Thousands of Filipino homeowners with Maybank housing loans are overpaying every month — Nook can help you switch to a rate as low as 5.99% p.a. for free.
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Why this matters
Maybank Philippines is one of the country's few foreign-owned retail banks, carrying the heritage of Malaysia's largest financial group. While Maybank offers competitive home loan products — including fixed rates starting at 7.00% for a 1-year term and 6.99% for a 3-year term — many existing Maybank borrowers find themselves locked into older loan packages with rates well above 8% or even 9%. If you haven't reviewed your mortgage in the last two or three years, there's a strong chance you're paying significantly more than you need to. See where today's mortgage rates in the Philippines actually stand and find out how far your current rate has drifted from the market.
Refinancing a Maybank housing loan in the Philippines works the same way as refinancing from any local bank — you're simply moving your outstanding balance to a new lender offering a lower interest rate and better terms. Through Nook, the Philippines' first digital mortgage broker, you can compare refinancing offers from multiple accredited banks without paying a single centavo in broker fees. Nook handles the rate comparison, document preparation, and lender coordination on your behalf, so you don't have to approach each bank individually. Whether your goal is to reduce your monthly amortisation, shorten your remaining loan term, or access your home equity, Nook can match you to the right bank for your financial profile.
It's also worth knowing that Maybank itself is a Nook partner bank, which means if you're refinancing from another lender, Maybank could be your destination — not just your starting point. With a minimum monthly income requirement of 40,000 pesos, a maximum debt-to-income ratio of 40%, and loan purposes covering everything from ready-for-occupancy properties to renovation and home equity, Maybank's refinancing product is genuinely competitive. The smartest move is to let Nook compare Maybank's current offers side-by-side with those from BDO, BPI, Security Bank, and others, so you choose based on numbers — not guesswork. Note that all interest rates are subject to change; always verify the latest rates directly with your lender or through Nook before making a 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, absolutely. Refinancing means paying off your existing Maybank loan using a new loan from another lender offering a lower rate or better terms. There are no restrictions on switching banks in the Philippines, and Nook can help you find and apply for the best available offer completely free of charge.
As a Nook partner bank, Maybank currently offers a 1-year fixed rate of 7.00% p.a., a 3-year fixed rate of 6.99% p.a., and a 5-year fixed rate of 7.50% p.a. A home equity loan product is also available at 9.88% p.a. Rates are subject to change, so always confirm the latest figures through Nook or directly with Maybank before applying.
Savings depend on your outstanding loan balance, remaining term, and how far your current rate sits above the market. On a 3,000,000 peso loan with 20 years remaining, moving from a 9.00% rate to 5.99% could reduce your monthly payment by over 4,000 pesos — adding up to more than 700,000 pesos in total interest savings. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
You'll typically need a valid government-issued ID, your latest three to six months of payslips or income documents, your most recent ITR or BIR Form 2316, a copy of your existing loan statement of account, and your Transfer Certificate of Title (TCT). See a detailed mortgage document checklist for a comprehensive breakdown of what Philippine lenders generally require. Nook's team will guide you through exactly what each bank needs for your application.
Yes, Nook's service is 100% free to borrowers. Nook earns its fee from the receiving bank upon successful loan disbursement, not from you. You get access to multiple bank offers, expert guidance, and full application support without paying anything out of pocket.
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