Thousands of Filipino homeowners with PSBank home loans are paying more than they need to. Switching to a lower rate through Nook's partner banks could save you over 58,000 pesos every year — and our service is completely free.
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Why this matters
PSBank (Philippine Savings Bank), a Metrobank subsidiary, offers home loan products to Filipino borrowers — but like many traditional banks, their standard rates typically fall in the 7% to 10% range depending on the fixing period and your loan profile. If you took out your PSBank home loan a few years ago and haven't reviewed your rate recently, there's a strong chance you're paying significantly more than today's best available rates. Based on publicly available information, PSBank's standard home loan rates are approximate and subject to change, so it's worth comparing your current terms against what Nook's partner banks can offer you today.
Refinancing your PSBank home loan means replacing your existing loan with a new one from a lender offering a lower interest rate. On a 3,000,000 peso balance with roughly 20 years remaining, the difference between an 8.50% rate and Nook's best available rate of 5.99% p.a. translates to thousands of pesos in monthly savings. Over the life of your loan, that gap compounds into a substantial amount — money that stays in your pocket instead of going to the bank. If you're exploring your options, our PSBank home loan refinance comparison guide walks through exactly how this process works.
Nook is the Philippines' first digital mortgage broker, and our refinancing service is 100% free to borrowers. We work with a panel of verified partner banks to find you competitive rates without the legwork of approaching each lender individually. There are no hidden fees, no pressure, and no obligation — just clear, unbiased guidance. If you're ready to see what you could save, start your PSBank home loan refinance with Nook today. Note that all rates mentioned are indicative, subject to change, and dependent on your individual loan profile and lender approval.
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 rule of thumb is that refinancing makes sense if you can reduce your interest rate by at least 1 to 1.5 percentage points and you have enough years remaining on your loan to recover any switching costs. On a 3,000,000 peso loan with 20 years left, even a modest rate reduction can mean tens of thousands of pesos in annual savings. Nook can help you run the numbers for your specific situation at no cost.
PSBank's published home loan rates are typically in the 7% to 10% range depending on the loan amount, fixing period, and your borrower profile — but these figures are approximate, based on publicly available information, and subject to change without notice. We always recommend contacting PSBank directly or speaking with a Nook advisor to get the most current rates before making any decisions.
Yes, you can refinance a PSBank home loan at any stage, though it's most beneficial when you have a significant remaining balance and term — typically 10 years or more. Keep in mind that PSBank may charge prepayment or early termination fees, which you should factor into your total savings calculation. Nook's advisors can help you determine if the numbers still work in your favour after accounting for these costs.
The refinancing process in the Philippines typically takes between 30 and 60 days from application to loan release, depending on how quickly documents are submitted and how fast the new lender processes them. Nook helps streamline this by guiding you through each step and liaising with partner banks on your behalf. Having your documents ready early — including your title, tax declaration, and income documents — can significantly speed things up.
Yes, Nook's service is completely free for borrowers. As a mortgage broker, Nook is compensated by the lending partner bank when a loan is successfully placed — meaning you get expert guidance, rate comparisons, and application support without paying a single peso in broker fees. There are no hidden charges and no obligation to proceed after your initial consultation.
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