If you have a Maybank Philippines home loan, you could be paying more than you need to. Refinancing through Nook takes your rate as low as 5.99% p.a. — and our broker service is completely free.
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Why this matters
Maybank Philippines is the local arm of Malaysia's largest bank, offering home loans across a range of fixed-rate periods. Their advertised rates start from 7.00% p.a. for a 1-year fixed term, but many existing Maybank borrowers — particularly those who took out loans several years ago — are sitting on repriced rates of 8.5% or higher. If your fixed period has already expired and your loan has rolled onto a standard variable or repriced rate, there's a strong chance you're overpaying every single month. You can check how your rate compares against current mortgage interest rates in the Philippines to see where you stand.
Refinancing your Maybank home loan means transferring your outstanding balance to a new lender at a lower interest rate — effectively restarting your loan on better terms. Through Nook, you can compare offers from multiple Philippine banks in one place, including institutions that may offer significantly sharper rates than your current Maybank repriced rate. The process involves settling your existing Maybank loan using funds from the new bank, releasing the title held by Maybank, and registering the new mortgage. It typically takes 30 to 60 days from application to full transfer, and Nook guides you through every step at no cost to you.
To qualify for refinancing in the Philippines, most banks require a minimum monthly income of around 40,000 pesos, a debt-to-income ratio below 40%, and a property with a clean title. Maybank itself accepts applications from employed professionals, government workers, BPO employees, OFWs, seafarers, and self-employed borrowers — meaning if you originally qualified with Maybank, you're likely eligible to refinance elsewhere too. Whether you're looking to lower your monthly payment, shorten your remaining loan term, or simply get off a rate that no longer feels competitive, refinancing is worth exploring. Please note that interest rates are subject to change and you should verify current rates directly with lenders before making any decisions.
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
Maybank Philippines currently offers home loan rates starting at 7.00% p.a. for a 1-year fixed term, 6.99% p.a. for a 3-year fixed term, and 7.50% p.a. for a 5-year fixed term. However, if your fixed period has ended and your loan has been repriced, your actual rate may be considerably higher — many repriced borrowers are paying 8.5% to 10% or more. Always check your latest Statement of Account or call Maybank directly to confirm your current rate.
Yes, you can refinance your Maybank Philippines home loan to any other accredited bank or lending institution in the country. The process involves applying for a new loan with your chosen bank, using those funds to fully pay off your outstanding Maybank balance, and transferring the title annotation to the new lender. Nook can help you compare multiple bank offers simultaneously and manage the entire process for free.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current Maybank rate and the new rate. On a 3,000,000 peso loan with a remaining 20-year term, moving from 8.5% to 5.99% p.a. could save you over 4,500 pesos per month — that's more than 54,000 pesos per year. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
You will typically need a valid government-issued ID, proof of income (payslips, ITR, or Certificate of Employment), your latest Maybank Statement of Account showing the outstanding balance, a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and a recent tax declaration for the property. Maybank will also need to issue a Statement of Account reflecting your payoff amount, which your new lender will use to process the release. Nook provides a complete document checklist once you start your application.
No — Nook's mortgage broker service is 100% free for borrowers. Nook earns a referral fee from the bank you ultimately choose, so you get expert guidance, rate comparisons, and end-to-end application support at zero cost to you. There are standard third-party fees involved in any refinancing (such as appraisal, registration, and notarial fees), but Nook's own service is completely free.
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