If you have a Maybank Philippines housing loan, you could be paying more than necessary. Nook helps you compare refinancing options across top local banks — completely free.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Maybank Philippines is the local arm of Malaysia's largest bank, and it offers a range of housing loan products including home equity loans with rates starting at 9.88% p.a. While Maybank is a reputable institution with strong regional roots, Filipino homeowners who took out loans at higher fixed or variable rates may find that current mortgage interest rates in the Philippines have become more competitive — especially through digital mortgage brokers like Nook that aggregate offers from multiple lenders.
Refinancing your Maybank Philippines housing loan doesn't mean leaving a bad bank — it means making sure your money is working as hard as possible for you. With Nook's best available refinance rate of 5.99% p.a., a homeowner with a 3,000,000 peso loan balance on a 20-year term could potentially reduce their monthly payment from around 27,816 pesos (at Maybank's 9.88% home equity rate) down to approximately 22,966 pesos — a saving of nearly 4,850 pesos every single month. Over a 15-year refinance period, that adds up to over 873,000 pesos in total interest savings.
Nook works with a panel of Philippine banks and lenders to find you the best refinancing deal at no cost to you. Our digital platform handles the heavy lifting — comparing rates, preparing your documents, and submitting your application — so you spend less time at the bank and more time enjoying your home. Whether your current loan is through Maybank or any other lender, Nook's free broker service is designed to get you a better deal faster.
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 Philippines housing loan with any accredited bank or financial institution in the Philippines. Refinancing simply means a new lender pays off your existing Maybank loan balance, and you begin repaying the new lender under fresh, hopefully better, terms. Nook can help you compare multiple banks at once to find the most competitive rate available to you.
Maybank Philippines currently offers a 1-year fixed rate of 7.00% p.a., a 3-year fixed rate of 6.99% p.a., a 5-year fixed rate of 7.50% p.a., and a home equity loan rate of 9.88% p.a. These rates are subject to change, so we recommend verifying the latest figures directly with Maybank or through Nook's platform before making any decisions.
On a 3,000,000 peso loan with 20 years remaining, moving from a 9.88% rate to Nook's best available rate of 5.99% p.a. could reduce your monthly repayment by approximately 4,850 pesos — that's over 58,200 pesos saved per year. Total savings over a 15-year period could exceed 873,000 pesos, though your actual savings will depend on your specific loan balance, remaining term, and the rate you qualify for.
No, Nook's mortgage brokering service is completely free for borrowers. Nook earns a referral fee from the bank when your loan is successfully placed, which means you get expert guidance, rate comparisons, and application support at zero cost to you. There are no hidden charges or broker fees added to your loan.
The standard documents for refinancing include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for the self-employed), your latest Maybank loan statement, and property documents such as the Transfer Certificate of Title and tax declaration. Requirements can vary slightly by bank, so it's worth checking guides like the BPI housing loan requirements checklist to get a general sense of what Philippine banks typically ask for before starting your application.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →