DBP and Landbank home loan rates typically range from 7% to 9% per annum — Nook can connect you with partner banks offering as low as 5.99% p.a., potentially saving you thousands every month.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
DBP (Development Bank of the Philippines) and Landbank are two of the most well-known government-owned banks offering home loans to Filipino borrowers, particularly government employees, OFWs, and public sector workers. Both institutions provide housing loan products with competitive terms, but their standard rates — typically ranging from 7% to 9% p.a. depending on fixing period and borrower profile — may no longer be the most competitive option available to you in 2026. Rates shown here are approximate, based on publicly available information, and are subject to change without notice. Always verify current rates directly with the bank.
If your existing home loan is with DBP or Landbank and you haven't reviewed your rate in the past two to three years, there's a strong chance you're overpaying. A ₱3,000,000 loan at 8.50% p.a. over 20 years costs roughly ₱26,035 per month. Refinancing that same loan to 5.99% p.a. through a Nook partner bank brings your monthly payment down to around ₱22,966 — a saving of over ₱3,000 every single month. For a full breakdown of what Landbank currently offers borrowers, see our Landbank housing loan interest rate guide for 2026.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with multiple accredited private banks to find you the lowest rate you qualify for — no legwork, no hidden fees. Whether you're currently with DBP, Landbank, or any other institution, switching is more straightforward than most homeowners expect. If you're a government employee or OFW currently with Landbank and want to understand your refinancing options in detail, our Landbank refinancing guide walks you through exactly what to expect.
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
Both DBP and Landbank offer home loan rates that generally fall in the 7% to 9% p.a. range for standard fixing periods, though exact rates depend on your loan amount, term, and borrower profile. These are approximate figures based on publicly available information and are subject to change — always confirm current rates directly with the bank. Private banks accessible through Nook currently offer rates starting at 5.99% p.a., which can represent significant savings over a government bank loan.
Yes, refinancing from a government bank to a private bank is entirely possible and is one of the most common reasons Filipinos use Nook. The process involves settling your existing loan with the proceeds of a new loan from your chosen private bank. Nook handles the comparison and paperwork coordination for free, making the switch much smoother than going it alone.
Some borrowers — particularly government employees — choose Landbank or DBP for payroll integration or employer tie-ups, and it's worth checking whether any such arrangements apply to you before switching. That said, most borrowers find that the interest savings from refinancing to a lower-rate private bank far outweigh any administrative conveniences. Nook can help you weigh up the full picture before you commit.
On a ₱3,000,000 loan with 20 years remaining, dropping from 8.50% to 5.99% p.a. reduces your monthly payment from approximately ₱26,035 to ₱22,966 — a saving of around ₱3,069 per month. Over the life of the loan, that adds up to more than ₱550,000 in total interest savings. Your actual savings will vary based on your remaining balance, term, and the rate you qualify for.
The typical refinancing timeline through Nook is four to eight weeks from application to loan release, though this can vary depending on the bank and how quickly documents are submitted. Nook's digital process is designed to reduce back-and-forth, and our mortgage specialists guide you through every step. There are no broker fees charged to you at any stage of the process.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →