Interest Rates Comparison
Landbank Housing Loan Rates
- Standard Fixed Rate: 8.5% - 9.5% p.a. (approximate)*
- Variable Rate: 7.5% - 8.5% p.a. (approximate)*
- Special Programs: May offer lower rates for specific sectors
*Rates shown are approximate based on publicly available information and subject to change. Actual rates may vary based on loan amount, term, and borrower profile.
Metrobank Housing Loan Rates
- Standard Fixed Rate: 7.5% - 8.5% p.a. (approximate)*
- Variable Rate: 7.0% - 8.0% p.a. (approximate)*
- Promotional Rates: May offer introductory rates for qualified borrowers
*Rates shown are approximate based on publicly available information and subject to change. Actual rates may vary based on loan amount, term, and borrower profile.
Get Better Rates with Nook Partner Banks
While both Landbank and Metrobank offer competitive options, Nook's partner banks currently offer rates as low as 5.99% p.a. - potentially saving you hundreds of thousands of pesos over your loan term. Our service is 100% free and we handle all the paperwork for you.
Loan Features & Requirements
Landbank Housing Loan Features
- Loan Amount: Up to 80% of property value
- Loan Term: Up to 25 years
- Processing Time: 2-4 weeks
- Income Requirement: Stable income with DTI ratio compliance
- Special Features: Government employee benefits, OFW packages
Metrobank Housing Loan Features
- Loan Amount: Up to 85% of property value
- Loan Term: Up to 25 years
- Processing Time: 2-3 weeks
- Income Requirement: Minimum monthly income varies by location
- Special Features: Fast-track processing, flexible payment terms
Monthly Payment Comparison
Here's how monthly payments compare for a 3,000,000 loan over 20 years:
Landbank (8.5% p.a. estimated)
Monthly Payment: ₱25,946
Total Interest: ₱3,227,040
Metrobank (7.5% p.a. estimated)
Monthly Payment: ₱24,217
Total Interest: ₱2,812,080
Nook Partner Bank (5.99% p.a.)
Monthly Payment: ₱21,491
Total Interest: ₱2,157,840
Save ₱1,069,200 vs Landbank estimate
Which Bank Should You Choose?
Choose Landbank if:
- You're a government employee seeking special rates
- You prefer the stability of a government financial institution
- You're an OFW looking for specialized loan packages
- You value established government backing and security
Choose Metrobank if:
- You want potentially lower market rates
- You prefer faster processing times
- You need higher loan-to-value ratios (up to 85%)
- You value flexible payment and loan terms
Consider Nook Partner Banks if:
- You want the lowest possible interest rates (5.99% p.a.)
- You prefer expert guidance throughout the process
- You want someone to handle all paperwork for free
- You're looking to refinance your existing loan for better terms
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
What are the current interest rates for Landbank vs Metrobank housing loans?
Based on publicly available information, Landbank housing loan rates typically range from 7.5% to 9.5% p.a., while Metrobank rates generally range from 7.0% to 8.5% p.a. However, these are approximate rates and actual rates may vary. Both banks are non-partner institutions, so we recommend checking directly with them for current rates. Nook partner banks currently offer rates as low as 5.99% p.a.
Which bank offers better loan terms - Landbank or Metrobank?
Metrobank generally offers more flexible terms with loan-to-value ratios up to 85% compared to Landbank's 80%. Metrobank also typically has faster processing times (2-3 weeks vs 2-4 weeks). However, Landbank may offer special programs for government employees and OFWs. For the most competitive terms overall, consider Nook partner banks which offer comprehensive packages with rates starting at 5.99% p.a.
How much can I save by choosing the lower-rate option?
For a ₱3,000,000 loan over 20 years, choosing Metrobank's estimated 7.5% rate over Landbank's estimated 8.5% rate could save approximately ₱414,960 in total interest. However, with Nook partner bank rates at 5.99% p.a., you could potentially save over ₱1,000,000 compared to higher-rate options. The exact savings depend on your specific loan amount, term, and the actual rates you qualify for.
Can I refinance my existing Landbank or Metrobank housing loan?
Yes, you can refinance housing loans from both Landbank and Metrobank. Refinancing allows you to potentially get lower interest rates, better terms, or access equity in your home. Nook specializes in helping Filipino homeowners refinance their existing loans to get rates as low as 5.99% p.a. Our service is completely free, and we handle all the paperwork and negotiations with lenders on your behalf.
What documents do I need for a housing loan application with these banks?
Both Landbank and Metrobank typically require similar documentation: valid IDs, proof of income (payslips, ITR, bank statements), employment certificate, property documents (title, tax declaration), and completed application forms. Specific requirements may vary based on your employment type and loan amount. As non-partner banks, we recommend contacting them directly for their complete requirements list. Nook partner banks offer streamlined documentation processes.
Is it better to go directly to the bank or use a mortgage broker like Nook?
While you can apply directly to Landbank or Metrobank, using Nook offers several advantages: access to multiple lenders with competitive rates (starting at 5.99% p.a.), expert guidance throughout the process, free service with no hidden fees, and professional handling of all paperwork and negotiations. We help you compare options across multiple lenders to find the best deal for your specific situation, potentially saving you significant time and money.