Metrobank vs Philippine Business Bank: Home Loan Overview
Both Metrobank and Philippine Business Bank (PBB) offer home loan products in the Philippines, but they serve quite different market segments. Metrobank is one of the country's largest universal banks with a comprehensive mortgage lending program, while Philippine Business Bank is a thrift bank with a community-focused approach that emphasizes SME lending alongside consumer products like home loans.
Important note: The rate information shown for both banks is approximate, based on publicly available information, and subject to change without notice. Always contact the banks directly or work with a licensed mortgage broker to get verified, current rates before making any financial decision.
If you've been comparing options between these two banks, it's also worth checking out our BPI vs Metrobank home loan comparison to see how Metrobank stacks up against another major lender.
Interest Rate Comparison
| Feature | Metrobank | Philippine Business Bank | Nook (Best Available) |
|---|---|---|---|
| Indicative Fixed Rate (1-year) | ~7.00% – 8.50% p.a. | ~8.00% – 10.00% p.a. | From 5.99% p.a. |
| Indicative Fixed Rate (3-year) | ~7.50% – 9.00% p.a. | ~8.50% – 10.50% p.a. | Competitive fixed terms available |
| Rate Transparency | Rates available upon application | Rates available upon inquiry | Verified rates upfront |
| Rate Type | Fixed repricing periods available | Fixed repricing periods available | Multiple options across partner banks |
These rates are approximate and for illustration only. Actual rates depend on your loan amount, loan-to-value ratio, income profile, and the bank's current offerings. Philippine Business Bank, as a thrift bank, may carry slightly higher base rates than universal banks like Metrobank due to their cost of funds and risk appetite for retail mortgage lending.
Loan Terms and Eligibility
| Feature | Metrobank | Philippine Business Bank |
|---|---|---|
| Minimum Loan Amount | ~1,000,000 | ~500,000 – 1,000,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Varies by branch and property |
| Loan Term | Up to 25 years | Up to 20 years (typical) |
| Eligible Borrowers | Employed, self-employed, OFW | Employed, self-employed, SME owners |
| Property Types | House & lot, condo, vacant lot | House & lot, commercial-residential |
| Geographic Reach | Nationwide | Selected branches; Metro Manila focus |
Fees and Charges
| Fee | Metrobank | Philippine Business Bank |
|---|---|---|
| Processing Fee | Approximately 5,000 – 10,000 (varies) | Varies; typically 5,000+ |
| Appraisal Fee | Charged separately | Charged separately |
| Notarial & Documentary Fees | Applicable | Applicable |
| Early Termination Fee | May apply within repricing period | May apply |
| Broker Fee (via Nook) | 100% Free — Nook charges borrowers nothing | |
Fees vary based on loan amount, property location, and the bank's current fee schedule. Always request a full disclosure of all charges before committing to any home loan.
Refinancing Potential: How Much Could You Save?
If you currently have a home loan with Metrobank or Philippine Business Bank at a rate between 7% and 10%, refinancing through Nook to a rate as low as 5.99% p.a. could generate significant monthly savings. Here are some illustrative examples:
| Loan Balance | Current Rate (8.5%) | Monthly Payment | Nook Rate (5.99%) | New Monthly Payment | Monthly Savings |
|---|---|---|---|---|---|
| 2,000,000 | 8.50% p.a. | ~19,900 | 5.99% p.a. | ~17,300 | ~2,600 |
| 4,000,000 | 8.50% p.a. | ~39,800 | 5.99% p.a. | ~34,600 | ~5,200 |
| 6,000,000 | 8.50% p.a. | ~59,700 | 5.99% p.a. | ~51,900 | ~7,800 |
Calculations above are illustrative, based on a 20-year remaining term, and do not include fees or charges. Use Nook's free refinancing calculator to get a personalized estimate for your situation. You may also find our BDO vs Metrobank comparison helpful if you're weighing multiple lender options.
Application Process Comparison
| Step | Metrobank | Philippine Business Bank | Via Nook |
|---|---|---|---|
| Initial Inquiry | Branch or online form | Branch visit typically required | 100% online in minutes |
| Rate Shopping | Single bank rate only | Single bank rate only | Multiple partner banks compared for you |
| Document Submission | Physical or email | Primarily branch-based | Digital upload |
| Processing Time | 2–4 weeks typical | 2–4 weeks typical | Streamlined with broker support |
| Broker Support | None | None | Dedicated mortgage specialist, free |
Who Should Consider Each Bank?
Consider Metrobank if:
- You already have an existing banking relationship with Metrobank and want a bundled service
- You prefer a large universal bank with a nationwide branch network for in-person support
- You are purchasing a property and need a lender with broad property type coverage
Consider Philippine Business Bank if:
- You are an SME owner with an existing PBB banking relationship
- Your property or income profile is better suited to a thrift bank's more flexible underwriting
- You are located near a PBB branch and value a community banking approach
Consider Nook if:
- You want to refinance your existing home loan and access the lowest available rates in the market
- You don't want to pay broker fees — Nook's service is completely free to borrowers
- You want to compare multiple banks at once without going branch to branch
- You currently have a rate above 6.5% and want to lower your monthly payments immediately
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
How do Metrobank and Philippine Business Bank home loan rates compare?
Based on publicly available information, Metrobank's home loan rates typically range from approximately 7.00% to 9.00% p.a., while Philippine Business Bank's rates may range from approximately 8.00% to 10.00% p.a. As a universal bank, Metrobank generally has access to lower cost of funds, which can translate to more competitive rates. However, both banks' rates are subject to change, and you should contact them directly for current figures. Through Nook, qualified borrowers can access rates starting from 5.99% p.a., which is lower than the typical published rates of both banks.
Is Philippine Business Bank a good option for a home loan?
Philippine Business Bank (PBB) can be a suitable option for borrowers who already have a relationship with the bank, particularly SME owners and business clients. As a thrift bank, PBB may offer more flexible underwriting for certain income types, but its home loan rates tend to be higher than those of major universal banks like Metrobank, BDO, or BPI. If you're looking for the most competitive rate, it's worth comparing PBB with other lenders — or using Nook to access verified rates from multiple banks simultaneously.
Can I refinance my Metrobank home loan through Nook?
Yes. If you have an existing home loan with Metrobank, you may be eligible to refinance through Nook's partner banks at rates starting from 5.99% p.a. Refinancing makes sense when the new rate is at least 1–2 percentage points lower than your current rate and when your remaining loan term is still substantial. Nook's service is 100% free to borrowers — there are no broker fees — and you can get a preliminary assessment online in minutes.
Can I refinance my Philippine Business Bank home loan?
Yes, you can refinance a PBB home loan to another lender. Since PBB's rates tend to be on the higher end of the market, homeowners with PBB mortgages may stand to benefit significantly from refinancing. Through Nook, you can access rates from multiple partner banks and find out exactly how much you could save on your monthly payments. Nook handles the process on your behalf at zero cost to you.
How long does it take to refinance a home loan in the Philippines?
Home loan refinancing in the Philippines typically takes between 4 to 8 weeks from application to loan release, depending on the lender and the completeness of your documents. Working with a mortgage broker like Nook can help streamline the process, as Nook's specialists guide you through each step and liaise with the bank on your behalf — helping to avoid delays due to missing documents or incomplete requirements.
What documents do I need to refinance my home loan?
Common documents required for home loan refinancing in the Philippines include: valid government-issued IDs, proof of income (payslips, ITR, or audited financial statements for self-employed), a copy of your existing loan's statement of account, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), tax declaration of the property, and a copy of your current mortgage contract. Nook provides a personalized document checklist based on your specific situation to make the process as smooth as possible.
Are there fees when refinancing a home loan?
Yes, refinancing typically involves fees such as appraisal fees, notarial fees, registration fees, and sometimes an early termination fee from your current lender. However, Nook's mortgage broker service itself is completely free — you pay no broker commission or service charge. The potential monthly savings from a lower interest rate often outweigh the one-time refinancing costs, especially for loans with a remaining term of 10 years or more. Nook can help you calculate the break-even point for your specific loan.
What is the best home loan rate available in the Philippines right now?
The best home loan refinance rate currently available through Nook is 5.99% p.a. This is significantly lower than the typical rates offered by most Philippine banks, which generally range from 7% to 10% for standard home loan products. Rates are subject to change and depend on individual borrower qualifications, loan amount, and loan-to-value ratio. Contact Nook for a free, no-obligation assessment of the best rate you may qualify for.