Interest Rates Comparison
BDO Unibank (Nook Partner)
- 1-Year Fixed Rate: 6.00%
- Home Equity Rate: 6.00%
- Rate Type: Promotional
BPI Family Savings Bank (Nook Partner)
- 1-Year Fixed Rate: 6.70%
- 5-Year Fixed Rate: 6.50%
- Home Equity Rate: 6.70%
Metrobank (Non-Partner)
- Standard Rates: 7.00% - 10.00% (approximate)
- Note: Rates shown are estimates based on publicly available information
Monthly Payment Comparison
For a 5,000,000 loan over 20 years:
| Bank | Interest Rate | Monthly Payment | Total Interest | Savings vs Metrobank* |
|---|---|---|---|---|
| BDO Unibank | 6.00% | 35,821 | 3,597,040 | 1,672,560 |
| BPI Family (5-Year) | 6.50% | 37,082 | 3,899,680 | 1,369,920 |
| BPI Family (1-Year) | 6.70% | 37,640 | 4,033,600 | 1,236,000 |
| Metrobank (Est.) | 8.50% | 43,391 | 5,269,600 | - |
*Estimated savings compared to Metrobank's approximate 8.5% rate
Eligibility Requirements
BDO Unibank
- Minimum Monthly Income: 50,000
- Maximum DTI: 40%
- Typical Approval Time: 30 days
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
BPI Family Savings Bank
- Minimum Monthly Income: 40,000
- Maximum DTI: 40%
- Typical Approval Time: 52 days
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
Metrobank
- Minimum Monthly Income: Varies by branch
- Maximum DTI: Typically 30-40%
- Typical Approval Time: 45-60 days
- Employment Types: Standard employment verification required
Loan Purpose Flexibility
BDO Unibank
Supports: Home Equity, Foreclosed Properties, New Construction, Pre-Selling, Ready For Occupancy (RFO), Renovation, Reselling
BPI Family Savings Bank
Supports: Foreclosed Properties, Home Equity, New Construction, Pre-Selling, Ready For Occupancy (RFO), Refinancing, Renovation, Reselling
Metrobank
Standard home loan purposes including purchase, construction, and refinancing (specific terms vary)
Why Choose Nook Partner Banks?
- Verified Rates: All BDO and BPI rates shown are verified and current through our partnership
- Free Broker Service: No cost to you - we handle the application process
- Streamlined Process: Direct access to bank decision makers
- Expert Guidance: Professional support throughout your refinancing journey
- Multiple Options: Compare verified rates from trusted partner banks
For those considering BDO vs Metrobank refinancing options, our partner bank rates provide clear advantages over traditional market rates.
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Compare My Options →Frequently Asked Questions
Which bank offers the lowest home loan rates among BDO, BPI, and Metrobank?
BDO Unibank currently offers the lowest rates at 6.00% for both 1-year fixed and home equity loans through Nook's partnership program. BPI Family Savings Bank follows with competitive rates of 6.50% (5-year fixed) to 6.70% (1-year fixed), while Metrobank's standard rates typically range from 7-10% based on market conditions.
What's the difference in monthly payments between these three banks?
For a 5,000,000 loan over 20 years, BDO's 6.00% rate results in monthly payments of 35,821, BPI's 6.50% rate requires 37,082 monthly, while Metrobank's estimated 8.50% rate would cost approximately 43,391 per month. This means BDO can save you over 90,000 annually compared to typical Metrobank rates.
Which bank has the most flexible eligibility requirements?
BPI Family Savings Bank offers the most accessible entry point with a minimum monthly income requirement of just 40,000, compared to BDO's 50,000 minimum. Both Nook partner banks accept various employment types including OFWs, self-employed, and BPO workers, with a maximum 40% debt-to-income ratio.
How long does loan approval take with each bank?
BDO Unibank typically approves loans within 30 days, making it the fastest option. BPI Family Savings Bank processes applications in approximately 52 days, while Metrobank generally takes 45-60 days for approval. Working with Nook can help streamline the process with our partner banks.
Can I refinance any type of property with these banks?
Both BDO and BPI Family Savings Bank through Nook offer extensive loan purpose flexibility, including home equity, foreclosed properties, new construction, pre-selling units, RFO properties, renovation, and reselling. BPI additionally covers refinancing explicitly. Metrobank supports standard home loan purposes, though specific terms may vary by branch.
Are the rates shown for BDO and BPI guaranteed?
Yes, the rates shown for BDO Unibank (6.00%) and BPI Family Savings Bank (6.50-6.70%) are verified current rates available through Nook's partnership program. Metrobank rates are estimates based on publicly available information. All interest rates are subject to change and final approval depends on your creditworthiness and loan assessment.