Estimate your Landbank housing loan monthly payments — then see how much you could save by refinancing to a lower rate through Nook, completely free.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Landbank of the Philippines (Land Bank) is one of the country's most established government-run banks, offering housing loans to both public and private sector employees. Based on publicly available information, Landbank's standard home loan interest rates typically range from approximately 7% to 9.5% per annum depending on the fixing period and loan term — though these rates are subject to change and you should always verify current figures directly with the bank. For a ₱3,000,000 loan on a 20-year term at around 8.50%, your estimated monthly amortization would be roughly 26,035. That figure can shift significantly as your fixed-rate period ends and your loan reprices, which is one of the most overlooked risks Filipino homeowners face. If you're weighing your options between lenders, our BPI vs Landbank home loan rate comparison breaks down the differences in detail.
Here's where refinancing becomes powerful: if your current Landbank rate is anywhere between 7.5% and 10%, switching to the best available rate through Nook — currently 5.99% p.a. — could reduce your monthly payment by thousands of pesos. On a ₱3,000,000 balance with 20 years remaining, moving from 8.50% to 5.99% saves an estimated 3,840 per month, or over 691,200 across the life of your loan. That's real money that stays in your pocket instead of going to interest. Many borrowers who've gone through the process share their experiences candidly — reading real Landbank borrower reviews can help you set realistic expectations before you decide.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with multiple partner banks to find you the most competitive refinancing rate available — without you having to call each bank individually or guess whether you're getting a good deal. All rates shown in our calculator are for illustration purposes; actual rates depend on your loan profile, the bank's current offerings, and prevailing market conditions. Interest rates are subject to change, and we always recommend verifying the latest figures before making any financial decision.
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
Our calculator uses standard amortization formulas and publicly available rate estimates to give you a realistic ballpark figure. However, Landbank's actual rates vary based on your loan term, fixing period, and borrower profile, so treat these results as an informed estimate rather than a guaranteed quote. Always confirm current rates directly with Landbank or a licensed mortgage broker like Nook.
Based on publicly available information, Landbank's housing loan rates have typically ranged from around 7% to 9.5% per annum depending on the repricing period and loan purpose — but these figures change regularly. We strongly recommend contacting Landbank directly or using Nook's free service to compare verified current rates across multiple banks at once.
Yes — refinancing away from Landbank to a bank offering a lower rate is straightforward and very common in the Philippines. The process involves your new bank paying off your existing Landbank balance and issuing you a new loan at a better rate. Nook can handle this entire process on your behalf at no cost to you.
The savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the new one. For a ₱3,000,000 loan moving from 8.50% to 5.99% over 20 years, the estimated saving is around 3,840 per month and over 691,200 in total interest. Use our calculator above to run the numbers for your specific loan amount.
Yes, completely free. Nook earns a referral fee from the partner bank when your loan is approved — you pay nothing extra, and the rate you receive is the same or better than going directly to the bank yourself. There are no hidden charges or broker fees billed to you at any stage of the process.
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