Many Landbank housing loan borrowers are paying 8% or more on their home loan — Nook can help you compare partner bank rates as low as 5.99% p.a. and switch for free.
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Why this matters
Landbank of the Philippines is a trusted government bank that offers housing loans to Filipino employees, OFWs, and government workers. However, like most traditional banks, Landbank's standard home loan rates typically range from 7% to 10% depending on your fixing period, loan amount, and when you originally took out the loan. If your loan was released more than two or three years ago, there's a strong chance your rate has not kept pace with the more competitive options now available in the market. Please note that rates shown here are approximate, based on publicly available information, and are subject to change — always verify current rates directly with Landbank or a licensed broker.
Refinancing your Landbank housing loan means replacing your existing loan with a new one from a different lender offering a lower interest rate. Through Nook, you can compare verified rates from our network of partner banks and find an offer that genuinely reduces your monthly repayment. The process is entirely free for borrowers — Nook is paid by the bank, not by you. Before you decide, it's worth checking the typical requirements for a Landbank housing loan and understanding what documents you'll need when switching lenders.
The savings can be significant. On a 3,000,000-peso loan with 20 years remaining, moving from 8.50% to 5.99% could reduce your monthly payment by nearly 4,000 pesos — that's close to 700,000 pesos over the remaining life of the loan. Even if you've fixed your Landbank rate for several years, it's worth getting a free quote now so you're ready to act the moment your fixing period ends. Interest rates are subject to change and all figures should be treated as estimates pending a formal bank assessment.
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
Yes, you can refinance your Landbank housing loan with any other accredited bank or lender in the Philippines. The process involves the new lender paying off your remaining Landbank balance and issuing you a fresh loan at a lower interest rate. Nook can match you with partner banks that offer competitive refinance rates and guide you through the entire process at no cost.
Based on publicly available information, Landbank's housing loan rates typically range from around 7% to 10% per annum depending on the fixing period and loan terms — but these figures are approximate and subject to change. We strongly recommend verifying the current rate directly with Landbank or checking our 2026 Landbank interest rate guide for the latest information. If your existing rate is higher than 6.5%, it's worth comparing alternatives through Nook.
Some home loans carry early repayment or pre-termination fees, particularly if you refinance while still within a fixed-rate period. You should review your loan documents or contact Landbank directly to confirm whether any penalties apply to your specific loan. Nook's advisors can help you factor in these costs when calculating whether refinancing makes financial sense for your situation.
The savings depend on your remaining loan balance, how much time is left on your term, and the rate difference between your current Landbank loan and what a new lender can offer. On a 3,000,000-peso loan with 20 years remaining, switching from 8.50% to 5.99% could save you roughly 3,893 pesos per month and over 700,000 pesos in total interest. Use Nook's free calculator or speak to an advisor to get an estimate tailored to your exact loan details.
Nook is the Philippines' first digital mortgage broker — we compare home loan offers from our network of partner banks and help you find the best refinance rate for your situation. The service is completely free for borrowers because Nook is compensated by the bank when your loan is successfully refinanced. You simply share your loan details, receive personalised offers, choose the best one, and Nook handles the paperwork and coordination from there.
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