PSBank vs SB Finance: Home Loan Overview
Choosing between PSBank and SB Finance for a home loan comes down to more than just interest rates. You'll want to weigh processing speed, loan flexibility, eligibility criteria, and — most importantly — the true cost of borrowing over 15 to 25 years. Below, we break down both lenders side by side so you can make an informed decision.
Important note: The rates shown for PSBank and SB Finance below are approximate figures based on publicly available information and general market knowledge. These rates are subject to change at any time. Always verify current rates directly with each lender before making any financial decision.
Interest Rate Comparison
| Feature | PSBank | SB Finance | Nook (Best Available) |
|---|---|---|---|
| Starting Rate (approx.) | ~7.50% p.a. | ~7.25% p.a. | 5.99% p.a. |
| Rate Type | Fixed (repricing periods) | Fixed (repricing periods) | Fixed (partner bank terms) |
| Repricing Frequency | 1, 2, 3, 5 years | 1, 2, 3, 5 years | Varies by partner bank |
| Rate Transparency | Approximate only | Approximate only | Verified & confirmed |
On paper, the difference between 7.50% and 7.25% might seem minor, but on a loan of 3,000,000 over 20 years, even a 0.25% difference translates to tens of thousands of pesos in savings. The gap between either bank and Nook's 5.99% rate is far more significant — potentially saving you hundreds of thousands over the life of your loan.
Monthly Repayment Comparison
To illustrate the real-world impact of these rate differences, here's a sample calculation for a 3,000,000 home loan over 20 years:
| Lender | Rate | Est. Monthly Repayment | Total Interest Paid |
|---|---|---|---|
| PSBank (approx.) | 7.50% p.a. | 24,059 | 2,774,160 |
| SB Finance (approx.) | 7.25% p.a. | 23,680 | 2,683,200 |
| Nook Partner Bank | 5.99% p.a. | 21,477 | 2,154,480 |
Note: These figures are illustrative estimates for comparison purposes only. Actual repayments will vary based on your specific loan terms, fees, and lender policies. Rates for PSBank and SB Finance are approximate and subject to change.
Refinancing a 3,000,000 loan from PSBank's approximate rate to Nook's 5.99% could save you roughly 619,680 in total interest — and Nook's service costs you nothing to access.
Loan Terms and Eligibility
| Feature | PSBank | SB Finance |
|---|---|---|
| Minimum Loan Amount | ~500,000 | ~500,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Up to 80% of appraised value |
| Loan Tenure | Up to 20 years | Up to 20 years |
| Eligible Borrowers | Employed, self-employed, OFW | Employed, self-employed, OFW |
| Minimum Age | 21 years old | 21 years old |
| Maximum Age at Maturity | ~65 years old | ~65 years old |
Both PSBank and SB Finance follow fairly standard eligibility requirements for Philippine home loans. If you're also considering other lenders, our Metrobank vs PSBank home loan comparison shows how PSBank stacks up against one of the country's largest banks.
Fees and Charges
| Fee Type | PSBank | SB Finance |
|---|---|---|
| Processing Fee | Approximately 5,000–10,000 | Approximately 5,000–10,000 |
| Appraisal Fee | Charged separately | Charged separately |
| Documentary Stamp Tax | Borrower's account | Borrower's account |
| Mortgage Registration Fee | Borrower's account | Borrower's account |
| Early Repayment Penalty | May apply within lock-in period | May apply within lock-in period |
Fee structures are based on general market knowledge and may not reflect current promotions or policy changes. Confirm all fees directly with PSBank or SB Finance before signing any agreement.
When comparing lenders, always ask for the full breakdown of upfront and ongoing fees — these can add up quickly and affect your true cost of borrowing.
Application Process
| Step | PSBank | SB Finance | Nook |
|---|---|---|---|
| Where to Apply | Branch or online | Branch or online | 100% online |
| Broker Assistance | None | None | Dedicated mortgage specialist |
| Rate Shopping | Single bank only | Single bank only | Multiple partner banks |
| Cost to Borrower | Fees apply | Fees apply | Free (broker fee paid by bank) |
| Processing Time | 2–4 weeks (approx.) | 2–4 weeks (approx.) | Guided throughout |
One key advantage of working with Nook is that you're not limited to a single bank's rates. Nook shops across multiple partner banks on your behalf — at no cost to you — so you always know you're getting the most competitive offer available.
SB Finance vs PSBank: Which Is Better for Refinancing?
If you're looking to refinance an existing home loan, neither PSBank nor SB Finance consistently offers rates that beat what's available through Nook's partner banks. With refinance rates starting at 5.99% p.a., Nook's network can often undercut both lenders by 1.25 to 1.5 percentage points or more.
If you're currently with SB Finance and wondering what else is out there, our GoTyme vs SB Finance home loan comparison is also worth reading for more context on alternative lenders in this space.
For most borrowers carrying a loan above 2,000,000 at rates of 7% or higher, refinancing through Nook is likely to generate substantial savings — often 500,000 or more over the loan term — with zero broker fees.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
What is the current home loan interest rate at PSBank?
PSBank's home loan rates are approximately 7.50% p.a. or higher, depending on your loan amount, tenure, and repricing period chosen. These are approximate figures based on publicly available market information and are subject to change. We recommend contacting PSBank directly or speaking with a Nook mortgage specialist to get the most current rates.
What is the current home loan interest rate at SB Finance?
SB Finance's home loan rates are approximately 7.25% p.a. or higher, subject to your specific loan profile and the repricing term you select. These rates are indicative only and may have changed since publication. Always verify directly with SB Finance or through a licensed mortgage broker like Nook.
Can I refinance my PSBank home loan through Nook?
Yes. If you currently have a home loan with PSBank, Nook can help you explore refinancing options with its partner banks. If your current rate is above 7%, there's a strong chance Nook can help you access rates as low as 5.99% p.a. — potentially saving you hundreds of thousands of pesos over the life of your loan. Nook's service is completely free to borrowers.
Can I refinance my SB Finance home loan through Nook?
Yes. Nook works with homeowners currently paying above-market rates with any lender, including SB Finance. A Nook mortgage specialist can assess your current loan and show you whether refinancing to a partner bank at 5.99% p.a. makes financial sense for your situation.
How much can I save by refinancing from PSBank or SB Finance to a lower rate?
On a 3,000,000 loan over 20 years, refinancing from 7.50% to 5.99% p.a. could save you approximately 619,680 in total interest. Even refinancing from 7.25% to 5.99% could save around 528,720. Savings vary based on your outstanding balance, remaining loan term, and applicable fees — use Nook's free calculator or speak to a specialist to get a personalised estimate.
Is Nook's mortgage broker service really free?
Yes. Nook is paid a referral fee by the partner bank when a loan is successfully arranged — you, the borrower, pay nothing for Nook's service. You still pay the standard bank fees (processing, appraisal, government charges), but there is no additional broker fee charged to you.
What documents do I need to refinance my home loan through Nook?
Typical requirements include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for the self-employed), your current loan statement, and property documents. Nook's mortgage specialists will guide you through the full document checklist based on your specific situation.
How long does refinancing take with Nook?
The timeline varies depending on the partner bank and the completeness of your documents, but most refinancing transactions are completed within 4 to 8 weeks. Nook's specialists actively manage the process and keep you informed every step of the way.