Thousands of Filipino homeowners are still paying 7% or more on their PSBank home loans. With Nook, you can compare refinancing options and potentially switch to rates as low as 5.99% p.a. — for free.
ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
PSBank, the thrift banking arm of the Metrobank Group, offers home loans to Filipino borrowers — but like many banks, their standard housing loan rates can sit between 7.5% and 9.5% depending on the fixing period and when you originally took out your loan. If you've been repaying for a few years without revisiting your rate, there's a strong chance you're paying significantly more than you need to. Rates shown here are approximate, based on publicly available information, and are subject to change — always verify the latest figures directly with PSBank or through a licensed broker.
Refinancing your PSBank housing loan means replacing your existing loan with a new one from a different lender — ideally at a lower interest rate. For a 3,000,000 peso loan with roughly 20 years remaining, even shaving 2 percentage points off your rate can translate to savings of tens of thousands of pesos every year. Nook works with a network of partner banks who offer verified, competitive rates, and our team handles the paperwork and bank coordination on your behalf — completely free of charge to you as the borrower.
The refinancing process in the Philippines typically takes 4 to 8 weeks and involves document submission, property appraisal, and credit evaluation. While there are costs to consider — such as bank processing fees, notarial fees, and documentary stamp tax — the long-term savings from a lower rate almost always outweigh the upfront switching costs for most borrowers. If you're unsure whether it's worth it for your specific situation, Nook can run the numbers for you at no obligation. You can also compare better alternative rates to your PSBank home loan to see how different banks stack up before making any 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 refinance your PSBank home loan to any bank or lending institution that offers home loan refinancing in the Philippines. This is sometimes called a bank transfer or loan take-out. Nook works with multiple partner banks and can help you identify which lender is most likely to approve your application and offer the best rate for your situation.
Through Nook's partner banks, the best available refinancing rate is currently 5.99% p.a., though the rate you qualify for will depend on factors like loan amount, remaining term, property type, and your credit profile. PSBank's standard housing loan rates are generally in the 7.5%–9.5% range for typical fixing periods, though these figures are approximate and subject to change — always confirm current rates directly. The gap between what you're paying now and what's available could represent substantial monthly savings.
Nook's service is completely free to borrowers — we are compensated by the receiving bank, not by you. However, there are third-party costs involved in any Philippine home loan refinancing, including bank processing fees, property appraisal fees, notarial and registration charges, and documentary stamp tax. These typically range from 1% to 2% of the loan amount, and Nook will walk you through a full cost-benefit analysis before you commit to anything.
The refinancing process in the Philippines typically takes between 4 and 8 weeks from document submission to loan release, though this can vary depending on the receiving bank's processing times and how quickly your property appraisal is completed. Nook coordinates directly with the banks on your behalf to keep the process moving, reducing the back-and-forth that often slows things down when borrowers apply on their own.
PSBank, like most Philippine banks, may charge an early settlement or prepayment penalty if you pay off your loan before the end of your fixed-rate period. The amount varies and is typically outlined in your original loan agreement, so it's worth reviewing your contract or calling PSBank directly to confirm the figure. Nook can help you factor this into your total refinancing cost calculation to make sure switching banks still makes financial sense for you.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →