BPI vs Metrobank Home Loan Rates 2026: Side-by-Side
Choosing between BPI and Metrobank for your home loan or refinance? Both are household names in Philippine banking, but their rates, requirements, and processes differ in ways that can meaningfully impact your monthly payments. Here's a transparent, data-driven comparison.
| Feature | BPI Family Savings Bank | 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 by product (approx.) |
| Minimum Monthly Income | ₱40,000 | ~₱40,000–₱50,000 (approx.) |
| Typical Approval Time | ~52 days | ~45–60 days (approx.) |
| Max Debt-to-Income Ratio | 40% | ~40% (approx.) |
| Nook Partner Bank | ✅ Yes | ❌ No |
| Broker Fee via Nook | Free | N/A |
⚠️ BPI Family Savings Bank rates are verified Nook partner rates as of 2026. Metrobank rates are approximate figures based on publicly available information and are subject to change without notice. Always verify current rates directly with the bank before making a financial decision.
Monthly Payment Comparison: Real Numbers
Let's put these rates into context with a real loan scenario. Assume a home loan of ₱3,000,000 over a 20-year term, comparing BPI's verified 5-Year Fixed rate against Metrobank's approximate mid-range rate.
| Scenario | BPI (6.50% p.a.) | Metrobank (~8.25% p.a.) |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Interest Rate | 6.50% p.a. | ~8.25% p.a. |
| Loan Term | 20 years | 20 years |
| Est. Monthly Payment | 22,369 | ~25,692 |
| Est. Total Interest Paid | 2,368,560 | ~3,166,080 |
| Potential Savings with BPI | ~797,520 over the loan term | |
Calculations are illustrative estimates for comparison purposes only, based on a standard amortizing loan. Actual payments will vary based on your specific loan terms, fees, and lender conditions. The Metrobank figures use an approximate mid-range rate and are not guaranteed.
That's a difference of over 3,300 per month — money that stays in your pocket every single month for 20 years. Even if Metrobank's actual rate is on the lower end of its range, the gap remains substantial.
Who Can Apply? Eligibility at a Glance
BPI Family Savings Bank through Nook accepts a wide range of borrower profiles, making it accessible to most working Filipinos:
- ✅ Private employees — salaried workers in private companies
- ✅ Government employees — including teachers, civil servants, and uniformed personnel
- ✅ BPO workers — call center and IT-BPO professionals
- ✅ OFWs and Seafarers — overseas Filipino workers with verifiable income
- ✅ Self-Employed individuals — business owners with documented income
- ✅ Professionals — doctors, lawyers, accountants, and licensed practitioners
BPI Family Savings Bank also supports a broad range of loan purposes: refinancing, home equity, new construction, pre-selling, ready-for-occupancy (RFO) units, renovation, reselling, and foreclosed properties. This flexibility makes it a strong fit whether you're buying your first home, upgrading, or refinancing an existing loan.
Refinancing: Why BPI Through Nook Makes Sense
If you're currently paying 7.5% or higher with any bank — including Metrobank — refinancing to BPI's 6.50% 5-Year Fixed rate could deliver meaningful monthly savings. Many Filipino homeowners are still on rates set years ago, and the gap between their current rate and what's available today can be surprisingly wide.
Nook is the Philippines' first digital mortgage broker. We help you compare verified rates from multiple partner banks, handle the paperwork, and guide you through the entire refinancing process — all at zero cost to you. There's no broker fee, no hidden charges, and no obligation.
If you're weighing your refinance options, you may also want to read our detailed BPI vs Metrobank refinance rate comparison which dives deeper into the switching costs and break-even timelines involved in refinancing.
