Many PSBank home loan borrowers are paying 8% or more — refinancing through Nook could drop your rate to as low as 5.99% p.a. with zero broker fees.
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Why this matters
Philippine Savings Bank (PSBank) is a well-known provider of home loans in the Philippines, and many Filipinos have financed their homes through them over the years. However, if you took out your PSBank home loan several years ago, there's a strong chance your current interest rate no longer reflects what's available in today's market. PSBank's standard home loan rates are generally estimated to fall in the 7% to 10% range, depending on the fixing period and your loan profile — but please note these are approximate figures based on publicly available information and are subject to change. Always verify the latest rates directly with PSBank before making any decisions.
Refinancing means replacing your existing loan with a new one at a lower interest rate, ideally from a lender offering more competitive terms. Through Nook — the Philippines' first digital mortgage broker — you can compare verified rates from multiple partner banks in one place, completely free of charge. If your current PSBank rate is above 7%, you could potentially save tens of thousands of pesos every year just by switching. Our team handles the heavy lifting, from paperwork to bank coordination, so you don't have to navigate the process alone. You can also explore how PSBank home loan rates compare to better alternatives available through Nook's partner banks.
It's worth noting that Nook works with a curated network of partner banks whose rates and terms we verify directly. While PSBank is not currently a Nook partner bank, that actually works in your favour — it means Nook can objectively show you what competing lenders are offering and help you make a genuinely informed decision. If you're unsure whether refinancing makes sense for your situation, our advisors can walk you through a free assessment. Many borrowers who refinance away from PSBank find they recoup any switching costs within the first year of lower repayments.
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
PSBank's home loan rates are generally estimated to range between 7% and 10% per annum depending on the loan amount, fixing period, and borrower profile, based on publicly available information. These figures are approximate and subject to change, so we strongly recommend contacting PSBank directly or visiting their website for the most current rates. For comparison, Nook's partner banks currently offer rates starting from 5.99% p.a.
Yes — even though PSBank is not currently a Nook partner bank, you can absolutely refinance away from PSBank to one of Nook's partner banks. Nook acts as your free broker, connecting you with verified lenders offering competitive rates and handling the process on your behalf. Many PSBank borrowers have successfully switched to lower-rate loans through Nook's network.
Savings depend on your remaining loan balance, current interest rate, and the new rate you qualify for. For example, on a 3,000,000 peso loan with 20 years remaining, moving from an 8.50% rate to 5.99% could save you over 4,500 pesos per month and more than 800,000 pesos over the life of the loan. Use Nook's free calculator or speak to an advisor for a personalised estimate based on your actual figures.
Standard refinancing requirements typically include your most recent loan statement from PSBank, proof of income (payslips or ITR), a copy of the property title (TCT or CCT), and valid government-issued ID. Nook's team will guide you through the exact requirements for your chosen lender and help you prepare your documents correctly from the start, reducing delays.
No — Nook's service is 100% free to borrowers. You pay nothing for the consultation, rate comparison, or loan processing assistance. Nook earns a referral fee from the partner bank once your loan is successfully released, which means there is no conflict of interest and no hidden charges passed on to you.
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