PNB home loan borrowers could be paying rates well above today's best available options. Switching through Nook takes minutes and could save you over 58,000 pesos every year.
ESTIMATED ANNUAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Philippine National Bank (PNB) is one of the country's largest and most established lenders, and many Filipinos took out their home loans with PNB years ago when refinancing options were limited or poorly understood. Today, the landscape has changed dramatically. If you're currently on a standard PNB housing loan rate — which publicly available information suggests typically ranges from 7% to 10% depending on your fixing period and loan vintage — there's a strong chance you're paying significantly more than you need to. Rates shown here are approximate and based on publicly available information; always verify current rates directly with PNB. For a deeper look at how PNB's rates compare across fixing periods, see our PNB housing loan interest rate guide.
Refinancing your PNB home loan through Nook means your application is matched against verified offers from multiple partner banks — all competing for your business. Unlike going directly to a single bank, Nook's free broker service gives you a transparent side-by-side comparison so you can see exactly how much you'd save before committing to anything. With the best refinance rate currently available through Nook at 5.99% p.a., borrowers on higher legacy rates have a genuine opportunity to reduce their monthly obligations and free up meaningful cash every month. Nook's service is completely free to borrowers — lenders pay the referral fee, not you.
The process is straightforward: submit your details once, Nook does the legwork across its panel of partner banks, and you receive qualified offers without needing to walk into multiple branches or repeat the same paperwork. If you're already thinking about this, our PNB housing loan refinance Philippines guide walks through eligibility, documents required, and what to expect at each stage. Interest rates are subject to change — all figures on this page are illustrative and based on a 3,000,000 peso loan with a 20-year remaining term. Your actual savings will depend on your outstanding balance, current rate, and the offer you qualify for.
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, you can refinance your PNB housing loan with any accredited bank or lender in the Philippines — you are not locked in once your loan is active. The new lender pays out your remaining PNB balance, and you begin repayments under the new terms. Nook can match you with multiple partner banks simultaneously so you can compare real offers before deciding.
Savings depend on your outstanding balance, remaining term, and the rate you're currently on versus what you qualify for. A borrower with a 3,000,000 peso loan at 8.50% refinancing to 5.99% on a 20-year term could save over 36,000 pesos per year. Use Nook's free quote tool to get a personalised estimate based on your actual figures.
Typically you'll need a government-issued ID, proof of income (latest payslips or ITR for the past two years), your PNB loan statement of account, and the title or condominium certificate of title for the property. Employed and self-employed applicants have slightly different income document requirements. Nook will guide you through the exact checklist once you start your application.
Yes — Nook charges borrowers nothing. Nook earns a referral fee from the bank when a loan is successfully processed, which means you get full broker support, rate comparisons, and application assistance at no cost to you. There are standard third-party costs involved in any refinancing (like appraisal fees and documentary stamp tax), but Nook's own service fee is zero.
Refinancing timelines in the Philippines typically range from four to eight weeks from application to loan release, depending on how quickly documents are submitted and the new bank's processing speed. Working with a broker like Nook can help avoid delays because your file is prepared correctly from the start. Nook's team will keep you updated at every stage so there are no surprises.
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