PNB housing loan interest rates typically range from 7% to 9% per annum — but Nook partner banks are offering refinance rates from 5.99% p.a. Find out how much you could save every month.
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Why this matters
Philippine National Bank (PNB) is one of the country's largest and most established lenders, and its housing loan product is a popular choice among Filipino homeowners. Based on publicly available information, PNB's standard home loan interest rates typically fall between 7% and 9% per annum depending on your fixing period, loan-to-value ratio, and credit profile. Like most Philippine banks, PNB uses a repricing structure — meaning your rate is fixed for an initial period (commonly 1, 2, 3, or 5 years), after which it resets to the prevailing market rate. Many borrowers are surprised to find their monthly payment jumping significantly after that first repricing. Note that rates are subject to change without notice, so always verify the latest figures directly with PNB or through a licensed broker. If you're curious about what's required to borrow with PNB, see our complete guide to PNB housing loan requirements and eligibility.
If your loan has already repriced — or if you took out your mortgage more than two years ago — there's a strong chance you're paying more than you need to. Refinancing means replacing your existing PNB home loan with a new loan from a different lender at a lower interest rate. With Nook partner banks currently offering rates from 5.99% p.a., a homeowner with a ₱3,000,000 outstanding balance could potentially reduce their monthly amortisation by over ₱3,000 and save more than ₱700,000 over the remaining life of their loan. The math is straightforward — the rate gap does the work. To explore your refinancing options in detail, visit our dedicated PNB housing loan refinance page.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We compare verified rates from our panel of partner banks, handle the paperwork, and guide you through every step — from document submission to loan release. You don't need to visit a bank branch or negotiate rates yourself. Whether you're still locked in with PNB or your fixing period is about to expire, now is the right time to check what a better rate could mean for your household budget.
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 home loan rates generally range from approximately 7% to 9% per annum, depending on your fixing period, loan amount, and borrower profile. These rates are approximate and subject to change, so we recommend contacting PNB directly or speaking with a Nook advisor for the most up-to-date figures. Nook partner banks are currently offering refinance rates starting from 5.99% p.a., which may be significantly lower than what you're paying now.
PNB, like most Philippine banks, offers a fixed rate for an initial period — typically 1, 2, 3, or 5 years — after which your loan reprices to the bank's prevailing rate at that time. This means your monthly payment can increase substantially once the fixing period ends, even if market conditions haven't changed dramatically in your favour. Refinancing before or shortly after a repricing event is one of the most effective ways to lock in a lower rate and protect your budget.
Yes — refinancing to a different bank is a common and entirely legal process in the Philippines. You simply apply for a new home loan with a lender offering a better rate, and the proceeds are used to pay off your existing PNB balance. Nook makes this process straightforward by comparing verified rates from multiple partner banks and managing the application on your behalf, at no cost to you.
The savings depend on your outstanding loan balance, remaining term, and the rate difference between your current PNB loan and the new loan. As a rough example, a borrower with ₱3,000,000 remaining at 8.50% could reduce their monthly payment by over ₱3,000 by refinancing to 5.99% — adding up to more than ₱700,000 in total interest savings over a 20-year term. Use the Nook savings calculator above to get an estimate based on your own numbers.
The typical refinancing process in the Philippines takes between 4 to 8 weeks from application to loan release, depending on how quickly documents are submitted and the processing speed of the receiving bank. Nook streamlines this by guiding you through the exact documents required and following up with the bank on your behalf. You can check our PNB payment and application tracking guide for more context on timelines while your existing loan is active.
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