PBCOM vs PSBank: Home Loan Rate Comparison
Both PBCOM (Philippine Bank of Communications) and PSBank (Philippine Savings Bank, a Metrobank subsidiary) offer home loan and refinancing products to Filipino borrowers. However, neither bank is a Nook partner, which means the rates shown below are approximate figures based on publicly available information and are subject to change. Always verify current rates directly with each bank before making a decision.
| Feature | PBCOM | PSBank |
|---|---|---|
| Indicative Fixed Rate (1-year) | ~7.50% – 8.50% p.a. | ~7.25% – 8.75% p.a. |
| Indicative Fixed Rate (3-year) | ~8.00% – 9.00% p.a. | ~7.75% – 9.00% p.a. |
| Indicative Fixed Rate (5-year) | ~8.50% – 9.50% p.a. | ~8.25% – 9.50% p.a. |
| Minimum Loan Amount | ~500,000 | ~500,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Up to 80% of appraised value |
| Loan Term | Up to 20 years | Up to 20 years |
| Processing Fee | Varies (contact bank) | Varies (contact bank) |
| Appraisal Fee | Borrower's account | Borrower's account |
| Nook Partner | No | No |
Rates shown are approximate and based on publicly available information as of 2024. They are indicative only and subject to change without notice. Contact each bank directly to confirm current rates and terms.
Monthly Payment Comparison: A Real Example
To illustrate the difference rates can make, here is a comparison of estimated monthly payments on a 3,000,000 peso home loan over 20 years at different rate scenarios.
| Rate Scenario | Monthly Payment (approx.) | Total Interest Paid (approx.) |
|---|---|---|
| PBCOM ~8.00% p.a. | 25,093 | 3,022,320 |
| PSBank ~7.75% p.a. | 24,673 | 2,921,520 |
| Nook Best Rate 5.99% p.a. | 21,481 | 2,155,440 |
At 5.99% p.a. through Nook versus a typical 8.00% rate, a borrower with a 3,000,000 peso loan could save approximately 3,612 pesos every month — that is over 866,880 pesos in total interest savings over a 20-year term. Even compared to the more competitive PSBank scenario at 7.75%, refinancing through Nook saves roughly 3,192 pesos per month.
About PBCOM Home Loans
PBCOM is a mid-sized universal bank that offers home loan products primarily targeting salaried employees and self-employed professionals. Their home loan lineup covers purchase, construction, and refinancing, with loan terms of up to 20 years. PBCOM is not among the largest home loan originators in the Philippines, so borrowers sometimes find the process less streamlined compared to bigger banks. If you are curious how PBCOM stacks up against other smaller lenders, see our comparison of CIMB vs PBCOM home loan rates for additional context.
Key considerations for PBCOM applicants:
- Rates are not widely advertised — you typically need to inquire directly
- Processing timelines can be longer than at larger banks
- Branch network is more limited than major banks like BDO or BPI
- May be more flexible on certain borrower profiles
About PSBank Home Loans
PSBank (Philippine Savings Bank) is the thrift bank arm of the Metrobank Group, giving it a relatively stable funding base. PSBank home loans are available for property purchase, construction, and refinancing. Because it is part of the Metrobank Group, PSBank has a wider branch and ATM network than PBCOM, which can make loan servicing more convenient. For a direct peer comparison, you may also want to read about PSBank vs SB Finance home loan rates to see how PSBank compares to another savings bank competitor.
Key considerations for PSBank applicants:
- Rates are competitive within the thrift bank segment but not the lowest available
- Backed by Metrobank Group, offering institutional stability
- Good branch network for loan servicing and payments
- Promotional rates may be available seasonally — always ask
Why Nook May Be a Better Option Than Either Bank
When you apply for a home loan or refinance directly through a single bank — whether PBCOM, PSBank, or any other — you only see that one bank's rates. Nook works differently. As the Philippines' first digital mortgage broker, Nook compares verified rates from multiple partner banks on your behalf, at no cost to you.
- Best available rate from 5.99% p.a. — significantly lower than the indicative rates at either PBCOM or PSBank
- 100% free service — Nook is compensated by the bank, not by you
- Multiple bank options — you get to compare real, verified offers before committing
- Streamlined digital process — less paperwork, faster approvals
- Expert guidance — Nook's mortgage specialists help you understand the true cost of each offer
If you are currently holding a home loan at 7% or above — whether with PBCOM, PSBank, or any other lender — it is worth checking your refinancing options through Nook. Even a 1 to 2 percentage point reduction in your rate can translate to hundreds of thousands of pesos saved over the life of your loan.
How to Refinance Through Nook
- Submit your details online — takes less than 5 minutes at nook.com.ph
- Nook checks your eligibility — no hard credit inquiry at this stage
- Receive verified rate offers — from multiple Nook partner banks
- Choose the best offer — with guidance from a Nook mortgage specialist
- Complete the application — Nook handles the coordination with your chosen bank
The entire process is free to you, and you are never obligated to proceed with any offer you receive.
Not sure which bank suits you?
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Compare My Options →Frequently Asked Questions
Is PBCOM or PSBank better for a home loan?
Both banks offer comparable home loan products for property purchase, construction, and refinancing. PSBank has a broader branch network as part of the Metrobank Group, while PBCOM may offer more flexibility for certain borrower profiles. However, neither bank consistently offers the lowest rates in the market. If getting the best possible rate is your priority, comparing offers through Nook — which provides rates from 5.99% p.a. — is likely to result in a more competitive outcome than applying to either bank alone.
What are the current home loan rates at PBCOM and PSBank?
Based on publicly available information, PBCOM indicative rates are approximately 7.50% to 9.50% p.a. depending on the fixing period, and PSBank rates are approximately 7.25% to 9.50% p.a. These figures are approximate and subject to change — contact each bank directly for their current published rates. For comparison, the best refinance rate available through Nook is 5.99% p.a.
Can I refinance my PBCOM home loan through Nook?
Yes. If you currently have a home loan with PBCOM and are paying a rate above 6.5% p.a., you may be a strong candidate for refinancing. Nook can assess your current loan and compare it against verified offers from Nook partner banks. The service is completely free to you as the borrower.
Can I refinance my PSBank home loan through Nook?
Yes. PSBank home loan holders who are paying rates in the 7% to 9% range are often excellent refinancing candidates. Nook will review your current loan details and present you with verified offers from partner banks, potentially saving you thousands of pesos per month. There is no fee to use Nook's service.
How much can I save by refinancing from PSBank or PBCOM to a lower rate?
The savings depend on your outstanding loan balance, remaining term, and the rate reduction achieved. As a rough example, on a 3,000,000 peso loan over 20 years, refinancing from 8.00% p.a. down to 5.99% p.a. saves approximately 3,612 pesos per month and over 866,880 pesos in total interest. Use Nook's free refinance calculator at nook.com.ph to get a personalized estimate based on your actual loan details.
Does Nook charge a fee to compare PBCOM and PSBank home loans?
No. Nook's mortgage brokering service is 100% free to borrowers. Nook is compensated by the lending bank when a loan is successfully placed — you pay nothing for the comparison, advice, or application assistance.
What documents do I need to refinance my home loan?
Standard refinancing documents in the Philippines typically include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for self-employed borrowers), a copy of your existing loan statement of account, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), and a tax declaration for the property. Nook's mortgage specialists will guide you through the exact requirements for your chosen bank.