Landbank offers housing loans to government employees, OFWs, and private sector borrowers — but many existing borrowers are paying more than they need to. See how your current rate compares and whether refinancing could save you thousands every month.
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Why this matters
Landbank of the Philippines (LBP) is one of the country's most trusted government-owned banks, and its housing loan program has long been a go-to option for public school teachers, government employees, military and police personnel, and OFWs. Landbank's published standard rates typically fall in the 7% to 10% per annum range, depending on the fixing period and loan term. These rates are approximate and based on publicly available information — actual rates offered to individual borrowers may vary and are subject to change, so always confirm directly with a Landbank branch before making any decisions. If you want a full breakdown of eligibility and documents, see our Landbank housing loan requirements and application guide.
If you took out your Landbank housing loan more than two or three years ago, there is a real chance your interest rate has repriced upward — or that more competitive rates are now available through private banks. Nook's partner banks currently offer rates as low as 5.99% p.a., which on a 3,000,000 loan over 20 years can translate to a difference of more than 3,000 pesos every single month. That gap adds up fast: over the remaining life of a typical loan, borrowers switching from an 8.50% rate to 5.99% could save over half a million pesos in interest. Nook's service is completely free to borrowers — we are paid by the bank, never by you. For a deeper look at how Landbank's rates stack up across different borrower types, visit our Landbank housing loan 2026 rates and calculator guide.
Refinancing away from Landbank does not have to be complicated. Through Nook, you submit one application and we match you with verified offers from multiple private banks — BDO, BPI, Security Bank, Metrobank, and more — so you can compare real numbers side by side. There is no obligation to proceed, and our mortgage specialists handle the paperwork coordination so you are not chasing banks on your own. Whether you are a government employee, an OFW, or a private sector borrower, it is worth taking five minutes to find out if you can do better. Note: All interest rates shown are indicative and subject to change. Borrowers should verify current rates directly with their lender or through Nook before making any financial decisions.
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
Landbank's published housing loan rates generally range from around 7% to 10% per annum depending on the fixing period you choose and your borrower profile. These figures are approximate and based on publicly available information — actual rates are subject to change and may differ based on your specific application, so confirm the latest rates directly with Landbank before applying or refinancing.
Yes — refinancing from Landbank to a private bank is a straightforward process and is one of the most common refinancing moves Nook facilitates. You will need to settle any outstanding balance with Landbank using proceeds from your new loan, and your new bank will handle the transfer of the mortgage. Nook can guide you through the entire process at no cost to you.
You will typically need your latest statement of account from Landbank, proof of income (payslips, ITR, or employment certificate), a copy of your Transfer Certificate of Title (TCT), and the latest tax declaration and real property tax receipts for the property. Your Nook mortgage specialist will give you a complete personalised checklist once you submit an inquiry.
The savings depend on your outstanding balance, remaining term, and the rate gap between your current loan and a new offer. On a 3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% saves approximately 3,157 pesos per month — or roughly 568,260 pesos over the life of the loan. Use Nook's free calculator to run the numbers for your specific situation.
Yes, completely free. Nook is a mortgage broker, which means we are compensated by the bank when a loan is successfully disbursed — you never pay a brokerage fee or service charge. Our job is to find you the best available rate from our panel of partner banks, handle the coordination, and make the process as smooth as possible for you.
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