Thousands of UCPB housing loan borrowers are still paying rates of 8.50% or higher — Nook can help you switch to as low as 5.99% p.a. for free.
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Why this matters
UCPB (United Coconut Planters Bank) was one of the Philippines' long-standing home loan providers, but many borrowers who took out their housing loans years ago are still locked into repriced rates between 8% and 10% — well above what the market now offers. If your loan has already been repriced once or twice, there's a strong chance you're overpaying significantly every single month. Refinancing your UCPB housing loan through Nook means we shop multiple banks on your behalf to find the lowest available rate, and our service costs you absolutely nothing. You can also explore how switching from UCPB can lower your monthly payments in more detail before you commit to anything.
The refinancing process involves moving your outstanding loan balance to a new bank that offers a lower interest rate and better terms. On a 3,000,000 loan with 20 years remaining, dropping from 8.50% to 5.99% saves over 4,000 pesos every month — that's money back in your pocket for your family, investments, or an emergency fund. Banks like BPI, Security Bank, BDO, and Metrobank are actively competing for refinance customers right now, which means rates are genuinely competitive. If you've also been comparing options, our EastWest Bank vs UCPB refinancing comparison breaks down how different lenders stack up against your current UCPB terms.
Getting started with Nook takes only a few minutes online. You'll share basic details about your current loan, and our team will prepare a personalised comparison of offers from accredited banks — no branch visits, no pressure, no fees. Once you choose the best offer, Nook guides you through every step of the application and documentation process until your new loan is fully released. It's the simplest way for UCPB borrowers to take advantage of today's lower rate environment without the hassle of doing it alone.
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. In fact, most borrowers who refinance through Nook are doing so after one or more repricing cycles. Once your loan has been repriced to a higher rate, refinancing to a new bank at a lower rate is often the best way to reduce your monthly payment and total interest cost.
Nook's service is completely free to you as the borrower — we are compensated by the bank you choose, not by you. You will still need to budget for standard government and bank processing fees such as the mortgage registration fee and documentary stamp tax, but there is no charge for Nook's advisory and application support.
Through Nook, you can access refinance offers from leading Philippine banks including BPI, BDO, Metrobank, Security Bank, RCBC, UnionBank, Chinabank, and others. We compare live offers across multiple lenders so you can choose the one with the lowest rate and best terms for your situation.
The typical refinance timeline in the Philippines is four to eight weeks from application to loan release, depending on how quickly you can submit documents and how fast the new bank processes your application. Nook helps keep things moving by guiding you through each step and liaising directly with the bank on your behalf.
You'll generally need a valid government-issued ID, proof of income (payslips or ITR for employed borrowers, or financial statements for self-employed), your latest UCPB loan statement of account, and the original Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT). Nook will provide you with a complete checklist tailored to your specific situation once you start your application.
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