BDO vs BPI vs Metrobank: Quick Rate Snapshot (2026)
Interest rates are the single biggest factor in your monthly payment. Here's where each bank stands today based on the latest available data. Note that Metrobank rates shown are approximate based on publicly available information and are subject to change — always request a formal quote directly from the bank or through a broker.
| Bank | 1-Year Fixed Rate | 5-Year Fixed Rate | Home Equity Rate | Data Source |
|---|---|---|---|---|
| BDO Unibank | 6.00% p.a. | — | 6.00% p.a. | Nook Verified Partner |
| BPI Family Savings Bank | 6.70% p.a. | 6.50% p.a. | 6.70% p.a. | Nook Verified Partner |
| Metrobank | ~7.00–8.50% p.a.* | ~7.50–9.00% p.a.* | Inquire directly | Approximate / Public Info |
*Metrobank rates are approximate, based on publicly available information as of early 2026, and are subject to change without notice. Verify directly with Metrobank before making any financial decision. BDO and BPI rates are verified through Nook's partner bank network.
Monthly Payment Comparison: How Much Could You Save?
To make this tangible, here's a side-by-side monthly payment estimate on a P3,000,000 home loan over 20 years at each bank's 1-year fixed rate. These figures are illustrative and based on a simple amortization model.
| Bank | Rate | Est. Monthly Payment | Total Interest (20 yrs) |
|---|---|---|---|
| BDO Unibank | 6.00% p.a. | ~21,494 | ~2,158,560 |
| BPI Family Savings Bank | 6.70% p.a. | ~22,612 | ~2,426,880 |
| Metrobank (est.) | ~7.50% p.a.* | ~23,996 | ~2,759,040 |
On a P3,000,000 loan, choosing BDO over a Metrobank rate of around 7.50% could save you over 600,000 in interest across the loan term — a significant difference worth taking seriously. If you're currently paying above 7%, you may want to explore refinancing your home loan to a lower rate through BDO or BPI.
Eligibility Requirements: Who Qualifies?
Before chasing the lowest rate, make sure you actually qualify. Here's how each bank's requirements stack up.
| 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%* |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Varies — inquire directly* |
| Typical Approval Time | ~30 days | ~52 days | ~30–45 days* |
| Nook Partner (Free Service) | ✅ Yes | ✅ Yes | ❌ No |
*Metrobank figures are approximate based on publicly available information. Verify current requirements directly with Metrobank.
BPI Family Savings Bank stands out for borrowers with a monthly income closer to P40,000, as it has the lowest verified minimum income requirement among the three. BDO is notable for its fast 30-day approval window — one of the quickest among major Philippine banks. For a deeper look at what documents and requirements each bank asks for, see our complete housing loan requirements comparison for BPI, BDO, and Metrobank.
Loan Purposes: What Can You Use the Loan For?
Not every bank will finance every type of property or transaction. Here's what each bank covers.
| Loan Purpose | BDO Unibank | BPI Family Savings Bank | Metrobank |
|---|---|---|---|
| Refinancing | ✅ | ✅ | ✅* |
| Home Equity / Cash-Out | ✅ | ✅ | Inquire* |
| Ready For Occupancy (RFO) | ✅ | ✅ | ✅* |
| Pre-Selling | ✅ | ✅ | ✅* |
| New Construction | ✅ | ✅ | ✅* |
| Renovation | ✅ | ✅ | Inquire* |
| Foreclosed Properties | ✅ | ✅ | Inquire* |
| Reselling | ✅ | ✅ | ✅* |
*Metrobank loan purposes are based on general market knowledge. Confirm availability and eligibility directly with Metrobank.
Both BDO and BPI through Nook cover the full range of home loan purposes — including refinancing and home equity loans — making them highly versatile options for Filipino borrowers at different life stages.
Why Applying Through Nook Makes a Difference
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. Here's what you get when you apply through Nook instead of going directly to each bank:
- Access to verified partner rates from BDO and BPI — no guesswork, no outdated rate cards
- Side-by-side comparison of multiple banks with a single application
- Dedicated mortgage advisor who guides you from application to approval
- Faster processing support — we know what each bank needs and help you prepare your documents right the first time
- Zero broker fee — banks pay Nook, not you
If you're currently paying above 7% on your existing home loan, refinancing through Nook could save you tens of thousands — or more — over the remaining life of your loan. The best available refinance rate through Nook is currently 5.99% p.a.
The Bottom Line: Which Bank Should You Choose?
If rate is your top priority and you qualify, BDO at 6.00% p.a. is the lowest verified rate available through Nook in 2026. BPI at 6.70% is a strong alternative — especially if your income is closer to P40,000 per month — and also offers a competitive 5-year fixed option at 6.50% for borrowers who want longer rate certainty. Metrobank may be worth exploring if you have an existing relationship with the bank, but you should get a formal rate quote and compare it against BDO and BPI before deciding. The smartest move? Let Nook do the comparison for you — for free.
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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 data from Nook's partner bank network, BDO Unibank currently offers the lowest 1-year fixed rate at 6.00% p.a. BPI Family Savings Bank follows at 6.70% p.a. for a 1-year fixed rate, or 6.50% p.a. for a 5-year fixed rate. Metrobank's rates are not directly verified through Nook but are generally estimated at 7.00–8.50% p.a. based on publicly available information — confirm directly with Metrobank for a formal quote. All rates are subject to change.
What is the minimum monthly income required for a BDO, BPI, or Metrobank home loan?
BPI Family Savings Bank has the lowest verified minimum monthly income requirement at P40,000. BDO Unibank requires a minimum of P50,000 per month. Metrobank's minimum income requirement is approximately P40,000–P50,000 based on publicly available information, but you should confirm current requirements directly with the bank before applying.
How long does it take to get approved for a home loan at each bank?
BDO Unibank typically processes home loan applications in around 30 days, making it one of the faster options among major Philippine banks. BPI Family Savings Bank typically takes around 52 days for approval. Metrobank's approval timeline is approximately 30–45 days based on general market knowledge. Applying through Nook can help streamline the process at BDO and BPI, as our advisors ensure your documents are complete and correctly prepared from the start.
Can I refinance my existing home loan with BDO, BPI, or Metrobank?
Yes — all three banks offer home loan refinancing. Through Nook, you can refinance to BDO at 6.00% p.a. or BPI at 6.70% p.a. (1-year fixed), with the best available refinance rate through Nook currently at 5.99% p.a. If you're currently paying 7% or more on your existing loan, refinancing could save you a significant amount over the remaining loan term. Nook's refinancing service is 100% free for borrowers.
Is Nook's mortgage broker service really free?
Yes, completely free for borrowers. Nook is compensated by the partner banks — not by you. You get access to verified rates, a dedicated mortgage advisor, and full application support at no cost. There are no hidden fees, no broker charges, and no obligation to proceed after your initial consultation.
Should I go directly to BDO, BPI, or Metrobank, or apply through Nook?
Applying through Nook gives you access to verified rates from BDO and BPI with a single application — saving you the time and effort of approaching each bank separately. Nook's advisors also help ensure your documents are in order, which can reduce delays. Since the service is free for borrowers, there's no downside to starting with Nook. For Metrobank specifically, you'll need to approach the bank directly as they are not currently a Nook partner.
What types of properties and transactions do BDO and BPI home loans cover?
Both BDO and BPI through Nook cover a wide range of loan purposes including refinancing, home equity, ready-for-occupancy (RFO) properties, pre-selling, new construction, renovation, reselling, and foreclosed properties. This makes them suitable for buyers, existing homeowners looking to refinance, and those seeking to access home equity for other financial needs.