Landbank is a trusted lender for government employees and OFWs — but once your fixed period ends, you could be paying 7% or more. Nook can help you refinance to as low as 5.99% p.a. for free.
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Why this matters
Landbank of the Philippines is a government-owned bank with a long history of serving public sector employees and overseas Filipino workers. Its housing loan products are designed with these borrowers in mind, offering competitive initial fixed rates and flexible eligibility requirements for those with government or OFW income. However, like most Philippine banks, Landbank's published rates — typically ranging from 7% to 10% p.a. depending on the fixing period and loan term — can become costly once your initial fixed period expires and your loan reprices. The figures shown here are approximate, based on publicly available information, and are subject to change; always verify current rates directly with Landbank before making decisions.
If you took out a Landbank housing loan two or more years ago, there's a real chance you're now paying a higher revert rate than necessary. Refinancing through a Nook partner bank could let you lock in a new low fixed rate of 5.99% p.a. — potentially saving thousands of pesos every month. On a 3,000,000-peso loan with 20 years remaining, the difference between 8% and 5.99% is over 3,600 pesos a month. Nook's service is completely free to borrowers, and our licensed mortgage brokers handle the entire process on your behalf. You can learn more about the full process of refinancing your Landbank housing loan and what to expect when switching lenders.
Whether you're a government employee, an OFW, or a private-sector worker who originally chose Landbank for its accessibility, Nook works with multiple partner banks to find you the best available rate in the market today. Rather than applying to each bank individually — which takes time and affects your credit record — Nook submits a single application on your behalf. If you're still in the process of researching your options, our guide covering Landbank housing loan rates, requirements, and calculator tools for 2026 is a helpful starting point before you decide to refinance.
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 typically requires borrowers to be Filipino citizens aged 21 to 65 at the time of application, with a stable source of income — this includes government employees, uniformed personnel, OFWs, and private-sector workers. You'll generally need at least one to two years of continuous employment or business operation, and a good credit history. Specific eligibility criteria can vary by product, so it's best to confirm the latest requirements directly with Landbank.
Standard requirements typically include a completed application form, valid government-issued IDs, proof of income (such as payslips, a Certificate of Employment, or ITR), and property documents including the Transfer Certificate of Title and a tax declaration. OFWs are usually required to submit an employment contract or proof of remittance history in addition to standard income documents. Document requirements can change, so verify the current checklist with Landbank or a Nook mortgage broker before you begin.
Based on publicly available information, Landbank housing loan rates generally range from approximately 7% to 10% p.a., depending on the fixing period selected (typically 1, 3, 5, or 10 years) and the loan term. These rates are subject to change and may differ from what is currently being offered — always confirm the latest rates directly with Landbank. If your loan has already repriced after an initial fixed period, you may be paying above the market's best available rate.
Yes — if your Landbank loan has repriced or your fixed period is nearing its end, refinancing to a Nook partner bank could significantly reduce your monthly repayments. Nook partner banks are currently offering rates as low as 5.99% p.a., and Nook's brokerage service is 100% free to borrowers. Our brokers compare multiple lenders on your behalf, so you don't have to apply to each bank individually.
When you apply directly to individual banks, each application can leave a mark on your credit record and requires you to prepare and submit documents multiple times. Nook acts as your mortgage broker, submitting a single application to the most suitable partner banks on your behalf — saving you time and protecting your credit profile. The service is completely free, and Nook's licensed brokers guide you through every step, from comparing rates to receiving your approval.
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