Maybank Philippines offers home loan rates starting at 6.99% p.a. — refinancing through Nook is 100% free and could save you thousands every month.
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Why this matters
Maybank is one of Southeast Asia's largest and most established banking groups, and its Philippine operations bring that regional expertise directly to Filipino homeowners. With a 3-year fixed rate of just 6.99% p.a. and a 1-year fixed rate of 7.00% p.a., Maybank is among the more competitive options available for home loan refinancing today — well below the 8% to 10% rates that many Filipinos are still paying on older loans. If your current home loan was taken out more than two or three years ago, there is a strong chance you are paying more than you need to. You can check how Maybank's rates compare against the broader market on our current mortgage interest rates page.
Refinancing to Maybank through Nook means you get access to their full product lineup — including fixed-rate terms of 1, 3, and 5 years — without paying any broker fees. Maybank accepts a wide range of borrower profiles, including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed. The minimum qualifying monthly income is 40,000 pesos, and the maximum debt-to-income ratio is 40%, which is standard across most Philippine banks. Whether your goal is to lower your monthly amortisation, shorten your remaining loan term, or access your home equity, Maybank has a product to match. Their Home Equity loan, for instance, is available at 9.88% p.a. for borrowers looking to unlock the value built up in their property.
The refinancing process can feel daunting, but Nook simplifies it by handling the comparison, paperwork coordination, and bank submission on your behalf — at zero cost to you. Our digital platform lets you submit your documents once and get matched with the best available offer from Maybank and other partner lenders. Interest rates are subject to change, so we always recommend verifying the latest figures directly before finalising your application. If you are still gathering information and want to understand what documents you will need when switching banks, our guides on BPI housing loan requirements offer a useful benchmark for the paperwork typically required across Philippine lenders.
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 currently offers a 1-year fixed rate of 7.00% p.a. and a 3-year fixed rate of 6.99% p.a., making it one of the more competitive banks for refinancing in the Philippines right now. Their 5-year fixed rate is 7.50% p.a., and a Home Equity product is available at 9.88% p.a. These rates are subject to change, so always confirm the latest figures before applying.
Maybank accepts borrowers from a broad range of employment types, including private employees, government workers, BPO professionals, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000 pesos, and your total debt obligations should not exceed 40% of your gross monthly income. Nook can help you assess your eligibility before you formally apply.
On a 3,000,000 peso loan with a remaining 20-year term, switching from a rate of 8.50% to Maybank's 3-year fixed rate of 6.99% could reduce your monthly payment by over 2,700 pesos — that is more than 33,000 pesos in savings per year. Your actual savings will depend on your outstanding balance, remaining term, and the rate you are currently paying. Use Nook's free calculator to get a personalised estimate.
Nook's service is completely free to borrowers — we are compensated by the bank, not by you. Maybank, like all Philippine lenders, does charge standard processing and documentation fees as part of the refinancing transaction itself, such as appraisal fees and notarial costs. Nook will walk you through exactly what to expect before you commit to anything.
Maybank's home loan products cover a wide range of purposes including refinancing of existing loans, home equity (cash-out), new construction, pre-selling and ready-for-occupancy purchases, renovation, and reselling or resale properties. This flexibility makes Maybank a strong option whether you are refinancing an existing mortgage or financing a new property transaction entirely.
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