PNB housing loan rates typically range from 7% to 9% per annum — but Nook borrowers are refinancing to as low as 5.99% p.a., saving thousands every month. Our service is 100% free.
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Why this matters
PNB (Philippine National Bank) offers home loans with both fixed and variable rate options. Based on publicly available information, PNB's standard housing loan rates have typically ranged from around 7% to 9% per annum for fixed periods of 1 to 5 years, after which loans reprice to prevailing market rates. These figures are approximate and subject to change — always verify the latest rates directly with PNB before making any financial decisions. That said, many existing PNB borrowers find that after their initial fixed period ends, their repriced rate is significantly higher than what's currently available through refinancing. If your loan has repriced recently, it's worth running the numbers.
The difference between fixed and variable rates matters a lot over a 20-year loan term. A fixed rate gives you payment predictability for a set period (usually 1–5 years), while a variable rate moves with the market — which can work in your favour or against you. Many Filipino homeowners initially choose variable rates for the lower starting cost, only to find their repayments climbing as rates rise. If you're unsure which structure suits you, exploring a PNB refinance through Nook lets you compare verified offers from multiple partner banks side by side, at no cost to you.
Refinancing your PNB home loan doesn't have to be complicated. Through Nook, you can compare real rates from accredited Philippine banks, use our calculator to estimate your monthly savings, and submit a single application that goes to multiple lenders. Before you apply, it helps to have your documents ready — you can review the full checklist in our guide to PNB housing loan requirements and eligibility. The best time to refinance is typically before your current fixed period expires, so you avoid being repriced to a higher variable rate. Note: all interest rates shown on this page are indicative and subject to change.
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
Based on publicly available information, PNB housing loan rates have typically ranged from approximately 7% to 9% per annum, depending on the fixed rate period chosen and current market conditions. However, these rates are approximate and subject to change — you should contact PNB directly or visit a branch for their latest published rates. Nook's partner banks are currently offering refinance rates starting from 5.99% p.a., which may represent a significant saving if your current rate is higher.
A fixed rate locks in your interest rate for a set period — typically 1, 2, 3, or 5 years — giving you predictable monthly repayments regardless of market movements. A variable rate, on the other hand, adjusts periodically based on benchmark rates, meaning your payment can go up or down. Many borrowers choose a fixed period for budget stability, then reassess whether to refinance when their fixed term ends.
Yes, refinancing a PNB home loan is straightforward as long as your property is fully titled and your loan has been active for at least 12 months (requirements vary by lender). Through Nook, you can compare offers from multiple accredited Philippine banks and find a rate lower than what PNB is currently charging you. The process is free — Nook earns from the bank, not from you.
On a 3,000,000 peso loan at 8.50% versus the best available refinance rate of 5.99%, you could save over 3,000 pesos per month — that's more than 36,000 pesos a year. Over a 15-year remaining term, total savings can exceed 550,000 pesos. Use Nook's free calculator to get a personalised estimate based on your actual loan balance, remaining term, and current rate.
Yes, completely free. Nook is the Philippines' first digital mortgage broker and is paid a referral fee by the bank — never by the borrower. You get access to verified rates from multiple lenders, a dedicated mortgage specialist to guide you through the process, and help preparing your documents, all at zero cost. There are no hidden fees, and you're under no obligation to proceed with any offer.
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