Maya Bank vs PSBank: Home Loan Overview
When comparing Maya Bank and PSBank for a home loan or refinance in the Philippines, it helps to understand what each institution specialises in. Maya Bank is a digital bank licensed by the Bangko Sentral ng Pilipinas (BSP) and is primarily known for consumer and MSME lending through its app-based platform. Its home loan product offerings are limited compared to traditional banks, and publicly available mortgage rate information is minimal. PSBank (Philippine Savings Bank), a thrift bank subsidiary of Metrobank, has a more established home loan division with published rate tiers and a wider branch network to support borrowers through the application process.
Please note: All rates shown below are approximate, based on publicly available information, and subject to change. Borrowers should verify current rates directly with each bank before making any decisions.
Interest Rate Comparison
| Feature | Maya Bank | PSBank | Nook (Best Available) |
|---|---|---|---|
| Indicative Home Loan Rate | Not publicly listed; estimated 8%–10% p.a. | Approx. 7.5%–9.5% p.a. (fixed periods vary) | From 5.99% p.a. |
| Rate Type | Likely variable / repricing-based | Fixed for 1, 2, 3, or 5 years, then repriced | Fixed period options available |
| Rate Transparency | Low — must inquire directly | Moderate — some rates published online | High — verified rates from multiple banks |
On a loan of 3,000,000 pesos over 20 years, the difference between paying 9% p.a. and 5.99% p.a. is significant. At 9%, your monthly amortisation would be approximately 26,992 pesos. At 5.99%, it drops to roughly 21,479 pesos — a monthly saving of around 5,513 pesos, or over 66,156 pesos per year.
Loan Terms and Eligibility
| Feature | Maya Bank | PSBank |
|---|---|---|
| Loan Amount Range | Not publicly specified for home loans | Minimum approx. 300,000 pesos; up to property value |
| Loan Term | Not publicly specified | Up to 20 years |
| Eligible Borrowers | Maya app users; digital-first process | Filipino citizens and qualifying resident aliens; salaried and self-employed |
| Application Process | Digital / app-based | Branch-assisted or online inquiry |
| Collateral Required | Yes (for secured home loans) | Yes — property being financed or refinanced |
Fees and Charges
Both banks charge standard home loan processing fees, appraisal fees, and documentary stamp taxes as required by Philippine law. PSBank's published fee schedule is more accessible, typically including a processing fee of around 3,000 to 5,000 pesos and a property appraisal fee ranging from 3,500 to 5,500 pesos depending on location and property type. Maya Bank's fee structure for home loans is not publicly detailed and borrowers should inquire directly.
One important advantage of refinancing through Nook: Nook's mortgage broker service is 100% free to the borrower. There are no broker fees, no hidden charges, and Nook helps you compare verified rates from multiple Philippine banks simultaneously — saving you both money and time.
Refinancing with Maya Bank or PSBank
If you currently have a home loan with another bank and are considering refinancing to Maya Bank or PSBank, there are a few things to keep in mind. PSBank does accept refinancing applications and has a defined process for this, making it the more practical option of the two for borrowers looking to switch lenders. Maya Bank's refinancing product, if available, would require direct confirmation through their support channels.
That said, if your goal is to reduce your monthly repayments and total interest paid, refinancing to the lowest available rate should be your primary objective. PSBank's rates — while competitive for a traditional thrift bank — are still likely to sit above the 5.99% p.a. floor available through Nook's partner banks. If you're comparing PSBank against other lenders, you may also find our guides on PSBank vs SB Finance home loan rates and PBCOM vs PSBank home loan rates useful for broader context.
Which Is Better for Home Loan Refinancing?
For most Filipino homeowners looking to refinance, PSBank is the more viable option between the two — it has a more established home loan product, published rate tiers, and a clear refinancing pathway. Maya Bank, while innovative in the digital banking space, is not yet widely known for its home mortgage capabilities.
However, the more important question is whether either bank is the best option available to you. With Nook, you can access rates from multiple competing banks in a single application — for free — and let the banks compete for your business. Locking in at 5.99% p.a. versus the typical 8%–9.5% range can mean saving hundreds of thousands of pesos over the life of your loan.
Disclaimer: Interest rates are subject to change without notice. All figures shown are approximate and for illustrative purposes only. Please verify current rates with your chosen bank or through Nook before proceeding.
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Compare My Options →Frequently Asked Questions
Does Maya Bank offer home loans in the Philippines?
Maya Bank is a BSP-licensed digital bank primarily focused on consumer and business lending through its app. While it may offer secured loan products, its home loan or housing loan offerings are not widely publicised. Borrowers interested in Maya Bank for a home loan should contact them directly for current product availability and rates, as publicly available information is limited.
What are PSBank's current home loan interest rates?
PSBank's home loan rates are approximately 7.5% to 9.5% per annum, depending on the fixed rate period chosen (1, 2, 3, or 5 years) and loan amount. After the fixed period, the rate is repriced based on prevailing market rates. These figures are approximate and based on publicly available information — always verify current rates directly with PSBank before applying.
Can I refinance my existing home loan to PSBank?
Yes, PSBank accepts home loan refinancing applications from borrowers with existing mortgages at other banks. You will typically need to provide your current loan statements, property documents, proof of income, and valid IDs. However, before committing to PSBank, it is worth comparing their rates against other lenders — through Nook, you may be able to access rates as low as 5.99% p.a., which could result in significant monthly savings.
How does Nook compare to applying directly with PSBank or Maya Bank?
When you apply directly with a single bank, you only see that bank's rates. Nook is a free mortgage broker that submits your profile to multiple competing Philippine banks simultaneously, so you can compare offers and choose the best one. Nook's service is 100% free to borrowers — there are no broker fees — and you benefit from verified, up-to-date rates rather than relying on published figures that may be outdated.
What is the lowest home loan refinance rate available in the Philippines right now?
Through Nook, the best available refinance rate is currently 5.99% per annum. Most Filipino homeowners are paying between 7% and 10% on their existing home loans, meaning there is often a significant opportunity to save by refinancing. Use Nook's free service to find out if you qualify for a lower rate today.
Is it worth switching from PSBank to another bank for a lower interest rate?
Potentially, yes. Refinancing involves costs such as processing fees, appraisal fees, and documentary stamp tax, but if the new interest rate is meaningfully lower, these costs can be recovered within 1–2 years through monthly savings. For example, on a 3,000,000 peso loan over 20 years, reducing your rate from 9% to 5.99% could save you over 66,000 pesos per year in repayments. Nook can help you calculate your break-even point and determine whether refinancing makes sense for your situation.