Homeowners with PHP 20 million luxury properties are leaving hundreds of thousands on the table every year. Nook connects you with the best refinance rates available in the Philippines — completely free.
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No commitment. No credit check. Just your numbers.
Why this matters
At the PHP 20 million tier, even a modest reduction in your home loan interest rate produces savings that are difficult to ignore. Many luxury property owners in Bonifacio Global City, Makati, Alabang, and Cebu's premier enclaves are still servicing loans locked in at rates between 8% and 10% — rates that made sense when they first signed, but are now significantly higher than what today's competitive market offers. Refinancing to Nook's best available rate of 5.99% p.a. can translate to over PHP 360,000 saved every single year, or more than PHP 6 million across the remaining life of a 20-year loan. That is capital that could be redeployed, reinvested, or simply kept in your pocket.
Ultra-high net worth refinancing in the Philippines operates differently from standard home loan products. Lenders at this tier scrutinise debt-service coverage ratios, asset portfolios, and income documentation more carefully, which means having the right broker in your corner matters enormously. Nook works with a curated panel of Philippine banks — including BDO, BPI, Security Bank, Metrobank, and RCBC — to surface the most competitive offers for high-value properties, without you having to negotiate individually with each institution. Before you proceed, it is worth reviewing what documents and qualifications are typically required for refinancing in the Philippines so you can prepare a strong application from the outset.
One consideration unique to the luxury segment is closing costs, which scale proportionally with loan size. On a PHP 20 million refinance, appraisal fees, documentary stamp tax, and registration charges can be meaningful — but they are almost always recovered within the first few months of lower repayments. You can read a full breakdown of home loan refinance closing costs in the Philippines to model your true break-even point before committing. Nook's service is 100% free to borrowers — we are compensated by the bank, never by you — so there is no downside to getting a personalised quote and seeing exactly how much you stand to save.
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 — several major Philippine banks, including BDO, BPI, Security Bank, and Metrobank, have dedicated products for high-value property financing above PHP 10 million. Eligibility at this tier typically requires strong documented income, a clean credit history, and a property appraisal by a bank-accredited assessor. Nook works with lenders experienced in this segment and can match you with those most likely to approve your profile.
The best refinance rate currently available through Nook's panel is 5.99% p.a., which is a fixed introductory rate — typically fixed for 1, 3, or 5 years depending on the bank and product. After the fixed period, your rate reprices based on prevailing market benchmarks. Locking in a competitive fixed rate now, while rates are relatively favourable, is a strategy many high-net-worth borrowers are actively pursuing.
For high-value properties, the end-to-end process typically takes 6 to 10 weeks from application to loan release. The additional time compared to standard loans is usually due to the more thorough appraisal process and extended credit review that banks apply at this lending tier. Nook helps streamline the process by preparing your application for multiple lenders simultaneously, so you are not waiting in serial queues.
Most Philippine banks impose a prepayment penalty if you refinance within the fixed-rate lock-in period of your current loan — commonly 2% to 5% of the outstanding balance. On a PHP 20 million loan, this is a significant figure, so it is critical to check your existing loan agreement before proceeding. Even with a penalty, the long-term savings from refinancing to a materially lower rate often make it worthwhile, and Nook will help you calculate your true break-even after accounting for any exit costs.
Yes, Nook's mortgage brokering service is completely free to borrowers regardless of loan size — including at the PHP 20 million level. Nook earns a referral fee from the bank whose offer you accept, which is a standard and regulated industry arrangement. You receive independent advice, access to multiple lenders, and full application support at no cost to you whatsoever.
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