Millions of Filipino homeowners are now comparing digital bank home loans against traditional lenders — but the lowest rate isn't always where you expect it. Nook searches across all lenders so you never have to guess.
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Why this matters
Maya Bank has made waves in the Philippine digital banking space, and it's natural to wonder whether their home loan products can beat what you're currently paying on your mortgage. The reality is that digital banks like Maya often market competitive headline rates, but the actual rate you're offered depends heavily on your loan-to-value ratio, income profile, and the remaining term on your loan. Many homeowners who come to Nook are already paying between 7.5% and 9.5% with traditional banks like BDO, BPI, or Metrobank — and they're surprised to discover that the best refinancing rate available today is 5.99% p.a., which may be lower than what Maya or any single bank is quoting them directly. You can see how this stacks up against the broader market on our current mortgage interest rates Philippines page.
The key advantage of using Nook over going directly to Maya Bank — or any single lender — is that Nook submits your profile to multiple competing banks simultaneously and presents you with the best offer. Maya Bank is a digital-first institution, which means their processes can be faster, but their home loan product range is still maturing compared to established players like Security Bank, RCBC, or Chinabank, who have decades of mortgage underwriting experience. If you're weighing up your options and want a full picture, it's worth understanding what documents and criteria each lender actually requires. For example, our BPI housing loan requirements guide is a useful benchmark for what Philippine banks typically expect during a refinancing application.
Refinancing through Nook is completely free for borrowers — Nook is paid by the bank that wins your business, not by you. That means there's no cost to comparing, and no pressure to accept any offer. For a ₱3,000,000 loan with roughly 20 years remaining, moving from a typical rate of 8.50% down to 5.99% could save you over ₱568,000 in total interest payments. Whether you ultimately refinance with Maya Bank, a traditional bank, or another digital lender, Nook's job is to make sure you're choosing from the best available options — not just the most heavily advertised ones.
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
Maya Bank has been expanding its lending products, but its home loan and mortgage refinancing offerings are still limited compared to established Philippine banks. If you're looking to refinance, it's worth comparing Maya's rates against traditional lenders through a broker like Nook to ensure you're getting the most competitive deal available.
Through Nook, the best available refinancing rate today is 5.99% per annum. This rate is available to qualified borrowers and is significantly lower than the 7% to 10% that most Filipino homeowners are currently paying on their existing home loans.
It depends entirely on the rate and terms being offered, not the type of bank. Digital banks can move faster on approvals, but traditional banks often have more flexible loan structures and longer track records in mortgage servicing. Nook compares both so you can make a decision based on numbers, not marketing.
On a ₱3,000,000 loan with 20 years remaining, refinancing from 8.50% to 5.99% reduces your monthly payment by approximately ₱3,157 — that's over ₱37,000 saved in the first year alone and more than ₱568,000 over the life of the loan. Your actual savings will depend on your current rate and remaining term.
Nook is 100% free for borrowers — you fill out one application, and Nook's team submits your profile to multiple banks on your behalf to find the lowest rate you qualify for. Nook earns a fee from the bank that wins your business, so there is no cost to you at any point in the process.
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