If you took out a home loan with Maya Bank, you may be paying 7.50% or higher — Nook can help you transfer to a traditional bank offering rates as low as 5.99% p.a., completely free of charge.
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Why this matters
Maya Bank made waves as the Philippines' first digital bank to offer home loans, attracting tech-savvy borrowers with a fully app-based application process. But being an early adopter comes at a cost — many Maya Bank home loan holders are locked into rates of 7.50% or higher, products that were priced during a period of rising interest rates and limited refinancing competition. The good news is that the refinancing market has matured significantly, and current mortgage interest rates in the Philippines from established banks are now meaningfully lower than what most Maya Bank borrowers are paying today.
Transferring your Maya Bank home loan to a traditional bank like BPI, BDO, Security Bank, or Metrobank isn't as complicated as it sounds — and Nook was built precisely to make this kind of cross-institution switch seamless. Because Maya Bank operates differently from conventional lenders, many borrowers assume the process is more complex or that banks won't accept the transfer. That's simply not true. As long as your property is titled and your loan is in good standing, you are eligible to refinance, and Nook handles the coordination between your current lender and your new one on your behalf.
On a 3,000,000 loan with 20 years remaining, moving from 7.50% to 5.99% saves you over 3,000 pesos every single month. That's money that could go toward your child's education, an emergency fund, or simply more breathing room in your household budget. Nook's service is 100% free to borrowers — we are compensated by the bank you refinance into, not by you. Submit your details today and find out exactly how much you could save.
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 long as your property has a clean title and your loan account is current with no missed payments, you are fully eligible to refinance or transfer your home loan to another bank in the Philippines. Maya Bank being a digital bank does not disqualify you — traditional banks evaluate the property and your creditworthiness, not your previous lender's business model.
Maya Bank's main advantage for home loan borrowers was the convenience of a digital application process, but that benefit was already delivered when you got the loan. Going forward, the most important factor is your interest rate, since even a 1% difference compounds into hundreds of thousands of pesos over your remaining loan term. You can still keep your Maya deposit or e-wallet account independently — refinancing only moves the home loan.
You'll typically need your latest Statement of Account from Maya Bank, a copy of your Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), proof of income such as payslips or ITR, and a valid government-issued ID. Nook will walk you through the exact requirements once you submit your details, and we'll tell you which bank's checklist best fits your profile — for example, you can review what BPI requires for a housing loan transfer to get a head start.
The typical refinancing timeline in the Philippines runs between 30 and 60 banking days from submission of complete documents to loan release. The process involves property appraisal, credit evaluation, and legal documentation, which take time regardless of your current lender. Nook actively follows up with the receiving bank on your behalf to keep things moving as quickly as possible.
There is no catch. Nook is compensated by the bank you ultimately refinance into, similar to how a real estate broker is paid by the seller rather than the buyer. You pay nothing to Nook at any stage of the process — no application fee, no consultation fee, and no success fee. Our incentive is to find you the best available rate, because that's what motivates you to proceed and what makes the receiving bank want to work with us.
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