BPI vs Metrobank Home Loan Rates 2026: Side-by-Side Comparison
Choosing between BPI and Metrobank for your home loan refinancing is one of the most common decisions Filipino homeowners face. Both are major Philippine banks with strong reputations — but when it comes to actual rates, approval speed, and borrower eligibility, the differences matter. Below is a detailed breakdown to help you decide.
| Feature | BPI Family Savings Bank | Metrobank |
|---|---|---|
| 1-Year Fixed Rate | 6.70% p.a. (verified via Nook) | ~7.50%–8.50% p.a. (approximate, subject to change) |
| 5-Year Fixed Rate | 6.50% p.a. (verified via Nook) | ~7.75%–9.00% p.a. (approximate, subject to change) |
| Home Equity Rate | 6.70% p.a. (verified via Nook) | Rates vary; contact Metrobank directly |
| Minimum Monthly Income | 40,000 | Typically 40,000–50,000 (varies by product) |
| Typical Approval Time | ~52 days | Varies; generally 45–60+ days |
| Max Debt-to-Income Ratio | 40% | Typically around 35%–40% |
| Eligible Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, Self-Employed (OFW eligibility varies) |
| Loan Purposes Covered | Refinancing, RFO, Pre-Selling, Reselling, Renovation, Home Equity, New Construction, Foreclosed | Purchase, Refinancing, Construction (check directly for full list) |
| Broker Access via Nook | ✅ Yes — free service | ❌ Not a Nook partner |
Note: Metrobank rates shown are approximate and based on publicly available information as of 2025–2026. Rates are subject to change. Always verify directly with Metrobank or through an accredited broker. BPI rates are verified Nook partner rates.
Monthly Payment Comparison: How Much Could You Save?
Let's look at a real-world example. Suppose you have an outstanding home loan balance of 3,000,000 with 20 years remaining. Here's how your monthly payment compares between BPI's verified 5-year fixed rate and a typical Metrobank rate:
| Scenario | Loan Amount | Rate | Term | Est. Monthly Payment | Total Interest Paid |
|---|---|---|---|---|---|
| BPI via Nook (5-yr fixed) | 3,000,000 | 6.50% p.a. | 20 years | ~22,361 | ~2,366,640 |
| Metrobank (typical rate) | 3,000,000 | 8.25% p.a. | 20 years | ~25,695 | ~3,166,800 |
| Estimated Monthly Savings | — | — | — | ~3,334/month | ~800,160 over loan life |
That's potentially over 800,000 pesos in interest savings over the life of your loan — just by refinancing to BPI through Nook. Even in the early years of your fixed period, you'd be putting an extra 3,334 pesos back in your pocket every month.
Calculations are illustrative estimates using standard amortization formulas. Actual amounts depend on your specific loan balance, remaining term, fees, and bank approval. Metrobank rate used (8.25%) is an approximation based on publicly available data and may not reflect your actual offer.
BPI Home Loan: What You Need to Know
BPI Family Savings Bank is one of the Philippines' most established home lending institutions — and as a Nook partner bank, their rates are verified, transparent, and accessible to you for free through our platform.
- Lowest available rate: 6.50% p.a. (5-year fixed) — among the most competitive in the market
- Flexible employment types: BPI accepts Private employees, Government workers, BPO professionals, OFWs and Seafarers, Self-Employed individuals, and licensed Professionals
- Wide loan purpose coverage: Whether you're refinancing, buying an RFO unit, doing a home equity loan, or funding renovation, BPI has a product for you
- Accessible income floor: Minimum monthly income of 40,000 — reasonable for Metro Manila and major urban areas
- Max DTI of 40%: Slightly more flexible than some competitors, meaning more borrowers qualify
- Approval timeline: Approximately 52 days — typical for a full Philippine home loan process
When you apply for a BPI home loan through Nook, you get a dedicated mortgage advisor who handles the paperwork, follows up with the bank, and guides you through every step — completely free of charge.
Metrobank Home Loan: What You Need to Know
Metrobank is one of the Philippines' Big Three banks and offers a full range of home financing products. However, Metrobank is not currently a Nook partner bank, which means we cannot verify their current rates or process your application through our platform.
- Rates are approximate: Based on publicly available information, Metrobank home loan rates typically range from 7% to 9% p.a. depending on fixing period and borrower profile — but these are not verified and are subject to change
- You must apply directly: Without Nook broker support, you'll need to coordinate documentation, follow-ups, and negotiations yourself
- Rate transparency: Metrobank's current promotional rates are not always prominently published, making comparison shopping harder
- Branch network: Metrobank has extensive branch coverage across the Philippines, which may be convenient for in-person applications
- Eligibility criteria: Minimum income and DTI requirements are broadly similar to BPI, but exact parameters should be confirmed directly with Metrobank
If you're currently with Metrobank and paying a rate above 7%, it's worth finding out if you could refinance to BPI through Nook and lock in a lower rate. See our full BPI vs Metrobank home loan analysis for more on how the two banks stack up across different borrower profiles.
