Landbank offers housing loans for government employees and OFWs — but many borrowers are paying 7.5% or higher when refinancing through a Nook partner bank could bring that down to as low as 5.99% p.a., completely free of charge.
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Why this matters
Landbank of the Philippines is a government-owned bank with a long history of serving public sector employees, farmers, and OFWs through its housing loan programs. Its home loan products are often attractive to government workers who may not qualify easily at private banks, offering competitive entry points and flexible terms of up to 25 years. However, like most banks, Landbank's published rates — which typically range from 7% to 10% depending on the fixing period and your borrower profile — are not always the lowest available in the market. Rates shown here are approximate, based on publicly available information, and are subject to change without notice. Always verify current rates directly with Landbank before making any decisions.
If you took out a Landbank housing loan more than two or three years ago, there's a strong chance you're locked into a rate that's significantly higher than what the market now offers. Through Nook, the Philippines' first digital mortgage broker, you can compare verified offers from multiple partner banks — including BPI, BDO, Security Bank, and others — all in one place, at no cost to you. Our guide to refinancing your Landbank housing loan walks through exactly how the process works and what to expect. Switching lenders doesn't have to be complicated, and the savings over a 20-year term can be substantial.
Whether you're a government employee, an OFW, or a private sector borrower who chose Landbank for its accessibility, it's worth running the numbers before your next interest rate reset. Use our Landbank housing loan calculator to estimate your current monthly payment, then see how much you could save by refinancing. Nook's service is 100% free to borrowers — we're paid by the bank when your loan is approved, so there's no cost or obligation to find out where you stand. Interest rates across all banks are subject to change; always confirm the latest figures before proceeding.
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
Based on publicly available information, Landbank housing loan rates typically range from around 7% to 10% per annum depending on the fixing period (1-year, 3-year, or 5-year) and your borrower profile. These rates are approximate and subject to change, so you should verify the latest figures directly with Landbank before making any financial decisions. If your current rate falls in this range, it may be worth comparing with Nook partner banks where rates can start at 5.99% p.a.
Yes, Landbank is known for catering to government employees and overseas Filipino workers (OFWs), offering accessible loan programs that may include flexible documentary requirements suited to their employment situation. Government employees in particular benefit from Landbank's familiarity with public sector payroll and tenure. That said, eligibility for the best rates still depends on your loan amount, fixing period, and credit profile — and it's always wise to compare with other lenders to ensure you're getting the most competitive deal.
Absolutely — refinancing from Landbank to a private bank is a common and straightforward process in the Philippines, and many borrowers do it to secure a lower interest rate when their fixed-rate period ends. Nook can help you compare offers from multiple partner banks side by side, handling the paperwork and coordination at no cost to you. See our full guide to refinancing your Landbank housing loan for a step-by-step breakdown of what's involved.
Landbank's housing loan requirements typically include proof of income (payslips or ITR), valid government-issued IDs, a filled application form, and documents related to the property such as a TCT and tax declaration. Government employees may also need a Certificate of Employment from their agency, while OFWs will need proof of overseas employment and remittance history. For a complete checklist, visit our Landbank housing loan requirements page.
Nook works with a panel of partner banks including BPI, BDO, Security Bank, and others to source verified, current rate offers on your behalf — something you'd otherwise have to do by visiting each bank individually. Since Nook is a licensed mortgage broker paid by the bank (not by you), the comparison and application service is completely free for borrowers. Nook partner banks go through a verification process, so the rates you see reflect real, available offers — giving you more confidence than a generic rate table from a bank's website, which may not reflect what you'll actually qualify for.
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