BDO vs Metrobank

BDO vs Metrobank Home Loan: Quick Comparison Table

Below is a side-by-side snapshot of both banks based on the most current available data. BDO rates are verified and locked in as a Nook partner bank. Metrobank rates are approximate, based on publicly available information, and subject to change — always verify directly with the bank.

*Metrobank figures are approximate and based on publicly available information as of 2026. Rates and terms are subject to change. Verify current rates directly with Metrobank.

Interest Rates: How Much Could You Actually Save?

The interest rate is the single biggest lever in your home loan cost. Even a 1–2 percentage point difference compounds dramatically over a 20-year term. Here's a real-world illustration using a 3,000,000 loan over 20 years:

At 6.00% vs. an estimated 7.75%, you could save roughly 714,720 in total interest over 20 years on a 3,000,000 loan. If you're currently paying 9% or more, the savings from refinancing to BDO via Nook are even more dramatic. See our BDO vs Metrobank refinance rates comparison for a deeper look at what switching could mean for your existing loan.

*Monthly payment estimates are illustrative, calculated on a simple amortization basis. Actual payments will vary based on loan term, fixing period, fees, and bank assessment. Metrobank rate is an approximation only.

Eligibility & Income Requirements

Both banks target middle-to-upper income borrowers, but BDO's requirements are clearly documented through Nook, making it easier to self-qualify before you even apply.

BDO Home Loan Eligibility (via Nook)

• Minimum monthly income: 50,000
• Maximum debt-to-income ratio: 40%
• Employment types: Private employees, government workers, BPO employees, OFWs and seafarers, self-employed professionals, and business owners
• Loan purposes: Refinancing, home equity, RFO, pre-selling, new construction, renovation, reselling, and foreclosed properties
• Filipino citizens and qualified foreign nationals

Metrobank Home Loan Eligibility (Approximate)

• Minimum monthly income: Approximately 50,000–60,000 (varies by product)*
• Employment types: Locally employed, self-employed, OFWs (eligibility criteria vary)*
• Loan purposes: Purchase, construction, renovation, refinancing*
• Age requirement: Typically 21–65 years old at loan maturity*

One key advantage of applying through Nook for BDO: your dedicated broker pre-screens your application before submission, significantly reducing the risk of rejection and wasted time. This service is completely free to you as the borrower.

*Metrobank eligibility details are approximate. Requirements may vary by branch, loan type, and applicant profile. Always verify with Metrobank directly.

Approval Time & Process

Speed matters — whether you're buying a property with a deadline or refinancing to escape a rate repricing.

BDO via Nook

BDO's typical approval timeline is 30 days from complete document submission. When you apply through Nook, your broker helps you compile and verify documents upfront, which minimizes back-and-forth with the bank and helps keep the process on track. Nook also gives you a single point of contact throughout — no more chasing bank officers across branches.

Metrobank

Metrobank's approval timeline is approximately 30–45 days based on publicly available information, though this can vary significantly depending on the branch, loan type, and completeness of documents submitted. There is no dedicated broker service when applying directly with Metrobank, so borrowers manage the process themselves.*

For time-sensitive transactions — such as pre-selling property purchases with developer deadlines or refinancing before a rate repricing date — BDO's verified 30-day timeline through Nook gives you more predictability and support.

*Metrobank processing times are approximate and may vary. Verify current timelines directly with Metrobank.

Refinancing: Which Bank Is Better?

If you already have a home loan and are looking to refinance to a lower rate, the gap between BDO and Metrobank becomes even more significant. BDO's verified 6.00% p.a. rate through Nook is among the lowest currently available in the Philippine market — and when Nook's service is free to you, there's no reason not to explore it.

Metrobank does offer refinancing products, but rates are approximate and you'll need to negotiate directly with the bank without broker support. Many borrowers find this process opaque and time-consuming.*

For a comprehensive three-way comparison that includes BPI, check out our guide on the BDO, BPI, and Metrobank home loan rates in 2026 to see how all three banks stack up.

Nook's best available refinance rate is currently 5.99% p.a. — available through select partner banks. If you're paying 7% or more on your existing loan, refinancing through Nook could save you tens of thousands of pesos per year. The service is 100% free to borrowers.

Fees & Other Costs to Consider

Beyond the interest rate, home loans come with a range of fees that affect the true cost of borrowing. Here's what to keep in mind when comparing BDO and Metrobank:

Common Fees for Both Banks

• Appraisal fee: Typically 3,500–5,000, paid upfront to assess the property value
• Notarial and documentation fees: Vary by loan amount and property location
• Mortgage redemption insurance (MRI): Required by both banks, protects the lender if the borrower passes away
• Fire insurance: Required annually for the property
• Early repayment penalty: Both banks typically charge a penalty if you fully settle during the fixed-rate period — confirm terms before signing

When you apply through Nook, your broker explains all applicable fees upfront so you understand the total cost of your loan before committing. There is no broker fee charged to you — Nook is compensated by the bank.

Fee structures are indicative and subject to change. Always request a full fee disclosure from your chosen bank before proceeding.