If you took out a home loan with Maya Bank, there's a good chance you're paying a higher rate than you need to be. Nook can help you refinance to as low as 5.99% p.a. — for free.
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Why this matters
Maya Bank has positioned itself as a forward-thinking, digital-first lender — but a modern brand doesn't always mean the most competitive home loan rate. Many Maya Bank borrowers find themselves locked into rates between 8% and 9.5% after their initial fixing period ends, often without realising they have the right to refinance. If your loan is at least 12 months old and your property is in good standing, you may already be eligible to transfer to a lower rate through one of the traditional or digital banks in Nook's panel. You can check current mortgage interest rates in the Philippines to see how your Maya Bank rate stacks up right now.
Refinancing a Maya Bank home loan works the same way as any standard bank transfer in the Philippines. Nook collects your loan details, runs a free comparison across multiple lenders, and presents you with real offers — not estimates. Because Nook is compensated by the bank, not the borrower, you pay absolutely nothing to go through the process. There are no broker fees, no hidden charges, and no obligation to accept any offer. For tech-savvy homeowners who did their research when they first borrowed, refinancing through Nook is the logical next step: the same due diligence, but now applied to getting out of a rate that no longer serves you.
The savings can be significant. On a 3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% cuts your monthly repayment by over 3,000 pesos — that's more than 36,000 pesos back in your pocket every year. Over the remaining loan term, the cumulative difference is substantial. If you're comparing options across lenders, it's also worth reviewing BPI's housing loan requirements — BPI is one of the most competitive refinancing destinations on Nook's panel and regularly offers attractive rates for loan transfers.
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. As a borrower, you have the right to transfer your home loan to any other bank or lender willing to offer you better terms — this is called refinancing or loan transfer. Maya Bank cannot prevent you from doing this once your loan has been active for a reasonable period. Nook can help you identify which banks on its panel are most likely to approve your application and offer the lowest rate.
The typical refinancing process in the Philippines takes between 30 to 60 days from application to loan release, depending on the receiving bank's processing speed and how quickly you can provide the required documents. Nook guides you through every step and communicates directly with the bank on your behalf to keep things moving. Most borrowers find the process much smoother than their original home loan application.
You'll generally need your original Loan Agreement, a Statement of Account showing your outstanding balance, a copy of your Transfer Certificate of Title (TCT), tax declaration, and recent payslips or proof of income. Maya Bank should be able to provide most of the loan-related documents upon request. Nook will give you a specific checklist based on the receiving bank's requirements once you've been matched with an offer.
Refinancing involves a new loan application, which means the receiving bank will conduct a credit check — this is standard practice and generally has only a minor, temporary impact on your credit profile. Successfully completing a refinance and maintaining timely payments on your new loan will have a positive long-term effect on your credit standing. If you have a clean repayment history with Maya Bank, that works strongly in your favour.
Yes, completely free. Nook is compensated directly by the bank that accepts your loan transfer, not by you. There are no broker fees, application fees, or service charges at any stage of the process. The only costs you may encounter are standard third-party fees such as appraisal and notarial charges — which are the same fees you would pay if you applied to the bank directly.
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