Maybank Philippines borrowers are switching to rates as low as 5.99% p.a. through Nook — potentially saving over 58,000 pesos every year on a 3-million-peso loan.
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Why this matters
Maybank Philippines is one of the few Malaysian-owned banks operating in the local home loan market, and many borrowers were attracted by its competitive introductory rates at the time they took out their loan. However, after the fixed-rate period expires, Maybank's repricing rates can climb significantly — with their 5-year fixed currently at 7.50% and their home equity rate reaching 9.88%. If your loan has already repriced or is about to, there's a strong chance you're now paying more than you need to. Refinancing through Nook lets you compare live offers from multiple Philippine banks to find a rate that genuinely fits your situation today. Check current mortgage interest rates in the Philippines to see how Maybank stacks up against the competition right now.
Nook is a 100% free digital mortgage broker — meaning we do the legwork of comparing bank offers on your behalf at zero cost to you. We work with a panel of partner banks, including Maybank itself, so if Maybank's current offers are competitive for your profile, we'll tell you. But if another lender can save you thousands of pesos per month, we'll show you that too. Our platform is built specifically for Filipino homeowners looking to refinance, and we handle the paperwork, bank coordination, and rate negotiation so you don't have to.
Refinancing a Maybank Philippines home loan follows the same process as switching any other lender: your new bank pays off your outstanding Maybank balance and issues a new loan at a lower rate. Most borrowers qualify with a minimum monthly income of 40,000 pesos and a debt-to-income ratio under 40%. Whether you're employed in the private sector, working as an OFW, or running your own business, Nook can match you with a bank that accepts your income type. The entire process typically takes four to eight weeks, and the long-term savings are substantial — a single percentage point reduction on a 3-million-peso loan over 20 years saves you over 800,000 pesos in interest.
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, you can refinance your Maybank Philippines home loan to any accredited bank or lender in the Philippines. The new bank pays off your remaining Maybank balance and takes over the mortgage at a new, lower interest rate. Nook can help you compare multiple bank offers side by side so you choose the best deal for your situation.
Maybank Philippines currently offers a 1-year fixed rate of 7.00%, a 3-year fixed rate of 6.99%, and a 5-year fixed rate of 7.50%. Their home equity loan rate stands at 9.88%. These rates are subject to change, so always verify directly with Maybank or through Nook before making a decision.
On a 3,000,000-peso loan, switching from a repriced Maybank rate of around 8.50% to Nook's best available rate of 5.99% p.a. could save you over 4,000 pesos per month. Over a 20-year term, that adds up to hundreds of thousands of pesos in interest savings. Use Nook's free calculator to get a personalised estimate based on your actual loan balance and remaining term.
Yes, completely free. Nook earns a referral fee from the bank you ultimately choose, which means there is no cost whatsoever to you as the borrower. You get professional mortgage broker support, bank comparison, and application assistance at zero charge, regardless of which bank you end up with.
You'll typically need your latest Maybank loan statement, proof of income (payslips or ITR), a copy of your Transfer Certificate of Title, and a recent tax declaration. Employed borrowers should prepare their COE and payslips, while self-employed applicants will need audited financial statements. Nook provides a complete document checklist once you start your application and guides you through every step of the process.
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