Maya Bank vs Metrobank Home Loan: Side-by-Side Overview
Choosing between Maya Bank and Metrobank for your home loan — or refinance — requires looking beyond the headline rate. Below, we compare both lenders across the factors that matter most to Filipino homeowners.
| Feature | Maya Bank | Metrobank |
|---|---|---|
| Lender Type | Digital bank (BSP-licensed) | Universal bank (traditional) |
| Home Loan Product | Digital home loan (select markets) | Full home loan product suite |
| Indicative Interest Rate | Competitive digital rates (verify directly) | Approx. 7.00%–9.50% p.a. (subject to change) |
| Loan Amount Range | Varies by product | From approx. 1,000,000 |
| Loan Term | Varies | Up to 20–25 years |
| Processing Fee | Verify directly with Maya Bank | Typically 1% of loan amount or fixed fee |
| Branch Network | Digital-only (app/online) | Extensive nationwide branch network |
| Application Process | Online/app-based | Branch or online |
| Rate Transparency | App-based, rates vary | Approximate — verify current rates directly |
⚠️ Important: All rates shown for Maya Bank and Metrobank are approximate, based on publicly available information, and are subject to change without notice. Borrowers should verify current rates directly with each institution before making any financial decision.
Interest Rates: What Are You Actually Paying?
Interest rate is the single biggest driver of your monthly payment and total loan cost over time. Here's what we know about each lender's current positioning:
Maya Bank Home Loan Rates
Maya Bank is a BSP-licensed digital bank that has been expanding its consumer lending products. As a newer entrant to the home loan space, Maya Bank positions itself as a tech-forward alternative with a streamlined digital application. However, because it is not currently a Nook partner bank, we cannot verify or publish its exact current rate tiers. Borrowers should contact Maya Bank directly or visit their app for the latest figures. Rates are typically variable and dependent on loan amount, LTV ratio, and fixing period selected.
Metrobank Home Loan Rates
Metrobank is one of the Philippines' largest private universal banks and offers a well-established home loan product. Based on publicly available information, Metrobank's indicative home loan rates typically range from approximately 7.00% to 9.50% p.a. depending on the fixing period (1-year, 3-year, 5-year, etc.), loan-to-value ratio, and borrower profile. These are approximate figures — Metrobank adjusts its rates periodically and borrowers must confirm the current schedule directly with the bank.
For further context on how Metrobank compares with other major lenders, see our BDO vs Metrobank home loan comparison.
How Both Compare to the Best Refinance Rate Available
Through Nook's partner network, qualified borrowers can access refinance rates as low as 5.99% p.a. — potentially 1 to 3.5 percentage points lower than what Maya Bank or Metrobank may be offering. On a loan of 5,000,000 over 20 years, even a 1.5% rate reduction could save you over 500,000 in total interest. Nook's service is completely free to borrowers.
Sample Monthly Payment Comparison
To illustrate the real-world impact of rate differences, here are estimated monthly payments for a 5,000,000 home loan over 20 years at different interest rates. These figures are for illustration purposes only.
| Interest Rate | Indicative Lender | Est. Monthly Payment (5M, 20 yrs) | Est. Total Interest Paid |
|---|---|---|---|
| 5.99% p.a. | Nook Partner Rate | 35,826 | 3,598,240 |
| 7.50% p.a. | Approx. Metrobank (mid-range) | 40,280 | 4,667,200 |
| 9.00% p.a. | Higher-end variable rate | 44,986 | 5,796,640 |
Monthly payment estimates are approximate and for illustrative purposes only. Actual payments will vary based on amortization method, fees, loan structure, and lender-specific terms. Use Nook's free calculator for a personalized estimate.
Maya Bank: Digital Innovation but Limited Home Loan Track Record
Maya Bank (formerly PayMaya's banking arm) has made significant strides in consumer finance, particularly in digital payments, savings, and personal lending. Its home loan offering is still maturing compared to the established players in the Philippine mortgage market.
Potential Advantages of Maya Bank
- Fully digital process: Application, document submission, and account management are app-based — convenient for tech-savvy borrowers.
- Speed: Digital banks can sometimes process applications faster due to automation.
- Competitive positioning: As a challenger bank, Maya has incentive to offer attractive rates to win market share.
Potential Limitations
- Limited home loan history: Maya Bank does not have the decades-long mortgage track record of a bank like Metrobank.
- No physical branches: If you prefer face-to-face service for a major financial transaction like a home loan, this may be a drawback.
- Rate verification required: Because Maya Bank is not a Nook partner, we cannot independently verify current rates or promotional terms.
Metrobank: Trusted but Traditional
Metrobank has been providing home loans to Filipino families for decades. It offers a comprehensive product with established processes, a nationwide branch network, and a reputation for reliability. However, traditional banks like Metrobank may carry higher overhead costs that are reflected in their interest rates.
Potential Advantages of Metrobank
- Established track record: Decades of mortgage lending experience with defined processes.
- Nationwide branches: Ideal for borrowers who prefer in-person support throughout the loan process.
- Product range: Offers various fixing periods and loan structures.
Potential Limitations
- Rates may be higher: Traditional bank overhead can mean less competitive pricing versus digital lenders or broker-sourced rates.
- Processing times: Branch-based applications can sometimes take longer than digital alternatives.
- Single lender: Going direct means you only see one offer, not the full market.
If you're evaluating Metrobank against other mid-market lenders, our Metrobank vs PSBank home loan comparison may also be helpful.
Fees and Other Costs to Consider
The interest rate is only part of the total cost of a home loan. Both Maya Bank and Metrobank — like all Philippine lenders — may charge various fees. Always request a full fee disclosure before committing.
| Fee Type | Maya Bank | Metrobank |
|---|---|---|
| Processing / Origination Fee | Verify directly | Approx. 1% of loan amount (verify) |
| Appraisal Fee | Verify directly | Charged separately (varies by property) |
| Legal / Documentation Fee | Verify directly | Standard documentary fees apply |
| Early Repayment Penalty | Verify directly | May apply within fixing period |
| Annual Service Fee | Verify directly | Verify directly with Metrobank |
Fee structures are indicative only and subject to change. Always request a formal loan quote and disclosure from any lender before making a decision.
Why Work With Nook Instead of Going Direct?
When you apply for a home loan or refinance directly with a single bank — whether Maya Bank, Metrobank, or any other lender — you only see that one institution's offer. You have no way of knowing if a better rate is available elsewhere without spending hours applying to multiple banks separately.
Nook is the Philippines' first digital mortgage broker. We work with multiple partner banks to surface the most competitive verified rates for your situation — and our service is 100% free to borrowers. We earn a referral fee from the bank only when your loan is successfully placed, so there's no conflict of interest.
- ✅ Access to verified rates as low as 5.99% p.a.
- ✅ Compare multiple lenders with one application
- ✅ Free service — no cost to you at any stage
- ✅ Expert guidance throughout the refinance process
- ✅ Streamlined digital process — no branch visits required
Whether you're currently with Maya Bank, Metrobank, or any other lender, Nook can help you find out if you're overpaying — and switch to a better rate with minimal hassle.
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Compare My Options →Frequently Asked Questions
Is Maya Bank a good option for a home loan in the Philippines?
Maya Bank is a BSP-licensed digital bank and a legitimate option worth exploring, particularly if you prefer a fully digital application process. However, its home loan product is newer compared to established lenders, and its rates and terms should be verified directly via the Maya app or website. Because Maya Bank is not currently a Nook partner, we are unable to independently verify its current rate schedule. For a verified competitive rate, Nook's partner network offers refinance rates from as low as 5.99% p.a. at no cost to the borrower.
What are Metrobank's current home loan interest rates?
Based on publicly available information, Metrobank's home loan rates typically range from approximately 7.00% to 9.50% p.a. depending on the fixing period, loan-to-value ratio, and borrower profile. However, these rates are subject to change and should be verified directly with Metrobank. Note that through Nook, qualified borrowers can access verified partner bank rates as low as 5.99% p.a., which may be significantly lower than Metrobank's current offering.
Can I refinance from Metrobank to get a lower rate?
Yes — refinancing from Metrobank (or any other lender) is one of the most effective ways to reduce your monthly mortgage payment and total interest cost. If you are currently paying 7.5% or more with Metrobank, refinancing to a rate of 5.99% p.a. through a Nook partner bank could save you tens of thousands of pesos per year. Nook's refinancing service is completely free to borrowers. Use our online calculator to estimate your potential savings in minutes.
How does Maya Bank differ from Metrobank for home loans?
The key differences lie in their institutional maturity and delivery model. Metrobank is a decades-old universal bank with a nationwide branch network and a well-established mortgage product suite. Maya Bank is a digital-only challenger bank with a tech-forward application experience but a shorter track record in mortgage lending. Both require direct verification of current rates and fees. For borrowers focused on getting the lowest rate, comparing both against broker-sourced rates through Nook is the most effective strategy.
What is the lowest home loan refinance rate available in the Philippines right now?
Through Nook's partner bank network, verified refinance rates start from 5.99% p.a. as of the time of writing. This is among the most competitive rates currently available to Filipino homeowners. Most borrowers who have not refinanced recently are paying between 7% and 10% — meaning there may be significant savings available. Nook's service is free, so there is no risk in checking what rate you qualify for.
Does Nook charge a fee to help me compare or refinance my home loan?
No. Nook's mortgage brokering service is 100% free to borrowers. Nook earns a referral fee directly from the bank when a loan is successfully placed — this does not affect the rate or terms you receive. You get expert guidance, access to multiple verified lenders, and a streamlined digital process at zero cost to you.
Are the interest rates shown for Maya Bank and Metrobank on this page guaranteed?
No. The rates referenced for both Maya Bank and Metrobank on this page are approximate and based on publicly available information at the time of writing. Interest rates change regularly and the actual rate you are offered will depend on your loan amount, property value, credit profile, and the lender's current schedule. Always request a formal loan quote directly from any lender. For verified, up-to-date rates from Nook's partner banks, use the Nook platform to get a personalised quote.