If you have a Tonik Bank home loan, you could be paying more than necessary. Nook helps you refinance to rates as low as 5.99% p.a. — fully online, completely free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Tonik Bank positioned itself as the Philippines' first digital-only bank, and its home loan products attracted early adopters who valued a fully app-based experience. However, being an early mover in digital banking doesn't always mean you locked in the most competitive long-term rate. If you took out your Tonik home loan in the past few years, the fixed-rate period may have already reset — or is about to — leaving you exposed to rates in the 8% to 9% range that are significantly higher than what's available through a refinance today. You can check how your current rate compares against the market at current mortgage interest rates in the Philippines.
Refinancing your Tonik home loan through Nook means your application is assessed against multiple banks simultaneously — including BPI, Security Bank, RCBC, Metrobank, and others — so you get the most competitive offer without having to approach each lender individually. On a 3,000,000 peso loan with 20 years remaining, moving from 8.50% to 5.99% translates to over 4,400 pesos back in your pocket every single month. That's money you can redirect to your family, your savings, or paying down your principal faster.
The entire Nook process is designed to match the digital-first mindset you already have as a Tonik customer. You submit your documents online, our team handles the bank negotiations on your behalf, and you receive a clear comparison of your best offers. There are no broker fees — Nook is 100% free to the borrower. Whether you're refinancing for the first time or exploring your options, getting started takes less than five minutes.
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. Tonik is a licensed digital bank in the Philippines, and your home loan can be refinanced to any participating bank that offers competitive rates — including BPI, Security Bank, Metrobank, RCBC, and others. The process works just like any standard refinance: your new bank pays off your Tonik loan in full, and you begin repayments with your new lender at the lower rate.
A simple rule of thumb is that if your current rate is more than 1 percentage point above the best available rate, refinancing is worth exploring. On a 3,000,000 peso loan, even a 1.5% rate reduction can save you over 50,000 pesos per year. Nook calculates your exact savings for free before you commit to anything.
You'll typically need your Tonik loan statement of account, proof of income (payslips or ITR for the past two years), a copy of your Transfer Certificate of Title, tax declaration, and valid government-issued IDs. Nook will guide you through the exact checklist based on the bank you're refinancing to — for example, requirements can differ slightly if you're moving to BPI versus other lenders.
From application to loan release, refinancing typically takes 30 to 60 days depending on how quickly documents are submitted and processed. Nook helps streamline this by preparing your file correctly from the start, reducing the chance of back-and-forth delays with the bank. Our team stays with you through every step until your new loan is fully released.
No — Nook's service is completely free for borrowers. We are compensated by the bank once your loan is successfully released, which means our interests are fully aligned with yours: we only succeed when you get a better deal. There are no hidden fees, no consultation charges, and no obligation to proceed after receiving your rate comparison.
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