Interest Rates 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 bank rates through Nook
Metrobank
- Standard Rate: 7.0-9.0% p.a. (estimated)
- Promotional Rates: May vary by campaign
*Approximate rates based on market data, subject to verification
Monthly Payment Comparison
For a ₱3,000,000 loan over 20 years:
BPI Family Savings Bank (6.50%)
₱22,406 monthly
Total Interest: ₱2,377,440
Metrobank (8.0% estimated)
₱25,093 monthly
Total Interest: ₱3,022,320
Potential Monthly Savings with BPI
₱2,687 per month
₱644,880 total interest savings
Requirements & Processing
BPI Family Savings Bank
- Min Monthly Income: ₱40,000
- Max DTI: 40%
- Processing Time: 52 days (typical)
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
- Loan Purposes: Refinancing, Home Equity, New Construction, RFO, Pre-Selling
Metrobank
- Min Monthly Income: ₱50,000-₱80,000 (estimated)
- Processing Time: 60-90 days (typical)
- Requirements: Standard bank documentation
- DTI Requirements: Varies by loan type
*Requirements may vary and subject to bank verification
Why Choose BPI Family Savings Bank Through Nook
- Guaranteed Lower Rates: 6.50-6.70% vs Metrobank's 7-9% range
- Free Broker Service: No fees for Nook's assistance
- Faster Processing: 52-day typical approval vs industry average
- Lower Income Requirements: ₱40,000 minimum vs higher thresholds
- Comprehensive Support: Expert guidance through the entire refinancing process
- Multiple Loan Types: Refinancing, home equity, new construction options
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Compare My Options →Frequently Asked Questions
Is BPI or Metrobank better for home loan refinancing?
BPI Family Savings Bank is generally better for refinancing with rates starting at 6.50% compared to Metrobank's typical 7-9% range. BPI also has lower income requirements (₱40,000 monthly) and faster processing through Nook's partner network.
How much can I save by refinancing from Metrobank to BPI?
For a ₱3,000,000 loan, you could save approximately ₱2,687 monthly by switching from an 8% Metrobank rate to BPI's 6.50% rate. Over 20 years, this equals ₱644,880 in total interest savings.
What are BPI's requirements for home loan refinancing?
BPI Family Savings Bank requires a minimum monthly income of ₱40,000, maximum DTI of 40%, and accepts various employment types including private, government, BPO, OFW/Seafarer, self-employed, and professionals. Processing typically takes 52 days.
Can I refinance my Metrobank loan to BPI through Nook?
Yes, Nook can help you refinance your existing Metrobank home loan to BPI Family Savings Bank at no cost to you. Our service includes rate comparison, application assistance, and processing support to ensure you get the best possible terms.
Are BPI's rates guaranteed through Nook?
Yes, as a verified Nook partner bank, BPI Family Savings Bank's rates (6.50-6.70%) are guaranteed for qualified borrowers. This provides certainty compared to estimated rates from non-partner banks that may vary upon application.
How long does it take to switch from Metrobank to BPI?
BPI Family Savings Bank typically processes refinancing applications within 52 days. This is faster than many traditional banks and includes Nook's support throughout the process to ensure smooth transitions and timely completion.