Thousands of Filipino homeowners are still paying rates above 8% on their PSBank home loans. Nook can help you refinance to as low as 5.99% p.a. — for free.
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Why this matters
PSBank (Philippine Savings Bank) offers home loans to Filipinos looking to purchase or build a property, but like many local banks, their standard mortgage rates can climb well above 8% once your initial fixed-rate period ends. If you took out your PSBank housing loan a few years ago and haven't revisited your rate since, there's a strong chance you're paying significantly more than you need to. The good news is that refinancing is a straightforward way to reset your rate — and your savings.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We work with a network of partner banks to find you the most competitive refinance rate available today. Rather than walking into a single bank and accepting whatever rate they offer, Nook compares multiple lenders on your behalf so you can make a confident, informed decision. If you're considering your options, take a look at our guide to comparing PSBank home loan refinance alternatives to understand what better rates could look like for your situation.
It's worth noting that the PSBank rates referenced on this page are approximate figures based on publicly available information and are subject to change — always verify the current rate directly with PSBank or your loan statement. What we can confirm is that Nook partner banks are currently offering verified refinance rates starting at 5.99% p.a. If you'd like to explore switching from PSBank to better rates and terms, Nook makes the process simple, transparent, and completely free to you as the borrower.
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 are not locked into PSBank for the life of your loan. Refinancing allows you to move your outstanding balance to a new lender offering a lower interest rate or better terms. Nook works with multiple Philippine banks and can help you identify the best refinance offer available for your loan size and remaining term.
PSBank's home loan rates vary depending on the fixing period, loan amount, and your profile as a borrower. Based on publicly available information, standard rates typically fall in the 7% to 10% range, but these figures are approximate and subject to change — you should check your latest loan statement or contact PSBank directly for your exact current rate.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current PSBank loan and the new refinance rate. On a 3,000,000 peso loan with a 20-year term, moving from 8.50% to 5.99% could save you over 3,900 pesos every month. Use Nook's free assessment to get a savings estimate tailored to your specific loan.
No — Nook's service is 100% free for borrowers. Nook earns a referral fee from the receiving bank when your refinance is successfully completed, which means you get expert mortgage guidance and rate comparisons at zero cost to you. There are no hidden charges or obligations to proceed.
The refinancing timeline in the Philippines typically ranges from 4 to 8 weeks, depending on the bank, your documentation, and property appraisal requirements. Nook helps streamline the process by guiding you through each step and liaising with the receiving bank on your behalf, reducing delays and paperwork confusion.
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