If you have a PSBank housing loan, you could be paying more than necessary. Nook helps you compare offers from multiple banks to find a lower rate and better terms — completely free.
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Why this matters
PSBank offers home loan products to Filipino borrowers, but like many traditional banks, their standard housing loan rates typically range between 7% and 10% depending on your loan term, fixing period, and credit profile. These rates are approximate figures based on publicly available information and are subject to change — always verify the current rate directly with PSBank before making any financial decisions. If your loan was taken out a few years ago, there is a strong chance you are locked into a rate that no longer reflects what is available in today's market.
Refinancing your PSBank housing loan means replacing your existing loan with a new one from a different lender at a lower interest rate. This can significantly reduce your monthly amortisation, free up cash for other expenses, or allow you to pay off your loan faster. Through Nook, the Philippines' first digital mortgage broker, you can explore PSBank housing loan refinance options and compare verified offers from multiple partner banks — all in one place, with no broker fees charged to you.
The process is straightforward: submit your loan details, receive tailored offers from Nook's network of partner banks, and choose the deal that works best for your situation. Nook's partner banks provide verified, up-to-date rate information so you always know exactly what you are getting. If you are ready to stop overpaying, compare better alternative rates for your PSBank home loan and see how much you could save today.
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 housing loan to any other bank willing to take over your outstanding balance. This is a common and perfectly legal process in the Philippines. Nook helps you compare offers from multiple banks simultaneously so you can find the best available rate for your specific loan amount and remaining term.
Through Nook's network of partner banks, the best refinance rate currently available is 5.99% per annum. The actual rate you qualify for will depend on your loan amount, remaining term, property value, and credit history. PSBank's current rates are approximately 7% to 10% based on publicly available information, though you should confirm this directly with PSBank as rates are subject to change.
Nook's service is 100% free for borrowers — there are no broker fees, no consultation charges, and no hidden costs for using the platform. Nook is compensated by the partner banks when a loan is successfully placed. You will still need to account for standard refinancing costs such as transfer fees, documentary stamp tax, and appraisal fees, which your new lender can detail for you.
The typical refinancing process in the Philippines takes between 30 and 60 days from application to loan release, though this can vary depending on the bank and the completeness of your documents. Nook helps streamline the process by guiding you through document preparation and coordinating with your chosen bank. Getting pre-qualified through Nook usually takes just a few minutes online.
Most banks require a minimum outstanding loan balance of around 500,000 to 1,000,000 pesos to make refinancing financially worthwhile, though specific minimums vary by lender. It also generally makes sense to refinance only if you have a significant portion of your loan term remaining — typically at least five years — so the savings from a lower rate outweigh the upfront costs of switching. Nook can help you assess whether refinancing makes sense for your specific situation.
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