Many PNB borrowers are locked into rates of 8% or higher — refinancing through Nook could drop your rate to as low as 5.99% p.a. and save you tens of thousands every year.
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Why this matters
Philippine National Bank (PNB) is one of the country's established government-linked banks offering home loans to qualified Filipino borrowers. Based on publicly available information, PNB housing loan interest rates typically range from around 7% to 9.5% p.a. depending on the fixed-rate period selected — shorter fixing periods (1–3 years) generally come with lower initial rates, while longer fixed periods (5–10 years) carry higher but more predictable rates. After the fixed period ends, your loan reverts to a floating rate tied to PNB's prevailing reference rate, which has historically pushed total borrowing costs higher over time. Please note that these figures are approximate, based on publicly available information, and are subject to change — always verify current rates directly with PNB. If you're researching eligibility or documentation requirements, see our guide on PNB housing loan requirements for 2026.
For homeowners who already have a PNB home loan, the more important question isn't what rate you were offered — it's what rate you're paying right now. Many borrowers who took out loans 3–7 years ago are sitting on rates of 8% to 10% and haven't revisited their options since. The refinancing market has shifted significantly, and Nook's partner banks are currently offering verified rates starting at 5.99% p.a. On a 3,000,000 loan with 20 years remaining, that difference can translate to over 54,000 in annual savings — money that stays in your pocket instead of going to interest charges.
Unlike applying directly to a single bank, Nook works as a free digital mortgage broker — meaning we compare offers from multiple partner banks on your behalf, handle the paperwork, and guide you through the entire refinancing process at zero cost to you. PNB is not currently a Nook partner bank, which means that if you're refinancing away from PNB, you gain access to our partners' verified, competitive rates along with a streamlined, fully supported application experience. There are no broker fees, no hidden charges, and no obligation to proceed until you're happy with the offer. Interest rates shown are indicative and subject to change; your final rate will be confirmed upon full credit assessment.
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 9.5% p.a. depending on the fixed-rate period and your loan profile. These figures are approximate and subject to change, so we strongly recommend contacting PNB directly or visiting a branch to confirm the latest rates applicable to your situation.
A fixed-rate period means your interest rate is locked in and will not change for a set number of years — typically 1, 2, 3, 5, or 10 years with most Philippine banks including PNB. Once that period ends, your rate resets to the bank's prevailing reference rate, which can be significantly higher. Many borrowers find that refinancing at the end of a fixed period is the ideal time to lock in a new, lower rate through a different lender.
Yes — refinancing your PNB home loan to a lender offering a lower rate is a legitimate and increasingly common strategy among Filipino homeowners. Through Nook, you can access verified rates from multiple partner banks starting at 5.99% p.a., and our service is completely free to you as the borrower. The process involves paying off your existing PNB balance with the new loan, so you'll want to factor in any applicable pre-termination fees from PNB before proceeding.
For a refinancing application, you'll typically need government-issued ID, proof of income (payslips or ITR), your existing loan statement of account from PNB, and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. Nook's team will guide you through exactly what's needed for your specific situation, making the process as smooth as possible. You can also review the PNB housing loan requirements guide for a detailed checklist that applies to both new and refinancing applicants.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current PNB loan and the new offer. For example, on a 3,000,000 loan with 20 years remaining, moving from 8.5% to 5.99% could save you approximately 4,540 per month — or over 817,000 in total interest over the life of the loan. Use Nook's free refinancing calculator to get a personalised estimate based on your actual numbers.
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