If you have a Maybank home loan, you could be paying a higher rate than necessary. Nook compares top Philippine banks to find you a better deal — and our service is completely free.
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Why this matters
Maybank Philippines is a well-established bank with competitive home loan products, but like all fixed-rate mortgages in the Philippines, your rate resets at the end of every fixed period — and many borrowers find themselves rolled onto a higher rate without realising there are better options available. If your Maybank home loan has been repriced recently, or your fixed-rate period is coming to an end, now is the right time to review whether refinancing could save you money. You can check today's mortgage interest rates across Philippine banks to see how your current rate stacks up.
Nook is the Philippines' first digital mortgage broker, and we work with a panel of accredited partner banks — including Maybank — to find the most competitive refinancing rate for your situation. We handle the comparison, the paperwork coordination, and the bank negotiation on your behalf, at zero cost to you. The best refinance rate currently available through Nook is 5.99% p.a., which for a 3,000,000 loan on a 20-year remaining term represents a potential saving of over 3,800 pesos every single month compared to a typical 8.50% rate. That is money that stays in your pocket rather than going to the bank.
Refinancing your Maybank home loan through Nook is straightforward. You submit your details once, and we match you to the bank offering the best rate for your income profile, employment type, and property. Whether you are a salaried employee, an OFW, a business owner, or a BPO professional, Nook can find a refinancing solution that fits. The entire process is done online, and our mortgage advisors are available to guide you every step of the way. Note that interest rates are subject to change — we recommend verifying current rates with our team before making any 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
Yes, you can refinance your Maybank home loan with any accredited bank in the Philippines, including those in Nook's partner network. The process involves your new bank settling the outstanding balance with Maybank, and you then repay the new bank at a lower interest rate. Nook manages this entire transition on your behalf at no cost to you.
The best time to refinance is just before or at the end of your fixed-rate period, when Maybank is about to reprice your loan. If you are already on a floating or repriced rate that feels high, you can refinance at any time — though you should check whether any prepayment penalties apply. Nook can help you calculate whether the savings outweigh any exit fees.
Yes — Maybank is a Nook partner bank and offers refinancing rates starting from 7.00% p.a. for a 1-year fixed term and 6.99% p.a. for a 3-year fixed term, making it one of the more accessible options for borrowers looking to manage their monthly repayments. Maybank accepts applications from salaried employees, OFWs, self-employed professionals, and government workers with a minimum monthly income of 40,000 pesos.
Standard refinancing documents include your latest Statement of Account from Maybank, valid government-issued IDs, proof of income such as payslips or ITR, and the title and tax declaration of your property. Nook's advisors will give you a complete checklist tailored to your employment type so nothing is missed. If you are also comparing other banks, you may find the BPI housing loan requirements guide useful as a reference for what Philippine banks typically ask for.
The typical refinancing process in the Philippines takes between 30 and 60 days from submission of complete documents to loan release, though timelines can vary by bank and property type. Nook helps you prepare a complete application from the start to avoid delays caused by missing documents. Our team tracks your application and keeps you updated throughout the entire process.
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