Comparing BPI and Metrobank home loan rates side by side — so you can refinance smarter and stop overpaying every month.
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Why this matters
If you have a home loan with BPI or Metrobank, you're likely paying somewhere between 7% and 10% per year — especially if your loan has been running for more than a year and you've rolled into a higher re-pricing rate. BPI, as a Nook partner bank, currently offers verified fixed rates starting at 6.50% for a 5-year fix and 6.70% for a 1-year fix, making it one of the most competitive refinancing options in the Philippines right now. Metrobank also offers home loan refinancing, but rates are typically in the 7% to 9% range depending on your loan size, term, and credit profile — these are approximate figures based on publicly available information and are subject to change without notice.
When comparing the two banks head to head, the gap in rates can translate to tens of thousands of pesos in savings every year. On a 3,000,000 loan with 20 years remaining, moving from a typical Metrobank re-pricing rate of around 8.50% down to BPI's 6.50% 5-year fixed rate through Nook could save you over 3,700 pesos per month. That's nearly 45,000 pesos annually — money that could go toward your children's education, emergency funds, or simply breathing room in your monthly budget. For a deeper dive into how these two banks stack up specifically on refinancing, see our BPI vs Metrobank refinance rates comparison.
The best part? Applying through Nook is completely free for borrowers. Nook is the Philippines' first digital mortgage broker, and our partnership with BPI means you get access to verified, up-to-date rates and a streamlined application process — without paying broker fees. Whether you're currently with Metrobank and exploring your options, or simply want to know if your existing BPI rate is still competitive, Nook can run the numbers for you and help you decide if refinancing makes financial sense. If you're also weighing other major banks, our BDO vs BPI vs Metrobank refinance rates comparison covers all three in one place. All rates shown are subject to change — always verify current offers before submitting an 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
As a Nook partner bank, BPI Family Savings 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 loan refinancing. These are verified rates available through Nook at no cost to you. Rates are subject to change, so we recommend checking with Nook for the most current figures.
Metrobank offers home loan refinancing but is not currently a Nook partner bank, so we cannot display verified promotional rates on your behalf. Based on publicly available information, Metrobank's refinancing rates generally range from approximately 7% to 9% p.a. depending on loan size, fixing period, and borrower profile — but you should contact Metrobank directly or check their website for current figures.
It depends on your current rate, remaining loan balance, and how long you plan to stay in the property. If you're paying 8% or higher on a loan of 2,000,000 or more with 10+ years remaining, refinancing to BPI's 6.50% 5-year fix could save you hundreds of thousands over the life of the loan. Nook can calculate your exact break-even point and savings estimate for free.
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos and accepts borrowers from a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. Typical approval takes around 52 days, and your total debt-to-income ratio should not exceed 40%.
Nook's mortgage brokering service is completely free for borrowers — you pay zero broker fees. Nook earns a referral fee from the bank upon loan approval, which means you get expert guidance, rate comparisons, and application support at no extra cost to you. Standard third-party costs like appraisal fees, notarial fees, and transfer taxes will still apply depending on your loan.
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