BDO vs BPI vs Metrobank: Interest Rate Comparison 2026
Interest rates are the single biggest factor in your monthly amortization and total loan cost. Here's how the three banks compare based on verified and publicly available data as of 2026. Note that all rates are subject to change — always verify current rates before applying.
| Bank | 1-Year Fixed Rate | 5-Year Fixed Rate | Home Equity Rate | Data Source |
|---|---|---|---|---|
| BDO Unibank | 6.00% p.a. | Contact bank | 6.00% p.a. | ✅ Verified via Nook |
| BPI Family Savings Bank | 6.70% p.a. | 6.50% p.a. | 6.70% p.a. | ✅ Verified via Nook |
| Metrobank | ~7.00–9.00% p.a.* | ~7.00–9.00% p.a.* | ~7.00–9.00% p.a.* | ⚠️ Approximate only |
*Metrobank rates are approximate estimates based on publicly available information and are subject to change without notice. Metrobank is not a Nook partner bank. Contact Metrobank directly for current rates.
Monthly Amortization Comparison: How Much Would You Actually Pay?
To make the comparison concrete, here's what your monthly amortization would look like on a P3,000,000 home loan over 20 years at each bank's indicative 1-year fixed rate. These figures cover the first repricing period only.
| Bank | Rate Used | Loan Amount | Term | Est. Monthly Payment | Total Interest (20 yrs)* |
|---|---|---|---|---|---|
| BDO Unibank | 6.00% p.a. | P3,000,000 | 20 years | ~P21,491 | ~P2,157,840 |
| BPI Family Savings Bank | 6.70% p.a. | P3,000,000 | 20 years | ~P22,608 | ~P2,425,920 |
| Metrobank | ~8.00% p.a.* | P3,000,000 | 20 years | ~P25,093 | ~P3,022,320 |
*Monthly payment estimates are for illustrative purposes only, using the stated fixed rates applied for the full 20-year term. In practice, rates reprice after the fixed period. Metrobank figure uses a midpoint estimate of 8.00% p.a. and is not verified. Actual payments will vary based on final approved rate, fees, and loan structure. Always request an official loan computation from your bank.
At BDO's 6.00% rate versus a typical 8.00% rate, a borrower with a P3,000,000 loan could save approximately P864,480 in total interest over 20 years — a meaningful difference for any Filipino family.
Eligibility Requirements: Who Can Apply?
Beyond rates, each bank has different minimum requirements. Here's how they compare for key criteria. For a deeper look, see our BPI vs BDO vs Metrobank housing loan requirements comparison.
| Requirement | BDO Unibank | BPI Family Savings Bank | Metrobank* |
|---|---|---|---|
| Min. Monthly Income | P50,000 | P40,000 | ~P40,000–P50,000* |
| Max. Debt-to-Income Ratio | 40% | 40% | ~35–40%* |
| Typical Approval Time | ~30 days | ~52 days | ~30–45 days* |
| OFW / Seafarer Eligible | ✅ Yes | ✅ Yes | ✅ Yes* |
| Self-Employed Eligible | ✅ Yes | ✅ Yes | ✅ Yes* |
| Refinancing Available | ✅ Yes | ✅ Yes | ✅ Yes* |
| Nook Partner (Free Broker) | ✅ Yes | ✅ Yes | ❌ No |
*Metrobank requirements are approximate based on publicly available information and subject to change. Verify directly with Metrobank for current eligibility criteria.
BPI's lower minimum income threshold of P40,000 makes it the most accessible of the three verified banks, particularly for younger professionals, government employees, and BPO workers. BDO's faster typical approval time of 30 days (versus BPI's 52 days) is a significant advantage for buyers with a tight closing deadline.
Loan Purposes Each Bank Supports
Not all home loans are created for the same purpose. Here's what each bank will finance:
| Loan Purpose | BDO Unibank | BPI Family Savings Bank | Metrobank* |
|---|---|---|---|
| Refinancing | ✅ | ✅ | ✅* |
| Ready for Occupancy (RFO) | ✅ | ✅ | ✅* |
| Pre-Selling / New Construction | ✅ | ✅ | ✅* |
| Home Equity / Cash-Out | ✅ | ✅ | ✅* |
| Renovation | ✅ | ✅ | ✅* |
| Foreclosed Properties | ✅ | ✅ | ✅* |
| Reselling | ✅ | ✅ | ✅* |
*Metrobank loan purposes are based on publicly available information and subject to change.
Refinancing: Should You Switch Banks?
If you're currently paying 7%, 8%, or more on an existing home loan — whether with BDO, BPI, Metrobank, or another bank — refinancing could dramatically reduce your monthly payments and total interest cost. For example, refinancing a P3,000,000 balance from 8.00% to BDO's 6.00% rate saves approximately P3,588 per month in amortization alone.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We compare verified rates from BDO, BPI, and other partner banks on your behalf, handle the paperwork, and guide you through the entire process — at no cost to you. For a detailed look at refinance-specific rates, see our BDO vs BPI vs Metrobank refinance rates comparison.
Not sure which bank is right for you? Nook will match you with the best available rate from our verified partner banks — for free. No obligation, no hidden fees.
The Nook Advantage: Why Apply Through a Broker?
Applying directly to a bank means you only see that one bank's rates. Applying through Nook means a qualified mortgage specialist compares multiple verified partner banks simultaneously — giving you access to the best available rate without the legwork. Here's what you get:
- ✅ Verified, up-to-date rates from partner banks including BDO and BPI
- ✅ Free service — Nook is paid by the bank, not the borrower
- ✅ Single application, multiple bank options
- ✅ Dedicated support from pre-qualification to loan release
- ✅ Ideal for refinancing, purchase, or home equity loans
The best rate currently available through Nook is 5.99% p.a. — significantly below the 7–10% that most Filipino homeowners are currently paying.
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Compare My Options →Frequently Asked Questions
Which bank has the lowest home loan rate in 2026 — BDO, BPI, or Metrobank?
Based on verified rates available through Nook, BDO Unibank currently offers the lowest 1-year fixed rate at 6.00% p.a., followed by BPI Family Savings Bank at 6.70% p.a. Metrobank's rates are not verified through Nook but are generally estimated at 7.00–9.00% p.a. based on publicly available information. Rates are subject to change, so we recommend checking current rates through Nook for the most up-to-date comparison.
How much can I save by choosing BDO over Metrobank for a home loan?
On a P3,000,000 home loan over 20 years, choosing BDO at 6.00% p.a. versus an estimated Metrobank rate of 8.00% p.a. could save you approximately P864,480 in total interest over the life of the loan. Monthly payments would be approximately P21,491 at BDO versus P25,093 at Metrobank — a monthly saving of over P3,600. These are estimates for illustrative purposes; actual savings will depend on your approved rate and loan structure.
What is the minimum monthly income to qualify for a BDO or BPI home loan?
BDO Unibank requires a minimum monthly income of P50,000, while BPI Family Savings Bank has a lower threshold of P40,000. Both banks accept a variety of employment types including private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and professionals. If you earn between P40,000 and P50,000 per month, BPI may be the more accessible option.
How long does home loan approval take at BDO vs BPI vs Metrobank?
BDO typically processes home loan approvals in approximately 30 days, making it the fastest of the three banks. BPI Family Savings Bank typically takes around 52 days. Metrobank's approval timeline is approximately 30–45 days based on publicly available information, though this is not verified through Nook. If you have a time-sensitive purchase, BDO's faster processing may be an important factor in your decision.
Can I refinance my Metrobank home loan with BDO or BPI?
Yes. Both BDO and BPI accept refinancing applications from borrowers who currently have a home loan with another bank, including Metrobank. If you're currently paying 7% or more with Metrobank, refinancing to BDO's 6.00% p.a. rate through Nook could result in significant monthly and long-term savings. Nook's refinancing service is 100% free to the borrower — we handle the comparison and paperwork on your behalf.
Is BDO or BPI better for OFWs applying for a home loan?
Both BDO and BPI explicitly support OFW and seafarer applicants for home loans. BDO's lower starting rate of 6.00% p.a. and faster 30-day approval make it a strong choice for OFWs who want the lowest rate and a quicker process. BPI's lower minimum income requirement of P40,000 may be advantageous for OFWs with moderate remittance income. Nook can help OFWs navigate the application process for either bank remotely and for free.
Does applying through Nook cost anything?
No. Nook's mortgage brokering service is completely free to the borrower. Nook is compensated by the bank, not by you. Using Nook gives you access to verified, competitive rates from multiple partner banks — including BDO and BPI — through a single application, with dedicated support throughout the entire process at no additional cost.
What is the best home loan rate currently available in the Philippines?
The best home loan refinance rate currently available through Nook is 5.99% p.a. — well below the 7–10% that most Filipino homeowners are currently paying. This rate is subject to change and eligibility requirements apply. Submit your details through Nook to find out if you qualify for this rate or to see the best available rate for your specific loan amount, income, and property type.