PSBank home loan rates typically run between 7% and 9% per annum — refinancing through Nook could drop your rate to as low as 5.99% p.a. and save you thousands every month.
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Why this matters
Philippine Savings Bank (PSBank) is one of the more recognisable names in retail banking, and many Filipino homeowners took out their home loans there years ago. But holding on to an older PSBank home loan without reviewing your rate can be costly. Based on publicly available information, PSBank's standard home loan rates typically range from around 7% to 9% per annum depending on the fixing period — rates that may have made sense when you first signed, but look very different today compared to what Nook's partner banks are currently offering. Note that PSBank rates are approximate, subject to change, and you should verify the latest figures directly with the bank.
Refinancing simply means transferring your outstanding loan balance to a new lender that offers a lower interest rate. On a 3,000,000-peso loan with 20 years remaining, even shaving 2 to 3 percentage points off your rate can translate to over 4,000 pesos in monthly savings — money that stays in your pocket instead of going to interest. If you're curious about the full picture, our PSBank home loan refinance comparison guide walks through how alternative rates stack up against typical PSBank pricing in detail.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work with multiple partner banks to find you verified, competitive rates — no guesswork, no cold-calling multiple banks yourself. The process is handled online, and our team guides you through every document and requirement. If you want to explore your options before committing to anything, our PSBank housing loan refinance overview is a good place to start. All rates shown on this page are subject to change and final rates will depend on your loan profile and lender assessment.
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 — any homeowner with an existing home loan, including one from PSBank, can apply to transfer their outstanding balance to a different lender. This is a standard process in the Philippine banking industry and PSBank borrowers do it regularly. Nook can help you compare offers from multiple partner banks and handle the paperwork at no cost to you.
Based on publicly available information, PSBank's standard home loan rates have generally ranged between 7% and 9% per annum, though the exact rate depends on your fixing period and loan profile. Because rates change frequently, we recommend checking your most recent PSBank statement for your current rate, then using that figure when calculating potential savings. Nook's lowest available refinance rate is currently 5.99% p.a.
Nook's brokerage service is 100% free to the borrower — we are compensated by the receiving bank, not by you. There are standard third-party costs involved in any refinance, such as documentary stamp tax, notarial fees, and transfer or registration fees, which typically amount to 1% to 2% of the loan amount. Your Nook advisor will give you a clear breakdown before you commit to anything.
The core requirements for a refinance application in the Philippines are your valid government-issued ID, proof of income (payslips or ITR for employed borrowers, audited financials for self-employed), your existing PSBank loan statement or mortgage documents, and the Transfer Certificate of Title (TCT) for your property. Nook will give you a complete checklist tailored to your situation once you submit an enquiry.
A typical home loan refinance in the Philippines takes between 30 and 60 days from submission of complete documents to loan release, though this can vary depending on the receiving bank and the completeness of your paperwork. Nook's team actively follows up with the bank on your behalf to keep things moving as efficiently as possible. Starting early — especially if your PSBank loan's fixed-rate period is about to reprice — is always advisable.
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