Maya Bank vs PNB

Maya Bank vs PNB: Home Loan Overview

Choosing between Maya Bank and PNB for a home loan — or deciding whether to refinance away from either — requires a clear look at what each lender actually offers. Here's what you need to know before making a decision.

Note: All rates shown are approximate, based on publicly available information as of the time of writing, and are subject to change without notice. Always verify current rates directly with the bank before making any financial decisions.

Maya Bank Home Loan: What We Know

Maya Bank (formerly PayMaya) received its digital banking license from the Bangko Sentral ng Pilipinas (BSP) in 2022 and has rapidly grown its deposit and lending products. However, as of the time of writing, Maya Bank does not have a clearly established, publicly available home loan product comparable to those offered by traditional banks.

Maya Bank's strength lies in personal loans, savings products, and digital payment infrastructure — not in long-term secured lending like home loans. Prospective borrowers looking to Maya Bank for a home loan should verify directly whether such a product is available to them, as the offering may be limited, invite-only, or still in development.

For homeowners considering refinancing, Maya Bank is not a commonly cited option in the Philippine market at this time. If you are currently holding a Maya Bank loan and looking to refinance, comparing newer digital banks like AUB and CIMB may also be relevant to your research.

PNB Home Loan: Rates and Terms

Philippine National Bank (PNB) is one of the Philippines' oldest and most established commercial banks, and its home loan product is a well-known option for both purchase and refinancing. PNB home loans are available to Filipino citizens and qualified non-resident Filipinos (NRFs).

Indicative PNB home loan rates (approximate, subject to change):

• 1-year fixed: Approximately 7.00%–8.00% p.a.
• 3-year fixed: Approximately 7.50%–8.50% p.a.
• 5-year fixed: Approximately 8.00%–9.00% p.a.
• 10-year fixed: Approximately 8.50%–9.50% p.a.

These rates are indicative only and based on publicly available information. PNB may offer promotional rates from time to time — always check directly with PNB for the most current figures.

Typical PNB Home Loan Features:

• Loan amount: Minimum ₱500,000
• LTV ratio: Up to 80% of appraised property value
• Loan term: Up to 20 years
• Eligible properties: Residential house and lot, condominium, townhouse, vacant lot
• Standard processing, appraisal, and notarial fees apply

Monthly Payment Comparison (Illustrative Example)

To illustrate the real-world difference that interest rates make, here is a monthly payment comparison for a ₱3,000,000 home loan over 20 years at different rates:

At 5.99% p.a. versus 8.00% p.a., a borrower with a ₱3,000,000 loan could save approximately 3,599 per month — that's over 863,760 saved over the full 20-year term. These figures are illustrative and based on a standard reducing-balance amortization. Actual savings will depend on your remaining loan balance, current rate, and applicable fees.

Refinancing: Can You Do Better Than PNB or Maya Bank?

If you are currently paying a PNB home loan rate of 8% or higher, refinancing through Nook could substantially reduce your monthly payments. Nook compares multiple partner banks simultaneously — at no cost to you — to find the lowest available rate for your specific loan profile.

Here's how Nook differs from going directly to any single bank:

• Multiple lenders, one application: Nook submits your profile to several partner banks and surfaces the best offer.
• Verified rates: Unlike the approximate rates you see for PNB or Maya Bank above, Nook's partner bank rates are confirmed and current.
• Free service: Nook is 100% free to borrowers. The bank pays the broker fee.
• Expert guidance: Nook's team helps you navigate documentation, valuation, and legal requirements.

If you've been comparing options across multiple lenders, you might also find it useful to review how DBP and UCPB home loan rates compare as part of your broader research.

Who Should Consider PNB?

PNB may be a reasonable choice if:

• You are an OFW or non-resident Filipino — PNB has a long history of serving NRF borrowers
• You already have a significant banking relationship with PNB
• You prefer branch-based service and in-person assistance
• You are buying a property in a location where PNB has strong appraisal coverage

However, even if you prefer PNB, it's worth checking whether Nook can match or beat their rate through another lender before you commit.

Who Should Consider Maya Bank?

At present, Maya Bank is not a primary recommendation for home loan borrowers, given the limited availability of their home loan product. Maya Bank may be worth watching as a future option as their lending products mature, particularly for digitally native borrowers who prefer a fully app-based experience. For now, if you are looking for a home loan or refinance, established lenders or Nook's partner network are more reliable choices.