BPI, Metrobank, Security Bank, RCBC, and UnionBank — actively finance condo purchases in Makati and BGC, as these are among the lowest-risk residential markets in the country. Developer tie-ups with specific banks (e.g., BPI with Ayala Land projects) may offer streamlined processing, but rates aren't always the most competitive. Nook compares all of them simultaneously so you don't have to apply one by one.
Not necessarily — the property value itself doesn't automatically trigger a higher rate, but the loan amount and your income profile do affect the bank's risk assessment. What matters most is your debt-to-income ratio and credit history, which determine the rate tier you qualify for. Currently, the best available refinance rate through Nook is 5.99% p.a., significantly below the 8–9% many Makati and BGC condo owners are currently paying.
Yes — refinancing is one of the most effective ways to reduce your monthly mortgage payment, especially if your current rate is above 7%. Once your original bank's lock-in period expires (typically 1–3 years), you're free to switch lenders without penalty. Homeowners in developments like Two Serendra and Alveo High Park have already refinanced through Nook to take advantage of significantly lower market rates.
Bank approval for a condo loan in Makati or BGC typically takes 2–4 weeks once all documents are submitted, though it can extend to 6 weeks for higher loan amounts that require additional appraisal or credit review. Incomplete paperwork is the most common cause of delays, which is why having Nook manage your application helps keep things moving. We do the chasing with the bank so you can focus on planning your move.
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