MAYA BANK REFINANCE

Digital Banking, Smarter Home Loan
Overpaying Your Bank?

By the Nook Editorial Team · Reviewed to Nook's editorial standards

Maya Bank is making waves in Philippine digital banking — but are their housing loan rates actually the best you can get? Nook compares Maya Bank and every major lender so you can refinance with confidence and keep more money every month.

YOUR POTENTIAL SAVINGS

8.50%
Your likely rate
5.99%
Best available
₱3,069
estimated monthly savings on a ₱3,000,000 loan

No commitment. No credit check. Just your numbers.

2,400+
Homeowners helped
₱9.2K
Avg. monthly savings
15
Partner banks
100%
Free service

Why this matters

Your bank is counting on you not checking.

Maya Bank has positioned itself as the go-to digital lender for a new generation of Filipino borrowers — fast apps, paperless processing, and a sleek mobile-first experience. If you currently have a housing loan with Maya Bank or are considering refinancing to them, it's worth understanding how their rates stack up against the broader market. As of mid-2025, current mortgage interest rates in the Philippines vary widely across lenders, and the difference between a competitive rate and an average one can mean hundreds of thousands of pesos over your loan term.

Many homeowners who took out loans when rates were higher — often between 7.50% and 9.00% — are now discovering they can refinance to rates as low as 5.99% p.a. through Nook's panel of accredited banks. That gap is significant. On a 3,000,000 peso loan with 20 years remaining, dropping from 8.50% to 5.99% saves over 3,000 pesos every single month. Whether you're currently with Maya Bank, BDO, Metrobank, or any other lender, Nook's free service shops the entire market on your behalf — no broker fees, no hidden charges, just the best rate available to you.

Refinancing to or from Maya Bank follows the same process as any home loan refinance: you'll need to meet income and property requirements, provide documentation, and pass the lender's credit assessment. If you're also evaluating traditional banks as alternatives, it's worth reviewing options like BPI's housing loan requirements to understand what different lenders expect. Nook handles the comparison and application process from start to finish, making it easy to find your lowest possible rate regardless of which bank ends up being the best fit.

The monthly numbers on a ₱3,000,000 balance

Current payment at 8.50% ₱26,035
Refinanced payment at 5.99% ₱22,966
Monthly savings ₱3,069
Annual savings ₱36,828
Total savings over remaining term ₱552,420

Three steps. No paperwork until you decide.

1

Check your rate (60 seconds)

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.

2

Talk to a Nook consultant (15 minutes)

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.

3

Nook handles everything

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

What Maya Bank housing loan borrowers ask us.

Does Maya Bank offer housing loan refinancing?

Maya Bank offers home loan products as part of its expanding digital banking services, and refinancing into a Maya Bank housing loan is possible for eligible borrowers. However, the best way to know if Maya Bank has the most competitive rate for your specific situation is to compare them side by side with other lenders — which is exactly what Nook does for free.

What interest rate can I get if I refinance my housing loan?

Through Nook's panel of accredited Philippine banks, the lowest available refinance rate is currently 5.99% p.a. The exact rate you're offered will depend on your loan amount, remaining term, property type, and the lender's current pricing — but Nook will find and present you with the best option available.

How much can I save by refinancing from 8.50% to 5.99%?

On a 3,000,000 peso loan with 20 years remaining, refinancing from 8.50% to 5.99% reduces your monthly payment by roughly 3,069 pesos — that's over 36,000 pesos in savings every year, and more than 550,000 pesos over the remaining life of the loan. Use Nook's calculator to see your personalised savings estimate.

Is Nook's mortgage brokering service really free?

Yes, completely. Nook is a digital mortgage broker and its service is 100% free to borrowers. Nook earns a referral fee from the bank when your loan is successfully placed, so you pay nothing out of pocket for the comparison, advice, or application support you receive.

How long does it take to refinance a housing loan in the Philippines?

A typical home loan refinance in the Philippines takes between 4 and 8 weeks from application to loan release, depending on the lender and how quickly documents are submitted. Nook helps streamline the process by guiding you through exactly what's needed and following up with the bank on your behalf.

Every month you wait costs you ₱3,069.

Check your exact savings in 60 seconds. It's free and takes no commitment.

Check My Savings Now →