Prestige Tower Two owners in Bonifacio Global City are often paying 8–9% interest on their home loans — when the best available refinance rate today is just 5.99% p.a. Nook finds you the lowest rate, for free.
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Why this matters
Prestige Tower Two is one of BGC's most recognisable addresses — a high-rise residential development in the heart of Bonifacio Global City offering premium city living with easy access to Bonifacio High Street, McKinley Hill, and the best of Metro Manila's central business districts. If you purchased your unit with a bank home loan, there's a strong chance your interest rate hasn't kept pace with what's available in the market today. Many Prestige Tower owners locked in rates of 8% to 9.5% during their initial loan fixing period and have never revisited them — quietly overpaying by tens of thousands of pesos every year. Refinancing through Nook means you get access to competitive rates across multiple Philippine banks, including BDO, BPI, Security Bank, Metrobank, and RCBC, all in one free application.
BGC condos like Prestige Tower Two are among the most refinance-friendly properties in the country. Banks view them as high-quality collateral — well-maintained, in a prime location with strong resale values — which means lenders compete more aggressively to win your loan. That competition is your advantage. With a remaining balance of around 6,000,000 and 20 years left on your term, moving from 8.50% to 5.99% could save you over 74,000 pesos a year. That's money that could go toward your next investment, your children's education, or simply more breathing room each month. If you're also exploring options across BGC, you might want to read how Two Serendra Red Oak owners are refinancing their BGC home loans for similar savings.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers — we're paid by the bank when your loan is placed, not by you. We handle the paperwork, the bank comparisons, and the follow-ups, so you don't have to chase anyone. The entire process can be started online in minutes, and our team guides you through every step. Whether your loan is currently with BPI, Chinabank, EastWest, or another lender, we can assess your refinancing options with no obligation. If you're curious how BGC refinance rates compare with other premium Metro Manila markets, our guide on home loan rates in Makati is a useful benchmark.
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 a unit that is currently being rented out. The property being tenanted does not disqualify you from refinancing — what matters most to banks is your income documentation and the remaining loan balance. Nook will match you with lenders whose policies are compatible with your situation.
Most Philippine banks will refinance up to 70–80% of the property's current appraised value, so you generally need at least 20% equity in your unit. Given BGC's strong property appreciation over the years, many Prestige Tower owners have more equity than they realise. Nook can help you get a sense of where you stand before you formally apply.
You'll typically need government-issued ID, proof of income (ITR and payslips for employed borrowers, or financial statements for self-employed), your existing loan statement of account, and the property's title and tax declaration. Nook provides a personalised document checklist once you submit your initial details, so you always know exactly what to prepare.
For well-documented applications on BGC condos, the refinancing process typically takes 30 to 60 days from submission to loan release. BGC properties are familiar to most major banks, which can speed up the appraisal and credit assessment stages. Nook actively follows up with the bank on your behalf to keep things moving.
Yes, completely free. Nook earns a placement fee from the bank when your refinanced loan is successfully released — you pay nothing for our service. There are standard bank fees involved in any refinancing (such as appraisal and legal fees), but Nook's brokerage is not one of them, and we'll be upfront about all costs before you commit to anything.
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