Landbank is a trusted government bank — but trust doesn't always mean the lowest rate. We compared Landbank's housing loan interest rates against BPI, BDO, and Security Bank so you don't have to.
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Why this matters
Landbank of the Philippines (LBP) is one of the most popular choices for government employees and OFWs looking for a housing loan, and for good reason — it offers competitive rates, flexible terms, and an accessible application process. Based on publicly available information, Landbank's standard housing loan interest rates typically range from around 7.00% to 9.50% per annum depending on the fixing period, loan term, and borrower profile. However, these figures are approximate and subject to change without notice, so always verify the current rates directly with Landbank before making any financial decisions. If you want a deeper look at their full product, check out our Landbank housing loan rates, calculator, and requirements guide for government employees and OFWs.
What many homeowners don't realize is that the lowest advertised rate isn't always the rate you'll actually receive — and Landbank is no exception. Your final rate depends on your loan-to-value ratio, employment type, fixing period chosen, and internal credit assessment. Meanwhile, Nook's partner banks — including BPI, BDO, Security Bank, and others — are currently offering verified refinance rates as low as 5.99% p.a. For a 3,000,000 loan on a 20-year term, the difference between 8.50% and 5.99% can mean saving over 3,000 pesos every single month. That's real money back in your pocket, every month, for years.
If you're already a Landbank borrower and your fixing period is coming up for repricing — or if you've been on a floating rate for a while — now is an excellent time to review your options. Refinancing through Nook is 100% free to you as a borrower. We handle the comparison, the paperwork coordination, and the bank introductions so you can make a confident, informed decision. Whether you stay with Landbank or switch to a Nook partner bank with a better verified rate, the goal is the same: pay less interest and keep more of your money. Read more about refinancing your Landbank housing loan and see what better rates are available today.
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
Based on publicly available information, Landbank's housing loan interest rates are approximately 7.00% to 9.50% per annum depending on your fixing period and loan profile — but these figures are approximate and subject to change. We strongly recommend contacting Landbank directly or visiting a branch to get your actual quoted rate. For context, Nook partner banks are currently offering verified refinance rates starting at 5.99% p.a.
All major Philippine banks — including BPI, BDO, Security Bank, and Landbank — offer broadly similar rate ranges on the surface, but the key difference is that Nook has verified, current promotional rates from its partner banks that are difficult to find on your own. Landbank is not currently a Nook partner bank, which means we can't guarantee or lock in a Landbank rate on your behalf. What we can do is match you with a Nook partner bank offering a competitive, confirmed rate so you're never left guessing.
Yes — refinancing a Landbank home loan is a straightforward process, and many borrowers do it successfully when their fixing period ends or when rates at other banks drop significantly below what Landbank is offering. Nook can help you compare refinance offers from multiple partner banks at no cost to you, making it easy to see whether switching makes financial sense. Check out our full guide on Landbank housing loan refinancing for a step-by-step breakdown.
Landbank has historically been one of the most accessible options for government employees and OFWs, with flexible documentation requirements and a familiarity with non-standard income structures. That said, accessibility and low rates are two different things — and it's worth comparing Landbank's offer against other banks before signing. Nook's free broker service can help you understand what you qualify for across multiple lenders at the same time.
Landbank's typical housing loan requirements include valid government-issued IDs, proof of income (payslips, ITR, or employment certificate), and property documents such as the TCT, tax declaration, and lot plan. Requirements may vary depending on whether you're employed, self-employed, or an OFW. For a full checklist, see our detailed Landbank housing loan requirements guide.
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