If you took out a home loan with a traditional bank, you could be paying 8.50% or more — Nook can help you refinance to as low as 5.99% p.a. and save thousands every month, completely free.
YOUR ESTIMATED SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Tonik Bank entered the Philippine market as a fully digital lender promising speed and convenience — but when it comes to home loan refinancing, many borrowers find that their existing rate no longer stacks up against what the broader market can offer. Whether your loan originated with Tonik or another traditional bank and you're simply exploring digital-first options, refinancing through Nook gives you access to rates as low as 5.99% p.a. from a wide panel of competing lenders. You can check current mortgage interest rates in the Philippines to see exactly how your existing rate compares right now.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We do the heavy lifting — comparing offers from BDO, BPI, Metrobank, Security Bank, RCBC, and more — so you don't have to negotiate with each bank individually. On a 3,000,000 peso loan with 20 years remaining, switching from 8.50% to 5.99% can cut your monthly payment by over 4,500 pesos. That's real money back in your pocket every single month, adding up to well over 800,000 pesos across the life of your loan.
The refinancing process is straightforward: submit your documents once through Nook's online platform, and we'll match you with the best available offer for your situation. Most homeowners are surprised to discover how much they can save simply by switching lenders. If you're also comparing options at specific banks, our guides on BPI housing loan requirements in the Philippines can help you understand what lenders typically look for during the application process.
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. Refinancing means taking out a new home loan with a different lender to pay off your existing one — you are not locked in forever with Tonik. Nook can help you compare offers from multiple Philippine banks and find the lowest rate you qualify for.
Savings depend on your current rate, loan balance, and remaining term, but even a 2% reduction can save thousands per month. On a 3,000,000 peso loan, dropping from 8.50% to 5.99% saves over 4,500 pesos monthly — that's more than 800,000 pesos over 20 years.
Nook's service is completely free for borrowers — there is no application fee, consultation fee, or success fee charged to you. Nook is compensated by the bank when your loan is successfully placed, so your interests and ours are fully aligned.
The refinancing process typically takes 4 to 8 weeks from application to loan release, depending on how quickly documents are submitted and the bank's internal processing time. Nook helps keep things moving by coordinating directly with the lender on your behalf.
Standard requirements include proof of income (payslips or ITR), a copy of your existing loan statement, your property title (TCT or CCT), and valid government-issued IDs. Nook will give you a clear checklist once you begin your application so nothing is missed.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →