Use this free calculator to compute your Landbank housing loan amortization — then see if refinancing could cut your monthly payment by thousands of pesos.
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Why this matters
Landbank of the Philippines is one of the country's most trusted government-run banks, and many Filipino homeowners have long-term housing loans with them. But if you took out your loan several years ago, the rate you locked in may be significantly higher than what's available in the market today. Based on publicly available information, Landbank's standard housing loan rates typically range from 7.5% to 9.5% per annum depending on the fixing period and loan term — though these figures are approximate and subject to change, so always verify the current rate directly with Landbank. For a ₱3,000,000 loan on a 20-year term at around 8.50%, you could be paying over ₱26,000 a month. At Nook's best available refinance rate of 5.99% p.a. through a partner bank, that same loan drops to under ₱22,200 — a difference of nearly ₱4,000 every single month.
So why does this matter? Because most homeowners never revisit their mortgage. They set up auto-debit on Day 1 and don't look at it again for years. But your home loan is almost certainly your biggest monthly expense, and shaving even 1–2 percentage points off your rate adds up to hundreds of thousands of pesos over the life of the loan. If you're curious how Landbank stacks up against other lenders, you can read a detailed BPI vs Landbank home loan rate comparison or explore the EastWest Bank vs Landbank housing loan comparison to see how rates differ across lenders. Nook's partner banks offer verified, competitive rates — and because Nook is 100% free to borrowers, there's no cost to finding out if you qualify.
This page helps you compute your estimated Landbank housing loan amortization using standard Philippine mortgage calculations. Enter your loan amount, remaining term, and interest rate to get your monthly payment. Keep in mind that actual amortization from Landbank may vary based on your specific loan agreement, any restructuring, or current repricing. Once you have your number, compare it side-by-side with what you could be paying through a Nook partner bank — the difference might surprise you. All rates shown are indicative and subject to change. Borrowers should verify current rates with their lender 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
You can estimate your monthly amortization using the standard mortgage formula: M = P × [r(1+r)^n] / [(1+r)^n - 1], where P is your loan amount, r is your monthly interest rate (annual rate ÷ 12), and n is your total number of payments. For example, a ₱3,000,000 loan at 8.50% p.a. over 20 years gives a monthly payment of approximately ₱26,035. For your exact amortization schedule, contact Landbank directly or log in to your account — rates and terms in your specific contract may differ.
Based on publicly available information, Landbank's housing loan rates typically range from approximately 7.5% to 9.5% per annum depending on the fixing period you chose (1-year, 3-year, 5-year, etc.) and your loan term. These figures are approximate and subject to change — always verify the current rate directly with Landbank before making any decisions. If your loan is coming up for repricing, it's also worth comparing with what Nook partner banks are currently offering.
Yes, you can refinance your Landbank housing loan to another bank offering a more competitive rate. Nook is the Philippines' first digital mortgage broker and can match you with partner banks currently offering rates as low as 5.99% p.a. — completely free of charge to you as the borrower. The process involves transferring your outstanding loan balance to the new bank, which pays off Landbank and gives you a new, lower-rate loan.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current Landbank loan and the new rate. On a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% saves approximately ₱3,869 per month — that's over ₱46,000 per year and nearly ₱700,000 over the remaining loan life. Use Nook's free refinancing calculator to get a personalised estimate based on your actual loan details.
Refinancing does involve paperwork — you'll need documents like your loan statement, title, tax declarations, and income documents — but Nook's platform guides you through every step digitally, making it far less daunting than applying on your own. There are closing costs involved (typically appraisal fees, mortgage registration fees, and documentary stamp tax), but for most borrowers, the monthly savings more than recover these costs within the first two years. Nook's service is 100% free to borrowers — there is no broker fee.
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