You've done the hard work meeting PNB's housing loan requirements — now make sure you're not overpaying on your rate. Nook compares PNB against top Philippine banks for free.
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Why this matters
PNB (Philippine National Bank) is one of the country's oldest and most recognised home loan providers, offering fixed-rate packages typically ranging from 7% to 9% per annum depending on the fixing period, loan amount, and borrower profile. To qualify, applicants generally need to be between 21 and 65 years old at loan maturity, show a stable income source (whether employed, self-employed, or an OFW), and meet minimum gross monthly income thresholds — usually around 30% debt-to-income ratio. Required documents typically include a government-issued ID, proof of income (payslips, ITR, or remittance records for OFWs), a filled-out application form, and property documents such as a Transfer Certificate of Title (TCT) and tax declaration. For a full breakdown of what to prepare, see our complete PNB housing loan requirements and application guide.
Once you have your PNB loan in place — or if you're already mid-term on an existing PNB mortgage — it's worth asking whether your current rate is still competitive. Rates shown here are approximate figures based on publicly available information and are subject to change; always verify current rates directly with PNB. Many Filipino homeowners who took out loans at 8% to 10% several years ago are still paying those rates today, unaware that refinancing could significantly reduce their monthly obligation. On a 3,000,000 peso loan with 20 years remaining, moving from a rate of 8.50% to Nook's best available rate of 5.99% p.a. could save you over 3,000 pesos every single month.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with a panel of partner banks — including BDO, BPI, Security Bank, and others — to surface verified, competitive refinancing offers tailored to your profile. Rather than calling multiple banks yourself and comparing confusing rate sheets, Nook does the legwork in one streamlined process. If you're curious how PNB stacks up against other lenders before you apply or refinance, our PNB eligibility and documents guide is a great place to start. Note that all rates are subject to change and final approval depends on individual bank 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
Applicants must generally be Filipino citizens (or foreign nationals with special residency status) aged 21 to 65 years old at loan maturity, with a stable and verifiable source of income. This includes salaried employees, self-employed individuals, and OFWs, provided they can demonstrate sufficient income to meet the monthly amortisation. A minimum tenure of two years with your current employer or business is typically required, though exact criteria may vary — check directly with PNB for the most current standards.
Standard requirements include a completed application form, at least one valid government-issued ID, proof of income (such as the last three months' payslips and your latest ITR for employed applicants, or audited financial statements for self-employed), and property documents including the Transfer Certificate of Title, lot plan, tax declaration, and a copy of the Contract to Sell or Deed of Absolute Sale. OFWs will typically need to provide employment contracts and proof of remittance history. Always confirm the latest checklist with PNB directly, as requirements can be updated.
PNB's processing time for housing loan applications generally ranges from two to four weeks after complete documents have been submitted, though this can vary depending on the complexity of the application and the completeness of your requirements. Property appraisal is a key step that can affect timelines. To avoid delays, ensure all documents are complete and accurate before submission.
Based on publicly available information, PNB housing loan rates typically fall between 7% and 9% per annum depending on the fixing period (e.g., 1-year, 3-year, or 5-year fixed), loan amount, and the borrower's profile. These rates are approximate and subject to change — always request a formal loan quote from PNB for accurate, current figures. If you already have a PNB loan and want to know whether refinancing could give you a lower rate, Nook can compare options from multiple banks for free.
Yes — refinancing is a common strategy for homeowners who want to reduce their monthly payments, especially if their original loan was taken out when rates were higher. You can refinance your PNB loan through another bank, and Nook can help you identify which lender offers the best available rate for your situation at no cost to you. The best refinance rate currently available through Nook's partner banks is 5.99% p.a., which could mean significant monthly savings compared to a legacy PNB rate of 8% or more.
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