Thousands of Filipino homeowners are still paying 8% or more on their PNB home loan. Refinancing to a Nook partner bank could cut your rate to as low as 5.99% p.a. — and it costs you nothing to find out.
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Why this matters
Philippine National Bank is one of the country's oldest and most established lenders, and many Filipino homeowners took out their home loans with PNB years ago — often at rates that were competitive at the time. But home loan rates have shifted significantly, and what once seemed like a fair deal may now be costing you considerably more than necessary each month. If you're unsure what rate you're currently on, check your latest statement or refer to our guide on PNB housing loan online payment and status tracking to review your loan details. Based on publicly available information, PNB standard home loan rates typically range from around 7% to 10% p.a. depending on the fixing period and loan vintage — these figures are approximate and subject to change, so always verify your current rate directly with PNB.
Refinancing means transferring your existing PNB home loan to a new lender offering a lower interest rate. Through Nook, you can compare verified rates from multiple partner banks and find the best offer for your situation — all without paying broker fees. On a 3,000,000 loan balance with a remaining term of 20 years, moving from 8.50% down to 5.99% could save you over 3,000 pesos every single month. That's money back in your pocket for school fees, emergency savings, or simply breathing room in your budget. If you're also considering whether you meet the requirements to refinance, our overview of PNB housing loan requirements and eligibility is a helpful starting point before you apply.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We handle the paperwork, coordinate with lenders, and guide you through every step of the refinancing process. There's no obligation to proceed after your initial assessment, and you'll receive a clear comparison of your options before making any decisions. Rates shown are indicative and based on publicly available information as of 2026 — actual savings will depend on your current rate, outstanding balance, and the offers available at the time of your application. Interest rates 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
Yes, you have every right to transfer your home loan from PNB to another bank offering better terms — this is called refinancing or loan take-out. The new lender pays off your remaining PNB balance, and you continue repayments with the new bank at the lower rate. Most banks require that your loan has been active for at least one to two years before you can refinance.
Based on publicly available information, PNB home loan rates generally range from around 7% to 10% p.a. depending on the repricing period and when your loan was originated. However, rates change regularly and your actual rate may differ — we recommend checking your loan statement or contacting PNB directly to confirm your current rate before comparing refinancing options.
Nook's service is 100% free for borrowers. We are compensated by our partner banks, not by you. You can get a full savings estimate, compare offers from multiple lenders, and complete the entire application process without paying Nook any fees whatsoever.
Refinancing does involve some third-party costs such as appraisal fees, notarial fees, and registration charges — these are standard across all Philippine home loan transactions and are not unique to refinancing. In many cases, the monthly savings from a lower rate will recoup these upfront costs within 12 to 18 months. Nook will give you a clear breakdown of estimated costs before you commit.
The refinancing timeline typically ranges from four to eight weeks, depending on how quickly documents are submitted and how fast the new lender processes the application. Nook helps you prepare your documents correctly the first time, which significantly reduces delays. Your PNB loan continues as normal during the process — there is no gap in coverage or ownership.
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