Thousands of Filipino homeowners with PSBank home loans are paying more than they need to. Nook helps you compare verified rates from top Philippine banks — for free — so you can find out if refinancing makes sense for you.
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Why this matters
PSBank (Philippine Savings Bank) is a well-known thrift bank in the Philippines and a subsidiary of Metrobank Group. While PSBank offers home loan products to Filipino borrowers, publicly available information suggests their standard home loan rates typically fall in the 7.50% to 10% range depending on loan term and repricing period — rates that are approximate, subject to change, and which borrowers should verify directly with the bank. If you took out your PSBank home loan a few years ago, there is a strong chance your current rate is meaningfully higher than what is available through Nook's partner banks today.
Refinancing your PSBank home loan means replacing your existing loan with a new one from a different lender, ideally at a lower interest rate. On a 3,000,000-peso loan with 20 years remaining, even shaving 2 to 3 percentage points off your rate can translate to tens of thousands of pesos saved every year. Nook works with multiple accredited partner banks to source the best verified refinance rates available — currently as low as 5.99% p.a. — and the entire broker service is completely free to you as the borrower. If you are curious how PSBank stacks up against other options, you can explore our PSBank home loan refinance rate comparison for a broader look at what the market offers.
The refinancing process in the Philippines typically takes 4 to 8 weeks and involves submitting income documents, property papers, and a formal loan application to your chosen new lender. Nook guides you through every step — from initial rate comparison to loan release — removing the guesswork and the back-and-forth. Whether you are refinancing away from PSBank or considering PSBank as your destination lender, it pays to get a full picture of all your options first. Our team has helped hundreds of homeowners across the country make more informed decisions about their biggest financial commitment. Refinancing your PSBank housing loan does not have to be complicated when you have a dedicated mortgage broker in your corner.
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
The rates referenced on this page are approximate figures based on publicly available information about PSBank's standard home loan products. They are intended for illustrative purposes only and are subject to change without notice. We strongly recommend contacting PSBank directly or speaking with a Nook advisor to get current, verified rates before making any refinancing decision.
Savings depend on your outstanding loan balance, remaining term, and the rate difference between your current PSBank loan and your new lender's rate. On a 3,000,000-peso loan, moving from approximately 8.50% to 5.99% could save you over 3,900 pesos per month and more than 700,000 pesos over the life of the loan. Use Nook's free assessment to get a personalised savings estimate based on your actual figures.
Yes, Nook's mortgage broking service is 100% free to borrowers. Nook is compensated by the lending bank if and when your loan is successfully processed — you pay nothing for the comparison, advice, or application assistance. There are no hidden fees or obligations to proceed.
Typically you will need your latest PSBank loan statement, proof of income (payslips or ITR for the past two years), a copy of your Transfer Certificate of Title (TCT), a tax declaration, and valid government-issued ID. Your Nook advisor will provide a complete checklist tailored to your new lender's requirements so nothing is missed.
Yes, refinancing to PSBank is possible if their current rates and terms are competitive for your situation. However, because PSBank is not currently a Nook partner bank, we are unable to provide verified real-time rate quotes for them directly. Nook's partner banks offer confirmed rates and a streamlined, broker-supported process — we recommend comparing all options before deciding, and our advisors can help you weigh the trade-offs.
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