Landbank housing loan interest rates typically range from 7% to 10% per annum — but Nook borrowers are refinancing to rates as low as 5.99% p.a., potentially saving thousands every month.
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Why this matters
Landbank of the Philippines (LBP) is one of the country's most trusted government-owned banks, offering housing loans to government employees, OFWs, and qualified private-sector borrowers. Based on publicly available information, Landbank's housing loan interest rates generally fall between 7% and 10% per annum depending on the fixing period, loan amount, and borrower profile. These rates are approximate and subject to change — always verify the latest rates directly with Landbank before making any decisions. If you're an existing Landbank borrower whose fixed-rate period has expired, there's a good chance your rate has already repriced upward, and you could be paying more than necessary.
Refinancing is worth exploring if your current Landbank housing loan rate is above 6.5%. Through Nook — the Philippines' first digital mortgage broker — you can compare verified rates from multiple partner banks and find out in minutes whether switching makes financial sense. For a 3,000,000 loan with 20 years remaining, moving from an 8.50% rate to 5.99% could reduce your monthly amortization by roughly 3,875 pesos and save you over 697,500 pesos across the life of the loan. Nook's service is completely free to borrowers; the bank pays the broker fee. You can also read our full guide on refinancing your Landbank housing loan to understand the process step by step.
Not sure if your loan qualifies? Most home loans become eligible for refinancing after 12 to 24 months of on-time payments. Nook works with BDO, BPI, Security Bank, RCBC, Metrobank, and other leading Philippine banks to find you the most competitive rate available. Whether you originally took your loan for a condo, house and lot, or townhouse, Nook can assess your options at no cost. For more detail on what documents you'll need and who qualifies, see our Landbank housing loan requirements guide. Interest rates from all banks, including Nook partner banks, are subject to change and should be confirmed at the time of application.
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 7% to 10% per annum depending on your loan amount, fixing period, and borrower classification. These figures are approximate and subject to change, so we strongly recommend contacting Landbank directly or visiting a branch to confirm the rate applicable to your specific situation. Nook can also show you competing rates from partner banks so you have a benchmark for comparison.
Yes — refinancing your Landbank loan with another bank is a straightforward process once your loan is at least 12 to 24 months old and your payments are up to date. Nook specialises in exactly this: we compare rates across multiple Philippine banks and handle the paperwork on your behalf, all at zero cost to you. Many borrowers who refinance through Nook secure rates well below what their original bank is offering on repriced loans.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the best available refinance rate. On a 3,000,000 loan at 8.50% with 20 years remaining, switching to 5.99% saves approximately 3,875 pesos per month and over 697,500 pesos total. Use Nook's free calculator to get a personalised estimate based on your own numbers.
No — Nook's mortgage brokering service is completely free for borrowers. Nook earns a referral fee from the receiving bank, not from you, so there is no charge to compare rates, get assessed, or submit your application through the platform. This makes it risk-free to find out whether refinancing will benefit you.
The timeline varies by bank and the completeness of your documents, but most refinance applications facilitated through Nook are approved within three to six weeks. Nook guides you through document preparation, bank submission, and loan release, reducing the back-and-forth that typically slows down direct applications. Getting a rate comparison and initial assessment takes just a few minutes online.
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