Thousands of Landbank borrowers are overpaying on their housing loans every month. Nook's free calculator shows your exact savings if you refinance to a lower rate today.
SAMPLE SAVINGS ESTIMATE
No commitment. No credit check. Just your numbers.
Why this matters
Landbank of the Philippines is a popular choice for government employees, OFWs, and borrowers who value a government-backed lender. However, like many Philippine banks, Landbank's housing loan rates — which typically range from 7% to 10% per annum depending on the fixing period and borrower profile — are not always the most competitive on the market. Once you're locked into a loan and making monthly amortizations, it's easy to forget that you have options. The numbers above are based on an approximate rate of 8.50% p.a., which reflects a commonly advertised Landbank fixing period. Rates are indicative and based on publicly available information — always verify directly with Landbank as rates are subject to change. If you want a full breakdown of Landbank's current terms, see our Landbank Housing Loan 2026 rates and calculator guide.
Refinancing means switching your existing home loan to a new lender offering a lower interest rate. Through Nook, the lowest available refinance rate is currently 5.99% p.a. from our network of partner banks. On a 3,000,000 loan with 20 years remaining, that difference in rate can translate to over 700,000 in total interest savings over the life of the loan — money that stays in your pocket instead of going to the bank. Nook's service is completely free for borrowers: we are compensated by the bank, never by you.
Not sure if you qualify or what documents you'll need? Our guide on whether you can refinance from Landbank to a private bank walks through eligibility, common requirements, and what to expect from the process. Government employees and OFWs often assume Landbank is their only option — but private banks actively compete for refinance business, and Nook's partner banks offer verified, up-to-date rates with a streamlined digital application. The best way to find out your real savings is to get a personalised comparison through Nook in minutes, at no cost.
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 reducing-balance amortisation formula applied to publicly available Landbank rate ranges — it is designed to give you a realistic estimate, not an exact quote. Actual rates depend on your loan amount, fixing period, borrower profile, and Landbank's current promotional offers, so always confirm directly with the bank. For a personalised refinance comparison based on verified current rates, Nook can prepare a free assessment for you.
Yes — there is no restriction that requires you to stay with Landbank once your loan is active. Government employees and OFWs are eligible to refinance to any private bank that accepts their income type, and many of Nook's partner banks actively welcome these borrower profiles. The key requirements are typically a clean payment history, sufficient remaining loan balance, and the standard set of income and property documents.
Through Nook's network of partner banks, the lowest available refinance rate is currently 5.99% per annum. This rate is verified and available to qualified borrowers — it is not a teaser rate that disappears after the first year. Interest rates are subject to change, so the best time to lock in a low rate is as soon as you qualify.
The refinancing process typically takes four to eight weeks from application to loan release, depending on how quickly documents are submitted and how responsive the appraisal and legal processes are. Nook helps you prepare a complete application from the start, which avoids back-and-forth delays that commonly slow down bank-direct applications. Your existing Landbank loan continues normally during this period — there is no gap in coverage.
No — Nook's service is 100% free for borrowers at every stage: calculation, comparison, application, and processing. Nook is a licensed mortgage broker compensated directly by the bank upon successful loan release, which means your interests and Nook's interests are fully aligned. There are no hidden fees, no upfront charges, and no obligation after receiving your savings estimate.
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