Homeowners with an SB Finance home loan could be paying thousands more than necessary every month. Switch to a lower rate through Nook and keep more of your hard-earned money.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
SB Finance Corporation has grown into one of the more recognisable consumer lending brands in the Philippines, but if you took out your home loan a few years ago, there is a strong chance your current rate no longer reflects what the market can offer today. Many SB Finance borrowers are locked into rates of 8% to 9% or higher — and with the best refinance rate now available at 5.99% p.a. through Nook, the gap between what you pay and what you could pay has never been wider. You can check how your rate compares against current mortgage interest rates in the Philippines to see exactly where you stand.
Refinancing means switching your existing home loan to a new lender — one willing to offer you a better rate based on your current financial profile and the equity you have built up in your property. The process does not have to be complicated or expensive. Nook acts as your digital mortgage broker, comparing offers from BDO, BPI, Security Bank, RCBC, Metrobank, and other leading Philippine banks on your behalf. Our service is completely free to you as a borrower — banks pay us a finder's fee when we successfully match you with a loan.
On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% could reduce your monthly repayment by over 3,000 pesos and save you more than half a million pesos over the life of the loan. Whether you originally borrowed from SB Finance or are exploring your options for the first time, Nook gives you a fast, transparent way to find out if refinancing makes sense for your situation — with no paperwork until you decide to proceed.
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 allows you to pay off your existing SB Finance loan using a new loan from a different lender offering better terms. Banks in the Philippines actively compete for refinance customers, so switching is a normal and well-supported process. Nook can help you identify which bank will offer you the best rate based on your loan size, remaining term, and property details.
It depends on your current rate, loan balance, and remaining term, but the savings can be substantial. A borrower with 3,000,000 pesos remaining at 8.50% who refinances to 5.99% could save over 3,000 pesos per month and more than 550,000 pesos in total interest. Even a small rate reduction on a large loan balance compounds into significant savings over a 15 to 20 year term.
SB Finance, like most Philippine lenders, may charge an early repayment or pre-termination fee if you refinance within a fixed-rate lock-in period. It is important to check your loan agreement for the specific terms. In most cases, the long-term savings from a lower rate far outweigh any one-time penalty, and Nook can help you factor this into your decision before you commit.
You will typically need a copy of your current loan statement, proof of income such as payslips or ITR, a copy of your property's Transfer Certificate of Title, and a recent tax declaration. The exact requirements vary by bank, but Nook will guide you through the checklist once we identify the best option for you. Many borrowers are surprised at how straightforward the process is when you have the right support.
The typical refinancing timeline in the Philippines is four to eight weeks from application to loan release, depending on the bank's processing speed and how quickly documents are submitted. Nook streamlines this by helping you prepare a complete application from the start, reducing the chances of delays caused by missing paperwork. Once your new loan is released, your old SB Finance loan is settled and you begin paying the lower monthly amount.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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