If you're earning 500,000 a month and still paying a high interest rate on your home loan, you're leaving serious money on the table. Nook can help you refinance to as low as 5.99% p.a.—for free.
YOUR POTENTIAL MONTHLY SAVINGS
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Why this matters
High-income earners in the Philippines often assume their bank is already giving them the best deal—after all, a strong salary profile makes you an attractive borrower. But the reality is that many professionals earning 500,000 a month or more are still locked into home loan rates of 8% to 10%, signed years ago when rates were higher or when they had less negotiating power. Refinancing your home loan through Nook means letting the country's top banks compete for your business, so you get a rate that actually reflects your creditworthiness today.
With a loan of 5,000,000 and a remaining term of 20 years, switching from an 8.50% rate to Nook's best available rate of 5.99% p.a. could reduce your monthly repayment by over 7,500 pesos—that's more than 90,000 pesos saved every year. Over the life of your loan, the total savings can exceed 1,300,000 pesos. For a 500K monthly earner, that kind of figure might not feel life-changing—but redirected into investments, a child's education, or early loan payoff, it absolutely is. If you're new to the refinancing process, our first-time home loan refinance guide is a great place to understand how it all works.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We handle the comparison, the paperwork, and the bank negotiations on your behalf. Whether your property is in BGC, Alabang, Cebu, or anywhere else in the country, we can match you with the right lender for your profile. High earners with complex income structures—such as those with equity-based compensation or business dividends—can also explore our resources for self-employed borrowers refinancing their home loans for relevant guidance on documentation.
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
A high income significantly strengthens your refinancing application because banks see you as a low-risk borrower. While income alone doesn't automatically guarantee the lowest rate, it gives Nook strong leverage to negotiate on your behalf across multiple lenders. Your credit history, loan-to-value ratio, and property location also play a role in the final rate offered.
Philippine banks typically allow monthly loan repayments of up to 30–35% of your gross monthly income. At 500,000 a month, that means you could potentially service a refinanced loan with monthly repayments of up to 150,000 to 175,000 pesos, which covers very large home loan balances. Nook will help you identify the right loan size and lender for your specific financial picture.
The refinancing process typically takes four to eight weeks from application to loan release, depending on the bank and the completeness of your documents. High-income salaried borrowers generally have a smoother process because their income is easier to verify through payslips and employment certificates. Nook guides you through every step to avoid delays.
No—Nook's service is 100% free to you as the borrower. We are compensated by the bank once your loan is successfully processed, so there is no charge for our comparison, advice, or application support. You will still need to budget for standard third-party refinancing costs such as appraisal fees, notarial fees, and registration charges, which vary by lender.
Yes, many banks accept variable income components such as performance bonuses, allowances, and commissions, though some lenders may apply a discount factor when computing your qualifying income. Nook works with multiple banks and knows which lenders are most flexible with variable compensation structures. We'll match you with the lender most likely to credit your full income profile.
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