Landbank housing loan rates typically range from 7% to 9% p.a. depending on your fixed period. Many borrowers can refinance to as low as 5.99% p.a. through Nook — free of charge.
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Why this matters
Landbank of the Philippines (LBP) is one of the country's most trusted government-owned banks, and it offers housing loans to both government and private employees. Its interest rates are publicly available but approximate and subject to change — rates typically fall between 7% and 9% p.a. for fixed periods of 1 to 5 years, and may reprice higher once the fixed period ends. Borrowers are strongly encouraged to verify current rates directly with Landbank before making any financial decisions. If you're also reviewing what documents you need to apply for a Landbank housing loan, it's worth evaluating your rate options at the same time.
Many Landbank borrowers find that after their initial fixed period expires, their loan reprices to a higher variable rate — often 8.5% or above. This is one of the most common triggers for refinancing in the Philippines. By switching to a Nook partner bank at 5.99% p.a., a borrower with a 3,000,000 outstanding balance on a 20-year remaining term could save over 3,000 pesos every month. That adds up to more than 550,000 pesos over the life of the loan — money that stays in your pocket instead of going to interest.
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 verified, competitive refinance rates — not estimates, not approximations. Whether you're a government employee or private sector worker currently holding a Landbank housing loan, it takes just a few minutes to see what rate you qualify for. You can also review the full Landbank housing loan requirements for both government and private employees to understand how your current loan was structured before making a switch. Note: all interest rates referenced on this page are subject to change and should be independently verified.
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 typically range from approximately 7% to 9% p.a. depending on the fixed period chosen (1, 2, 3, or 5 years). These rates are approximate and subject to change — you should contact Landbank directly or visit a branch to confirm the latest rates applicable to your loan.
Once your fixed period ends, your Landbank loan typically reprices to a new rate based on market conditions at that time, which can be significantly higher than your original rate. This repricing moment is one of the best times to evaluate refinancing, as you may be able to lock in a lower rate with a different lender through Nook.
Yes — refinancing a Landbank housing loan is straightforward, especially if your property is fully titled and your loan has been active for at least one to two years. Through Nook, you can refinance to as low as 5.99% p.a. with a partner bank, and the entire broker service is free to you as the borrower.
On a 3,000,000 loan with a 20-year remaining term, refinancing from 8.5% to 5.99% p.a. reduces your monthly payment by approximately 3,069 pesos — that's over 36,000 pesos in savings per year and more than 552,000 pesos over the remaining loan term. Use Nook's free calculator to get an estimate based on your specific loan balance.
Nook is 100% free to borrowers — there are no broker fees, no hidden charges, and no obligation to proceed. Nook earns a referral fee from the partner bank only when a loan is successfully completed, similar to how a real estate agent is paid by the seller. You get expert guidance and access to multiple bank offers at zero cost.
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