Homeowners with an SB Finance Corporation home loan could be paying rates as high as 8.50% per annum — refinancing through Nook could lower your rate to 5.99% p.a. and save you thousands every month.
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Why this matters
SB Finance Corporation, the lending arm of Security Bank, offers home loans that many Filipinos used to finance their property purchases. However, if you took out your loan several years ago, the rate you locked in may no longer be competitive compared to what the market offers today. With current mortgage interest rates in the Philippines having shifted significantly, refinancing could be one of the smartest financial moves you make this year. Nook connects you with multiple lenders to find the best available rate — currently as low as 5.99% p.a. — at absolutely no cost to you as the borrower.
Refinancing your SB Finance home loan is more straightforward than most people expect. Nook handles the heavy lifting: comparing offers from leading Philippine banks, preparing your documentation checklist, and guiding you through every step of the application process. Whether your outstanding balance is 2 million or 6 million pesos, the potential savings over a 15 to 20 year remaining term can be substantial — often running into hundreds of thousands of pesos in total interest avoided. The process typically takes 4 to 8 weeks from inquiry to loan release, and Nook's mortgage specialists are with you every step of the way.
To qualify for refinancing, lenders generally look for a clean payment history on your existing loan, a property with a clean title, and sufficient income to service the new loan. If you are curious how competing banks structure their requirements, you can review the BPI housing loan requirements guide as a useful benchmark for what documents and eligibility criteria lenders typically expect. Starting a free assessment with Nook takes just a few minutes and gives you a clear picture of how much you could save by switching away from your current SB Finance rate.
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 taking out a new home loan from a different lender to pay off your existing SB Finance balance, ideally at a lower interest rate. Nook works with multiple Philippine banks to find you the most competitive offer available based on your loan balance, property value, and financial profile.
The savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the new one. On a 3,000,000 peso loan with a 20-year remaining term, switching from 8.50% to 5.99% p.a. could save over 4,400 pesos every month and more than 800,000 pesos over the life of the loan.
No — Nook's service is completely free for borrowers. Nook earns a referral fee from the bank that approves your loan, so you receive expert mortgage advice and full application support at zero cost to you.
From the time you submit your documents to loan release, the refinancing process typically takes between 4 and 8 weeks depending on the receiving bank's processing times and how quickly supporting documents are completed. Nook helps keep things moving by flagging any missing requirements early.
You will typically need valid government-issued IDs, proof of income such as payslips or ITR, your latest Statement of Account from SB Finance, the Transfer Certificate of Title of your property, and a copy of your tax declaration. Nook will provide you with a complete and lender-specific checklist once you start your free assessment.
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