PNB housing loan rates typically range from 7% to 10% p.a. depending on your fixed period — but Nook partner banks are now offering as low as 5.99% p.a., potentially saving you thousands every month.
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Why this matters
Philippine National Bank (PNB) is one of the country's longest-standing government-linked banks, and its housing loan products are a common choice for Filipino homebuyers. Based on publicly available information, PNB typically offers fixed-rate periods of 1, 2, 3, 5, and 10 years, with rates generally falling between 7% and 10% p.a. depending on the fixing period, loan amount, and borrower profile. Shorter fixing periods tend to carry lower initial rates, while longer fixed terms offer more payment stability. Note: These rates are approximate and subject to change — always verify the latest rates directly with PNB before making a decision. You can also use our PNB housing loan calculator to estimate your monthly payments under different rate scenarios.
While PNB may have been competitive when you first took out your home loan, the mortgage market has shifted significantly. Many homeowners who locked in rates between 2018 and 2023 are now paying 8% to 10% p.a. — well above what Nook partner banks are currently offering. Refinancing allows you to reset your rate to today's market, reducing your monthly amortisation and freeing up cash for other financial goals. If you're curious how PNB stacks up against other lenders, our BDO vs PNB housing loan rate comparison breaks down the differences in detail.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with a panel of vetted partner banks to find you the most competitive refinance rate available — without you having to visit multiple branches or negotiate on your own. Whether your current loan is with PNB or any other bank, Nook can check if you qualify for a better deal in minutes. The best rate currently available through Nook is 5.99% p.a., and switching could save a typical borrower over 36,000 pesos per year on a 3,000,000 peso loan.
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 in 2026 are estimated to range from approximately 7% to 10% p.a., varying by fixed-rate period and borrower profile. Shorter fixing periods (1-2 years) typically carry lower initial rates, while 10-year fixed terms offer more stability at a higher rate. These figures are approximate — contact PNB directly or visit a branch to get your personalised rate quote.
Yes — if you've been with PNB for at least a year and your property has sufficient equity, you can refinance your home loan to a different bank offering a more competitive rate. Nook partner banks are currently offering rates as low as 5.99% p.a., which could be significantly lower than what you're paying now. Nook's refinancing service is 100% free to borrowers, so there's no cost to finding out if you qualify.
On a 3,000,000 peso loan with 20 years remaining, switching from an 8.5% rate to 5.99% p.a. could reduce your monthly payment by over 3,000 pesos — that's more than 36,000 pesos saved per year. Over the life of the loan, the total interest savings can exceed half a million pesos. Use the savings estimate on this page as a starting point, then speak with a Nook advisor for a figure based on your actual loan balance and remaining term.
PNB is a reputable bank with a wide branch network and a range of home loan products, making it a reasonable choice for many borrowers. However, whether it offers the best rate for your specific situation depends on your loan amount, tenure, and credit profile — other banks may offer more competitive pricing. Comparing PNB against other lenders is a smart move; our RCBC vs PNB home loan rate comparison is a helpful starting point.
Refinancing costs typically include appraisal fees, notarial fees, mortgage registration fees, and potentially a pre-termination penalty from your existing lender — PNB's terms vary, so check your loan agreement for any early settlement charges. A Nook advisor can help you calculate your break-even point to determine whether refinancing makes financial sense given your remaining balance and timeline. Because Nook's service is free to borrowers, you won't pay any broker fee on top of standard processing costs.
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