Tonik Bank has made waves as a digital-first lender, but before you switch your home loan, make sure you're comparing the best rate available — not just the most buzzworthy one.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Tonik Bank entered the Philippine market as a fully digital bank promising to shake up traditional lending. For home loan refinancing, many borrowers are exploring Tonik as an alternative to their existing bank — and the appeal makes sense. Digital processing, no branch queues, and a modern app experience all sound attractive when you're facing another repricing cycle at 8% or higher. But the question worth asking is: is Tonik's home loan rate actually the lowest you can get? Current mortgage interest rates in the Philippines vary significantly across lenders, and working with a broker like Nook means you can compare Tonik alongside BPI, Security Bank, BDO, and others — all in one place, for free.
Refinancing your home loan is one of the highest-impact financial moves a Filipino homeowner can make. On a 3,000,000 loan with 20 years remaining, the difference between paying 8.50% and paying 5.99% translates to over 3,000 pesos saved every single month. That's school fees, emergency savings, or simply more financial breathing room. The process of switching lenders — even to a digital bank like Tonik — involves the same core documentation: proof of income, property title, tax declarations, and loan statements from your current lender. Nook handles the paperwork coordination and lender negotiations on your behalf, at zero cost to you.
If you're currently with a traditional bank and considering Tonik because of its digital convenience, that's a valid reason — but don't let convenience cost you a better rate elsewhere. Nook works with both digital and traditional banks across the Philippines, so you get the full picture before committing. Whether you ultimately refinance with Tonik or discover a better deal with another lender, the goal is the same: stop overpaying on your mortgage.
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
Tonik Bank has been expanding its home loan products in the Philippines, targeting digitally savvy borrowers. However, product availability and rates can change, so it's worth checking current offerings and comparing them against other lenders before deciding. Nook can help you compare Tonik's rates alongside multiple banks so you get the best deal without doing the legwork yourself.
The core refinancing process is largely the same — you'll still need property documents, income proof, and a loan payoff from your current lender. The main difference with a digital bank is that more of the process happens online, which can be faster and more convenient. That said, approval timelines and rate competitiveness still vary, so always compare before committing.
Through Nook, the best available refinance rate is currently 5.99% per annum, which is often lower than what you'd be quoted by going directly to any single lender. Nook negotiates on your behalf across multiple banks, so you benefit from competitive pricing without the hassle of shopping around yourself. Best of all, Nook's service is completely free to borrowers.
On a 3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% saves approximately 3,069 pesos per month — that's over 36,000 pesos annually and more than 550,000 pesos over the life of the loan. Your actual savings will depend on your current rate, remaining balance, and loan term. Use Nook's free calculator to get a personalised estimate.
Standard refinancing documents in the Philippines include your latest Statement of Account from your current lender, a copy of your Transfer Certificate of Title (TCT), tax declaration, proof of income (payslips or ITR), and valid government IDs. If you're employed, you may also need a Certificate of Employment. Nook provides a full checklist and guides you through every step — check our home loan requirements guide for a detailed breakdown of what lenders typically ask for.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →