If you have a Maya Bank home loan, you could be paying more than you need to. Nook helps you refinance to rates as low as 5.99% p.a. — 100% free, 100% online.
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No commitment. No credit check. Just your numbers.
Why this matters
Maya Bank has positioned itself as a digital-first lender, appealing to tech-savvy Filipinos who want a seamless online banking experience. But a great app doesn't always mean the best home loan rate. Many Maya Bank borrowers find themselves locked into rates of 8% to 9% or higher, especially as fixed-rate periods end and loans reprice to less competitive terms. If your home loan is approaching its repricing date — or if you've already been repriced — now is exactly the right time to explore refinancing. You can check how your rate compares against current mortgage interest rates in the Philippines to see where you stand.
Refinancing doesn't mean abandoning the convenience of digital banking. Nook's platform lets you compare offers from over a dozen Philippine banks — including BDO, BPI, Security Bank, RCBC, and more — entirely online, without needing to visit a branch. Our licensed mortgage brokers handle the paperwork, coordinate with lenders, and guide you through every step of the process. There are no broker fees, no hidden charges, and no obligation to proceed if the numbers don't work in your favor. The only question worth asking is: how much are you leaving on the table each month?
For a 3,000,000 peso loan with 20 years remaining, switching from 8.50% to 5.99% p.a. could reduce your monthly payment by over 3,000 pesos — that's real money back in your pocket every single month. Over the life of your loan, those savings compound into a significant sum. Whether you're a first-time refinancer or you've done it before, Nook makes it simple to find out if a better deal exists for you. Start your free assessment today and let our team do the heavy lifting.
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, absolutely. Refinancing simply means taking out a new home loan with a different lender to pay off your existing one — you are not locked in forever with Maya Bank. Nook compares offers from over a dozen Philippine banks to find you the most competitive rate available for your loan profile.
Maya Bank's home loan rates typically fall in the 8% to 9.5% range depending on your loan term and fixing period, which is broadly in line with mid-market pricing but higher than the best available rates today. Through Nook, qualified borrowers can access rates starting at 5.99% p.a. from partner banks. You can see how this stacks up against the broader market on our Philippine mortgage rates page.
Maya Bank, like most Philippine lenders, may charge an early repayment or pre-termination fee if you refinance within your fixed-rate lock-in period. The fee amount and conditions will be specified in your loan agreement. Nook's team will help you calculate whether the penalty still makes refinancing worthwhile — in most cases, the long-term savings far outweigh any one-time fee.
Standard refinancing documents in the Philippines include your latest Statement of Account from Maya Bank, proof of income (payslips or ITR), government-issued ID, and property documents such as your Transfer Certificate of Title and tax declaration. If you're familiar with what major banks require, the list is similar — for example, you can review a complete BPI housing loan requirements checklist to get a sense of what to prepare. Nook will give you a personalized checklist once you start your application.
The refinancing process in the Philippines typically takes four to eight weeks from application to loan release, depending on the lender and how quickly documents are submitted. Nook's brokers actively manage the process on your behalf to avoid unnecessary delays. Most borrowers find the process significantly smoother when a dedicated broker is coordinating between them and the bank.
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