BDO vs Metrobank

BDO vs Metrobank Housing Loan: At a Glance

Choosing between BDO and Metrobank for your housing loan is one of the most common dilemmas Filipino homebuyers face. Both are established, well-capitalized banks with nationwide branch networks — but the details of their home loan products differ in ways that can cost or save you hundreds of thousands of pesos over the life of your mortgage.

This comparison uses verified rate data for BDO (a Nook partner bank) and approximate publicly available rate information for Metrobank. Rates are subject to change; always verify current offers directly with the bank or through a licensed broker like Nook.

Note: Metrobank rates shown are approximate, based on publicly available information as of 2026, and are subject to change. Contact Metrobank directly or speak to a Nook advisor for the latest figures.

Interest Rate Comparison: What the Numbers Mean for Your Wallet

The difference between a 6.00% and a 7.50% interest rate might not sound dramatic — but on a 20-year mortgage, it translates to a very real difference in your monthly budget and total interest paid.

Let's use a 3,000,000 peso home loan over 20 years as a benchmark example:

At 7.50%, you would pay approximately 642,720 pesos more in interest over 20 years compared to BDO's verified 6.00% rate. At 9.00%, that gap widens to over 1,320,000 pesos — enough to buy a brand-new car or fund your children's college education.

These figures assume a fixed rate held for the full loan term. In practice, Philippine home loans reprice after fixed periods (commonly 1, 3, or 5 years), so the actual total interest will depend on future rate adjustments.

If you're currently paying a higher rate with another bank, you may want to read our BDO vs Metrobank home loan refinance rates comparison to see how much you could save by switching.

Loan Products & Eligible Purposes

Both banks cover the standard range of home loan purposes, but BDO's product lineup — as verified through Nook — is particularly broad.

BDO Housing Loan (Nook Partner)

• ✅ Purchase of Ready-for-Occupancy (RFO) properties
• ✅ Pre-selling condominium and house-and-lot units
• ✅ Reselling / secondary market properties
• ✅ New construction (house on your own lot)
• ✅ Home renovation and improvement
• ✅ Foreclosed property acquisition
• ✅ Refinancing of existing home loans
• ✅ Home equity / cash-out loans

Metrobank Housing Loan

• ✅ Purchase of residential properties
• ✅ House construction
• ✅ Refinancing
• ✅ Home equity
• ⚠️ Specific product availability and eligibility criteria should be confirmed directly with Metrobank

Eligibility & Who Can Apply

Both BDO and Metrobank serve a wide range of Filipino borrowers, including locally employed professionals, OFWs, and self-employed individuals. Here's what we know about their eligibility requirements:

BDO (Verified via Nook)

• Minimum Monthly Income: 50,000 pesos
• Maximum DTI: 40% (your total monthly debt obligations must not exceed 40% of gross monthly income)
• Eligible Employment Types: Private sector employees, Government employees, BPO workers, OFWs and Seafarers, Self-employed individuals, Professionals (doctors, lawyers, accountants, etc.)
• Citizenship: Filipino citizens; some products available to Filipino-foreign couples

Metrobank (Approximate — Verify Directly)

• Minimum Monthly Income: Approximately 50,000 pesos (subject to change)
• Eligible Employment Types: Locally employed, self-employed, OFWs
• Age Requirement: Typically 21–65 years old at loan maturity
• DTI: Not publicly disclosed; assessed case by case

One key advantage of applying through Nook for BDO is that a licensed broker reviews your profile before submission — significantly reducing the risk of a declined application.

Application Process: BDO vs Metrobank

The home loan application process in the Philippines is notorious for being document-heavy and time-consuming. Here's how the two banks compare on process transparency and speed.

Applying through Nook for BDO gives you the benefit of expert guidance and pre-screening — without any cost to you. Nook is compensated directly by the bank, so borrowers pay nothing for the service.

Refinancing: Which Bank Is Better for Switching?

If you already have an existing home loan — whether with BDO, Metrobank, or another bank — refinancing could significantly reduce your monthly payments. BDO's verified 6.00% refinance rate through Nook is among the most competitive in the market today.

Consider this: if you have a remaining loan balance of 4,000,000 pesos with 15 years left and you're currently paying 8.50% interest, refinancing to 6.00% could save you approximately:

• Monthly savings: ~5,300 pesos per month
• Total savings over 15 years: ~954,000 pesos

For a deeper dive into how the two banks stack up specifically for refinancing, see our BDO vs Metrobank home loan refinance rates comparison.

Keep in mind that refinancing involves closing costs (documentary stamp tax, notarial fees, appraisal) which typically range from 1–3% of the loan amount. Your net savings should account for these one-time costs.

Summary: BDO vs Metrobank Housing Loan

This comparison is intended for informational purposes only. All rates are subject to change. Metrobank figures are approximate and based on publicly available information. Always verify current rates and terms directly with the bank or through a licensed broker.