PSBank home loan borrowers are switching to rates as low as 5.99% p.a. through Nook — a free service that connects you with verified partner banks offering better terms than you may currently have.
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Why this matters
PSBank (Philippine Savings Bank) offers home loans to Filipino borrowers, and many existing PSBank mortgage holders are currently locked into rates ranging from 7.5% to 10% or higher — particularly those who took out their loans several years ago when fixed-rate repricing periods were less competitive. If your loan is now on a floating or repriced rate, there is a strong chance you are paying significantly more than the market's best available rates in 2026. It is important to note that the rates shown on this page are approximate, based on publicly available information, and are subject to change — always verify directly with PSBank or a licensed broker for your specific loan details.
Refinancing your PSBank home loan means replacing your existing mortgage with a new loan from a different lender, ideally at a lower interest rate. Through Nook, the Philippines' first digital mortgage broker, you can compare better alternative rates from multiple verified partner banks — all in one place, at no cost to you. Nook handles the rate shopping, paperwork coordination, and bank negotiations on your behalf, so you do not need to approach each bank individually. The best refinance rate currently available through Nook's partner banks is 5.99% p.a., which on a 3,000,000 peso loan with 20 years remaining can translate to savings of thousands of pesos every single month.
Before deciding to refinance, it is worth understanding what fees may apply, including any pre-termination penalties from PSBank and standard documentary fees from your new lender. Nook's advisors will walk you through a full cost-benefit analysis so you can make a fully informed decision. If you are unsure whether switching makes sense for your situation, you can also explore our broader PSBank housing loan refinance guide for a detailed breakdown of the process, timelines, and what to expect at each stage. Interest rates are subject to change — all figures shown are illustrative and based on rates available at the time of publication.
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
Yes, you can refinance your PSBank mortgage with another bank in the Philippines as long as your loan is in good standing and meets the new lender's eligibility requirements. The process involves the new bank paying off your PSBank balance and issuing you a new loan at a lower interest rate. Nook can help you identify which partner banks are most likely to approve your application and offer the best terms.
PSBank may charge a pre-termination or early settlement fee if you pay off your loan before the end of a fixed-rate period — this is common across most Philippine banks. The exact amount depends on your loan contract, so review your mortgage agreement or contact PSBank directly to confirm any applicable charges. Nook's advisors can help you factor these costs into your savings calculation to ensure refinancing still makes financial sense.
The rates shown are approximate figures based on publicly available information about PSBank home loan products and are intended for illustrative purposes only. PSBank is not a Nook partner bank, so we do not have access to their live or verified rate tiers. Always confirm your current interest rate directly with PSBank, and use Nook to compare what verified partner banks can offer you today.
The refinancing process in the Philippines typically takes between 30 and 60 business days from application to loan release, depending on how quickly documents are submitted and processed. Nook streamlines this by guiding you through each step and coordinating directly with the receiving bank on your behalf. Starting early and having your documents ready — such as your PSBank loan statement, title, and income documents — can significantly speed up the process.
Yes, Nook's service is completely free for borrowers — there are no broker fees or advisory charges at any stage of the process. Nook earns a referral fee from partner banks upon successful loan release, which means you receive independent guidance without any out-of-pocket cost. This makes it risk-free to find out whether you could be saving thousands of pesos a month by switching from your current PSBank rate.
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