Interest Rates Comparison
BDO Unibank (Nook Partner)
- 1-Year Fixed: 6.00%
- Home Equity: 6.00%
- Processing: 30 days
- Min Income: ₱50,000
Security Bank (Nook Partner)
- 1-Year Fixed: 6.99%
- 5-Year Fixed: 6.75%
- Home Equity: 7.50%
- Processing: 23 days
- Min Income: ₱50,000
Metrobank
- Standard Rate: ~8.00-9.00%*
- Processing: 30-45 days
- Min Income: Varies by product
*Approximate rates based on publicly available information, subject to change
Monthly Payment Comparison
For a ₱3,000,000 home loan over 20 years:
| Bank | Interest Rate | Monthly Payment | Total Interest | Savings vs Metrobank |
|---|---|---|---|---|
| BDO Unibank | 6.00% | ₱21,508 | ₱2,161,920 | ₱720,480 |
| Security Bank | 6.99% | ₱23,227 | ₱2,574,480 | ₱308,000 |
| Metrobank | 8.50% | ₱26,021 | ₱3,245,040 | - |
Eligibility & Requirements
BDO Unibank
- Minimum monthly income: ₱50,000
- Maximum DTI: 40%
- Employment: Private, Government, BPO, OFW, Self-Employed, Professional
- Loan purposes: Home Equity, Foreclosed, New Construction, Pre-Selling, RFO, Renovation, Reselling
Security Bank
- Minimum monthly income: ₱50,000
- Maximum DTI: 40%
- Employment: Private, Government, BPO, OFW, Self-Employed, Professional, Freelancer
- Loan purposes: Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling
Metrobank
- Income requirements vary by product
- Standard documentation required
- Employment verification needed
- Property evaluation required
Why Choose Nook Partner Banks?
Both BDO and Security Bank are verified Nook partner banks, offering significant advantages:
- Verified competitive rates - Guaranteed accurate pricing
- Free broker service - No cost to you for expert guidance
- Streamlined application - Simplified process through Nook
- Faster processing - Direct partnership benefits
- Expert support - Professional assistance throughout
For additional insights, see our comprehensive three-bank refinancing comparison or explore our detailed Security Bank vs Metrobank analysis.
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Compare My Options →Frequently Asked Questions
Which bank offers the lowest home loan rate among BDO, Security Bank, and Metrobank?
BDO Unibank offers the lowest rate at 6.00% for both 1-year fixed and home equity loans, followed by Security Bank at 6.99% for 1-year fixed rates. Metrobank's standard rates typically range from 8-9%, making both BDO and Security Bank significantly more competitive.
What are the monthly payment differences between these banks?
For a ₱3,000,000 loan over 20 years: BDO at 6.00% costs ₱21,508/month, Security Bank at 6.99% costs ₱23,227/month, while Metrobank at 8.50% costs approximately ₱26,021/month. BDO saves you over ₱720,000 in total interest compared to Metrobank.
How fast is the approval process for each bank?
Security Bank offers the fastest processing at 23 days, BDO typically processes applications within 30 days, while Metrobank generally takes 30-45 days. Both BDO and Security Bank benefit from streamlined processing through Nook's partner bank program.
What are the minimum income requirements for these banks?
Both BDO and Security Bank require a minimum monthly income of ₱50,000 with a maximum debt-to-income ratio of 40%. Metrobank's requirements vary by product type. Both Nook partner banks offer accessible income thresholds for middle-income borrowers.
Should I refinance from Metrobank to BDO or Security Bank?
If you're currently paying 8-9% with Metrobank, refinancing to either BDO (6.00%) or Security Bank (6.99%) could save you significant money. BDO offers the lowest rate, while Security Bank provides faster processing. Both are Nook partner banks offering free broker service to help with your refinancing process.