Tonik Bank pioneered digital lending in the Philippines, but when it comes to home loan rates, traditional banks are now offering significantly lower options. Nook can help you refinance your Tonik home loan to a rate as low as 5.99% p.a. — completely free.
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Why this matters
Tonik Bank made waves as the Philippines' first digital-only bank, offering a streamlined app-based experience that appealed to tech-savvy borrowers. However, digital convenience doesn't always translate into the most competitive home loan rates. Many Tonik home loan borrowers are currently locked into rates in the 8% to 9% range — rates that were reasonable at the time but now look expensive compared to what traditional banks are offering in 2025. If your loan has seasoned for at least 12 months, you're almost certainly eligible to refinance, and the savings can be substantial. You can check current mortgage interest rates in the Philippines to see exactly how your Tonik rate stacks up.
Refinancing from a digital bank to a traditional lender doesn't mean sacrificing convenience. Through Nook, the Philippines' first digital mortgage broker, you get the best of both worlds: an online application process backed by access to the widest network of bank partners, including BPI, BDO, Metrobank, Security Bank, RCBC, and more. Nook handles the comparison, paperwork, and bank negotiations on your behalf — and there's no fee charged to you as the borrower, ever. Banks like BPI offer competitive housing loan packages that could significantly reduce your monthly obligation compared to your current Tonik rate.
For a ₱3,000,000 home loan with 20 years remaining, moving from an 8.50% Tonik rate to Nook's best available rate of 5.99% could free up over ₱4,500 every single month. That's money that can go toward your children's education, emergency savings, or paying down your loan faster. The refinancing process typically takes 30 to 60 days end-to-end, and Nook's mortgage specialists will guide you through every document requirement and bank submission until your new loan is fully disbursed.
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 Bank home loans can be refinanced to any accredited traditional bank that offers competitive rates, including BPI, BDO, Security Bank, and Metrobank. The process involves your new bank paying off your existing Tonik balance and issuing you a fresh loan at a lower rate. Nook can manage this entire transfer process on your behalf at no cost.
Most banks require a minimum loan seasoning period of 12 months before they will accept a refinancing application on an existing home loan. Some lenders may require up to 24 months, depending on their credit policies. Nook's team can quickly assess your eligibility based on your current loan details and advise you on which banks are most likely to approve your application.
Not necessarily — most major Philippine banks now offer robust mobile apps and online portals for loan management, payments, and account monitoring. Banks like BPI, BDO, and Security Bank all have highly rated digital platforms that rival the experience of purely digital banks. You'll gain a lower interest rate without giving up the ability to manage your mortgage from your phone.
The standard refinancing document set includes your latest Tonik loan statement and amortisation schedule, a copy of your Transfer Certificate of Title (TCT), your most recent income documents such as payslips or ITR, valid government-issued IDs, and the latest tax declaration and real property tax receipts for the property. Nook provides a personalised document checklist once you submit your refinancing inquiry, so nothing gets missed.
Nook's service is completely free for borrowers. Nook is compensated directly by the bank that approves your loan, similar to how a real estate agent is paid by the seller rather than the buyer. You get access to Nook's full network of bank partners, expert guidance, and end-to-end processing support without paying a single peso in broker fees.
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