If you have an existing Maybank home loan, you may be paying more than you need to. Refinancing through Nook could lower your rate to as low as 5.99% p.a. — and our service is completely free.
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Why this matters
Maybank is one of the Philippines' established home loan providers, offering fixed-rate packages starting at 7.00% for a 1-year fix and up to 7.50% for a 5-year fixed term. While these are competitive rates in the market, many Filipino homeowners who took out their mortgage several years ago — or are coming off a repricing period — may find themselves locked into a higher rate than what's currently available. If your Maybank home loan is repricing soon, or you're already on a floating rate above 8%, now is the right time to explore your options. You can check current mortgage interest rates in the Philippines to see how your existing rate compares.
Refinancing your Maybank home loan doesn't have to mean switching banks — but in many cases, moving to a lender offering a lower fixed rate can generate meaningful savings over the life of your loan. On a ₱3,000,000 loan with 20 years remaining, even a 1–2 percentage point reduction in your rate translates to thousands of pesos saved every single month. Nook works with a panel of Philippine banks and lenders to find the best available refinance offer for your specific situation — including income type, loan balance, and property location — at zero cost to you.
Maybank itself is also a Nook partner bank, which means if you're happy with Maybank's service and simply want to reprice or restructure your existing loan, we can help you explore that too. Whether you stay with Maybank or move to another lender, Nook handles the comparison, paperwork, and bank coordination on your behalf. Maybank accepts borrowers from a wide range of employment backgrounds — including private employees, OFWs, self-employed professionals, and government workers — with a minimum monthly income of ₱40,000 and a maximum debt-to-income ratio of 40%. Note: Interest rates are subject to change. Always verify the latest rates with your bank or through Nook before making a decision.
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
The best time to refinance is typically when your fixed-rate period is ending and your loan is about to reprice — usually 60 to 90 days before that date. Refinancing at the end of a fixed term helps you avoid early repayment penalties and lock in a new competitive rate before your bank reprices you to a higher floating rate.
Refinancing means your new lender pays off your Maybank loan in full, so your mortgage relationship with Maybank ends. However, your other Maybank accounts — savings, credit cards, and deposits — are unaffected. If you'd prefer to stay with Maybank, Nook can help you explore repricing or restructuring options directly with them.
Maybank currently offers a 1-year fixed rate at 7.00% p.a., a 3-year fixed rate at 6.99% p.a., and a 5-year fixed rate at 7.50% p.a. Home equity loans are available at 9.88% p.a. These rates are subject to change, so we recommend verifying the latest figures through Nook or directly with Maybank before applying.
You'll typically need a valid government-issued ID, proof of income (payslips, ITR, or financial statements for the self-employed), your latest Statement of Account from Maybank, and documents for your property such as the TCT and tax declaration. Nook will give you a complete checklist once we assess your application, so you won't miss anything.
Nook is the Philippines' first digital mortgage broker — we compare home loan offers from multiple banks on your behalf and handle the entire application process from start to finish. Our service is 100% free to borrowers because we are compensated by the bank when your loan is approved. You get expert guidance and multiple bank options without paying a single peso in broker fees.
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