If your current home loan rate is above 7%, switching to Maya Bank could cut your monthly payment by thousands — and Nook makes the whole process 100% free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Maya Bank has entered the Philippine home loan market with a fully digital approach — no branch visits, no paper queues, and competitive rates that can meaningfully undercut what traditional banks are charging. If you took out your home loan three or more years ago, there's a strong chance your current rate is somewhere between 7.5% and 10%. Refinancing to a rate as low as 5.99% p.a. through Nook could save you over 3,000 pesos every single month on a 3,000,000 peso loan. That's real money back in your pocket each month, not just a number on a spreadsheet. You can check how today's rates compare across all major lenders on our current mortgage interest rates Philippines page.
What makes Maya Bank worth considering for refinancing is its digital-native infrastructure. As the banking arm of one of the Philippines' largest fintech ecosystems, Maya Bank processes applications faster and with less friction than most legacy lenders. For homeowners who hate paperwork and branch queues, this is a genuine advantage. That said, not every borrower will qualify, and Maya Bank's home loan product is still maturing — which is exactly why using a broker like Nook is valuable. Nook compares Maya Bank against BDO, BPI, Security Bank, Metrobank, and more to make sure you get the best available deal for your specific situation.
The refinancing process through Nook is straightforward: you share your current loan details, Nook pulls offers from multiple banks including Maya Bank, and you choose the deal that makes the most sense. There are no broker fees — Nook is paid by the bank, not by you. If you're also exploring other digital-friendly lenders, it's worth reviewing the BPI housing loan requirements as a benchmark for what Philippine banks typically ask for during a refinance application.
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, Maya Bank is a BSP-licensed digital bank in the Philippines and part of the Maya ecosystem, formerly PayMaya. It operates under full Bangko Sentral ng Pilipinas supervision, meaning your deposits and loan agreements carry the same legal protections as any traditional bank. Maya Bank is a newer player in the home loan space, but its digital infrastructure and competitive rates make it a credible option worth comparing.
The best refinance rate currently available through Nook is 5.99% p.a., though your actual rate will depend on your loan amount, remaining term, property value, and credit profile. Maya Bank's rates are competitive, but Nook will show you offers from multiple banks so you can compare and choose the lowest rate you qualify for. There's no obligation to proceed until you've seen all your options.
Digital banks like Maya Bank typically process applications faster than traditional lenders, with some approvals happening within a few business days once documents are complete. However, the full refinancing process — from application to loan release — usually takes four to eight weeks in the Philippines due to title transfer and legal requirements. Nook helps you prepare your documents correctly the first time, which avoids common delays.
Standard refinancing documents include a valid government-issued ID, proof of income (payslips or ITR), your current loan statement of account, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and a recent tax declaration. Maya Bank, like most Philippine banks, will also require a property appraisal. Nook provides a complete document checklist tailored to your application so nothing is missed.
Refinancing involves a credit inquiry, which can have a minor short-term effect on your credit standing with the Credit Information Corporation (CIC). However, successfully refinancing to a lower rate and maintaining on-time payments typically improves your overall credit profile over time. As long as you continue paying your existing loan until the new loan is fully released, there should be no negative impact on your record.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →