If you have an existing home loan with Tonik Bank or any other lender, refinancing through Nook could drop your rate to as low as 5.99% p.a. — saving you hundreds of thousands over the life of your loan.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Tonik Bank made waves as the Philippines' first purely digital bank, and many Filipinos were drawn to their home loan products for their streamlined, app-based experience. But digital convenience doesn't always mean the lowest interest rate — and if your current Tonik home loan is sitting at 8% or higher, there's a strong chance you're leaving significant money on the table every single month. Refinancing is the process of replacing your existing loan with a new one at a lower rate, and right now, the best available rate through Nook is just 5.99% p.a. You can check how that stacks up against what banks are currently offering by visiting our guide to current mortgage interest rates in the Philippines.
Through Nook, you're not limited to refinancing with just one lender. As the Philippines' first digital mortgage broker, Nook compares offers across multiple banks — including BDO, BPI, Security Bank, Metrobank, RCBC, and more — to find the deal that fits your financial situation. On a 3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% saves you over 4,500 pesos every month. That's real money that could go toward your child's education, emergency savings, or simply breathing easier at the end of each month. And because Nook's service is completely free to borrowers, there's no reason not to find out what you could save.
The refinancing process can feel daunting if you've never done it before, but Nook handles the heavy lifting — from bank comparison to document submission to follow-up. If you're also evaluating other banks as potential refinancing destinations, it's worth reviewing what leading lenders require. For example, our BPI housing loan requirements guide gives a clear picture of what one of the Philippines' top mortgage lenders looks for. Nook works with borrowers at every stage, whether you're just exploring your options or ready to apply 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. Refinancing allows you to move your outstanding home loan balance to a new lender offering a lower interest rate. Nook compares multiple banks across the Philippines to find the best rate available for your loan amount and profile, so you're not locked into staying with Tonik Bank if a better deal exists elsewhere.
Savings depend on your outstanding loan balance, remaining term, and current interest rate. On a 3,000,000 loan with 20 years left, switching from 8.50% to 5.99% p.a. saves approximately 4,536 pesos per month — or over 816,000 pesos across the remaining term. Nook can calculate your exact potential savings for free based on your actual loan details.
Yes, Nook's service is 100% free for borrowers. Nook is compensated by the bank when your refinancing is successfully processed, similar to how real estate agents are paid by sellers rather than buyers. You get full access to bank comparisons, document guidance, and application support at no cost.
The typical home loan refinancing process in the Philippines takes between 4 to 8 weeks from application to loan release, depending on the bank and how quickly documents are submitted. Nook helps streamline the process by guiding you through requirements upfront and coordinating directly with the bank on your behalf.
Standard requirements include a valid government-issued ID, proof of income (payslips or ITR for the past 2 years), your latest home loan statement, and property documents such as the TCT and tax declaration. Requirements vary slightly by bank, but Nook will provide you with a complete checklist tailored to the lender you're applying with.
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