If you took out a home loan with Tonik Bank or are considering transferring your mortgage to a digital lender, you could be leaving serious money on the table. Nook can help you compare refinancing options and lock in rates as low as 5.99% p.a. — completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Tonik Bank positioned itself as the Philippines' first digital-only bank, attracting tech-savvy borrowers with a slick app experience and the promise of modern banking. But when it comes to home loan refinancing, a digital interface alone doesn't guarantee the most competitive mortgage rate. Many Tonik borrowers — and those who have considered Tonik for their home financing — are now discovering that the best rates in the market may actually come from refinancing through a comparison platform like Nook, where multiple lenders compete for your business. You can check current mortgage interest rates in the Philippines to see how your existing rate stacks up.
Refinancing your home loan — whether away from Tonik or toward a lender with a better rate — is a straightforward process when you have the right partner. Nook works with leading Philippine banks including BDO, BPI, Security Bank, RCBC, Metrobank, and more, matching your loan profile to the institution most likely to offer you the sharpest rate. On a 3,000,000 peso loan at 8.50% versus 5.99%, the difference compounds dramatically over a 20-year term — potentially saving you over half a million pesos in total interest payments.
The digital-first promise of modern banking is real, but it works best when you use it to shop smarter, not just bank prettier. Nook's free refinancing service is entirely online, transparent, and designed around the Filipino borrower. There are no broker fees, no hidden charges, and no obligation — just a faster path to a lower monthly payment and more money staying in your pocket every single month.
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 away from Tonik Bank just like any other lender. The process involves transferring your outstanding loan balance to a new bank that offers a lower interest rate, and Nook can help you identify the best available option based on your current loan details and credit profile.
Savings depend on your outstanding balance, remaining term, and the rate gap between your current loan and what you qualify for. On a 3,000,000 peso loan switching from 8.50% to 5.99% over 20 years, you could save over 552,000 pesos in total interest — that's more than 3,000 pesos back in your pocket every month.
Nook's service is completely free to borrowers. Nook is paid by the bank you ultimately refinance with, so you get access to a full comparison of lenders and professional guidance without paying a single peso in broker fees.
Typically you'll need your most recent bank statements, proof of income (payslips or ITR for self-employed), your existing loan statement of account, and property documents such as your TCT and tax declaration. Your Nook advisor will walk you through the full checklist once you submit your inquiry.
Most refinancing transactions through Nook are completed within 4 to 8 weeks, depending on the receiving bank and how quickly your documents are in order. Nook manages the coordination between you and the bank, which significantly reduces back-and-forth delays compared to applying on your own.
Check your exact savings in 60 seconds. It's free and takes no commitment.
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