Thousands of Filipino homeowners are switching from PNB to lower rates every year. Find out how much you could save with a free Nook consultation — no fees, no obligation.
ESTIMATED MONTHLY SAVINGS
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Why this matters
If you took out a PNB home loan a few years ago, there's a good chance your current interest rate is higher than what's available in the market today. PNB's standard home loan rates typically range from 7% to 10% per annum depending on the fixing period and when you originally applied — and with the best refinance rates now starting at 5.99% p.a. through Nook's partner banks, a PNB housing loan refinance could put a significant amount of money back in your pocket every single month. Please note that rates shown are approximate figures based on publicly available information and are subject to change; always verify the current rate on your PNB loan statement before making any decisions.
A PNB loan transfer works by paying off your existing PNB mortgage using a new loan from a different bank offering better terms. The process can feel complicated, but that's exactly what Nook is here for. As the Philippines' first digital mortgage broker, Nook shops across multiple partner banks on your behalf, handles the paperwork, and guides you through every step — completely free of charge to you as the borrower. You don't need to negotiate rates yourself or spend hours calling different banks. Nook does it all, so you can focus on what matters: keeping more of your hard-earned money each month.
Eligibility for a home loan transfer is generally straightforward if you have a clean repayment history and sufficient remaining loan balance. Most lenders require at least 12 months of on-time payments before they'll consider a refinance application. If you're unsure what documents you'll need to prepare, our guide on PNB housing loan requirements and eligibility is a helpful starting point. Once you're ready, a Nook advisor can assess your situation in minutes and tell you exactly how much you stand to save.
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
Transferring your PNB home loan — also called refinancing — means moving your existing mortgage to a new lender that offers a lower interest rate or better terms. Your new bank pays off the outstanding PNB balance, and you continue making payments to the new lender, typically at a reduced monthly amount. The goal is to reduce your total interest cost over the remaining life of your loan.
Savings depend on your current PNB interest rate, your outstanding loan balance, and the new rate you qualify for. Based on approximate market data, PNB standard rates typically fall between 7% and 10% p.a., while Nook partner banks currently offer rates starting at 5.99% p.a. On a 3,000,000-peso loan with 20 years remaining, that rate difference can translate to over 3,000 pesos in monthly savings. Use Nook's free assessment to get a personalised estimate.
A typical home loan transfer in the Philippines takes 4 to 8 weeks from application to loan release, depending on how quickly documents are submitted and how busy the receiving bank is. Nook streamlines this by helping you prepare a complete application from the start, which significantly reduces back-and-forth delays. Your Nook advisor will keep you updated at every stage so there are no surprises.
There are standard third-party costs involved in any refinance, such as appraisal fees, notarial fees, and registration charges — these are typically in the range of 20,000 to 50,000 pesos depending on the property and lender. However, Nook's broker service is 100% free to borrowers; we are paid by the bank, not by you. Your Nook advisor will give you a full breakdown of expected costs upfront so you can weigh them against your projected savings.
Yes — in fact, the earlier in your loan term you refinance, the greater your total savings, because interest makes up the largest portion of your early repayments. Most banks will consider a loan transfer as long as you have at least 5 years remaining on your term and a good repayment history. Nook can assess your specific situation and tell you whether refinancing makes financial sense for you right now, with no commitment required.
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