Landbank housing loan interest rates typically range from 7% to 9% p.a. — but Filipino homeowners can now refinance to as low as 5.99% p.a. through Nook's partner banks, completely free of charge.
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Why this matters
Landbank of the Philippines (Landbank) is one of the most popular home loan providers for government employees and OFWs, thanks to its government-backed mandate and accessible branch network. Based on publicly available information, Landbank's housing loan interest rates generally range from around 7% to 9% per annum depending on the fixing period, loan amount, and borrower profile — though these rates are subject to change and you should always verify the latest figures directly with Landbank. If you're a government employee who took out a Landbank housing loan several years ago, there's a strong chance you're still locked into a rate that made sense then but looks expensive compared to what's available today. For a full breakdown of loan features and eligibility criteria, see our guide on the Landbank housing loan 2026 rates, requirements and calculator.
Here's what most borrowers don't realise: your Landbank loan doesn't have to stay with Landbank. Refinancing — switching your existing home loan to a new lender offering a lower rate — is a perfectly legal and increasingly common move among savvy Filipino homeowners. Through Nook, the Philippines' first digital mortgage broker, you can compare verified rates from multiple partner banks and refinance to as low as 5.99% p.a. The process is handled entirely online, Nook's service is 100% free to borrowers, and you could save tens of thousands of pesos every year. If you're curious about what's involved, our Landbank housing loan refinance guide walks through the full process step by step.
The savings illustration above is based on a 3,000,000 loan with approximately 20 years remaining, comparing an estimated Landbank standard rate of 8.50% p.a. against Nook's best available rate of 5.99% p.a. Actual savings will depend on your outstanding balance, remaining term, applicable fees, and the rate you qualify for. Interest rates shown are approximate, based on publicly available information, and are subject to change without notice. We strongly recommend confirming current Landbank rates directly with the bank and speaking with a Nook advisor to get an accurate picture of your refinancing options.
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 housing loan rates generally range from around 7% to 9% p.a., varying by fixing period and borrower type — government employees and OFWs may qualify for preferential terms. However, these rates are subject to change and are not verified in real time, so you should contact Landbank directly or visit a branch to confirm the exact rate applicable to your loan. If you're exploring alternatives, Nook partner banks currently offer rates starting at 5.99% p.a.
Yes — government employees can absolutely refinance a Landbank housing loan with another bank, provided they meet the new lender's eligibility criteria such as income requirements and loan-to-value ratios. Refinancing does not require Landbank's permission, though you will need to settle any applicable pre-termination charges outlined in your original loan agreement. Nook can help you compare options from multiple partner banks and identify whether refinancing makes financial sense for your situation.
Savings depend on your outstanding loan balance, remaining term, your current interest rate, and the new rate you qualify for. As a rough example, a borrower with 3,000,000 outstanding and 20 years remaining could save over 4,600 per month by moving from an 8.50% rate to 5.99% p.a. — that's more than 840,000 over the life of the loan. Use Nook's free calculator or speak with an advisor to get a personalised estimate based on your actual figures.
OFWs can explore refinancing options through Nook's partner banks, though eligibility criteria — such as employment documentation, remittance history, and income verification — will vary by lender. Many partner banks have specific OFW home loan programs with competitive rates, and Nook's advisors are experienced in helping OFW borrowers navigate the requirements. For more detail on what documents you'll need, see our guide on Landbank housing loan requirements as a starting reference point.
Yes — Nook's mortgage brokering service is completely free to the borrower. Nook is compensated by the partner bank when a loan is successfully placed, so there is no fee charged to you at any stage of the process. You get access to multiple bank rates, free expert advice, and a fully digital application process without paying a single peso for the service.
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