Thousands of Filipino homeowners with Landbank home loans are paying rates of 8% or higher. Through Nook, you could refinance to as low as 5.99% p.a. — completely free.
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Why this matters
Landbank (Land Bank of the Philippines) is a government-owned bank that offers housing loans to Filipino borrowers, particularly those in the agricultural and public sectors. While Landbank has historically been a trusted source of home financing, their published home loan rates typically range from 7% to 10% depending on the fixing period and loan tenure. If you took out your Landbank home loan more than two or three years ago — or if you're currently on a variable rate — there's a strong chance you're paying significantly more than today's most competitive rates. You can review Landbank's current housing loan interest rates to see how your rate compares. Please note that all rates shown are approximate, based on publicly available information, and are subject to change; always verify current rates directly with the bank.
Refinancing your Landbank home loan through Nook means switching to a partner bank offering verified, competitive rates — currently as low as 5.99% p.a. On a 3,000,000 loan with 20 years remaining, that difference can translate to thousands of pesos saved every single month. Nook's service is 100% free to borrowers: we handle the rate comparisons, paperwork coordination, and bank negotiations on your behalf, so you don't have to chase multiple banks yourself. Unlike going directly to a bank, Nook gives you access to offers from multiple lenders in one streamlined process. If you want to understand what your current Landbank monthly payment looks like versus alternatives, our calculator can give you a side-by-side view in minutes.
The refinancing process in the Philippines can feel daunting — but it doesn't have to be. Most borrowers who refinance through Nook complete the process in four to eight weeks, and the savings begin from the very first month on the new rate. Whether your goal is to lower your monthly cash outflow, shorten your loan term, or simply get onto a more transparent and competitive product, exploring alternatives to your Landbank loan is a smart financial move. The best time to refinance is when the rate gap is wide enough to recover any switching costs within two to three years — and right now, that gap is significant for most Landbank borrowers.
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 can refinance your Landbank home loan with any accredited private bank in the Philippines, including BDO, BPI, Security Bank, Metrobank, and others. The process involves your new lender paying off your Landbank balance, after which you make monthly payments to the new bank at the agreed rate. Nook can help you identify which lender currently offers the most competitive terms for your specific loan profile.
Landbank's housing loan rates are typically in the range of 7% to 10% depending on the fixing period (1-year, 3-year, 5-year, or longer) and overall loan terms. These are approximate figures based on publicly available information and are subject to change, so we recommend checking directly with Landbank or reviewing our 2026 Landbank interest rate guide for the most up-to-date information. If your current rate is above 7%, you are likely a strong candidate for refinancing.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current Landbank loan and the new offer. For a borrower with 3,000,000 remaining at 8.50%, switching to 5.99% p.a. could save approximately 3,874 per month — nearly 697,320 over a 15-year period. Use Nook's free calculator to get a personalised estimate based on your actual numbers.
Landbank, like most Philippine banks, may charge a prepayment or early termination fee if you refinance during a fixed-rate period. The exact fee depends on your loan contract and how much of your fixing period remains. It's important to factor this cost into your refinancing decision — Nook can help you calculate whether your long-term savings outweigh any exit fees before you commit.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers — we are compensated by the bank when your loan is successfully placed. You share your loan details with us, we compare offers from our panel of partner banks, and we present you with the best available options. From application to approval, our team handles the coordination so you can focus on making the right financial decision without the usual paperwork headache.
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