If you have a home loan with Sterling Bank, there's a good chance you're paying more than you need to. Nook helps you switch to a lower rate — for free — so you keep more of your money every month.
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No commitment. No credit check. Just your numbers.
Why this matters
Sterling Bank was once a recognized name in Philippine banking, but its home loan portfolio has since been absorbed into the broader landscape of legacy loans — many of which are now carrying interest rates well above what the market offers today. If your home loan originated several years ago, your rate could be anywhere from 8% to 10% per annum, which means you may be overpaying by thousands of pesos every single month. Refinancing allows you to replace your existing loan with a new one at a lower rate, effectively reducing your monthly amortization without extending your financial obligations beyond what you've already planned for. To see where today's rates stand, check out current mortgage interest rates in the Philippines and compare them against what you're paying now.
Through Nook, Filipino homeowners can access refinancing rates starting at 5.99% per annum — a significant drop from the 8% to 10% rates that many legacy borrowers are still locked into. Our platform compares offers from leading Philippine banks including BDO, BPI, Security Bank, RCBC, Metrobank, and more, so you don't have to spend weeks calling each bank individually. The entire process is guided by our mortgage specialists, and our service is completely free to borrowers — we're compensated by the bank, not by you. If you're evaluating banks to refinance into, our BPI housing loan requirements guide is a great starting point to understand what documents you'll need.
The numbers speak for themselves. On a 3,000,000 peso loan with a remaining term of 20 years, switching from 8.50% to 5.99% can save you over 3,000 pesos every month — that's more than 36,000 pesos a year back in your pocket. Over the life of the loan, the total savings can exceed half a million pesos. Whether you're looking to lower your monthly cash outflow, free up budget for other expenses, or simply stop overpaying on a legacy rate, refinancing through Nook is one of the most impactful financial moves you can make as a homeowner in the Philippines 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, absolutely. Even though Sterling Bank's operations have changed over time, your existing home loan is still a valid loan that can be refinanced with another bank. Nook will assess your current loan details and match you with the best refinancing offers available from active Philippine lenders.
Savings depend on your outstanding balance, remaining term, and current interest rate. On a 3,000,000 peso loan at 8.50% refinanced to 5.99% over 20 years, you could save over 3,000 pesos per month and more than 550,000 pesos in total interest. Use Nook's free calculator to get a personalized estimate.
Not necessarily. When you refinance, you can choose a loan term that matches your remaining balance and financial goals — you don't have to reset to a full 20 or 25 years. Our mortgage specialists will help you structure the refinancing so it actually improves your overall loan position, not just your monthly payment.
Standard documents include your latest Statement of Account from your current lender, proof of income (payslips or ITR), a copy of your Transfer Certificate of Title, and a valid government-issued ID. Requirements vary slightly by bank, and Nook will give you a complete checklist once we identify your best refinancing option.
The refinancing process typically takes four to eight weeks from application to loan release, depending on the receiving bank and completeness of documents. Nook's service is 100% free for borrowers — we earn a referral fee from the bank when your loan is approved, so there is no cost to you at any stage of the process.
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