Millions of Filipino homeowners with existing Maybank housing loans are paying 7% or more — Nook can help you refinance to as low as 5.99% p.a. at zero cost to you.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Maybank Philippines is a respected housing loan provider with competitive fixed-rate options — their 1-year fixed rate starts at 7.00%, and their 3-year fixed sits at 6.99%. But if you took out your Maybank home loan several years ago, there's a good chance your current rate is significantly higher than what's available in the market today. Many borrowers locked in at 8% to 10% during earlier repricing cycles and have never revisited their options. That difference in rate translates directly into thousands of pesos every single month. To see how Maybank's current offerings stack up against other lenders, check out our guide to current mortgage interest rates in the Philippines.
Refinancing doesn't mean abandoning a bank you trust — it means making sure your mortgage is still working in your favor. Through Nook, you can compare Maybank's current rates alongside offers from BDO, BPI, Security Bank, RCBC, and other top Philippine lenders, all in one place. Nook's digital platform makes it easy to submit your documents, track your application, and get a decision faster than walking into a branch. And because Nook is a broker, not a lender, our service is completely free to you — banks pay us a referral fee when your loan closes.
Whether your goal is to lower your monthly amortisation, shorten your loan term, or tap your home equity for renovations or other needs, refinancing through Nook gives you real options backed by a licensed team that knows the Philippine mortgage market inside and out. Note that interest rates are subject to change — always verify the latest rates with your chosen bank before finalizing your application.
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, absolutely. Refinancing to a new bank is a standard process in the Philippines and is perfectly legal. Nook can help you compare offers from multiple partner banks, submit your application digitally, and coordinate the full transfer — including settlement of your remaining Maybank balance.
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%. Their Home Equity product is priced at 9.88%. These rates are subject to change, so we recommend verifying directly with Maybank or through Nook before applying.
Savings depend on your remaining loan balance, current interest rate, and the new rate you qualify for. On a 3,000,000 peso loan at 8.50%, switching to 5.99% could reduce your monthly payment by over 4,000 pesos — that's potentially more than 800,000 pesos saved over the remaining term. Use Nook's free calculator to get a personalized estimate.
Requirements vary by bank but generally include proof of income, valid government IDs, your existing loan statement, and property documents such as the Transfer Certificate of Title and tax declaration. For employed borrowers, a minimum monthly income of around 40,000 pesos is typical. Nook will guide you through the exact checklist for whichever bank you choose.
The timeline typically ranges from 4 to 8 weeks depending on the bank and the completeness of your documents. Nook's digital platform helps speed things up by letting you upload requirements online and track your application in real time. Choosing a bank with streamlined processing — which Nook helps you identify — can make a significant difference.
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