Many Landbank borrowers are paying 8% or more on their home loan — refinancing through Nook could cut your monthly payment by thousands of pesos, for free.
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Why this matters
Landbank of the Philippines is a trusted government bank known for serving public sector employees, OFWs, and low-to-middle income Filipinos with accessible housing finance. Their home loan products often appeal to government workers and those who prefer banking with a state-run institution. However, like many bank loans taken out several years ago, your current Landbank housing loan rate may no longer be the most competitive option available to you in 2026. Rates shown here are approximate, based on publicly available information, and are subject to change — always verify your current rate directly with Landbank.
If you're a few years into your Landbank home loan and your fixed-rate period has repriced, there's a real chance you're now paying 8% to 10% per annum — significantly higher than the best refinance rates available today. Refinancing means taking out a new home loan (with a Nook partner bank offering verified, competitive rates) to pay off your existing balance, locking in a lower rate for your next fixed period. For a loan of 3,000,000 pesos, even a 2.5 percentage point reduction can save you over 4,000 pesos every month. You can learn more about whether refinancing your Landbank loan to a private bank makes sense for your situation.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We do the legwork of comparing offers across multiple partner banks, handle your paperwork, and guide you through every step of the refinancing process. There are no hidden fees on your end — Nook is compensated by the lending bank, not by you. If you want to understand the full Landbank housing loan rates and calculator for 2026 before deciding, we recommend reviewing your latest Statement of Account and getting a free assessment through Nook 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
Landbank's housing loan rates are publicly available but subject to change depending on loan term, fixing period, and borrower profile — rates typically range from around 7% to 10% per annum based on market conditions. We recommend contacting Landbank directly or checking your most recent loan statement to confirm your current rate. If your fixed period has already repriced, you may be paying more than you need to.
Yes — refinancing a Landbank home loan to a private bank is a common and straightforward process, provided your property title is clean and your loan account is in good standing. Nook partner banks can pay off your outstanding Landbank balance and issue you a new loan at a lower rate. The entire process typically takes 6 to 10 weeks and Nook guides you through it at no cost.
Yes, Nook charges borrowers absolutely nothing. Nook earns a referral fee from the partner bank once your loan is successfully released, so you get expert mortgage brokering, rate comparison, and application support at zero cost to you. There are no broker fees, no consultation charges, and no hidden costs on the borrower side.
Savings depend on your outstanding balance, remaining term, and the difference between your current rate and your new rate. For a 3,000,000-peso loan at 8.5% refinanced to 5.99%, you could save over 4,000 pesos per month — that's more than 48,000 pesos a year. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
Landbank does cater to government employees and OFWs as priority borrowers, but refinancing out of Landbank is open to any borrower regardless of employment type. Nook partner banks assess your eligibility based on your income, credit standing, and property value — not your employer. Government employees are generally viewed as low-risk borrowers and often qualify for competitive refinance rates through Nook's partner banks.
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