Thinking of applying for a PSBank home loan? Make sure you have all the requirements ready — and compare rates before you commit to anything.
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Why this matters
PSBank (Philippine Savings Bank), the thrift banking arm of Metrobank Group, offers home loans for property purchase, construction, and refinancing. To apply, you'll generally need to be a Filipino citizen (or a qualified foreign national), between 21 and 65 years old at loan maturity, and earning a stable income — whether as a salaried employee, self-employed professional, or OFW. Standard documentary requirements typically include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements), a copy of the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), a tax declaration, and a duly accomplished application form. Please note that specific requirements and rates are subject to change — always verify the latest information directly with PSBank before submitting your application.
It's worth knowing that PSBank's published home loan rates are approximate and based on publicly available information. Rates can vary depending on your loan amount, fixing period, and creditworthiness. Before you lock in with any single bank, it pays to shop around. Through Nook, you can compare verified offers from multiple partner banks in one place — for free. If you already have a PSBank home loan and feel your rate is too high, you may also want to explore refinancing your PSBank home loan to potentially secure a significantly lower rate.
Many Filipino homeowners are currently paying between 7% and 10% on their home loans without realising they could be paying much less. Nook's partner banks currently offer rates as low as 5.99% p.a. — which on a 3,000,000 loan over 20 years can translate to thousands of pesos in monthly savings. Whether you're a first-time buyer comparing banks or an existing borrower wondering if you're getting a fair deal, understanding your options is the smartest first step.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Generally, applicants must be Filipino citizens (or qualified foreign nationals with a Filipino spouse), at least 21 years old at the time of application, and no older than 65 years old upon loan maturity. You must also have a stable and verifiable source of income, whether as a locally employed professional, a self-employed individual, or an OFW. These criteria are typical for PSBank but may be updated — confirm current eligibility requirements directly with PSBank or a branch officer.
Standard requirements typically include a completed application form, at least one valid government-issued ID, proof of income (recent payslips and/or ITR for employed applicants; audited financial statements for self-employed), and property documents such as a copy of the TCT or CCT, tax declaration, and location map or vicinity plan. OFWs generally need to provide an employment contract and proof of remittances. Always check PSBank's official website or visit a branch to get the most current and complete document checklist.
PSBank typically offers home loans starting from around 500,000, with loan-to-value ratios of up to 80% for residential properties. Interest rates vary depending on the fixing period chosen and prevailing market conditions — published rates have generally ranged from around 7% to 10% p.a. based on publicly available information, but these are approximate and subject to change. For the most accurate and current rates, contact PSBank directly or use a free service like Nook to compare verified offers from multiple banks side by side.
Yes — if your current PSBank home loan is carrying a rate above 7%, there's a good chance you could save significantly by refinancing with another lender. Nook can help you explore refinancing your PSBank housing loan by matching you with partner banks offering rates as low as 5.99% p.a., at no cost to you. The process is straightforward and Nook's mortgage specialists guide you through every step.
Processing times can vary depending on document completeness, property appraisal, and loan complexity, but home loan approvals at Philippine banks typically take anywhere from two to six weeks. Ensuring all your documents are complete and accurate upfront is the best way to avoid delays. If speed and convenience are priorities, working with a mortgage broker like Nook means your application is matched to the bank most likely to approve it quickly, saving you time and back-and-forth.
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