Thousands of Filipino homeowners with PSBank home loans are quietly paying more than they need to. Refinancing through Nook could lower your rate to as little as 5.99% p.a. — and our service is completely free.
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Why this matters
Philippine Savings Bank (PSBank) is a well-known retail bank that offers home loans to Filipino borrowers, with rates that typically fall in the 7% to 10% range depending on the fixing period and your loan profile. If you took out your PSBank home loan a few years ago and haven't revisited your rate since, there's a strong chance you're paying significantly more than what's available in the market today. Please note that PSBank rates shown here are approximate, based on publicly available information, and are subject to change — always verify the current rate directly with PSBank before making any decisions.
Refinancing means switching your existing home loan to a new lender offering a lower interest rate. For a ₱3,000,000 loan, even a 2.5 percentage point reduction in your rate can translate to over ₱4,500 in monthly savings — that's real money back in your pocket every single month. Nook works with a network of accredited Philippine banks to find you verified, competitive rates. Unlike dealing with banks directly, comparing PSBank alternatives through Nook gives you a side-by-side view of what's actually available without the legwork.
The refinancing process can feel daunting, but Nook handles the complexity for you — from rate comparison to paperwork coordination — at zero cost to the borrower. Our partner banks offer rates starting at 5.99% p.a., which are verified and updated regularly. If you're currently on a PSBank home loan and want to understand your options, exploring a PSBank housing loan refinance through Nook is a logical first step. Interest rates are subject to change, and your actual savings will depend on your specific loan balance, remaining term, and the rate you qualify for.
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 PSBank home loan with any accredited bank in the Philippines, including Nook's partner banks. The process involves your new lender paying out your remaining PSBank balance and issuing you a new loan at a lower rate. Nook can help you identify which lender offers the best rate for your specific loan profile.
PSBank's home loan rates typically range from 7% to 10% per annum depending on the fixing period and borrower profile, but these figures are approximate and based on publicly available information. Rates can change at any time, so we recommend contacting PSBank directly or visiting their website for the most current figures. Through Nook's partner bank network, rates start at 5.99% p.a., which may represent a significant saving compared to what you're currently paying.
On a ₱3,000,000 loan with 20 years remaining, switching from a rate of around 8.50% to 5.99% could save you approximately ₱4,544 per month — or over ₱54,000 per year. Your actual savings will depend on your outstanding balance, remaining loan term, and the rate you qualify for. Use Nook's free calculator to get a personalised estimate based on your real numbers.
Refinancing does involve some one-time costs, typically including appraisal fees, documentary stamp tax, and registration fees — these vary by lender and loan amount. However, Nook's broker service is 100% free to you as the borrower; we are compensated by the bank you ultimately choose. In most cases, the monthly savings from a lower rate will recover any upfront costs within the first one to two years.
The refinancing timeline typically ranges from four to eight weeks, depending on how quickly documents are submitted and the processing speed of the receiving bank. Nook streamlines the process by guiding you through every step, from choosing the right lender to coordinating with both banks on your behalf. Getting started takes just a few minutes — you can submit your details online and a Nook advisor will reach out to walk you through your options.
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