Shore Residences homeowners are often paying 7.50% or more on their condo loans — Nook can help you refinance to as low as 5.99% p.a., completely free of charge.
SHORE RESIDENCES ESTIMATED SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
SMDC Shore Residences sits at one of Metro Manila's most coveted addresses — right on Manila Bay, steps from the Mall of Asia complex in Pasay. It's a premium location, and the condo loans that funded many of these units were taken out at rates that simply don't reflect what's available in today's market. If you locked in your rate three or more years ago with BDO, BPI, Metrobank, or Security Bank, there's a strong chance you're paying significantly more than you need to be. Refinancing your Shore Residences home loan through Nook connects you to multiple competing bank offers so you can secure the lowest rate possible — without the legwork of approaching each lender yourself.
A 3,000,000 peso outstanding loan balance at 7.50% costs around 27,816 per month over a 20-year term. Refinancing that same balance to 5.99% brings your monthly payment down to approximately 22,966 — a difference of nearly 4,850 every month. Over the life of the loan, that adds up to more than 873,000 in total interest savings. For Shore Residences owners who are also managing association dues, parking fees, and the general cost of bay-area living, that monthly relief is genuinely meaningful. If you're also curious how rates compare across the broader Metro Manila condo market, our guide to home loan rates in Makati gives helpful context on what lenders are currently offering.
Nook's service is 100% free to borrowers — we're compensated by the bank when your refinance is approved, never by you. Our digital process means you can submit your documents, compare offers, and track your application entirely online, without taking time off work to visit a bank branch. Whether your Shore Residences unit is in Tower 1, Tower 2, or one of the newer phases, Nook's panel of accredited lenders has experience processing loans on SMDC properties. Get your free savings estimate today and find out exactly how much you could be saving each month.
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. Even if your original loan was arranged through an SMDC-affiliated bank as part of your purchase financing, you are free to refinance to any accredited lender once your lock-in period has ended. Nook will check which banks currently offer the best rates for SMDC properties in the MOA area and present you with your options.
From initial application to loan release, refinancing typically takes four to eight weeks depending on how quickly documents are submitted and how the receiving bank processes the title transfer from your current lender. Nook guides you through each step and follows up with the bank on your behalf to keep things moving as smoothly as possible.
Nook's service is completely free to you — we charge borrowers nothing. However, refinancing itself does involve standard government and bank fees such as notarial charges, registration fees, and sometimes a mortgage redemption insurance adjustment. These are typically modest relative to the long-term savings you'll achieve, and Nook will give you a clear breakdown before you commit.
You'll generally need a valid government-issued ID, proof of income (payslips or ITR depending on whether you're employed or self-employed), your existing loan statement of account, a copy of your Condominium Certificate of Title, and the SMDC tax declaration. Nook provides a complete checklist and accepts digital copies, so you can submit everything without visiting a branch.
The core process is the same, but condo refinancing involves a few additional steps — particularly around the condominium title (CCT rather than TCT) and confirming the project's accreditation with the new lender. SMDC Shore Residences is a well-known development and is accredited by most major Philippine banks, which generally makes the process straightforward. If you own property in other premium developments, you might also find our Two Serendra refinancing guide a useful comparison.
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