If you took out a home loan with Maya Bank, you may be paying significantly more than necessary. Nook can help you switch to a lender offering rates as low as 5.99% p.a. — for free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Maya Bank entered the home loan market as part of the Philippines' growing digital banking ecosystem, offering convenience-first mortgage products to tech-savvy borrowers. But convenience at the point of application doesn't always translate to the best rate over the life of your loan. Many Maya Bank home loan customers are now discovering that their interest rate — typically in the 8% to 9% range — is meaningfully higher than what established lenders are offering through refinancing. On a 3,000,000-peso loan with 20 years remaining, even a 2-percentage-point reduction can save you over half a million pesos in total interest. You can check current mortgage interest rates in the Philippines to see how your Maya Bank rate stacks up against the market today.
Refinancing a digital bank mortgage is no different in principle from switching any other home loan — you're simply replacing your existing loan with a new one from a lender offering better terms. The key difference is that digital bank borrowers are often more financially engaged and better positioned to move quickly. Nook works with a panel of major Philippine banks including BPI, Security Bank, BDO, and others, comparing their offers on your behalf so you don't have to negotiate individually with each one. If you're curious about what a traditional bank refinance looks like from a documentation standpoint, the BPI housing loan requirements guide gives a useful benchmark for what lenders typically ask for.
Nook's service is completely free to borrowers — we're compensated by the bank you ultimately choose, not by you. Our team handles the heavy lifting: rate comparisons, document coordination, and lender liaison. Most clients complete the process without ever needing to visit a bank branch. If your Maya Bank home loan is at least 12 months old and your property has sufficient equity, you're likely eligible to refinance. Start with a free savings estimate and find out exactly how much you could be keeping in your pocket every month.
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 loan with a different lender to pay off your existing Maya Bank mortgage. As long as your loan is in good standing and your property meets the new lender's requirements, you can transfer to any participating bank. Nook will identify which banks are most likely to approve your application and offer the best rate.
Savings depend on your current rate, remaining loan balance, and the new rate you qualify for. On a 3,000,000-peso loan moving from 8.50% to 5.99% over 20 years, you could save over 3,000 pesos per month and more than 550,000 pesos in total interest. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
A refinancing application will involve a credit check, which has a minor and temporary effect on your credit score — this is standard practice and typically inconsequential for borrowers in good standing. Closing your Maya Bank loan has no lasting negative impact; lenders evaluate your overall credit history, not your loyalty to any one institution. Many borrowers find refinancing actually improves their financial profile by reducing their monthly obligations.
The standard requirements include a copy of your existing loan documents, proof of income (payslips or ITR), a recent statement of account from Maya Bank, your Transfer Certificate of Title, and a tax declaration for the property. Because Maya Bank is fully digital, your loan documents and payment history are usually easy to export or download. Nook will give you a complete checklist once you start your application.
The typical refinancing timeline in the Philippines is 4 to 8 weeks from application to loan release, depending on the receiving bank and how quickly documents are submitted. Digital bank customers often move faster because their financial records are well-organised and readily accessible. Nook's team actively follows up with lenders on your behalf to keep the process moving as efficiently as possible.
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