If you have a PSBank home loan, you could be paying a rate between 7% and 9%—refinancing through Nook's partner banks could drop that to as low as 5.99% p.a., completely free of charge.
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Why this matters
Philippine Savings Bank (PSBank) is a trusted name in consumer lending, and many Filipino homeowners took out their home loans there when rates seemed competitive. However, as market conditions shift and new lenders enter the space, the rate you locked in two, three, or five years ago may no longer be the best available. Based on publicly available information, PSBank home loan rates have typically ranged between 7% and 9% p.a. depending on the fixing period and your loan profile—though these figures are approximate and subject to change. If your current rate sits anywhere in that range, refinancing deserves a serious look.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. We work with a panel of verified partner banks to find you a lower rate, handle the paperwork, and guide you through every step of the switch. On a ₱3,000,000 balance with a 20-year remaining term, moving from 8.50% to 5.99% translates to meaningful savings every single month—money that stays in your pocket rather than going to interest. You can explore how the numbers work for PSBank borrowers on our dedicated PSBank home loan refinance page.
The refinancing process can feel daunting, but it doesn't have to be. Nook's platform lets you compare real, verified offers from partner banks side by side, so you never have to guess whether you're getting a fair deal. Note that all interest rates—including those offered through Nook's partner banks—are subject to change and depend on your individual credit profile, property valuation, and loan-to-value ratio. We always recommend verifying current rates directly before making a final decision. If you want a broader comparison of what's available versus what PSBank currently offers, our PSBank home loan refinance rate comparison guide is a great starting point.
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
Based on publicly available information, PSBank home loan rates have generally ranged between 7% and 9% p.a., though exact rates vary by fixing period, loan amount, and borrower profile. These figures are approximate and subject to change, so we strongly recommend checking directly with PSBank for their latest published rates. If your current rate is above 6%, it's worth exploring whether refinancing could save you money.
Savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the new offer. For example, on a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% p.a. could save you over ₱4,000 per month. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
Refinancing involves some paperwork—property documents, proof of income, and a bank appraisal—but it is a well-established process that thousands of Filipino homeowners complete every year. Nook handles the coordination with your new lender and guides you through each requirement, making the process significantly smoother than going it alone. The key costs to factor in are transfer taxes, notarial fees, and any early settlement charges from PSBank.
PSBank, like most Philippine banks, may charge a pre-termination or early settlement fee if you pay off your home loan ahead of schedule—this is typically a percentage of the outstanding balance. The exact terms depend on your loan contract, so review your agreement or contact PSBank directly to confirm any applicable charges. Nook can help you weigh these costs against your projected savings to determine whether refinancing still makes financial sense.
Nook is a digital mortgage broker that matches you with verified partner banks offering competitive refinance rates—and yes, the service is completely free for borrowers. Nook earns a referral fee from the lending bank only when a loan is successfully settled, meaning there is no cost to you at any stage of the process. You can submit your details online, receive rate comparisons, and have a Nook specialist walk you through your options without any obligation.
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