Homeowners paying 7% or higher with their current bank could save over 58,000 per year by refinancing to Maybank Philippines through Nook — completely free.
ESTIMATED MONTHLY SAVINGS
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Why this matters
Maybank Philippines is one of the country's most competitive home loan providers, offering fixed rates starting at 6.99% for a 3-year fixed term — well below what many Filipino homeowners are currently paying with their existing banks. Whether you originally took out your loan with BDO, BPI, Metrobank, or another local lender, refinancing to Maybank through Nook could significantly reduce your monthly amortisation and free up cash for other financial goals. To see how Maybank's rates stack up against the rest of the market, check out our current mortgage interest rates guide for a full comparison.
Maybank accepts a wide range of borrower profiles — including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals — with a minimum monthly income requirement of just 40,000 pesos and a maximum debt-to-income ratio of 40%. This flexibility makes Maybank one of the more accessible refinancing options in the Philippines. Their loan products cover a broad range of purposes too, from ready-for-occupancy units and pre-selling properties to home equity, renovation, and new construction projects.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. We handle the paperwork, compare offers across multiple partner banks including Maybank, and guide you through every step of the refinancing process. There are no broker fees, no hidden charges, and no obligation to proceed. If you're currently considering multiple lenders, it may also be worth reviewing the BPI housing loan requirements to understand what other banks are offering before you decide. Note that all interest rates are subject to change — we recommend verifying current rates directly with Maybank or through Nook before making any financial 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 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%. For home equity loans, the rate is 9.88%. These rates are subject to change, so we recommend checking with Nook or Maybank directly to confirm the latest figures before applying.
Maybank accepts borrowers from a wide range of employment categories, including private-sector employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is 40,000 pesos, and your total debt obligations must not exceed 40% of your gross monthly income.
Savings depend on your current interest rate, remaining loan balance, and term. For example, a borrower with a 3,000,000 peso loan at 8.50% could save over 2,700 pesos per month by switching to Maybank's 6.99% 3-year fixed rate — that's more than 32,000 pesos in savings each year. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
No — Nook's mortgage brokering service is completely free for borrowers. We are compensated by the bank, not the applicant, so you can explore your options, submit your application, and get expert guidance without paying a single peso in broker fees. There is also no obligation to proceed once you receive your refinancing offer.
Beyond standard refinancing, Maybank supports a variety of loan purposes including home equity, renovation, new construction, pre-selling, ready-for-occupancy (RFO), reselling, and foreclosed property purchases. This makes Maybank a flexible choice whether you're refinancing an existing loan or looking to unlock equity from your home for other financial needs.
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