Filipino homeowners comparing BDO vs Metrobank housing loan rates could be leaving serious savings on the table. See how refinancing through Nook — completely free — can cut your monthly payment significantly.
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Why this matters
When you're shopping for the best housing loan in the Philippines, BDO and Metrobank are two names that almost always come up. Both are among the country's largest banks and offer home loan products that cover purchases, construction, and refinancing. But here's what most borrowers don't realise: the rate you see advertised isn't necessarily the rate you'll get — and the difference between banks can mean tens of thousands of pesos a year. If you're currently paying a rate somewhere between 7% and 10%, there's a very real chance you're overpaying. Nook's partner bank BDO offers a verified 1-year fixed rate of 6.00% p.a., which is one of the most competitive refinance rates available in the market today. Metrobank's standard housing loan rates, based on publicly available information, typically fall in the 7% to 9% range depending on the fixed-rate period and your loan profile — but these are approximate and subject to change, so always verify directly with the bank. For a deeper look at how these two banks stack up on refinancing specifically, see our BDO vs Metrobank home loan refinance rates comparison.
Refinancing your housing loan — also called a loan takeout — means moving your existing loan from your current bank to a new lender at a lower interest rate. It's one of the smartest financial moves a homeowner can make, especially if your loan was originated three or more years ago when rates may have been higher, or if you've never explored alternatives since you first signed. The process can feel daunting, but that's exactly what Nook exists to solve. As the Philippines' first digital mortgage broker, Nook handles the comparison, paperwork coordination, and bank negotiations on your behalf — at zero cost to you. Our verified partnership with BDO means we can give you confirmed rate information upfront, not estimates, so you can make a genuinely informed decision before you commit to anything.
Whether you're currently with Metrobank, BDO, or any other Philippine lender, the question worth asking is simple: are you on the best rate available to you right now? With a ₱3,000,000 loan balance and a 20-year remaining term, the difference between an 8.50% rate and BDO's 6.00% partner rate through Nook translates to meaningful monthly savings — money that stays in your pocket every single month. If you're also weighing whether to take out a new loan rather than refinance an existing one, our BDO vs Metrobank home loan rates 2026 comparison covers that angle in detail. Interest rates are subject to change; all figures should be verified before proceeding with any application.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Through Nook's verified partnership with BDO, the current 1-year fixed refinance rate is 6.00% p.a. — one of the most competitive rates in the Philippine market right now. This rate applies to qualified borrowers with a minimum monthly income of ₱50,000 and is available for refinancing, home equity, and other loan purposes. Rates are subject to change, so we recommend checking with Nook for the latest confirmed figures before applying.
Based on publicly available information, Metrobank's standard housing loan rates typically range from approximately 7% to 9% p.a. depending on the fixed-rate period chosen and your individual loan profile. These figures are approximate and subject to change — always verify current rates directly with Metrobank before making any decisions. If you're currently with Metrobank and feel your rate is higher than it should be, refinancing to a Nook partner bank like BDO at 6.00% p.a. may be worth exploring.
Yes — this is one of the most common refinancing scenarios Nook helps with. If you have an existing Metrobank housing loan and want to move it to BDO at a lower rate, Nook can manage the entire process for you at no cost. We'll handle the rate confirmation, document checklist, and application coordination so you don't have to navigate two banks at once.
Savings depend on your current rate, remaining loan balance, and the new rate you qualify for. For example, on a ₱3,000,000 loan with a 20-year remaining term, moving from 8.50% to BDO's 6.00% p.a. partner rate through Nook could save you over ₱4,000 per month — that's more than ₱48,000 per year. Use Nook's free refinancing calculator to get an estimate based on your actual figures.
Yes, Nook's service is 100% free to the borrower. Nook earns a referral fee from the partner bank when your loan is successfully processed — you never pay a broker fee or consultation charge. This means you get expert guidance, verified rate access, and full application support without any out-of-pocket cost on your end.
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