Thousands of Filipino homeowners are overpaying on their SB Finance home loan every month. Nook can help you switch to a rate as low as 5.99% p.a. — completely free.
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Why this matters
SB Finance — the consumer lending arm of Security Bank — offers home loan products to Filipino borrowers, but like most bank-set rates, your repricing cycle may have quietly pushed your interest rate well above what the market currently offers. Many SB Finance borrowers are now locked into rates of 8% to 9.5% or higher, especially if their loan has been running for several years without a rate review. That gap between what you're paying and what's available today is money leaving your pocket every single month.
Refinancing means taking out a new home loan — ideally at a lower rate — to pay off your existing SB Finance balance. Done right, it can reduce your monthly amortisation by thousands of pesos and save you hundreds of thousands over the remaining life of your loan. The best part? You're not limited to refinancing back into SB Finance. Through Nook, you can compare offers from BDO, BPI, Security Bank, Metrobank, RCBC, and other leading Philippine lenders to find the deal that works hardest for you. You can check current mortgage interest rates in the Philippines to see how your existing rate stacks up right now.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. We handle the bank comparisons, paperwork coordination, and application process on your behalf — so you don't have to negotiate with multiple banks alone. Whether your outstanding balance is ₱2 million or ₱8 million, if you're past your lock-in period and your rate hasn't been reviewed recently, there's a very good chance we can find you something better. If you're considering which bank to refinance into, our guide on BPI housing loan requirements in the Philippines is a helpful starting point.
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 are free to refinance your SB Finance home loan to any bank of your choosing once your lock-in period has ended. Most lock-in periods in the Philippines range from 1 to 3 years, and breaking the lock-in early may incur a prepayment penalty. Nook will help you confirm your lock-in status and identify the best bank offer available to you.
Through Nook, the best refinance rates currently available start at 5.99% p.a. for qualified borrowers. The exact rate you receive will depend on your loan amount, remaining term, property value, and the lender's current promotional pricing. Getting a free rate assessment from Nook is the fastest way to see your actual options.
On a ₱3,000,000 loan at 8.75% with 20 years remaining, switching to 5.99% could reduce your monthly payment by over ₱3,500 — that's more than ₱640,000 in total interest savings. Your actual savings will vary based on your outstanding balance and the rate you qualify for, but even a 1–2% reduction typically produces significant results.
No — Nook's service is completely free for borrowers. We are compensated by the lending bank when a loan is successfully placed, similar to how a real estate agent is paid by the seller, not the buyer. You get expert guidance, bank comparisons, and full application support at zero cost.
The refinancing process in the Philippines typically takes 4 to 8 weeks from application to loan release, depending on the bank and how quickly documentation is completed. Nook streamlines this by guiding you through every requirement and following up with the bank on your behalf. Having complete documents ready at the start is the single biggest factor in keeping the timeline short.
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