If you took out a housing loan with United Coconut Planters Bank, you may be paying rates well above today's market. Nook can help you refinance to as low as 5.99% p.a. — for free.
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Why this matters
UCPB — United Coconut Planters Bank — has long served Filipino homeowners, but many borrowers find themselves locked into repriced rates of 8% to 10% or higher after their initial fixed-rate period ends. If your loan has been repriced in the last few years and you haven't shopped around, there's a strong chance you're leaving thousands of pesos on the table every single month. Refinancing your UCPB housing loan means switching your outstanding balance to a new lender with a lower interest rate — and right now, the best available refinance rate through Nook is 5.99% p.a.
Nook is the Philippines' first digital mortgage broker, which means we do the comparison work for you across BDO, BPI, Metrobank, Security Bank, RCBC, and more — all at zero cost to you. We handle the paperwork, negotiate on your behalf, and guide you through every step of the switch. For a ₱3,000,000 outstanding balance at 8.50%, refinancing to 5.99% could reduce your monthly payment by over ₱3,000 — that's real money back in your pocket. You can also explore how EastWest Bank compares to UCPB on refinancing rates if you want to see specific lender alternatives side by side.
The process is simpler than most borrowers expect. Once you submit your details through Nook, we assess your loan balance, remaining term, and current rate to identify the best refinancing offers available to you. Most refinancing applications take 4 to 8 weeks from submission to approval. Whether your UCPB loan is for a house and lot, condominium, or townhouse, Nook can help you determine whether switching makes financial sense — and if it does, we make it happen. Read more in our complete guide to lowering your UCPB monthly payments.
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
Refinancing during a lock-in period usually triggers a prepayment penalty from UCPB, which typically ranges from 1% to 3% of the outstanding loan balance. Nook will help you calculate whether the long-term savings from a lower rate outweigh the penalty cost. In many cases, even with the fee, switching still saves you significantly more over the remaining loan term.
Through Nook, the best available refinance rate is currently 5.99% p.a. on a fixed-rate period. The exact rate you qualify for will depend on your loan amount, property value, income, and chosen bank. Nook compares offers from multiple Philippine banks to find you the most competitive terms.
Nook's service is completely free for borrowers — we are paid by the bank, not by you. You will still need to budget for standard third-party costs such as appraisal fees, notarial fees, and transfer taxes, which vary by bank and property. Nook will walk you through all expected costs upfront so there are no surprises.
The refinancing process typically takes between 4 to 8 weeks from the time you submit your complete documents. This includes bank processing, property appraisal, and loan documentation. Nook manages the timeline on your behalf and keeps you informed at every stage.
You'll generally need your latest UCPB loan statement, proof of income (payslips or ITR), a copy of your Transfer Certificate of Title, and a recent tax declaration for the property. Employed and self-employed borrowers have slightly different requirements. Once you connect with Nook, we'll send you a personalised checklist based on your specific situation.
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