If you have a PSBank home loan, you could be paying thousands more per month than necessary. Nook helps you refinance to rates as low as 5.99% p.a. — completely free.
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Why this matters
PSBank (Philippine Savings Bank) is a well-known consumer lender under the Metrobank Group, and many Filipino homeowners have long-standing home loans with them. However, like most traditional banks, PSBank's published home loan rates — typically ranging from 7% to 10% depending on the fixing period — may no longer be the most competitive option available in the market today. If your loan was taken out a few years ago or is currently on a floating rate, there is a strong chance you are paying significantly more than you need to. Note: PSBank rates shown are approximate figures based on publicly available information and are subject to change. Please verify current rates directly with PSBank.
Refinancing your PSBank home loan through Nook gives you access to verified, competitive rates from multiple partner banks — all in one place, with zero broker fees. On a 3,000,000 peso loan with a 20-year remaining term, switching from a rate of around 8.50% to Nook's best available rate of 5.99% p.a. could reduce your monthly payment by over 4,850 pesos. That adds up to more than 873,000 pesos in total interest savings over the life of your loan. You can explore your options further on our PSBank home loan refinance comparison page to see how alternative lenders stack up.
The refinancing process can feel daunting, but Nook makes it straightforward. Our mortgage specialists handle the legwork — from identifying the best rate match for your profile to coordinating with lenders on your behalf. Whether your PSBank loan is for a house and lot, a condominium, or a townhouse, Nook can help you find a better deal. If you are ready to take the next step, visit our PSBank housing loan refinance guide or simply apply through Nook today to get a personalised assessment at no cost to you. Interest rates are subject to change and all borrowers should verify current rates before making any financial decisions.
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
A good benchmark is to compare your current rate against the best rates available in the market today — Nook's partner banks currently offer rates starting from 5.99% p.a. If your PSBank loan is sitting at 8% or higher, you are likely paying significantly more than you need to. Nook can give you a free personalised comparison in minutes.
Refinancing to a new lender involves some paperwork, but Nook manages the entire process on your behalf at no charge. The new lender typically pays off your PSBank loan directly, and you simply begin repayments with your new bank at the lower rate. Most refinances are completed within 30 to 60 days.
Some home loans carry early settlement or pre-payment penalty clauses, particularly within a fixed-rate period. You should check your PSBank loan agreement for any such fees before proceeding. Nook's advisors can help you weigh these costs against your projected savings to confirm that refinancing still makes financial sense.
Nook works with borrowers refinancing loans typically between 1,500,000 and 10,000,000 pesos, covering house and lot, condominium, and townhouse properties across the Philippines. Eligibility will depend on your remaining loan balance, property valuation, and credit profile, which Nook will assess for free during your application.
The PSBank rates referenced on this page are approximate figures based on publicly available information and general market knowledge — they are intended as a realistic comparison point, not a guaranteed quote. Actual PSBank rates vary by fixing period, loan amount, and borrower profile, so we recommend verifying directly with PSBank. The 5.99% p.a. rate shown for Nook partner banks reflects the best currently available verified rate, which is also subject to change.
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