Makati homeowners are saving thousands every year by refinancing to rates as low as 5.99% p.a. Nook compares top Philippine banks for you — completely free of charge.
MAKATI HOMEOWNER SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
Makati is home to some of the most valuable residential real estate in the Philippines — from high-rise condos in the CBD to established townhouses in Forbes Park and Urdaneta Village. If you took out your home loan more than two years ago, there's a strong chance your current interest rate is well above what the market now offers. Many Makati homeowners are still paying rates between 7.50% and 10%, locked in during a period of higher bank pricing. Refinancing through Nook means accessing rates as low as 5.99% p.a. by letting multiple banks compete for your loan — without you having to visit a single branch. Whether you own a unit at Avida Towers Asten or a landed property in one of Makati's premier enclaves, the savings potential is real and significant.
The refinancing process in Makati is often simpler than homeowners expect. Nook handles the comparison, paperwork coordination, and bank submissions on your behalf — at zero cost to you. Our fee is paid by the bank you ultimately choose, which means you get expert guidance without any out-of-pocket expense. On a 5,000,000 loan balance with 20 years remaining, switching from 8.50% to 5.99% can reduce your monthly payment by over 7,600 pesos. That's more than 91,000 pesos back in your pocket every year. If you're also considering properties in nearby areas, you can explore how refinancing works for Columns Legazpi Village owners as a comparable example.
Nook works with all major Philippine banks including BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, and EastWest Bank, giving you the widest possible view of the market in one place. Eligibility is straightforward — if you have at least 12 months of on-time payments on your existing loan, you're likely a strong candidate. The entire process typically takes four to eight weeks from application to loan release, and Nook's team guides you through every step. Start with a free savings estimate today and find out exactly how much you could save on your Makati home loan.
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 homeowners with an existing home loan from any Philippine bank or Pag-IBIG are eligible to refinance, provided they have made at least 12 consecutive on-time monthly payments. The property must be in good standing with no active foreclosure proceedings, and the borrower must meet the income requirements of the new lender. Nook can assess your eligibility for free before you commit to anything.
Savings depend on your current interest rate, remaining loan balance, and the new rate you qualify for. A homeowner with a 5,000,000 balance at 8.50% refinancing to 5.99% over 20 years would save approximately 7,615 pesos per month, or over 91,000 pesos annually. Use Nook's free calculator to get a personalised estimate based on your actual figures.
Nook's service is 100% free to the borrower — there are no broker fees, consultation fees, or hidden charges. Nook is compensated directly by the bank you choose, only after your loan is successfully released. There are standard bank processing fees and transfer costs associated with any refinance, which Nook will clearly disclose upfront.
The typical refinancing timeline in the Philippines is four to eight weeks from the time you submit your complete documents to loan release. Delays usually occur when documents are incomplete, so Nook provides a detailed checklist and follows up with the bank on your behalf to keep things moving. Your existing loan continues to be paid normally during this period.
Yes, condo units are among the most commonly refinanced properties in Makati, and most major banks accept them as collateral for home loan refinancing. The key requirements are that the unit must be in a registered condominium corporation and have a clean title or Condominium Certificate of Title (CCT). Nook works with borrowers across all property types in Makati, including BGC-adjacent condos and Makati CBD towers.
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