Interest Rate Comparison
BPI Family Savings Bank (Nook Partner)
- 1-Year Fixed: 6.70% p.a.
- 5-Year Fixed: 6.50% p.a.
- Home Equity: 6.70% p.a.
✓ Verified Partner Rates
Metrobank
- Standard Rates: 7.00% - 10.00% p.a. (approximate)
- Promotional Rates: May vary seasonally
*Rates shown are approximate based on publicly available information and subject to change
Savings Calculation Example
For a ₱3,000,000 loan over 20 years:
Requirements & Processing
BPI Family Savings Bank
- Min Monthly Income: ₱40,000
- Max DTI: 40%
- Typical Approval: 52 days
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
- Loan Purposes: Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling
Metrobank
- Min Monthly Income: Typically ₱30,000-50,000
- Max DTI: Usually 30-40%
- Processing Time: 45-90 days typically
- Requirements: Standard bank documentation
Why Choose BPI Family Savings Bank Through Nook
- Guaranteed Low Rates: Access to verified 6.50% fixed rates
- Free Broker Service: Expert guidance throughout the process
- Streamlined Application: Simplified paperwork and faster processing
- Multiple Loan Types: Comprehensive loan purpose coverage
- Professional Support: Dedicated refinancing specialists
Ready to start saving? Learn more about BPI vs Metrobank refinancing options or contact Nook today for your free consultation.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
Which bank offers better home loan rates: BPI or Metrobank?
BPI Family Savings Bank (available through Nook) offers superior rates at 6.50-6.70% p.a., while Metrobank's standard rates typically range from 7-10% p.a. This can result in significant monthly and total interest savings for borrowers.
How much can I save by refinancing from Metrobank to BPI Family Savings Bank?
On a ₱3,000,000 loan over 20 years, switching from an 8.50% Metrobank rate to BPI Family Savings Bank's 6.50% rate could save you ₱3,756 monthly and over ₱901,440 in total interest over the loan term.
What are the minimum requirements for BPI Family Savings Bank home loans?
BPI Family Savings Bank requires a minimum monthly income of ₱40,000, maximum debt-to-income ratio of 40%, and accepts various employment types including private employees, government workers, BPO staff, OFWs, self-employed, and professionals.
How long does BPI Family Savings Bank take to approve home loans?
BPI Family Savings Bank typically processes home loan applications within 52 days. Through Nook's streamlined process, you may experience faster processing times with dedicated broker support.
Can I refinance any type of property with BPI Family Savings Bank?
Yes, BPI Family Savings Bank accepts various loan purposes including refinancing, home equity, new construction, pre-selling units, ready-for-occupancy properties, foreclosed properties, renovation, and reselling.
Is it worth switching from Metrobank to BPI for home loans?
If you're currently paying above 7% with Metrobank, switching to BPI Family Savings Bank's 6.50-6.70% rates through Nook could provide substantial savings. The decision depends on your current rate, remaining loan term, and refinancing costs.