Many PNB home loan holders are paying 8% or more in interest. Nook can help you refinance to as low as 5.99% p.a. — at zero cost to you.
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Why this matters
PNB (Philippine National Bank) is one of the Philippines' longest-standing banks and offers home loan products to a wide range of borrowers. However, like many traditional banks, PNB's standard home loan rates — typically in the range of 7% to 9.5% per annum based on publicly available information — may no longer be competitive compared to what Nook's partner lenders can offer today. These rates are approximate, subject to change, and we strongly recommend verifying current PNB rates directly with the bank. That said, if your existing PNB loan was taken out two or more years ago, there's a strong chance you're overpaying every single month.
Refinancing your PNB home loan through Nook means you get access to verified, competitive rates from multiple partner banks — all in one place, with no broker fees. Our team handles the comparison, paperwork coordination, and lender communication on your behalf, so switching lenders doesn't have to feel like a second job. If you're unsure about eligibility or what documents are required for a PNB housing loan refinance, our advisors can walk you through everything. Nook partner banks offer streamlined processes and rates you can actually verify upfront — no guesswork.
The numbers speak for themselves: on a 3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% saves over 3,000 pesos every month. Over the life of the loan, that adds up to more than half a million pesos. Nook's service is completely free for borrowers — we're paid by the lender when your loan settles, not by you. Whether you're managing your loan through PNB's online payment portal or still visiting a branch, refinancing could be the single best financial decision you make this year. Note: all interest rate comparisons are based on publicly available information and are subject to change without notice.
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
Refinancing during a lock-in period typically triggers prepayment penalties from PNB, which can range from 1% to 3% of the outstanding loan balance. Nook will help you factor this cost into your overall savings calculation so you can decide whether refinancing now or waiting until after the lock-in period makes more financial sense. In many cases, the long-term savings still outweigh the one-time penalty.
Nook works with a network of partner banks and compares their verified, current home loan rates on your behalf — for free. PNB's rates shown on this page are approximate figures based on publicly available information and should be confirmed directly with PNB, as rates change regularly. Nook partner banks offer transparent, up-to-date rates that you can trust when making a refinancing decision.
The typical refinancing process in the Philippines takes 4 to 8 weeks from application to loan release, depending on the receiving bank and how quickly documents are submitted. Nook helps streamline this by guiding you through every stage and flagging any issues early. Our goal is to make the process as smooth and fast as possible so you start saving sooner.
Yes, Nook's mortgage brokering service is 100% free for homeowners. Nook is compensated by the partner bank when your refinanced loan successfully settles — similar to how travel booking platforms work. You never pay a brokerage fee, application fee, or consultation charge to Nook at any point in the process.
Typical requirements include a valid government-issued ID, your most recent Certificate of Employment and income tax return (or audited financial statements if self-employed), your latest PNB loan statement of account, and property documents such as the Transfer Certificate of Title and tax declaration. Requirements may vary slightly by lender. Nook will provide you with a personalised checklist once you start your application.
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