Whether you borrowed from Tonik Bank or UCPB, there's a good chance you're paying more than you need to. Nook compares rates across all Philippine lenders so you can refinance to as low as 5.99% p.a. — for free.
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Why this matters
Tonik Bank entered the Philippine market as a fully digital challenger bank, positioning itself as a modern, app-first alternative to traditional lenders. While Tonik has made waves in savings and personal loans, homeowners who explored Tonik for their housing needs — or who are now comparing options — often find themselves asking a simple question: am I getting the best rate available? UCPB, a long-standing government-backed institution, has historically offered competitive housing loan products, but like many traditional banks, its rates can sit anywhere from 7.50% to 9.50% p.a. depending on your fixing period and loan vintage. If your home loan is more than two years old, there's a strong likelihood your rate no longer reflects today's market.
The real opportunity in 2026 isn't choosing between digital and traditional banking — it's using Nook to shop across both worlds at once. Nook works with BDO, BPI, Metrobank, Security Bank, RCBC, and more to find you the lowest available refinancing rate, currently as low as 5.99% p.a. On a ₱3,000,000 loan with 20 years remaining, that difference can mean saving over ₱4,500 every single month. If you're currently on a UCPB housing loan and want to lower your monthly payments, refinancing through Nook is one of the most straightforward ways to do it — with zero broker fees charged to you.
The comparison between Tonik and UCPB is really a jumping-off point for a bigger conversation: regardless of where your home loan sits today, the Philippine refinancing market in 2026 offers rates that weren't accessible just a few years ago. Nook handles the entire process — from rate comparison to bank application — so you don't have to deal with multiple banks on your own. You can also explore how other lenders compare against UCPB to get a fuller picture before making your decision.
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
As of 2026, Tonik Bank is primarily known for its digital savings accounts, time deposits, and personal loans rather than traditional housing loan products. If you're looking for a home loan or refinancing option, Nook connects you with licensed Philippine banks that specifically offer competitive mortgage rates, so you're not limited to any single lender.
UCPB home loan rates typically range from 7.50% to 9.50% p.a. depending on the fixed-rate period you chose and when your loan was originated. If your loan is a few years old, your rate may have repriced upward — which is exactly the kind of situation where refinancing through Nook could deliver significant monthly savings.
On a ₱3,000,000 loan at 8.50% p.a. with 20 years remaining, switching to 5.99% p.a. through Nook could save you over ₱4,500 per month — that's more than ₱54,000 per year and over ₱800,000 across the remaining life of the loan. Your actual savings will depend on your outstanding balance, current rate, and remaining term.
Yes — Nook's service is completely free for homeowners. Nook earns a referral fee from the bank you end up refinancing with, which means you get full access to rate comparisons, bank matching, and application support at zero cost to you. There are standard bank processing fees involved in any refinancing, but Nook itself charges you nothing.
The refinancing process in the Philippines typically takes between 4 to 8 weeks from application to loan release, depending on the bank and how quickly documents are submitted. Nook helps you prepare your requirements upfront and stays with you through the entire process to avoid unnecessary delays.
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