If you have a home loan with Sterling Bank, you could be paying thousands more than necessary every month. Nook helps you compare lower rates from leading Philippine banks — completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Sterling Bank borrowers on older fixed-rate packages are often locked into rates of 8% or higher — a significant premium compared to what the market now offers. With refinance rates as low as 5.99% p.a. now available through Nook, switching your home loan could reduce your monthly repayment by thousands of pesos and free up real money every single month. To understand how these rates compare across all lenders, check out our current mortgage interest rates in the Philippines for a full market snapshot.
Refinancing works by paying off your existing Sterling Bank mortgage with a new loan from a bank offering a lower interest rate. The process sounds complicated, but Nook handles the paperwork, lender comparisons, and follow-ups on your behalf — at zero cost to you. Our team works with BDO, BPI, Metrobank, Security Bank, RCBC, and many more to find the deal that fits your financial situation and remaining loan term.
The best time to refinance is when the gap between your current rate and available market rates is wide enough to cover switching costs — and right now, that gap is substantial for most Sterling Bank customers. Whether your loan is 3 or 10 years old, it's worth getting a free quote. Nook's comparison tool is fully digital, takes minutes to complete, and puts you in control of one of the biggest financial decisions you'll make as a homeowner.
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 Sterling Bank mortgage to any accredited bank or lender in the Philippines. The process involves taking out a new loan to pay off your existing Sterling Bank balance, ideally at a lower interest rate. Nook can help you compare multiple lenders side by side to find the best offer for your remaining balance and term.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current loan and a new offer. On a 3,000,000 peso loan at 8.50%, switching to 5.99% p.a. could save you nearly 4,000 pesos per month — that's over 47,000 pesos annually. Use Nook's free calculator to get a personalised estimate based on your actual numbers.
Refinancing typically involves some one-time costs such as appraisal fees, registration fees, and documentary stamp tax, which vary by lender and loan amount. However, for most borrowers with a meaningful rate gap, these costs are recovered within 12 to 24 months through monthly savings. Nook's service to borrowers is 100% free — we are compensated by the banks, not by you.
Standard requirements include valid government-issued IDs, proof of income (payslips or ITR for self-employed), your existing loan statement from Sterling Bank, and your property's title and tax declaration. The exact checklist varies by lender, but Nook will guide you through every document requirement once you submit your details. If you're also exploring new loan options, our BPI housing loan requirements guide gives a useful reference for what banks typically ask for.
The typical refinancing timeline in the Philippines ranges from 4 to 8 weeks, depending on how quickly documents are submitted and how fast the receiving bank processes the application. Nook helps streamline this by preparing your application properly from the start and following up with lenders on your behalf. Starting the process early means you stop overpaying sooner.
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