BPI vs Metrobank: Loan Products Compared
Beyond rates, the range of loan products each bank offers matters — especially if your needs go beyond a standard purchase loan.
| Loan Purpose | BPI Family Savings Bank | Metrobank |
|---|---|---|
| Home Purchase (RFO) | ✅ | ✅ |
| Pre-Selling / Off-Plan | ✅ | ✅ |
| New Construction | ✅ | ✅ |
| Refinancing | ✅ | ✅ |
| Home Equity / Multpurpose | ✅ (6.70% p.a.) | ✅ (rate varies) |
| Renovation | ✅ | ✅ |
| Foreclosed Properties | ✅ | Limited |
| OFW Borrowers | ✅ | ✅ (conditions apply) |
For a broader perspective on how these two banks stack up across different borrower types and scenarios, see our full guide on which is better: BPI or Metrobank for home loans.
The Nook Advantage: Why Apply Through Us?
- 🏆 Verified partner rates — No guesswork. You see BPI's actual rates, not estimates.
- 💸 100% free — Nook's service is completely free to borrowers. We're paid by the banks, not you.
- 📋 We handle the paperwork — Our team guides you from application to approval.
- 🏦 Multiple bank options — We compare across partner banks to find your best match.
- ⏱️ Faster process — Our digital-first approach streamlines what is typically a slow, manual process.
Whether you're buying your first home, upgrading, or refinancing an existing loan at a high rate, Nook makes the process simpler, faster, and completely free.
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Compare My Options →Frequently Asked Questions
What is BPI's home loan interest rate in 2026?
BPI Family Savings Bank, a verified Nook partner bank, currently offers a 1-Year Fixed rate of 6.70% p.a. and a 5-Year Fixed rate of 6.50% p.a. for home loans in 2026. These are verified rates available through Nook at no cost to the borrower. Rates are subject to change — check with Nook for the latest confirmed figures.
What is Metrobank's home loan interest rate in 2026?
Based on publicly available information, Metrobank's home loan rates are typically in the range of 7.50% to 9.00% p.a. in 2026, depending on the fixing period, loan amount, and borrower profile. These figures are approximate and subject to change — always verify current rates directly with Metrobank before applying.
Which is better for a home loan — BPI or Metrobank?
Based on verified 2026 rates, BPI Family Savings Bank offers lower confirmed interest rates (as low as 6.50% p.a. for a 5-Year Fixed) compared to Metrobank's approximate rates of 7.50–9.00% p.a. For most borrowers, BPI through Nook is likely to result in lower monthly payments and total interest costs. However, the best bank for you depends on your income, loan amount, employment type, and property details — Nook can help you compare options for free.
Can I refinance my Metrobank home loan to BPI through Nook?
Yes. If you currently have a home loan with Metrobank (or any other bank) and are paying a rate higher than BPI's current offering, Nook can help you refinance. The process is 100% free to you as a borrower. Nook will assess your eligibility, handle documentation, and guide you through the bank's approval process. Many homeowners refinancing from rates of 8% or above save over 3,000 per month on a 3,000,000 loan.
How long does BPI home loan approval take?
BPI Family Savings Bank's typical approval timeline is approximately 52 days from complete submission of documents. This covers credit evaluation, appraisal, and loan documentation. Applying through Nook helps streamline the process because our team ensures your application is complete and properly prepared before submission, reducing delays.
What is the minimum income requirement for a BPI home loan?
BPI Family Savings Bank requires a minimum monthly income of 40,000 for home loan applicants. This applies to salaried employees, self-employed individuals, professionals, OFWs, BPO workers, and government employees. Your maximum loan amount is also influenced by your debt-to-income ratio, which BPI caps at 40%.
Is Nook's mortgage broker service really free?
Yes, completely free. Nook is compensated by the partner banks — not by borrowers. You pay zero broker fees, zero consultation fees, and zero hidden charges. Nook's only incentive is to match you with the best loan option available, because that's what generates a referral from the bank's side.
Does BPI offer home loans for OFWs?
Yes. BPI Family Savings Bank through Nook accepts OFW and seafarer applicants with verifiable income. This makes it one of the more accessible options for Filipinos working abroad who want to purchase or refinance a property in the Philippines. Nook can guide OFW applicants through the specific documentation requirements for their situation.