Many PNB housing loan borrowers are paying 7.5% or higher — refinancing through Nook could drop your rate to as low as 5.99% p.a. and save you thousands every month.
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Why this matters
PNB (Philippine National Bank) is one of the country's longest-standing banks and a common choice for home financing. However, if you took out your PNB housing loan several years ago — or if your loan has already repriced to a higher fixed rate — there's a strong chance you're paying more than you need to. Based on publicly available information, PNB's standard home loan rates typically range from 7% to 9% p.a. depending on the fixing period, though these rates are approximate and subject to change. The gap between what you're paying now and what's available through Nook's partner banks can translate to real, significant savings every single month. You can also explore how PNB stacks up against other lenders in this Pag-IBIG vs PNB home loan rate comparison to understand your options better.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We work with multiple partner banks to find you the most competitive refinance rate available — without the paperwork marathon of going bank to bank yourself. Our team handles the legwork, coordinates with lenders, and guides you through every step of the process. Whether your current PNB loan is for a condo in Metro Manila or a house and lot in the provinces, refinancing is worth exploring if your remaining balance is at least 1,000,000 and you have more than five years left on your term.
It's important to note that all interest rates — including those offered through Nook's partner banks — are subject to change and depend on your individual loan profile, property type, and lender assessment. The savings figures shown on this page are illustrative estimates based on a 3,000,000 loan with a 20-year remaining term. Your actual savings may be higher or lower. That said, even a 1% reduction in your interest rate on a multi-million peso loan adds up to hundreds of thousands of pesos over the life of your mortgage. If you're curious how PNB compares to other lenders beyond the usual suspects, check out this Maya Bank vs PNB home loan rate comparison for an alternative perspective.
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
Yes, but you should check whether PNB charges a pre-termination or break-funding fee for exiting your loan before the fixed period ends. These fees vary and can sometimes offset short-term savings, so it's worth calculating the full picture. Nook can help you assess whether the timing makes financial sense for your specific situation.
Typically you'll need your latest Statement of Account from PNB, proof of income (payslips or ITR for the past two years), a copy of your Transfer Certificate of Title (TCT), and a recent tax declaration for the property. Your Nook advisor will give you a complete checklist tailored to the lender you're applying with. The goal is to make the document process as straightforward as possible.
The rates referenced here are approximate figures based on publicly available information and general market knowledge — they are not sourced directly from PNB and may not reflect current promotional offers or your specific loan tier. Rates are subject to change at any time, and your actual existing rate will be shown on your PNB Statement of Account. We recommend verifying your current rate directly with PNB before making any decisions.
Nook's service is 100% free for borrowers — there are no broker fees, consultation fees, or hidden charges on our end. You will still need to budget for standard third-party refinancing costs such as appraisal fees, registration fees, and documentary stamp tax, which are standard across all Philippine home loan refinances. Your Nook advisor will walk you through the full cost breakdown before you commit to anything.
From application to loan release, refinancing in the Philippines typically takes between 30 to 60 days depending on how quickly documents are submitted and how fast the receiving bank processes the application. Nook helps keep the process moving by coordinating between you and the lender at every stage. Submitting complete documents upfront is the single biggest factor in reducing turnaround time.
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