BPI vs Metrobank Home Loan: Side-by-Side Rate Comparison
When comparing home loan options in the Philippines, BPI Family Savings Bank and Metrobank are two of the most recognized names. However, the rates, terms, and experience can differ significantly — especially when you factor in how you apply. Below is a detailed breakdown to help you make an informed decision.
Note: BPI Family Savings Bank rates shown are verified Nook partner rates as of 2025. Metrobank rates are approximate figures based on publicly available information and are subject to change. Always verify current rates directly with the bank.
| Feature | BPI Family Savings Bank (via Nook) | Metrobank |
|---|---|---|
| 1-Year Fixed Rate | 6.70% p.a. | ~7.50%–8.50% p.a. (approx.) |
| 5-Year Fixed Rate | 6.50% p.a. | ~7.75%–9.00% p.a. (approx.) |
| Home Equity Rate | 6.70% p.a. | Varies; typically higher |
| Min. Monthly Income | 40,000 | ~50,000 (approx.) |
| Typical Approval Time | ~52 days | 45–60 days (approx.) |
| Max Debt-to-Income Ratio | 40% | ~40% (approx.) |
| Broker Fee (via Nook) | Free | Not available via Nook |
Monthly Payment Comparison: How Much Could You Save?
Let's illustrate the real-world impact using a sample loan of 3,000,000 pesos over a 20-year term, comparing BPI Family Savings Bank's verified 5-year fixed rate of 6.50% against Metrobank's approximate rate of 8.25%.
| Scenario | BPI Family Savings Bank (6.50%) | Metrobank (~8.25%) |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Loan Term | 20 years | 20 years |
| Est. Monthly Payment | ~22,360 | ~25,760 |
| Est. Total Interest Paid | ~2,366,400 | ~3,182,400 |
| Estimated Savings (BPI via Nook) | ~816,000 over the loan term | |
These are illustrative estimates for comparison purposes only. Actual payments will depend on final approved rates, fees, and amortization schedule.
Loan Purposes Accepted
BPI Family Savings Bank through Nook accepts a wide range of loan purposes, making it flexible for many types of borrowers:
- Refinancing (switch from your current bank to get a lower rate)
- Home Equity (borrow against your existing property)
- Ready for Occupancy (RFO) purchases
- Pre-Selling properties
- New Construction
- Renovation
- Reselling
- Foreclosed properties
Metrobank also supports most standard loan purposes, but specific eligibility and rates should be confirmed directly with their branch or loan officers, as these are not verified through Nook's platform.
Who Qualifies? Employment Types Accepted
One of BPI Family Savings Bank's strengths is its broad eligibility across employment types, which Nook has verified:
- Locally employed (private sector)
- Government employees
- BPO workers
- OFWs and Seafarers
- Self-employed individuals
- Professionals (doctors, lawyers, etc.)
Metrobank similarly serves a range of borrower types, though specific documentation requirements and income floors may differ. We recommend contacting Metrobank directly or speaking with a Nook advisor to understand which bank fits your profile best.
For a deeper dive into how these banks stack up for refinancing specifically, check out our guide on BPI vs Metrobank home loan rates for 2026 — which bank is better for refinancing.
The Nook Advantage: Why Apply Through a Broker?
Nook is the Philippines' first digital mortgage broker. When you apply for a BPI Family Savings Bank home loan through Nook, you get:
- Verified, competitive rates — the 6.50% 5-year fixed rate is confirmed and not just an advertised teaser
- Zero broker fees — Nook's service is 100% free to borrowers
- Expert guidance — Nook advisors help you prepare documents and maximize your approval chances
- Faster processing support — Nook coordinates with BPI Family Savings Bank on your behalf
- Rate comparison — Nook can help you evaluate multiple options, not just one bank
If you're currently paying 8% or more on your existing home loan, refinancing through Nook to BPI Family Savings Bank's 6.50% rate could save you hundreds of thousands of pesos over the life of your loan. Our best available refinance rate is currently 5.99% p.a. — significantly lower than what most Filipino homeowners are paying today.
Want to understand the full picture before deciding? Our detailed comparison at which is better — BPI or Metrobank home loan in 2026 walks through additional scenarios and borrower profiles.
Refinancing: Is Now a Good Time to Switch?
If your current home loan rate is above 7.50%, refinancing to BPI Family Savings Bank's 6.50% fixed rate (available through Nook) could make strong financial sense. Even a 1–2 percentage point reduction on a loan of 3,000,000 to 5,000,000 pesos can translate to savings of 50,000 to over 100,000 pesos per year in interest alone.
Refinancing is typically worth considering if:
- Your current rate is 7.50% or higher
- You have at least 2–3 years remaining on your loan
- Your property value has increased, improving your loan-to-value ratio
- Your income and credit profile have strengthened since you first took out the loan
Nook's advisors can run a free refinancing analysis for you to determine if switching from Metrobank (or any other bank) to BPI Family Savings Bank makes sense for your specific situation.
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Compare My Options →Frequently Asked Questions
What is the current BPI home loan interest rate?
Through Nook, BPI Family Savings Bank offers verified rates of 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. These are among the most competitive home loan rates currently available in the Philippines. Rates are subject to change, so we recommend checking with Nook for the latest figures.
What is Metrobank's home loan interest rate?
Metrobank's home loan rates are not available through Nook's partner network. Based on publicly available information, Metrobank's rates typically range from approximately 7.50% to 9.00% depending on the fixed-rate period and borrower profile. These are approximate figures — contact Metrobank directly for their current official rates.
Is BPI or Metrobank better for a home loan in the Philippines?
For most borrowers — especially those refinancing — BPI Family Savings Bank through Nook offers a clear advantage with verified rates starting at 6.50% for a 5-year fixed term, zero broker fees, and broad eligibility across employment types. Metrobank is a reputable lender but its rates are generally higher based on publicly available data. The best bank for you depends on your loan amount, property type, employment status, and income level.
Can I refinance my Metrobank home loan to BPI through Nook?
Yes. If you currently have a home loan with Metrobank, you can refinance to BPI Family Savings Bank through Nook at no cost to you. Nook handles the paperwork, coordinates with BPI Family Savings Bank, and guides you through the entire process. Many borrowers save significantly by refinancing from rates of 8% or higher down to BPI's 6.50% fixed rate.
How long does BPI home loan approval take?
Through Nook, BPI Family Savings Bank typically processes and approves home loan applications in approximately 52 days. Nook's advisors help ensure your documents are complete and correct from the start, which can help avoid delays.
What is the minimum income requirement for a BPI home loan?
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos for home loan applicants through Nook. This applies across most employment types including private employees, government workers, OFWs, self-employed individuals, and professionals.
Is Nook's service really free?
Yes. Nook's mortgage brokering service is 100% free to borrowers. Nook is compensated by the partner banks upon successful loan disbursement, so you pay nothing extra for Nook's assistance. You get the same (or better) rate as applying directly, plus expert guidance throughout the process.
What is the best refinance rate available through Nook?
The best refinance rate currently available through Nook is 5.99% per annum. Most Filipino homeowners are currently paying between 7% and 10% on their existing home loans, so refinancing through Nook can result in substantial savings over the remaining loan term.