Maybank Philippines offers competitive home loan rates — but homeowners who refinance through Nook can access rates as low as 5.99% p.a. and save thousands every month, completely free.
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Why this matters
Maybank Philippines is a well-established foreign bank operating in the local market, backed by Malaysia's largest banking group. Their housing loan products are structured competitively, with 1-year fixed rates at 7.00%, 3-year fixed at 6.99%, and 5-year fixed at 7.50%. However, many Maybank borrowers who took out their home loans several years ago are still carrying rates between 8% and 10% — significantly above what is available in today's market. Whether your fixed-rate period has ended and your loan has repriced upward, or you simply never revisited your mortgage since signing, there is a strong chance you are overpaying every month.
Refinancing your Maybank home loan through Nook means you get access to rates from multiple partner banks — not just one — so you can compare actual offers side by side and choose the deal that works best for your income, property, and goals. Nook works with a curated panel of Philippine banks and non-bank lenders, and the service is 100% free to borrowers. You can check current mortgage interest rates in the Philippines to see how your existing Maybank rate stacks up against what is available right now. The difference is often larger than homeowners expect.
Maybank Philippines accepts a wide range of borrower profiles — including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and business owners — with a minimum monthly income requirement of 40,000 pesos and a maximum debt-to-income ratio of 40%. If you are currently with Maybank and considering your options, or if you are a borrower from another bank looking at Maybank as a refinance destination, Nook can help you evaluate both scenarios and find the most competitive path forward. Please note that interest rates are subject to change, and we recommend verifying the latest rates directly with your preferred lender before finalising any decision.
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 to another bank at any time, subject to any lock-in period or prepayment penalty specified in your original loan agreement. Most Philippine banks allow full loan takeover refinancing, where the new lender pays off your existing Maybank balance and issues a fresh loan at a lower rate. Nook can help you identify the best receiving bank for your specific situation and handle the paperwork at no cost to you.
Through Nook, the lowest refinance rate currently available is 5.99% per annum, which is significantly below the 7.00% to 7.50% range that Maybank typically offers on fixed-rate home loans. The exact rate you qualify for will depend on your loan amount, remaining term, income profile, and the bank's assessment of your property. Submitting a refinance inquiry through Nook is free and gives you real offers from multiple lenders to compare.
On a 3,000,000 peso loan with 20 years remaining, switching from an 8.50% rate to 5.99% could reduce your monthly payment by over 4,000 pesos and save you more than 800,000 pesos over the life of the loan. Even smaller rate reductions produce meaningful savings at typical Philippine loan sizes. Use Nook's free refinance calculator to model your own scenario based on your actual balance and remaining term.
Nook's service is completely free for borrowers — there are no broker fees, application fees, or hidden charges at any stage of the process. Nook earns a referral fee from the receiving bank once your loan is successfully disbursed, which means the bank pays for the service on your behalf. You get independent mortgage advice and full application support at zero cost to you.
Standard refinance documents include a valid government-issued ID, your most recent payslips or proof of income, your latest ITR, a copy of your existing Maybank loan statement showing the outstanding balance, and the title and appraisal documents for your property. If you are self-employed or an OFW, additional documents such as business registration papers or a POEA contract may be required. Nook provides a personalised checklist once you submit your inquiry, so you always know exactly what to prepare.
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