If you have an existing PSBank home loan, you could be paying significantly more than necessary. Nook helps you compare refinancing offers from top Philippine banks — for free — so you can switch to a lower rate and keep more money in your pocket every month.
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Why this matters
PSBank (Philippine Savings Bank) offers home loans to Filipino borrowers, but like most banks, their standard rates — typically ranging from 7% to 10% per annum depending on your loan term and fixing period — may no longer be the most competitive option available in today's market. If your PSBank home loan was taken out more than a few years ago, there's a strong chance your interest rate has not kept pace with the more competitive offerings now available through Nook's panel of partner lenders. Rates shown here are approximate and based on publicly available information; actual rates may vary and are subject to change, so always verify directly with your lender.
Refinancing your PSBank home loan means transferring your outstanding balance to a new lender who offers a lower interest rate. Through Nook, eligible borrowers can access rates as low as 5.99% p.a. — a meaningful difference compared to standard bank rates. For a loan of 3,000,000 pesos with a 20-year remaining term, even a modest rate reduction can translate to savings of thousands of pesos every single month. If you want to understand the full picture before deciding, you can compare better alternative rates for PSBank home loans and see exactly what switching could mean for your finances.
The best part? Nook's refinancing service is completely free for borrowers. Our team of mortgage specialists handles the comparison, paperwork coordination, and lender communication on your behalf — so you don't have to navigate the process alone. Whether you're looking to reduce your monthly outgoings, shorten your loan term, or simply get a fairer deal, refinancing your PSBank housing loan through Nook is a straightforward first step. All interest rates are subject to change; we recommend verifying current offers before making any financial decisions.
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 transfer your outstanding PSBank home loan balance to another bank through a process called loan takeout or refinancing. Nook works with multiple Philippine banks and lenders to find you a competitive rate. The new lender pays off your existing PSBank loan, and you simply make repayments to them going forward at your new, lower rate.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current PSBank loan and the new offer. For a 3,000,000 peso loan, switching from a typical rate of 8.50% to 5.99% p.a. could save you over 3,000 pesos per month — more than 36,000 pesos annually. Use Nook's free assessment to get an estimate based on your specific situation.
PSBank's home loan rates generally fall in the 7% to 10% per annum range depending on the loan term, fixing period, and your borrower profile, based on publicly available information. However, rates change frequently and promotional offers may apply, so we strongly recommend verifying the current rate directly with PSBank or speaking with a Nook advisor who can compare it against offers from partner lenders.
The refinancing process typically takes four to eight weeks from application to loan release, depending on how quickly documents are submitted and the processing speed of your new lender. Nook's team guides you through every step — from gathering your PSBank loan documents to coordinating with the new bank — to help keep things moving as efficiently as possible.
No — Nook's mortgage brokering service is 100% free for borrowers. We are compensated by the lender when your loan is successfully placed, which means you receive professional refinancing guidance, rate comparisons across multiple banks, and full application support at no cost to you. There are no hidden fees on Nook's side, though standard bank processing and documentary stamp fees may still apply from your new lender.
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