Many PNB home loan borrowers are paying 7% to 9% interest or more — Nook can help you compare better options and potentially refinance to as low as 5.99% p.a., completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
PNB (Philippine National Bank) is one of the country's established home loan providers, and many Filipinos took out their mortgages there years ago when rates were higher. If you've been with PNB for a few years, there's a strong chance your current interest rate — typically ranging from 7% to 9% or more depending on when you repriced — is significantly higher than what's available in the market today. Refinancing means moving your outstanding loan balance to a lender offering a lower rate, which directly reduces your monthly amortisation and total interest paid over the life of your loan. You can learn more about how PNB housing loan refinancing works and what to expect from the process.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We work with a panel of accredited partner banks to find you the most competitive refinance rate available — no need to call multiple banks, submit separate applications, or guess which lender will give you the best deal. We handle the comparison and coordination on your behalf. For borrowers with a PNB home loan, this can mean unlocking rates as low as 5.99% p.a. through one of our partner banks, versus the approximate 7% to 9%+ that many PNB borrowers are currently paying. Please note that PNB housing loan interest rates shown on this page are approximate figures based on publicly available information and are subject to change — always verify the latest rates directly with PNB or through a licensed broker like Nook.
The savings can be substantial. On a 3,000,000 peso loan with 20 years remaining, dropping from 8.50% to 5.99% could reduce your monthly payment by thousands of pesos — money that stays in your pocket every single month. The earlier you refinance, the more total interest you avoid paying, since interest is front-loaded in standard amortisation schedules. If you're unsure whether refinancing makes financial sense for your specific situation, Nook's advisors can walk you through a free, no-obligation assessment so you can make an informed decision.
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 are not locked into staying with PNB for the life of your loan. Refinancing allows you to transfer your outstanding balance to another lender offering a lower interest rate, subject to standard credit and property requirements. Nook can help you identify which partner banks are most likely to approve your application and offer the best rate for your profile.
Based on publicly available information, PNB home loan rates generally range from approximately 7% to 9% or higher depending on the fixing period and loan terms — but these figures are approximate and subject to change, so you should confirm current rates directly with PNB. If your existing rate falls within or above this range, you may be able to refinance to as low as 5.99% p.a. through a Nook partner bank. We always recommend getting a current quote before making any decisions.
Nook's mortgage broker service is completely free for borrowers — we are compensated by the lending bank, not by you. There are standard third-party costs involved in any refinance, such as appraisal fees, transfer taxes, and notarial fees, which your Nook advisor will walk you through upfront. There are no hidden charges from Nook's side.
The refinancing process typically takes between 30 to 60 days from application to loan release, depending on the lender and how quickly documents are submitted. Nook streamlines this by guiding you through each step and liaising with the bank on your behalf. Having your documents ready early — such as your PNB loan statement, title, and income documents — can significantly speed things up.
Generally, refinancing delivers the greatest savings when you have a longer remaining loan term, since more interest payments lie ahead that can be reduced. If you have less than five years remaining, the upfront costs of refinancing may outweigh the interest savings. Nook can run a break-even analysis for your specific loan balance and remaining term so you can decide with full clarity — reach out for a free assessment.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →