Homeowners with a Maya Bank home loan may be paying more than necessary. See how refinancing through Nook could drop your rate to as low as 5.99% p.a. — for free.
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Why this matters
Maya Bank has made a name for itself in the Philippine digital banking space, but when it comes to home loans, a competitive app experience doesn't always mean the most competitive interest rate. Many Maya Bank home loan borrowers find themselves locked into rates between 8% and 9% — rates that made sense at the time of signing but may now be significantly higher than what the broader market offers. Refinancing means replacing your existing loan with a new one at a lower rate, and the savings over a 15 to 20-year term can be substantial.
Through Nook, you can compare refinancing offers from multiple Philippine banks — including BDO, BPI, Security Bank, RCBC, and others — all in one place. The process is fully digital, and Nook's service is completely free to borrowers. Nook earns from the bank, not from you. If you're curious about where rates currently stand across lenders, check out the current mortgage interest rates in the Philippines to benchmark what you're paying against today's market.
Switching away from Maya Bank doesn't have to be complicated. The key requirements are straightforward: a property with a clean title, proof of income, and a loan with sufficient remaining balance to make refinancing worthwhile. Most borrowers who refinance at least 3 years into their loan term see the clearest financial benefit. If you've been considering a move to a traditional bank for the stability of a longer fixed-rate period, refinancing is the most direct path to get there.
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, you can refinance a Maya Bank home loan with any accredited Philippine bank or lending institution. The refinancing bank will pay off your existing Maya loan balance and replace it with a new loan under their own terms and interest rate. This is a standard process that Nook facilitates at no cost to you.
It depends entirely on the interest rate difference and how many years remain on your loan. If your current Maya Bank rate is 8% or higher and you can refinance to around 5.99%, the savings over a 20-year term on a 3,000,000 loan can exceed 700,000. The convenience of a digital bank is valuable, but the long-term cost of a higher rate typically outweighs it.
You'll typically need your latest Maya Bank loan statement, a copy of your Transfer Certificate of Title (TCT), proof of income (payslips or ITR if self-employed), and a government-issued ID. The receiving bank will also require a property appraisal, which they usually arrange. Nook will guide you through the full document checklist once you submit your details.
Maya Bank, like most Philippine lenders, may charge a pre-termination fee if you refinance during a fixed-rate lock-in period — typically the first 1 to 5 years. It's important to review your loan agreement or contact Maya Bank directly to confirm any applicable fees. In most cases, the long-term savings from a lower refinance rate still outweigh any early settlement charges.
Nook is the Philippines' first digital mortgage broker, which means we shop your refinancing application across multiple banks simultaneously and present you with the best available offer. You fill out one application, and we handle the legwork of comparing lenders, preparing documents, and coordinating with the bank — all for free. If you're also evaluating banks like BPI as part of your decision, our BPI housing loan requirements guide is a helpful reference.
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