If you took out a home loan with Tonik Bank, you may be paying more than you need to. Nook can help you compare refinancing options across multiple Philippine lenders and potentially save tens of thousands of pesos every year — at zero cost to you.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Tonik Bank made waves as the Philippines' first digital-only bank, and its home loan product attracted borrowers who valued a fully app-based experience. But a slick digital interface doesn't always mean the lowest interest rate. Many Tonik home loan borrowers are currently locked into rates between 8% and 9% per annum — rates that made sense at origination but may now be significantly higher than what the broader market offers. With the best refinance rates in the Philippines now starting at 5.99% p.a., the gap between what you're paying and what you could be paying is worth investigating.
Refinancing a Tonik home loan works the same way as refinancing from any other lender. A new bank pays off your existing Tonik loan and issues you a fresh mortgage at a lower rate. The process can feel daunting, but that's exactly where Nook comes in. As the Philippines' first digital mortgage broker, Nook handles the comparison, paperwork coordination, and bank negotiations on your behalf — completely free of charge to you. We work with BDO, BPI, Metrobank, Security Bank, RCBC, and other leading Philippine banks to find the deal that fits your situation. If you're comparing options, our guides on BPI housing loan requirements can give you a head start on what to expect from one of the country's top refinancing destinations.
The right time to refinance is when the savings outweigh the costs — and for most Tonik borrowers with remaining loan terms of 15 years or more, the math strongly favors making the move now. On a 3,000,000 peso loan, switching from 8.50% to 5.99% could save you over 3,000 pesos every single month. That's money that stays in your pocket, month after month, for the life of your loan. Use Nook's free service to get a personalised comparison in minutes and find out exactly 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, absolutely. Refinancing from a digital bank like Tonik to a traditional Philippine bank such as BDO, BPI, or Security Bank is a straightforward process. The new bank simply settles your outstanding Tonik balance and issues you a new loan at a lower interest rate, with no disruption to your property ownership.
Savings depend on your remaining loan balance, your current rate, and the new rate you qualify for. On a 3,000,000 peso loan at 8.50%, switching to 5.99% saves approximately 3,069 pesos per month and over 550,000 pesos across a 15-year remaining term. Nook can calculate your exact savings for free based on your actual loan details.
Yes, 100% free. Nook is a mortgage broker, which means the banks pay us a referral fee when we successfully place a loan — you pay nothing. There are no consultation fees, no application fees charged by Nook, and no hidden costs at any stage of the process.
You'll typically need your most recent Tonik loan statement, proof of income (payslips or ITR for the past two years), a copy of your Transfer Certificate of Title, and standard government-issued ID. Nook will guide you through the exact requirements of your chosen receiving bank and help you prepare your documents for submission.
The refinancing process typically takes between 30 and 60 days from initial application to loan release, depending on the receiving bank and how quickly documents are processed. Nook helps streamline this by coordinating directly with the bank on your behalf and flagging any missing requirements early so there are no unnecessary delays.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →