BDO vs Metrobank

BDO vs Metrobank Housing Loan: Rate Comparison

When comparing housing loan rates between BDO and Metrobank, it's important to look at both the headline numbers and the fine print. Here's a side-by-side breakdown based on the most current available data.

* Metrobank figures are approximate, based on publicly available information as of 2025–2026, and are subject to change. Always verify directly with Metrobank for the most current rates and requirements.

Interest Rate Deep Dive

Interest rate is the single biggest factor in how much your housing loan costs you over time. A difference of even 1–2 percentage points can translate to hundreds of thousands of pesos over a 20-year term.

BDO's verified 1-year fixed rate through Nook stands at 6.00% p.a. — one of the most competitive rates available in the Philippine market today. To put this in perspective, if you're borrowing 3,000,000 over 20 years:

• At 6.00% (BDO via Nook): Estimated monthly amortization of approximately 21,492
• At 8.00% (estimated Metrobank): Estimated monthly amortization of approximately 25,093

That's a difference of roughly 3,601 per month — or about 43,212 per year. Over 20 years, you could be paying over 864,000 more in interest at the higher rate. This is exactly why comparing rates carefully — and working with a free broker like Nook — matters so much.

If you're also exploring your refinancing options, see our BDO vs Metrobank home loan refinance rates comparison for a detailed breakdown of how these two banks stack up when switching your existing loan.

Loan Features and Flexibility

Beyond the interest rate, the best housing loan is one that fits your specific situation — whether you're buying a pre-selling condo, refinancing an existing loan, or building from the ground up.

BDO Housing Loan

• Loan purposes: BDO covers a wide range of purposes including home purchase (RFO, pre-selling, reselling), new construction, renovation, home equity, foreclosed properties, and full refinancing.
• Borrower types: BDO accepts private employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals.
• Refinancing: BDO is a strong refinancing option. If you're currently paying above 7% with another bank, refinancing to BDO at 6.00% through Nook can yield significant savings.
• Free broker service: Applying through Nook means you get expert guidance, document review, and bank coordination at zero cost to you.

Metrobank Housing Loan

• Loan purposes: Metrobank generally accommodates home purchase, refinancing, home equity, and renovation loans.
• Borrower types: Typically serves private employees, government workers, and self-employed borrowers. OFW eligibility may vary by branch and case.
• Refinancing: Metrobank does offer refinancing, but without a verified rate through a broker, you'll need to negotiate directly. Rates may be higher than what BDO offers through Nook.
• Direct application only: Metrobank is not currently a Nook partner bank, so applicants must apply directly and manage the process themselves.

Who Should Choose BDO?

BDO is a strong fit if you:

• Want the most competitive verified rate available (6.00% p.a.) without having to negotiate on your own
• Are an OFW, seafarer, or BPO employee who may have difficulty qualifying at other banks
• Are looking to refinance your existing Metrobank or other bank loan and want a streamlined process
• Prefer working with a free digital mortgage broker (Nook) that handles the paperwork for you
• Are buying a pre-selling property or a foreclosed unit, which not all banks readily finance

For a closer look at how BDO and Metrobank compare specifically on refinancing terms, check out our guide on BDO vs Metrobank housing loan takeout rates.

Who Should Choose Metrobank?

Metrobank may be worth considering if you:

• Already have an existing relationship with Metrobank (e.g., payroll account, existing loan) that may yield preferential treatment
• Have received a specific promotional offer directly from a Metrobank branch that is competitive with current market rates
• Prefer to deal with a single bank relationship for all your financial products

That said, we always recommend getting a competing offer — even if only to use as leverage during negotiation. Knowing that BDO offers 6.00% p.a. through Nook gives you a concrete benchmark to bring to any Metrobank conversation.

How Nook Helps You Get the Best Rate

Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We work directly with partner banks like BDO to secure verified rates and streamline the application process — so you don't have to chase documents, visit multiple branches, or guess whether you're getting the best deal.

Here's what you get when you apply through Nook:

• ✅ Access to verified, competitive rates from partner banks
• ✅ Free eligibility check — know your chances before you apply
• ✅ Document assistance and application review
• ✅ Dedicated mortgage specialist support throughout the process
• ✅ Zero broker fees — completely free to the borrower

Note: All interest rates referenced on this page are subject to change. BDO rates are verified through Nook's partner bank agreement as of 2026. Metrobank rates are approximate estimates based on publicly available information and should be confirmed directly with Metrobank.