Interest Rates Comparison
BDO Unibank (Nook Partner)
- 1-Year Fixed Rate: 6.00%
- Home Equity Rate: 6.00%
- Verified partner bank rates
BPI Family Savings Bank (Nook Partner)
- 5-Year Fixed Rate: 6.50%
- 1-Year Fixed Rate: 6.70%
- Home Equity Rate: 6.70%
Metrobank
- Standard refinance rates (approximate)
- Rates subject to verification
- Based on publicly available information
Monthly Payment Comparison
For a 3,000,000 refinance loan over 20 years:
Total Interest: 2,158,080
Total Interest: 2,348,640
Total Interest: 3,022,320
Potential monthly savings with BDO: Up to 3,601 vs Metrobank
Eligibility Requirements
BDO Unibank
- Minimum Monthly Income: 50,000
- Maximum DTI Ratio: 40%
- Employment: Private, Government, BPO, OFW, Self-Employed
- Typical Approval: 30 days
BPI Family Savings Bank
- Minimum Monthly Income: 40,000
- Maximum DTI Ratio: 40%
- Employment: Private, Government, BPO, OFW, Self-Employed
- Typical Approval: 52 days
Metrobank
- Minimum income requirements vary
- Standard DTI requirements apply
- Processing time varies by branch
- Direct application required
Loan Purposes Supported
BDO & BPI (Nook Partners)
- Home Equity Loans
- Foreclosed Property Financing
- New Construction
- Pre-Selling Units
- Ready For Occupancy (RFO)
- Refinancing/Takeout
- Renovation Loans
- Reselling Properties
Metrobank
- Standard home loan products
- Refinancing options available
- Specific terms vary by product
- Contact bank for detailed eligibility
Why Choose Nook Partner Banks
Verified Competitive Rates
BDO and BPI rates shown are verified and available through Nook's partner network, ensuring you get the advertised rates.
Free Broker Service
Get expert guidance throughout your refinancing process at no cost to you - Nook's service is 100% free to borrowers.
Streamlined Processing
Leverage Nook's established relationships with partner banks for faster approvals and smoother transactions.
Interest rates are subject to change and borrowers should verify current rates. Metrobank rates shown are approximate based on publicly available information.
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Compare My Options →Frequently Asked Questions
Which bank offers the lowest refinance rate among BDO, BPI, and Metrobank?
BDO Unibank offers the lowest rate at 6.00% p.a. for both 1-year fixed and home equity loans through Nook's partner network. BPI follows closely with 6.50% for 5-year fixed rates, while Metrobank's standard rates typically range from 7-9%.
How much can I save by refinancing from Metrobank to BDO or BPI?
On a 3,000,000 loan over 20 years, switching from Metrobank (8.00%) to BDO (6.00%) could save you 3,601 per month and 864,240 in total interest. BPI's 6.50% rate would save you 2,807 monthly and 673,680 in total interest compared to Metrobank.
What are the income requirements for BDO vs BPI refinancing?
BPI has a lower minimum income requirement at 40,000 monthly compared to BDO's 50,000 requirement. Both banks accept various employment types including private employees, government workers, BPO staff, OFWs, and self-employed professionals, with a maximum 40% debt-to-income ratio.
How long does the approval process take for each bank?
BDO typically processes refinance applications in 30 days, while BPI takes approximately 52 days. Metrobank's processing time varies by branch and application complexity. Working with Nook can help streamline the process for partner banks BDO and BPI.
Can I use Nook's service for all three banks?
Nook provides full broker services for partner banks BDO and BPI, including rate verification, application assistance, and processing support at no cost. For Metrobank, you would need to apply directly with the bank, as they are not currently in Nook's partner network.
Which bank is best for different loan purposes?
Both BDO and BPI support comprehensive loan purposes including home equity, foreclosed properties, new construction, pre-selling units, RFO properties, refinancing, renovation, and reselling. Metrobank offers standard home loan products but specific eligibility varies. BPI's lower income requirement makes it more accessible for diverse borrower profiles.