If you have a Maya Bank home loan, you may be paying more than you need to. Refinancing through Nook could unlock rates as low as 5.99% p.a. — and save you over 4,800 pesos every single month.
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Why this matters
Maya Bank has built a reputation as a forward-thinking digital bank in the Philippines, and many tech-savvy homeowners have taken out housing loans through their platform. But a competitive application process doesn't always mean the most competitive rate over the life of your loan. If you took out your Maya Bank home loan more than two or three years ago, or if your current rate sits anywhere between 7% and 10%, there's a real chance you're leaving thousands of pesos on the table every month. Refinancing simply means replacing your existing loan with a new one at a better rate — and with the right broker, the process is far less complicated than most people expect.
Nook is the Philippines' first digital mortgage broker, and our job is to match you with the lowest available refinance rate from across our panel of accredited Philippine banks. We handle the comparison, the paperwork coordination, and the back-and-forth with lenders — completely free of charge to you. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% translates to meaningful savings each month and a dramatically lower total interest cost over the life of the loan. You can check where rates stand right now by visiting our guide to current mortgage interest rates in the Philippines before you decide.
The refinancing process typically takes four to eight weeks from application to loan release, and Nook's digital-first approach means you can submit documents, track progress, and communicate with your dedicated broker entirely online. Whether your Maya Bank loan is a few years old or you've recently come off a fixed-rate period and reverted to a higher floating rate, now is a good time to find out what you could qualify for. Start with a free assessment from Nook and we'll tell you exactly what rate you could access — no obligation, no fees, and no need to visit a bank branch.
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 means paying off your existing Maya Bank loan with a new loan from another lender that offers a better rate. Nook works with a panel of accredited Philippine banks and will identify which lender can offer you the most competitive terms based on your loan amount, remaining term, and credit profile.
On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% saves over 4,600 pesos per month — that's more than 55,000 pesos a year. Your actual savings depend on your specific loan balance, remaining term, and the rate you currently hold, but Nook will calculate your exact figures during your free assessment.
Some home loans include an early settlement or prepayment penalty, typically applied during a fixed-rate lock-in period. You should check your Maya Bank loan agreement for any such clause. Nook can help you factor any penalty into the overall savings calculation so you know whether refinancing still makes financial sense.
From submitting your application to receiving your new loan, the process generally takes four to eight weeks depending on the lender and how quickly documents are verified. Nook manages the process on your behalf digitally, which helps avoid delays caused by incomplete submissions or missed follow-ups with the bank.
No — Nook's service is 100% free to the borrower. Nook earns a referral fee from the lending bank once your loan is approved and released, which means your interests and Nook's are fully aligned: the better the deal you get, the better for everyone. There are no hidden charges or upfront costs to use the platform.
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