Shore Residences owners at Mall of Asia are overpaying on their home loans. Refinance to as low as 5.99% p.a. through Nook and start saving thousands every month — completely free.
SHORE RESIDENCES ESTIMATED SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Shore Residences is one of SMDC's most coveted developments, offering resort-style living right on the edge of Manila Bay in Pasay City. With its prime location near Mall of Asia, the property commands strong values — but many owners are still locked into home loan rates from 8% to 10% that were set when they first purchased. If your loan is past its initial fixed-rate period, chances are your bank has quietly moved you onto a much higher repricing rate, and you may not even realize how much you're overpaying each month.
Refinancing your Shore Residences condo through Nook lets you compare offers from over a dozen Philippine banks — including BDO, BPI, Security Bank, Metrobank, and more — to find the lowest available rate for your specific loan profile. The best refinance rate currently available through Nook is 5.99% p.a., which on a 3,000,000 loan balance over 20 years can translate to savings of over 4,500 pesos every single month. Whether you own a studio, 1-bedroom, or larger unit, the process is straightforward and Nook's service costs you nothing. If you're also exploring options across the bay area and BGC corridor, it's worth checking out refinancing for Two Serendra Red Oak in BGC to see how condo refinancing works across different premium developments.
Getting started takes less than five minutes. Nook will assess your current loan, match you with the best bank offers, and guide you through every step of the application — from document submission to loan release. There are no broker fees, no hidden charges, and no obligation to proceed. Thousands of Filipino condo owners have already made the switch to lower rates; Shore Residences homeowners now have access to the same opportunity. If you want to benchmark current market rates more broadly, you can also explore the best home loan rates available in the Makati and Metro Manila area to understand what competitive refinancing looks like today.
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 from Pag-IBIG (HDMF) to a commercial bank if your property qualifies and your loan balance meets the minimum threshold. Many SMDC Shore Residences owners who used Pag-IBIG financing have successfully refinanced to banks offering lower rates. Nook can help you assess whether the switch makes financial sense for your specific situation.
Most Philippine banks require a minimum outstanding loan balance of around 500,000 to 1,000,000 pesos to approve a refinancing application. Shore Residences units, given their strong market values, typically have loan balances well above this threshold, making them good candidates for refinancing. Nook will check your eligibility for free before you commit to anything.
Yes, the new bank will conduct a fresh appraisal of your unit as part of the refinancing process. This is actually beneficial for Shore Residences owners, as property values in the Mall of Asia Complex have appreciated significantly since many units were originally purchased. A higher appraised value can increase the loan amount you qualify for or improve your loan-to-value ratio.
The refinancing process in the Philippines generally takes between 4 to 8 weeks from the time you submit your complete documents to the new bank. Nook helps streamline this by ensuring your documents are in order before submission, which reduces back-and-forth with the bank. Once approved, your new bank settles the balance with your old bank directly.
Nook's service is 100% free to borrowers — we're compensated by the banks, not by you. However, standard refinancing does involve third-party costs such as a property appraisal fee, notarial fees, and mortgage registration with the Registry of Deeds, which typically total between 20,000 and 50,000 pesos depending on your loan amount. These one-time costs are almost always recovered within the first year of savings from your lower monthly payments.
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