Landbank is a trusted home loan lender for government employees and OFWs — but Nook partner banks may offer lower rates. Compare for free and see how much you could save.
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Why this matters
Landbank of the Philippines (LBP) is one of the country's leading government-run banks, offering housing loans particularly suited to government employees, public sector workers, and OFWs. Their programs are well-regarded for accessibility and stability — and for many Filipinos, a Landbank housing loan was their first step onto the property ladder. However, like most Philippine banks, their standard home loan rates typically range from 7.5% to 9.5% per annum depending on your fixing period and loan profile. These rates are approximate, based on publicly available information, and subject to change — always verify current rates directly with Landbank before making any financial decision. If you want a detailed breakdown of Landbank's published rate tiers, check out our Landbank housing loan interest rate guide for 2026.
What many Landbank borrowers don't realise is that after a few years of repayments, they often have the option to refinance — and potentially secure a significantly lower rate through a Nook partner bank. Nook's best available refinance rate is currently 5.99% p.a., which on a 3,000,000 loan over 20 years could mean savings of thousands of pesos every single month. Unlike going directly to a bank yourself, Nook is a free digital mortgage broker that does the comparison work for you — submitting to multiple lenders simultaneously to find your best offer. There are no broker fees, no hidden charges, and no obligation. You can also use our Landbank housing loan calculator to estimate your current monthly payment before you decide.
Whether you are a current Landbank borrower looking to refinance, or a first-time buyer comparing your options, Nook can help you make a more informed decision. Our partner banks offer competitive rates with streamlined digital processing — and because Nook is 100% free to borrowers, there is genuinely nothing to lose by checking. Interest rates across all lenders, including Landbank, are subject to change based on market conditions, so the earlier you lock in a lower rate, the more you stand to save over the life of your loan.
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 standard home loan rates typically range from approximately 7.5% to 9.5% per annum, depending on your chosen fixing period and individual loan profile. These rates are subject to change and may differ based on your employment type or eligibility for special programs. Always confirm the latest rates directly with Landbank or visit your nearest branch for an official quotation.
Landbank housing loans are generally available to Filipino citizens who are at least 21 years old and not more than 65 years old upon loan maturity. Government employees, military and uniformed personnel, and OFWs are among those commonly catered to by Landbank's loan programs. You can find a more complete breakdown of eligibility and documentary requirements on our Landbank housing loan requirements page.
Yes — if you already have a Landbank housing loan, you may be eligible to refinance through a different lender offering a lower interest rate. Nook partner banks currently offer refinance rates starting at 5.99% p.a., which could represent significant monthly savings compared to a typical Landbank rate. Visit our dedicated Landbank housing loan refinance page to see how the process works and how much you could save.
Applying directly with Landbank gives you access to their specific programs and government-linked benefits, which may be valuable for certain borrower profiles. Nook, on the other hand, submits your application to multiple partner banks simultaneously, so you can compare verified offers side by side — completely free of charge. This means you get the benefit of competition working in your favour, rather than being limited to a single lender's rates and terms.
Yes, Nook's service is 100% free to borrowers — there are no broker fees, application fees, or hidden charges at any stage of the process. Nook earns a referral fee from the bank if your loan is successfully approved, which means the service is incentivised to find you the best possible match. You are never charged anything regardless of whether you proceed with a loan or not.
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