Thousands of Filipino homeowners with SB Finance home loans are overpaying every month. Refinancing through Nook could cut your rate to 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 loans that are competitive at the time of release, but like most Philippine lenders, their rates reprice every 1, 3, or 5 years. If your loan has already repriced once or twice since you first signed, there's a strong chance you're sitting on a rate well above what the market currently offers. The best refinance rates available today through Nook are as low as 5.99% p.a., and for a ₱3,000,000 loan balance that difference compounds into hundreds of thousands of pesos over the remaining life of your loan. You can check current mortgage interest rates in the Philippines to see exactly where the market stands right now.
Refinancing means replacing your existing SB Finance loan with a new one from a bank offering a lower rate. The process sounds complicated, but Nook makes it straightforward — we compare offers from BDO, BPI, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, and more, then handle the paperwork and coordination on your behalf. There are no broker fees, no hidden charges, and no obligation to proceed. Our service is 100% free to borrowers because the receiving bank pays a standard referral fee once your loan settles. If you've been looking at other lenders such as BPI, it's worth reviewing the BPI housing loan requirements to understand what documents you'll need before applying.
The best time to explore refinancing is before your current fixed-rate period ends and your loan reprices upward. Most homeowners wait until after the reprice to act, which means months of paying a higher rate unnecessarily. If your SB Finance loan is within 6 months of a reprice date — or has already repriced — now is exactly the right time to run the numbers. A Nook mortgage specialist can give you a side-by-side comparison of your current rate against the best live offers in the market, typically within one business day.
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 your SB Finance home loan to any other accredited Philippine bank at any time, provided your loan is in good standing and you meet the receiving bank's qualification criteria. Most banks require at least 12 months of on-time payment history before they will accept a refinance application. Nook can confirm your eligibility and match you with the banks most likely to approve your application.
SB Finance, like most Philippine lenders, may charge an early termination fee if you refinance within the fixed-rate lock-in period — commonly the first 3 to 5 years of the loan. Once the lock-in period has passed, you can usually switch without penalty. Nook will review your loan terms upfront so you know exactly what switching costs look like before you commit to anything.
On a ₱3,000,000 loan with a 20-year remaining term, moving from 8.50% to 5.99% saves approximately 3,069 per month — that's over 36,000 per year and more than 550,000 over the life of the loan. Your actual savings will depend on your outstanding balance, remaining term, and the rate you qualify for. Use Nook's free calculator to get a figure based on your specific loan details.
The refinancing process in the Philippines typically takes 4 to 8 weeks from application to loan release, depending on the bank and how quickly documents are submitted. Nook coordinates directly with the bank on your behalf to keep the process moving and flag any issues early. Most clients find the process significantly less stressful when a broker handles the back-and-forth communication.
No — Nook's service is completely free for borrowers. We are compensated by the receiving bank through a standard market referral fee once your refinance settles, which means there is no cost to you at any stage of the process. You get access to rate comparisons across multiple banks, expert guidance, and full application support without paying a single peso.
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