Homeowners refinancing away from PSBank are saving over 4,800 pesos every month by switching to a Nook partner bank at 5.99% p.a. — and the service is completely free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
PSBank (Philippine Savings Bank) offers home loan products to Filipino borrowers, but like many traditional banks, their standard mortgage rates typically fall in the 7% to 10% range depending on your loan tenure, fixing period, and credit profile. These rates are approximate figures based on publicly available information and are subject to change — always verify current rates directly with PSBank before making any decisions. If you took out your PSBank home 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.
Refinancing means replacing your existing PSBank mortgage with a new loan from a lender offering better terms. Through Nook, you can access verified rates from multiple partner banks — currently as low as 5.99% p.a. — and compare your options side by side without any broker fee. On a 3,000,000 peso loan with 20 years remaining, moving from a rate of 8.50% to 5.99% translates to meaningful savings each month that add up to hundreds of thousands of pesos over the life of your loan. If you're exploring your options, you can also read more about how PSBank home loan rates compare to better alternatives currently available in the market.
The refinancing process can feel daunting, but Nook was built specifically to make it straightforward for Filipino homeowners. We handle the rate comparisons, bank introductions, and paperwork coordination — at zero cost to you. Whether your goal is to lower your monthly payment, shorten your loan term, or simply stop overpaying, refinancing your PSBank home loan through Nook is worth exploring before your next fixing period renewal. Note that all interest rates mentioned are indicative and subject to change based on bank policies and market conditions.
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 simple benchmark is to compare your current rate against what's available in the market today. If you're paying 8% or above and your loan still has 10 or more years remaining, you're likely a strong candidate for refinancing. Nook can show you current verified rates from partner banks in minutes, for free.
You'll typically need your most recent PSBank loan statement, proof of income (payslips or ITR), a copy of your title (TCT or CCT), and valid government-issued IDs. Nook will guide you through the exact requirements based on the partner bank you choose, so nothing falls through the cracks.
The rates referenced here are approximate figures based on publicly available information about PSBank's home loan products and are intended for illustrative purposes only. PSBank's actual rates may vary based on your loan amount, fixing period, and borrower profile — always confirm current rates directly with PSBank or speak with a Nook advisor for up-to-date comparisons.
The refinancing process in the Philippines typically takes 4 to 8 weeks from application to loan release, depending on the receiving bank and how quickly documents are submitted. Nook helps keep the process moving by coordinating between you and the bank, which significantly reduces delays and back-and-forth.
No — Nook's mortgage broker service is completely free for borrowers. Nook earns a referral fee from the bank when your loan is successfully processed, which means you get expert guidance, rate comparisons, and application support at absolutely no charge to you.
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