Compare Home-Loan Rates in the Philippines
How to compare home-loan rates across banks and Pag-IBIG the right way, what matters beyond the headline number, and an indicative, sourced rate table you can trust.
What’s the best way to compare home-loan rates across banks in the Philippines?
Compare like with like: look at each lender’s rate for the same fixing period, then look past the headline rate to the all-in cost — fees, the mandatory insurance, and what the rate reprices to after the fixed period. The fastest way is to have a mortgage broker compare many banks at once: Nook compares 20+ lenders and Pag-IBIG in a single application and matches you to the best-fit rate for your income and property, for free.
Rate-shopping a home loan in the Philippines is harder than it looks. Every bank quotes differently, promos come and go, and the lowest headline number isn’t always the cheapest loan. This guide shows you how to compare properly, gives you an indicative rate table with sources, and explains the fastest way to see your real options.
How to compare home-loan rates the right way
Four things decide whether you’re actually comparing like with like:
- Match the fixing period. A rate is only meaningful next to its fixing period — the years your rate is locked before it reprices. Compare a 5-year fixed against a 5-year fixed, not against a 1-year teaser.
- Look at the all-in cost, not the headline. Add the fees, the mandatory Mortgage Redemption Insurance and fire insurance, and any processing charges. A slightly higher rate with lower fees can be cheaper overall.
- Check what it reprices to. After the fixed period, the loan moves to the prevailing rate. A low starting rate that reprices steeply can cost more over the full term.
- Confirm it’s current. Rates change and promos expire. A figure you saw months ago may not apply today — always verify at the source or through a broker.
Current Philippine home-loan rates (indicative)
Pag-IBIG rates and the market range verified 2026-07-04 · indicative only, subject to bank approval · per-bank advertised rates being added as verified.
| Lender | Advertised rate | Notes | Source |
|---|---|---|---|
| Pag-IBIG (HDMF)Government fund | 5.75% – 9.75% | By fixing period (1–30 years). ~3% socialized-housing rate for eligible members; 4.5% for non-socialized loans up to ₱1.8M (fixed 3 years). Maximum loanable amount ₱10M. | source · verified 2026-07-04 |
| Banks — indicative market rangeIndicative | ~6% – 8.5% | Typical 1–5 year fixing; occasional promos as low as ~5.99%; 10–20 year fixing can reach ~10–12%. Varies by bank and borrower profile. | source · verified 2026-06-17 |
| BDO | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| BPI | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| Security Bank | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| UnionBank | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| RCBC | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| China Bank | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| EastWest Bank | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| Maybank | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| PSBank | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| AUB (Asia United Bank) | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
| CTBC Bank | — | Rate not independently verified — ask Nook for current panel rates. | official rate page |
These are indicative figures for comparison only and are subject to each lender’s approval and change. Where a bank’s advertised rate has not been independently verified against its own page, no figure is shown — because a stale or unsourced rate is worse than none. To see the actual rate for your profile, pre-qualify with Nook.
Why we don’t print every bank’s number
You’ll notice some rows above show a link instead of a rate. That’s deliberate. Nook publishes only advertised rates we can independently source and date — and we never publish Nook’s negotiated panel rates, because your actual rate depends on the bank, your income and the property, and is set when you apply. Showing a made-up or out-of-date number would be worse than showing none. When we can verify a bank’s advertised rate against its own page, it appears here with a source and date; until then, the row points you to the lender’s official page and invites you to ask Nook for current panel rates.
The fastest way to compare — one pre-qualification
Comparing rates one bank at a time is slow, and the headline rate rarely tells the whole story. A mortgage broker compares many lenders at once and works out the best-fit, best-cost option for your profile. With Nook you can pre-qualify online in about three minutes, free and with no obligation, and a consultant will compare 20+ banks and Pag-IBIG and come back with your real options — including the total cost, not just the headline rate.
Keep reading: how mortgage brokers work in the Philippines, how to get approved faster, and who helps with home loans for free. Or try Nook’s monthly repayments calculator.
Comparing home-loan rates — common questions
How do I compare home-loan rates across banks in the Philippines?
Compare like with like: look at the rate for the same fixing period (e.g. a 5-year fixed rate at each bank), then look past the headline rate to the all-in cost — fees, the mandatory insurance, and what the rate reprices to after the fixed period. The fastest way is to have a mortgage broker compare many banks at once; Nook compares 20+ lenders in a single application and matches you to the best-fit rate for your profile.
What is a fixing period, and does it change the rate?
A fixing period is the number of years your rate is locked before the loan reprices to the prevailing market rate. Shorter fixing periods usually carry lower rates but reprice sooner; longer fixing periods cost more but give more certainty. Always compare rates for the same fixing period across lenders — a 1-year fixed rate and a 10-year fixed rate are not comparable.
Is the lowest advertised rate always the best home loan?
Not always. The lowest headline rate can come with a short fixing period that reprices higher soon after, or with fees that raise the all-in cost. Compare the rate for your chosen fixing period, then the total cost including fees, the mandatory Mortgage Redemption Insurance and fire insurance, and how the loan reprices later. A broker can compare the all-in cost, not just the headline number.
What is the current home-loan interest rate in the Philippines (2026)?
As general guidance for mid-2026, bank fixed rates for a 1–5 year fixing period run roughly 6%–8.5%, with occasional promos near 5.99%; longer fixing periods can reach ~10–12%. Pag-IBIG ranges from 5.75% to 9.75% by fixing period, with a socialized-housing rate near 3% for eligible members. Rates track government bond yields and change over time, so confirm the current figure with the lender or ask Nook.
Are Pag-IBIG rates lower than bank rates?
They often are for eligible members, especially on lower-priced homes — Pag-IBIG’s socialized rate is around 3% and its regular rates start at 5.75%, and it lends at high loan-to-value. Banks can offer larger loan amounts and faster processing. The best route depends on the property price, your income and how fast you need to move; a broker can compare both for you.
Does Nook show every bank’s exact rate?
Nook publishes only advertised rates that can be independently sourced and dated. Nook’s negotiated panel rates are not shown publicly — you see your specific rate when you pre-qualify, because it depends on the bank, your profile and the property. That keeps the public table honest: a figure only appears once it is verified against the lender’s own page.
How often do Philippine home-loan rates change?
Banks review their rates regularly, and fixed-rate pricing moves with government bond yields rather than in lockstep with the BSP policy rate. Promotional rates come and go. Because of this, always check the current rate at the lender or through a broker before you decide — a rate you saw months ago may no longer apply.
See your real rate, not a headline.
Pre-qualify online in about 3 minutes and a Nook consultant compares 20+ banks and Pag-IBIG for your profile — the all-in cost, free, because the banks pay us, not you.
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