If you have an existing SB Finance home loan, you could be paying hundreds of thousands more than necessary. Nook helps you switch to a lender offering as low as 5.99% p.a. — for free.
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No commitment. No credit check. Just your numbers.
Why this matters
SB Finance — the consumer lending arm of Security Bank — offers home loans to Filipino borrowers, but like many smaller commercial bank lending units, their rates may not stay competitive over the life of your loan. If you took out your SB Finance housing loan more than two years ago, the rate you locked in then is likely well above what the market now offers. With Nook, you can compare refinancing options across the Philippines' leading banks and see in minutes whether switching makes financial sense for your situation. Check current mortgage interest rates in the Philippines to see how your existing rate stacks up.
Refinancing from a smaller commercial bank lending unit to a major universal bank often unlocks better pricing, longer fixed-rate periods, and more flexible repayment terms. The process involves your new lender paying off your SB Finance balance and issuing a fresh loan at a lower rate — with your property title serving as collateral in the same way it does now. Most borrowers on a ₱3,000,000 balance with roughly 20 years remaining can save upward of ₱50,000 per year by making the switch. Nook handles the lender comparison and application coordination on your behalf, at zero cost to you.
The documents you'll need are largely the same ones you gathered when you first applied — your TCT or CCT, a recent tax declaration, proof of income, and your latest SB Finance loan statement showing your outstanding balance and remaining term. Nook's team will guide you through exactly what's required for whichever bank offers you the best rate. If you're also curious about what the receiving banks look for, our guides on BPI housing loan requirements are a useful reference for understanding standard eligibility criteria.
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, but you should first check your SB Finance loan agreement for any prepayment penalty or early redemption fee, which typically applies if you settle within the first one to three years. Nook can help you factor that cost into your savings calculation so you know the true break-even point before committing. In many cases, even with a small penalty, the long-term savings from a lower rate more than outweigh the upfront cost.
Nook works with a broad panel of Philippine banks including BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, and others, so you're not limited to just one or two options. We compare their current offers simultaneously and present you with the best available rate for your loan amount and profile. You choose the bank — we handle the paperwork.
From application to loan release, a standard home loan refinancing in the Philippines typically takes four to eight weeks, depending on how quickly documents are submitted and how fast the appraisal and legal review are completed. Nook helps keep the process moving by coordinating between you and the receiving bank throughout. Delays are usually document-related, so having your paperwork ready early makes a significant difference.
No — Nook's service is completely free for borrowers. We are compensated by the bank you choose to refinance with, similar to how a real estate broker works in a property transaction. There is no hidden markup on your rate and no service fee charged to you at any stage of the process.
Most banks on Nook's panel require a minimum outstanding loan balance of around ₱1,000,000 to ₱1,500,000 to make refinancing viable from the lender's perspective. If your remaining balance is lower, the savings potential is smaller but still worth evaluating — Nook will let you know quickly whether it makes sense for your specific situation. The best time to refinance is generally when you still have ten or more years remaining on your loan term.
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