PNB housing loan rates typically range from 7% to 9% p.a. — but through Nook, qualified borrowers are refinancing to as low as 5.99% p.a. and saving thousands every month.
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Why this matters
Philippine National Bank (PNB) is one of the country's oldest and most established lenders, and its housing loan product is a popular choice for Filipino homeowners and OFW borrowers. Based on publicly available information, PNB home loan interest rates generally fall between 7% and 9% per annum depending on the fixing period, loan amount, and borrower profile. However, these rates are approximate and subject to change — always confirm the latest figures directly with PNB before making any decisions. If you took out your PNB loan several years ago, there's a strong chance you're still on a rate that made sense back then but no longer reflects what's available in the market today.
Refinancing your PNB housing loan could be one of the most impactful financial moves you make this year. With Nook's partner banks now offering rates from as low as 5.99% p.a., homeowners with a ₱3,000,000 outstanding balance stand to save over ₱4,000 every month — that's real money back in your pocket, year after year. If you're curious what a switch could look like for your specific situation, you can explore your options with our PNB housing loan refinance guide, which walks through the process step by step.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We do the legwork — comparing rates across multiple partner banks, preparing your documents, and negotiating on your behalf — so you don't have to. Unlike going directly to a single bank, Nook gives you access to a range of verified, current offers from lenders competing for your business. For a deeper look at how PNB's rates stack up across different fixing periods, check out our detailed PNB housing loan interest rates comparison. Interest rates are subject to change; all figures shown are for illustrative purposes only.
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 typically range from around 7% to 9% per annum depending on the loan fixing period and borrower profile. These are approximate figures and are subject to change, so we recommend contacting PNB directly or speaking with a Nook advisor to get the most current rates. Nook partner banks currently offer refinance rates starting from 5.99% p.a. for qualified borrowers.
Yes — refinancing your PNB home loan to a Nook partner bank is a straightforward process if you meet standard eligibility requirements, such as having a good repayment history and sufficient remaining loan term. Many PNB borrowers who refinanced through Nook reduced their interest rate by 1.5 to 2.5 percentage points, resulting in significant monthly savings. Nook handles the entire application process for you, and the service is 100% free.
Savings depend on your outstanding balance, current rate, and remaining loan term, but the difference can be substantial. For example, a borrower with a ₱3,000,000 balance at 8.5% refinancing to 5.99% over 20 years could save over ₱4,000 per month and more than ₱800,000 over the life of the loan. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
Standard requirements for home loan refinancing in the Philippines typically include a valid government-issued ID, proof of income (payslips or ITR for employed borrowers, financial statements for self-employed), a copy of your current loan statement, and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. Nook will guide you through exactly what's needed for your chosen partner bank and help you prepare your application. Most borrowers find the process much simpler than their original home loan application.
The refinancing timeline in the Philippines generally ranges from four to eight weeks from application to loan release, depending on the receiving bank and completeness of your documents. Working with Nook can help streamline this — our team coordinates directly with partner banks to avoid unnecessary delays and keeps you updated at every stage. Starting early means you can potentially be on a lower rate before your next PNB fixing period reprices upward.
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