BDO vs BPI

BDO vs BPI vs Metrobank Housing Loan: At a Glance

Choosing between the Philippines' three biggest banks for a home loan or refinancing? This page puts BDO Unibank, BPI Family Savings Bank, and Metrobank side by side across the metrics that matter most: interest rates, eligibility requirements, approval speed, and loan terms. Note that BDO and BPI are verified Nook partner banks — rates shown are confirmed and current. Metrobank rates are approximate, based on publicly available information, and subject to change.

* Metrobank rates and requirements are approximate, based on publicly available information as of 2026, and are subject to change without notice. Always verify directly with Metrobank before applying.

Interest Rates Compared

Interest rate is the single biggest factor in your total loan cost over 15–25 years. Even a 0.50% difference can translate to hundreds of thousands of pesos in savings — or extra costs.

BDO Housing Loan Rates

BDO Unibank offers the most competitive rate in this comparison at 6.00% p.a. for 1-year fixed, and the same 6.00% applies to home equity loans. As a Nook partner bank, these rates are verified and accessible when you apply through Nook at no cost to you.

BPI Housing Loan Rates

BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. — making it uniquely attractive for borrowers who want longer payment certainty. The 5-year fixed at 6.50% is actually lower than the 1-year fixed, which is unusual and worth considering if you prefer locking in a stable rate for five years. BPI's home equity rate is also 6.70% p.a.

Metrobank Housing Loan Rates

Metrobank's housing loan rates are not published in a verified format through Nook, and publicly available information suggests rates typically range from approximately 7.00% to 9.00% p.a. depending on the fixing period and loan amount. These rates are higher than both BDO and BPI, and borrowers should request a formal quote directly from Metrobank to confirm.

What the Rate Difference Means in Pesos

To illustrate the real-world impact: on a 3,000,000 loan over 20 years, the difference between a 6.00% rate (BDO) and an approximate 7.50% rate (Metrobank mid-range) is roughly 15,000–18,000 per month versus around 17,500–20,500 per month — a gap of over 600,000 in total interest paid over the life of the loan. This is why choosing the right bank matters enormously. For a broader look at how these banks compare on rate, see our BDO vs BPI vs Metrobank home loan rates comparison for 2026.

Eligibility Requirements Compared

Meeting a bank's eligibility requirements is just as important as getting a good rate. Here's how the three banks differ.

Employment Types Accepted

BDO accepts: Private employees, Government employees, BPO workers, OFWs and Seafarers, Self-Employed individuals, and Professionals. This is one of the most inclusive lists in the market.

BPI accepts the same broad range: Private employees, Government employees, BPO workers, OFWs and Seafarers, Self-Employed individuals, and Professionals.

Metrobank generally accepts salaried employees, self-employed individuals, and OFWs, though specific eligibility criteria should be confirmed directly with the bank as requirements may vary by product.

Minimum Income

BPI has the lowest minimum monthly income requirement at 40,000, making it accessible to more borrowers. BDO requires a minimum of 50,000 per month. Metrobank's minimum is approximately 50,000–60,000 per month based on publicly available information — making it the most restrictive of the three.

Loan Purposes Covered

Both BDO and BPI cover a wide range of loan purposes: home equity, foreclosed properties, new construction, pre-selling units, ready-for-occupancy (RFO) properties, renovation, reselling, and refinancing. This makes them suitable for virtually any residential transaction. Metrobank also covers standard purchase and refinancing purposes, but borrowers should verify availability of specific loan types directly.

Approval Speed and Processing

Approval timelines matter — especially if you're racing to close a property deal or refinance before your current rate reprices.

• BDO: Typical approval time of approximately 30 days — the fastest among the three, making it a strong choice when speed is a priority.
• BPI: Typical approval time of approximately 52 days — longer, but still predictable. BPI's thorough underwriting process is well-regarded by brokers and agents.
• Metrobank: Approval timelines vary and are not confirmed through Nook. Based on general market feedback, processing typically takes 30–60 days, but this is not guaranteed and can depend on branch workload and document completeness.

When you apply through Nook for BDO or BPI, our team helps you prepare and organize your documents upfront — which significantly reduces delays and back-and-forth with the bank.

Refinancing: Which Bank is Best?

If you're an existing homeowner looking to lower your monthly payments by switching banks, this comparison is especially relevant. Many Filipino homeowners are still paying rates of 7%–10% on loans taken out several years ago, and refinancing to 6.00% through BDO (or 6.50%–6.70% through BPI) can produce meaningful monthly savings.

For example, if you have a remaining balance of 2,500,000 on a loan currently priced at 8.50% p.a. and you refinance to BDO at 6.00% p.a. over 15 years, your monthly payment could drop from approximately 24,600 to around 21,100 — saving roughly 3,500 per month, or 42,000 per year.

BDO and BPI both explicitly support refinancing as a loan purpose. Metrobank also offers refinancing, but with higher approximate rates, the savings may be less compelling. For a full breakdown of refinancing options across multiple banks, see our home loan Philippines bank options guide for 2026.

Nook's service is completely free for borrowers. We compare BDO and BPI (and other partner banks) on your behalf, handle the paperwork, and submit your application — at zero cost to you.

Fees and Other Costs

Beyond the interest rate, home loans come with processing fees, appraisal fees, documentary stamp taxes, and other charges. While exact fee schedules vary and should be confirmed with each bank, here's what to generally expect:

• BDO: Processing fees and appraisal fees apply. Specific amounts vary by loan size and property type. Nook will help you get a complete fee breakdown before you commit.
• BPI: Similar fee structure. BPI is known for transparent disclosure of charges during the application process.
• Metrobank: Processing and miscellaneous fees apply. Borrowers should request a full schedule of charges from Metrobank directly, as fees are not verified through Nook.

As a rule of thumb, always ask for the Annual Percentage Rate (APR) rather than just the nominal interest rate — APR includes fees and gives you a truer picture of total borrowing cost.

Why Apply Through Nook?

Nook is the Philippines' first digital mortgage broker. We work directly with BDO and BPI as verified partner banks, which means:

• The rates you see on this page are confirmed and current — not estimates
• Our team handles your application end-to-end, from document checklist to bank submission
• You can compare multiple banks in one place without filling out multiple forms
• Our service is 100% free — we are paid by the bank, not by you

If you're comparing Metrobank independently, you'll need to apply directly and negotiate without broker support. With Nook's partner banks, you get a dedicated mortgage advisor at no extra cost.