Many PSBank housing loan borrowers are paying rates of 8% or higher — refinancing through Nook could unlock rates as low as 5.99% p.a. and save you tens of thousands every year.
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Why this matters
PSBank, the thrift banking arm of the Metrobank Group, offers housing loans to Filipino homeowners — but like many Philippine banks, their standard rates can climb between 7% and 10% depending on your loan tenure, fixing period, and when you originally took out your loan. If you've been with PSBank for several years, there's a strong chance your current rate no longer reflects what's available in today's market. Refinancing your PSBank housing loan means replacing your existing mortgage with a new loan at a lower interest rate, reducing your monthly amortisation and freeing up real cash every month.
Through Nook — the Philippines' first digital mortgage broker — you can compare verified offers from multiple partner banks in one place, without paying a single peso in broker fees. Rather than spending weeks calling individual banks and submitting separate applications, Nook streamlines the entire process and matches you with lenders offering the most competitive rates for your profile. The rates shown here are illustrative estimates based on publicly available PSBank information and are subject to change; your actual savings will depend on your outstanding balance, remaining term, and the lender you switch to. We always recommend verifying current rates directly before making any decision.
Refinancing is not just about the rate — it's also about terms, flexibility, and service. When you compare PSBank against alternative lenders, you may find that Nook partner banks offer not only lower rates but also longer fixing periods and faster processing times. If your loan is at least one year old and your property has maintained its value, you're likely eligible to start a refinancing application today. The entire process through Nook is free for borrowers, and there's no obligation to proceed until you're satisfied with the offer.
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 with any accredited bank or lender in the Philippines. The process involves your new lender paying off your existing PSBank balance and issuing you a fresh loan at a lower rate. Nook can help you find and apply with a partner bank that offers better terms than your current PSBank loan.
PSBank's housing loan rates are typically in the range of 7% to 10% per annum for standard fixing periods, based on publicly available information — but these rates are subject to change and may vary depending on your loan amount, term, and credit profile. We strongly recommend contacting PSBank directly or speaking with a Nook advisor to confirm the rate applicable to your specific loan before making any refinancing decision.
Based on a 3,000,000 peso loan with 20 years remaining, switching from an estimated rate of 8.50% to Nook's best available rate of 5.99% p.a. could reduce your monthly payment by over 4,000 pesos. Over the life of the loan, that adds up to hundreds of thousands of pesos in savings — though your actual figures will depend on your outstanding balance and the rate you qualify for.
PSBank, like most Philippine banks, may charge an early redemption or pre-termination fee if you refinance within a fixed-rate period or within the first few years of your loan. It's important to check your loan documents or call PSBank directly to confirm any applicable charges. A Nook advisor can help you factor these costs into your refinancing calculation so you know your true net savings.
The refinancing process in the Philippines typically takes four to eight weeks from application to loan release, depending on the lender and how quickly documents are submitted. Nook's service is 100% free for borrowers — we are compensated by the lender, not by you, so there are no broker fees, hidden charges, or obligations until you choose to proceed with an offer.
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