If you took out a housing loan with Maya Bank, you may be paying a rate well above what's available today. Refinancing to a traditional bank at 5.99% p.a. could save you over 873,000 pesos over the life of your loan.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Maya Bank has built a strong reputation as a digital-first financial institution in the Philippines, but housing loans are a different game from everyday banking and e-wallets. Like many fintech lenders, Maya Bank's home loan rates tend to reflect a higher cost of capital compared to established mortgage specialists. Homeowners who locked in their loan during a period of rising rates — or simply took the first offer available — are often paying 8% to 9% or more when traditional banks are now offering as low as 5.99% p.a. through Nook. That gap translates directly into thousands of pesos leaving your pocket every single month.
Refinancing your Maya Bank housing loan means transferring your outstanding balance to a new lender who offers a lower interest rate, longer repricing period, or both. The process involves a new loan application, property appraisal, and legal documentation — but it does not mean starting from scratch on your repayment term. Most borrowers refinance into a 15 to 20-year structure based on their remaining balance and goals. To understand where rates currently stand across Philippine banks, you can check the current mortgage interest rates in the Philippines to see how much the market has shifted in your favour.
Nook makes the refinancing process entirely free for borrowers. As the Philippines' first digital mortgage broker, Nook compares offers from BDO, BPI, Metrobank, Security Bank, RCBC, and more — so you get the best available rate without doing the legwork yourself. If you're weighing your options, it's worth knowing that BPI's housing loan program is one of the most competitive for refinancing, with straightforward requirements and fast processing. A Nook advisor can tell you exactly which bank is the right fit for your outstanding balance and financial profile.
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 loan is in good standing and your property title is clean, you are eligible to refinance to any accredited bank or lender in the Philippines. Maya Bank is not a Pag-IBIG or government-backed lender, so there are no special restrictions on transferring your balance to a bank like BPI, BDO, or Security Bank.
On a 3,000,000 peso loan at 8.50%, you are paying roughly 26,035 pesos per month. At Nook's best available rate of 5.99%, that drops to around 21,557 pesos — a saving of more than 4,400 pesos every month, or over 800,000 pesos across a 15-year remaining term. Your exact savings depend on your outstanding balance and remaining tenure.
You will typically need your latest Maya Bank loan statement, proof of income (payslips or ITR for the last two years), a copy of the Transfer Certificate of Title (TCT), and a recent tax declaration. Your new lender will also require a property appraisal, which is usually arranged and paid for at the time of application.
Yes, refinancing involves one-time costs such as appraisal fees, notarial fees, mortgage registration fees, and sometimes a cancellation fee from Maya Bank for early settlement. These typically range from 30,000 to 80,000 pesos depending on your loan size and location. In most cases, the monthly savings recovered within the first year far exceed these upfront costs.
Most refinancing applications processed through Nook are completed within 30 to 45 banking days, depending on how quickly documents are submitted and how fast your local Registry of Deeds processes the title transfer. Nook's team guides you through each step and follows up with banks on your behalf so the process moves as smoothly as possible.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →