Interest Rates Comparison
BPI Family Savings Bank (Nook Partner)
- 1-Year Fixed: 6.70%
- 5-Year Fixed: 6.50%
- Home Equity: 6.70%
✅ Verified partner rates through Nook
Metrobank
- Standard Rates: 7.00% - 10.00% (approximate)
- Promotional Rates: Varies by campaign
⚠️ Rates are approximate and subject to change
Savings Calculator: 3,000,000 Loan Over 20 Years
Current Rate: 8.5%
Monthly Payment: 26,156
Total Interest: 3,277,440
BPI Family Savings Bank: 6.50%
Monthly Payment: 22,360
Total Interest: 2,366,400
Total Savings: 911,040
Metrobank: 7.5%
Monthly Payment: 24,131
Total Interest: 2,791,440
Savings vs Current: 486,000
Processing Time & Requirements
BPI Family Savings Bank
- Processing Time: 52 days (typical)
- Min Monthly Income: P40,000
- Max Debt-to-Income: 40%
- Employment Types: Private, Government, BPO, OFW, Self-Employed, Professional
Metrobank
- Processing Time: 45-60 days
- Min Monthly Income: P30,000 - P50,000
- Max Debt-to-Income: 30-40%
- Employment Types: Private, Government, OFW
Why Choose BPI Family Savings Bank Through Nook
- Verified Low Rates: Get access to confirmed 6.50% fixed rates
- Free Expert Service: Nook handles your application at no cost
- Streamlined Process: Simplified documentation and faster approvals
- Wide Loan Purpose Coverage: Refinancing, renovation, home equity, and more
- Accessible Requirements: P40,000 minimum income opens doors for more borrowers
For a comprehensive look at requirements across multiple banks, check our detailed housing loan requirements comparison.
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Compare My Options →Frequently Asked Questions
Is BPI Family Savings Bank better than Metrobank for refinancing?
Yes, BPI Family Savings Bank offers significantly better rates through Nook, with 5-year fixed rates at 6.50% compared to Metrobank's typical 7-10% range. The lower rates can save you hundreds of thousands of pesos over your loan term.
What are the current BPI vs Metrobank refinance rates?
BPI Family Savings Bank offers verified rates of 6.50% for 5-year fixed and 6.70% for 1-year fixed through Nook. Metrobank's rates typically range from 7-10%, though specific rates vary based on loan terms and borrower profile.
How much can I save by refinancing from Metrobank to BPI Family Savings Bank?
On a P3,000,000 loan over 20 years, switching from a typical 8.5% rate to BPI Family Savings Bank's 6.50% rate can save you over P900,000 in total interest payments and reduce your monthly payment by nearly P4,000.
Which bank has faster processing for refinancing applications?
Both banks process applications in 45-60 days typically, but BPI Family Savings Bank through Nook offers a more streamlined experience with dedicated broker support, potentially reducing processing time and improving approval chances.
What are the income requirements for BPI vs Metrobank refinancing?
BPI Family Savings Bank requires a minimum monthly income of P40,000, while Metrobank's requirements vary from P30,000 to P50,000 depending on the loan product. Both banks accept similar employment types including private, government, and OFW borrowers.