If you have a PSBank home loan, you could be paying thousands more per month than necessary. Nook connects you to partner banks offering rates as low as 5.99% p.a. — for free.
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Why this matters
PSBank, the thrift banking arm of Metrobank Group, offers home loans to Filipino borrowers — but like most banks, their standard mortgage rates typically fall in the 7% to 10% range depending on the fixing period and market conditions. If you took out your PSBank home loan a few years ago, there's a good chance your rate is no longer competitive. Rates shown here are approximate, based on publicly available information, and are subject to change — always verify the latest figures directly with PSBank or your broker. For a deeper look at how PSBank compares to other lenders, our PSBank vs Chinabank home loan rate comparison breaks down the differences in real terms.
Refinancing your home loan simply means replacing your existing mortgage with a new one at a lower interest rate — ideally with a different lender offering better terms. When you refinance a ₱3,000,000 loan from a rate of around 8.50% down to Nook's best available rate of 5.99% p.a., the monthly difference adds up fast. Over a 15-year remaining term, the total interest savings can exceed ₱700,000. That's money that stays in your pocket — for your family, your business, or your next investment. Nook's service is completely free to borrowers; we are compensated by partner banks, not by you.
The refinancing process in the Philippines can feel overwhelming — bank comparisons, document requirements, appraisals, legal fees — but Nook was built to simplify every step. Our digital platform lets you compare verified rates from multiple partner banks in one place, without the sales pressure or hidden fees. If you're curious how PSBank stacks up against a government lender, read our PSBank vs Landbank home loan rates comparison for a side-by-side breakdown. Ready to find out exactly how much you could save? Start with Nook today — it costs nothing to find out.
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 PSBank home loan with any bank that accepts take-out refinancing, which most major Philippine commercial banks do. The new lender pays off your existing PSBank balance and issues you a new loan at a lower rate. Nook helps you compare multiple partner banks at once so you can find the best deal without visiting each bank separately.
Nook's partner banks currently offer refinance rates starting at 5.99% p.a., though the exact rate you qualify for will depend on your loan amount, remaining term, property value, and credit profile. This is significantly lower than the 7–10% range that many PSBank borrowers are currently paying. Getting a personalised rate estimate through Nook is free and does not affect your credit score.
Nook's mortgage brokering service is 100% free to borrowers — we are paid by the partner bank, not by you. There are standard refinancing costs to be aware of, such as appraisal fees, documentary stamp tax, notarial fees, and registration costs, which typically range from 1–3% of the loan amount. Your Nook adviser will give you a full cost breakdown upfront so there are no surprises.
The typical home loan refinancing process in the Philippines takes between 30 to 60 working days from application to loan release, depending on the bank and completeness of your documents. Nook streamlines the process by guiding you through document preparation and liaising directly with the partner bank on your behalf. Starting early and having your documents ready can significantly reduce processing time.
Most PSBank home loans are eligible for refinancing as long as you have a clean payment history and sufficient equity in your property — lenders typically require a loan-to-value ratio of 80% or below. Your loan should also have been active for at least one year in most cases. Nook can assess your eligibility quickly and match you with the most suitable partner bank for your situation.
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