Tonik Bank was a bold choice for your home loan — but if your rate is above 6%, you could be paying thousands more than you need to. Nook helps you switch to a traditional lender with lower rates, zero broker fees, and a fully digital process.
TONIK BORROWER SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
Tonik Bank disrupted Philippine banking with its fully digital model, and many borrowers were drawn in by the convenience and early promotional rates. But as fixed-rate periods expire and loan repricing kicks in, many Tonik home loan holders find themselves locked into rates between 8% and 10% — well above what traditional banks are currently offering. If your loan has been running for a few years and you haven't reviewed your rate, there's a strong chance you're overpaying every single month. You can check how your current rate compares against current mortgage interest rates in the Philippines to see where you stand.
Refinancing from a digital bank to a traditional lender isn't as complicated as it sounds — and Nook was built specifically to make that switch seamless. Nook works with BDO, BPI, Metrobank, Security Bank, RCBC, and more to find you the best available rate on your outstanding loan balance. The best rate currently available through Nook is 5.99% p.a., which for a ₱3,000,000 loan on a 20-year term can translate to over ₱3,000 in monthly savings compared to an 8.50% rate. That's real money back in your pocket, every month, for the life of your loan.
One of the most common concerns borrowers have is whether switching lenders means drowning in paperwork. With Nook, the answer is no — your dedicated mortgage specialist handles the coordination with your new lender from document collection to loan release. If you're comparing your options, it's worth reviewing what BPI requires for a housing loan, as BPI is one of the most competitive refinancing destinations for Tonik borrowers today. Nook's service is completely free to you as the borrower, so there's no financial risk in finding out how much you could save.
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, you can refinance a Tonik Bank home loan even if it's only a couple of years old, as long as you've completed any lock-in period specified in your loan agreement. Most Philippine home loans have a lock-in period of one to three years, after which you're free to refinance without penalty. Nook can review your loan documents and confirm whether you're eligible to switch right now.
Most major Philippine banks — including BDO, BPI, Metrobank, Security Bank, and RCBC — accept refinancing applications from borrowers currently with digital-first lenders like Tonik. These banks evaluate your current loan balance, property value, and credit standing rather than who your existing lender is. Nook submits your profile to multiple banks simultaneously so you can compare the best offers available to you.
You'll typically need your original loan documents from Tonik, a recent Statement of Account showing your outstanding balance, your property's Transfer Certificate of Title (TCT), the latest tax declaration, and standard personal income documents. Tonik's digital platform makes it straightforward to download most of these documents. Your Nook mortgage specialist will give you a complete checklist once you start your application.
The savings depend on your current Tonik rate and your outstanding loan balance. For a borrower with ₱3,000,000 remaining on a 20-year term at 8.50%, refinancing to 5.99% through Nook could save over ₱3,000 per month — or more than ₱550,000 over the remaining life of the loan. Even modest rate differences compound significantly over a 15 to 20 year loan term.
Nook charges absolutely nothing to the borrower — the service is 100% free to you from start to finish. There are standard third-party costs involved in any refinancing transaction, such as appraisal fees, documentary stamp tax, and registration fees, which your Nook specialist will explain upfront so there are no surprises. These costs are typically recovered within the first year of your new, lower monthly payment.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →