Maybank offers home loan refinancing rates starting at 6.99% p.a. (3-year fixed) — and through Nook, you can compare it against the entire market to make sure you're getting the best deal possible, completely free.
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Why this matters
Maybank Philippines is one of the country's established home loan lenders, offering fixed-rate refinancing options across 1-year, 3-year, and 5-year terms — with rates ranging from 6.99% to 7.50% p.a. If you're currently locked into a loan at 8%, 9%, or higher, refinancing through Maybank (or another lender on the Nook panel) could reduce your monthly payment by thousands of pesos. Maybank accepts a wide range of borrowers including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed, with a minimum monthly income requirement of P40,000 and a maximum debt-to-income ratio of 40%. To see how Maybank's rates stack up across the market, check out our guide to current mortgage interest rates in the Philippines.
One of the practical advantages of refinancing with Maybank is the breadth of loan purposes it covers — from ready-for-occupancy properties and reselling to renovation, home equity, and even new construction. This makes it a flexible option whether you're looking to lower your monthly payment, access your home's equity, or fund a major improvement. Nook works with Maybank and a panel of other leading Philippine banks so that instead of applying blindly to one lender, you get a side-by-side comparison and a recommendation tailored to your financial profile — with no broker fees charged to you.
The refinancing process in the Philippines typically takes four to eight weeks from application to loan release, and the documentation requirements are similar across most banks. If you've been comparing lenders and want to understand what other banks require before you decide, our BPI housing loan requirements guide is a useful reference for the kind of documents you should have ready. Nook's mortgage specialists will walk you through every step — from shortlisting the right bank to submitting your application — at absolutely no cost to you as the borrower. Interest rates are subject to change; always verify current rates with the bank or through Nook before proceeding.
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 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 it's best to confirm the latest figures through Nook or directly with Maybank before applying.
Maybank accepts borrowers from a wide range of employment backgrounds including private-sector employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of P40,000 and your total monthly debt obligations (including the new loan payment) should not exceed 40% of your gross monthly income.
Savings depend on your current interest rate, remaining loan balance, and the term you choose. For example, a borrower with a P3,000,000 balance at 9.00% switching to Maybank's 3-year fixed rate of 6.99% could save over P4,000 per month — that's roughly P48,000 a year. Use Nook's free calculator or speak with a specialist to get a personalised estimate based on your actual loan details.
It depends on your current rate, remaining term, and the refinancing costs involved — typically including appraisal fees, documentary stamp tax, and mortgage registration. In most cases, if your current rate is 8% or higher and you have at least five years remaining on your loan, refinancing to a lower rate can generate significant net savings. Nook will calculate the break-even point for you so you can make an informed decision.
Maybank supports refinancing for a broad range of property situations, including ready-for-occupancy (RFO) units, resale properties, pre-selling units, new construction, renovation projects, and home equity purposes. This flexibility makes it suitable for homeowners looking to unlock equity, fund a renovation, or simply reduce their monthly payment on an existing loan.
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