Thousands of UCPB home loan borrowers are paying rates as high as 8.50% p.a. — refinancing through Nook could drop your rate to 5.99% p.a. and save you over 58,000 a year, completely free.
UCPB BORROWER ESTIMATED SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
United Coconut Planters Bank (UCPB) has long been a trusted name in Philippine home lending, but like most traditional banks, its repricing cycles mean many borrowers find themselves locked into rates that no longer reflect the most competitive options in the market. If you took out your UCPB home loan more than two or three years ago, there is a strong chance your current rate sits somewhere between 8% and 10% — significantly higher than what is available today. Refinancing is not just for borrowers in financial difficulty; it is a smart financial move for anyone whose loan balance and remaining term make the numbers work in their favour.
Nook is the Philippines' first digital mortgage broker, and we work with a wide panel of banks 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 in rate can translate to more than 4,500 in monthly savings and over 800,000 across the life of your loan. Our service is 100% free to you as a borrower; the bank pays our fee when your loan is approved. If you are weighing up your options, our UCPB housing loan refinance guide walks through the full process in detail.
The refinancing process through Nook is straightforward: you submit your documents once, and we handle the comparison, negotiation, and paperwork across multiple lenders on your behalf. Most clients complete their application entirely online within a few days. If you are also considering how UCPB stacks up against other lenders before making your decision, our EastWest Bank vs UCPB refinancing comparison gives a clear side-by-side view of current rates and terms. There is no obligation to proceed, and knowing your options costs you nothing.
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 are not required to stay with UCPB when refinancing. Switching to a different bank that offers a lower rate is one of the most effective ways to reduce your monthly repayments. Nook compares offers from over a dozen Philippine banks so you can see all your options before committing.
Your savings depend on your outstanding balance, remaining term, and the gap between your current rate and the new rate you qualify for. On a 3,000,000 loan at 8.50% refinanced to 5.99%, you could save over 4,500 per month and more than 800,000 over 20 years. Use Nook's free calculator to get an estimate based on your actual figures.
Many UCPB home loans include a pre-termination or early repayment penalty, typically applied if you exit within the fixed-rate lock-in period. It is important to check your loan agreement or contact UCPB directly to confirm any applicable fees. In most cases, the long-term savings from a lower rate far outweigh any one-time exit cost.
You will generally need your latest Statement of Account from UCPB, a copy of your Transfer Certificate of Title (TCT), proof of income such as payslips or ITR, valid government-issued IDs, and your latest tax declaration. Nook will guide you through the exact requirements once you begin your application, and our team is available to assist if you are unsure about any document.
The typical refinancing timeline runs between 30 and 60 days from document submission to loan release, though this can vary depending on the receiving bank's processing speed and the completeness of your documents. Nook streamlines the process by submitting on your behalf and following up with the bank, so you do not have to manage the back-and-forth yourself.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →