Interest Rate Comparison
Metrobank Housing Loans
- Standard Rate: 8.0% - 10.0% p.a. (approximate)
- Promotional Rates: Limited-time offers may apply
- Rate Type: Floating rates tied to market conditions
*Rates shown are approximate based on publicly available information and subject to change. Verify current rates directly with Metrobank.
PNB Housing Loans
- Standard Rate: 7.5% - 9.5% p.a. (approximate)
- Promotional Rates: Seasonal promotions available
- Rate Type: Variable rates with periodic adjustments
*Rates shown are approximate based on publicly available information and subject to change. Verify current rates directly with PNB.
🏆 Better Option: Nook Partner Banks
Best Rate Available: 5.99% p.a.
Save up to 2-4% annually compared to Metrobank and PNB rates through our verified partner network.
Monthly Payment Comparison
Here's how much you'd pay monthly on a 5,000,000 loan over 20 years:
| Bank | Interest Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| Metrobank | 9.0% | 44,986 | 5,796,640 |
| PNB | 8.5% | 43,391 | 5,413,840 |
| Nook Partner | 5.99% | 35,761 | 3,582,640 |
Monthly Savings vs Metrobank: 9,225
Monthly Savings vs PNB: 7,630
Total Interest Savings: Up to 2,214,000 over 20 years
Processing Fees & Requirements
Metrobank Fees
- Processing Fee: 1% of loan amount
- Appraisal Fee: 8,000 - 15,000
- Notarial Fee: 15,000 - 25,000
- Fire Insurance: Required
- Mortgage Redemption Insurance: Required
PNB Fees
- Processing Fee: 0.75% - 1% of loan amount
- Appraisal Fee: 10,000 - 20,000
- Legal Documentation: 20,000 - 30,000
- Mortgage Life Insurance: Required
- Hazard Insurance: Required
*Fees are approximate and may vary based on loan amount and property location. Both banks require comprehensive documentation and income verification.
Loan Terms & Features
Metrobank Housing Loan
- Loan Term: Up to 25 years
- Maximum LTV: 80% of appraised value
- Minimum Loan: 500,000
- Maximum Loan: 15,000,000
- Prepayment: Allowed with penalties
- Special Features: Step-up payment options
PNB Housing Loan
- Loan Term: Up to 20 years
- Maximum LTV: 85% of appraised value
- Minimum Loan: 300,000
- Maximum Loan: 12,000,000
- Prepayment: Partial payments allowed
- Special Features: Flexible payment schemes
For additional comparison insights, you might also want to review our detailed PNB vs Metrobank analysis which covers more specific scenarios.
Why Consider Refinancing Instead?
Both Metrobank and PNB offer traditional banking services, but their housing loan rates remain above market-leading options. Here's why refinancing through Nook makes financial sense:
- Immediate Savings: Reduce your rate by 1-3% annually
- Lower Monthly Payments: Free up 7,000-9,000 monthly for other expenses
- Verified Rates: All partner bank rates are pre-verified and transparent
- Free Service: No broker fees - we're paid by the banks, not you
- Streamlined Process: Digital application with dedicated support
Whether you're currently with Metrobank or considering other major banks, exploring refinancing options could result in substantial long-term savings.
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Compare My Options →Frequently Asked Questions
Which bank has better housing loan rates - Metrobank or PNB?
PNB typically offers slightly lower standard rates (7.5-9.5%) compared to Metrobank (8-10%), but both are approximate ranges based on publicly available information. However, both banks' rates are significantly higher than the best refinancing rates available through Nook's partner network at 5.99%.
How much can I save by refinancing from Metrobank or PNB?
On a 5,000,000 loan over 20 years, you could save 7,630-9,225 monthly by refinancing from either bank to a 5.99% rate. This translates to total interest savings of 1.8-2.2 million over the loan term.
What are the processing fees for Metrobank vs PNB housing loans?
Metrobank typically charges 1% processing fee plus appraisal and notarial fees totaling 25,000-40,000. PNB charges 0.75-1% processing fee with documentation and appraisal fees ranging 30,000-50,000. Both require mandatory insurance coverage.
Can I refinance my existing Metrobank or PNB housing loan?
Yes, you can refinance your existing housing loan from either Metrobank or PNB through Nook's partner banks. The process involves paying off your current loan and securing a new loan at a lower rate, potentially saving you thousands monthly.
How long does it take to process housing loans with Metrobank vs PNB?
Both banks typically require 30-45 days for loan processing, depending on document completeness and property appraisal. Refinancing through Nook's digital platform often provides faster processing with dedicated support throughout the application.
Are the Metrobank and PNB rates shown guaranteed?
No, the rates shown are approximate estimates based on publicly available information and are subject to change. Neither Metrobank nor PNB are Nook partner banks, so we cannot verify their current promotional rates. Always confirm rates directly with the banks before making decisions.