Interest Rate Comparison
BDO Unibank (Nook Partner)
- 1-Year Fixed Rate: 6.00%
- Home Equity Rate: 6.00%
- Verified partner rates through Nook
- Free broker service included
Metrobank
- Standard refinance rates (approximate)
- Rates vary by loan amount and term
- Subject to credit assessment
- Direct bank application required
Note: BDO rates shown are verified partner rates available through Nook. Metrobank rates are approximate based on publicly available information and subject to change. All borrowers should verify current rates directly with banks.
Monthly Payment Comparison
Here's how monthly payments compare for a ₱3,000,000 loan over 20 years:
| Bank | Interest Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| BDO (via Nook) | 6.00% | 21,506 | 2,161,520 |
| Metrobank | 8.00% | 25,094 | 3,022,445 |
Potential monthly savings with BDO: ₱3,588
Total interest savings over 20 years: ₱860,925
Eligibility Requirements
BDO Unibank
- Minimum Monthly Income: ₱50,000
- Maximum DTI: 40%
- Employment: Private, Government, BPO, OFW, Self-Employed, Professional
- Typical Processing: 30 days
- Loan Purposes: Home Equity, New Construction, RFO, Renovation, Reselling
Metrobank
- Minimum Monthly Income: Varies (typically ₱40,000-80,000)
- DTI requirements vary by loan amount
- Standard employment verification required
- Processing time: 30-45 days
- Various loan purposes available
Why Choose BDO Through Nook?
Verified Competitive Rates
6.00% guaranteed rate through our partner program - no surprises or rate changes during application.
Free Broker Service
Our expert team handles your entire application process at no cost to you.
Accessible Requirements
₱50,000 minimum income requirement makes homeownership more accessible.
Fast Processing
Streamlined 30-day approval process through our established bank partnership.
Considering other bank combinations? Check out our BDO vs RCBC comparison or explore how Metrobank compares to PNB for additional insights.
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Compare My Options →Frequently Asked Questions
Is BDO's 6.00% rate really better than Metrobank's offerings?
Yes, BDO's verified 6.00% rate through Nook is significantly lower than Metrobank's typical 7-9% range. This represents potential savings of ₱3,588 monthly on a ₱3,000,000 loan, or over ₱860,000 in total interest over 20 years.
What are the income requirements for BDO vs Metrobank refinancing?
BDO requires a minimum monthly income of ₱50,000 with a maximum 40% debt-to-income ratio. Metrobank's requirements typically range from ₱40,000-80,000 depending on the loan amount and may have varying DTI requirements.
How long does the refinancing process take with each bank?
BDO through Nook typically processes applications within 30 days due to our streamlined partner process. Metrobank's standard processing time ranges from 30-45 days, depending on documentation completeness and loan complexity.
Can I get BDO's partner rate directly from the bank?
No, the 6.00% rate is exclusively available through Nook's partnership program. This special rate comes with free broker service and dedicated support throughout your refinancing process.
What types of properties qualify for refinancing with BDO vs Metrobank?
BDO accepts various property types including home equity, new construction, ready-for-occupancy (RFO), renovation projects, and reselling properties. Metrobank also offers refinancing for multiple property types, though specific qualification criteria may vary.
Are there any fees for using Nook's service to access BDO rates?
No, Nook's broker service is completely free to borrowers. You get access to BDO's competitive 6.00% rate plus professional application support at no additional cost.