Use this calculator to estimate your Landbank housing loan monthly amortization, total interest, and true loan cost — then see how much you could save by refinancing at a lower rate.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Landbank of the Philippines (LBP) is a popular choice for government employees and OFWs looking for a reliable state-backed housing loan. Their published rates typically range from around 7% to 9% per annum depending on the fixing period, loan amount, and borrower profile — though these figures are approximate, based on publicly available information, and subject to change without notice. If you are currently repaying a Landbank housing loan taken out a few years ago, there is a strong chance your rate is higher than what is available in the market today. Running the numbers through a housing loan calculator is the first step to understanding your options. For a full breakdown of what Landbank currently offers, see our Landbank housing loan rates, calculator and requirements guide for 2026.
The savings card above uses a sample loan of 3,000,000 pesos over a 20-year remaining term. At an approximate Landbank rate of 8.50% per annum, the estimated monthly amortization is around 26,035 pesos. Refinancing that same balance to Nook's best available rate of 5.99% per annum through a partner bank would reduce your monthly payment to approximately 22,966 pesos — a difference of over 3,000 pesos every single month. Over the life of the loan, that adds up to more than 550,000 pesos in total interest savings. Your actual figures will vary based on your outstanding balance, remaining term, and the rate you qualify for, so it is important to get a personalised assessment. Note that all interest rates shown are subject to change and you should verify current rates before making any financial decisions.
Nook is the Philippines' first digital mortgage broker, and our refinancing service is completely free to borrowers. We work with multiple partner banks to find the most competitive rate for your specific profile — something a single bank cannot offer you. If you are paying more than 7% on your existing Landbank loan and want to explore your options, learn more about refinancing your Landbank housing loan through Nook. There are no hidden fees, no obligation, and the process is handled digitally from start to finish.
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
The calculator uses standard amortisation formula based on the loan amount, interest rate, and remaining term you input. The Landbank rates shown are approximate figures based on publicly available information and are intended for estimation purposes only — actual rates will depend on your loan type, fixing period, and borrower profile. Always confirm your current rate directly with Landbank or check your loan statement before making any financial decisions.
Landbank's published housing loan rates typically range from around 7% to 9% per annum depending on the fixing period (1-year, 3-year, 5-year, etc.), the loan amount, and whether you are a government employee, OFW, or private sector borrower. These rates are subject to change and may differ from what you were offered when you first took out your loan. For a detailed breakdown, visit our Landbank housing loan rates and requirements page.
Yes, refinancing a Landbank housing loan with a different bank is allowed and is a common strategy for borrowers who want to access a lower interest rate. The process involves your new lender paying off your outstanding Landbank balance and issuing you a new loan at a better rate. Through Nook, you can compare multiple partner banks in one place and potentially refinance to as low as 5.99% per annum — all at no cost to you.
A good rule of thumb is that refinancing makes financial sense if your new rate is at least 1 to 1.5 percentage points lower than your current rate and you have a significant remaining loan term. For example, on a 3,000,000 peso loan with 20 years remaining, dropping from 8.50% to 5.99% saves over 3,000 pesos per month. Factor in any refinancing fees (such as appraisal and processing costs) to calculate your break-even period — Nook can help you work through this for free.
Standard documents for refinancing include your valid government-issued IDs, latest payslips or proof of income, your most recent Landbank loan statement, a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and proof of property insurance. The exact requirements may vary by the receiving bank. For a complete checklist, see our Landbank housing loan requirements and application guide.
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