If you have an existing PNB housing loan, you could be paying significantly more than necessary. Refinancing through Nook could save you over 4,850 pesos every single month — and our service is completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
PNB (Philippine National Bank) is one of the country's major home loan providers, and many Filipino homeowners took out their mortgages with PNB years ago when rates were higher. If your loan is already a few years old, the interest rate you locked in then — often between 7.5% and 9% per annum — may be considerably higher than what's available in today's market. Refinancing your PNB housing loan means replacing your current mortgage with a new one at a lower rate, which directly reduces your monthly repayment and frees up real cash every month.
Through Nook, the Philippines' first digital mortgage broker, you can compare verified rates from multiple partner banks side by side — without making a single phone call or visiting a branch. Our partner banks offer rates starting as low as 5.99% p.a., which represents a significant drop from the typical PNB variable rates that many borrowers are currently paying. To understand how your current PNB housing loan interest rate compares to today's best available rates, Nook's specialists can pull together a full comparison at no cost to you.
The refinancing process can feel daunting, but Nook handles the paperwork, bank coordination, and rate negotiation on your behalf. There are no broker fees — Nook is compensated by the bank you ultimately choose, not by you. All rates shown on this page are approximate and based on publicly available information; actual rates are subject to change and will depend on your loan profile, remaining term, and the bank's current offerings. We always recommend verifying the latest rates directly before making any decision.
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, absolutely. Refinancing to a different bank — sometimes called a loan takeover — is a common and straightforward process in the Philippines. You simply apply for a new home loan with another bank, which pays off your PNB balance and takes over as your new lender, ideally at a lower interest rate.
PNB's home loan rates are variable and change periodically, but based on publicly available information, standard rates typically range from around 7.5% to 9% per annum for re-pricing periods of one to three years. These rates are approximate and subject to change, so we strongly recommend verifying the current rate directly with PNB or checking your latest loan statement.
Savings depend on your outstanding balance, remaining loan term, and the rate difference between your current PNB loan and your new rate. For a 3,000,000 peso loan with around 20 years remaining, switching from 8.5% to 5.99% could save you over 3,000 pesos per month and more than 500,000 pesos over the life of the loan. Use Nook's free calculator to get a personalised estimate.
PNB may charge an early repayment or pre-termination fee if your loan is still within a fixed-rate lock-in period, typically the first one to three years. Before proceeding, check your loan agreement or contact PNB directly to confirm whether any penalties apply. In many cases, the long-term savings from refinancing more than offset any one-time exit fees.
Nook is a digital mortgage broker that compares home loan offers from multiple Philippine banks on your behalf, handles your application, and guides you through the entire process. The service is 100% free to borrowers — Nook earns a referral fee from the bank you choose, so there is no cost, hidden charge, or obligation on your end whatsoever.
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