Which Borrowers Should Choose BPI?
BPI via Nook is likely the better choice if:
- You want verified, transparent rates before you even start your application
- You're an OFW, seafarer, or BPO professional — BPI explicitly accepts these employment types
- You want free broker support to handle the process from start to finish
- Your current rate is above 7% and you want to refinance as soon as possible
- You're doing a home equity loan or funding a renovation alongside your refinancing
- You want to compare multiple banks and get the best offer — Nook can shop on your behalf
Which Borrowers Might Still Consider Metrobank?
Metrobank may still be worth considering if:
- You already have an existing relationship with Metrobank and have received a specific promotional rate offer in writing
- You prefer in-branch, face-to-face banking and have a Metrobank branch nearby
- You've been pre-assessed and received a competitive rate quote directly from Metrobank
Even so, we recommend comparing any Metrobank offer against BPI's verified rates through Nook before committing. There's no cost to you, and you may be surprised by how much lower your rate could be. Read our in-depth guide on BPI vs Metrobank refinancing rates to help frame your decision.
How to Refinance to BPI Through Nook — For Free
Nook is the Philippines' first digital mortgage broker. Our service is 100% free to borrowers — we earn from the banks, not from you.
- Submit your loan details online — takes about 5 minutes at nook.com.ph
- Get a free assessment — our mortgage advisors review your profile and identify the best available rates
- We handle the paperwork — document collection, bank coordination, and follow-ups are all managed by Nook
- Receive your approval — once approved, you refinance at your new lower rate and start saving immediately
Most borrowers who refinance through Nook save between 1% and 3% per year on their interest rate, which translates to hundreds of thousands of pesos over the life of the loan.
All interest rates are subject to change and dependent on individual borrower profiles, loan amounts, and bank approval. Current best refinance rate through Nook is 5.99% p.a. for qualifying borrowers. Verify current rates at the time of application.
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Compare My Options →Frequently Asked Questions
Is BPI or Metrobank better for home loan refinancing in 2026?
For most borrowers in 2026, BPI offers better refinancing terms. Through Nook, BPI's verified rates start at 6.50% p.a. for a 5-year fixed term and 6.70% p.a. for 1-year fixed — lower than Metrobank's typical publicly available rates of 7%–9% p.a. BPI is also a Nook partner bank, meaning you can apply for free with full broker support, verified rates, and a streamlined process. Metrobank is not currently a Nook partner, so rates must be confirmed directly with the bank.
What is BPI's home loan interest rate in 2026?
BPI Family Savings Bank's verified home loan rates through Nook are: 6.70% p.a. for a 1-year fixed term, 6.50% p.a. for a 5-year fixed term, and 6.70% p.a. for home equity loans. These rates are verified Nook partner rates. Note that all rates are subject to change and depend on your borrower profile and loan details — verify the current rate at the time of your application.
What is Metrobank's home loan interest rate in 2026?
Metrobank's home loan interest rates are not publicly listed at fixed tiers and are subject to change. Based on publicly available information, Metrobank typically offers rates in the range of 7%–9% p.a. depending on the fixing period and your borrower profile. Since Metrobank is not a Nook partner bank, we recommend contacting Metrobank directly or comparing their offer against verified BPI rates through Nook before committing.
How much can I save by refinancing from Metrobank to BPI?
If you're currently paying a Metrobank rate of around 8.25% p.a. on a 3,000,000 loan with 20 years remaining, refinancing to BPI's 6.50% p.a. rate through Nook could save you approximately 3,334 pesos per month — or over 800,000 pesos in total interest over the life of the loan. Your actual savings will depend on your specific loan balance, remaining term, and the rate you qualify for. Use Nook's free assessment to get a personalized estimate.
Can I refinance my Metrobank home loan to BPI through Nook?
Yes. If you currently have a home loan with Metrobank, you can refinance it to BPI Family Savings Bank through Nook. Nook's service is completely free to borrowers — we handle the paperwork, coordinate with BPI, and guide you through the entire process. To get started, simply submit your loan details at nook.com.ph and a mortgage advisor will assess your eligibility.
Who qualifies for BPI's home loan refinancing through Nook?
BPI accepts a wide range of borrower profiles through Nook, including Private employees, Government workers, BPO professionals, OFWs and Seafarers, Self-Employed individuals, and licensed Professionals. You'll need a minimum monthly income of 40,000 pesos and a debt-to-income ratio of no more than 40%. BPI supports loan purposes including refinancing, home equity, renovation, new construction, RFO, pre-selling, reselling, and foreclosed properties.
Is Nook's mortgage broker service really free?
Yes, Nook's service is 100% free to borrowers. Nook earns a referral fee from the bank — not from you. You get full mortgage advisory support, document assistance, bank coordination, and access to verified partner bank rates at absolutely no cost. There are no hidden fees, no application charges, and no obligations. The best refinance rate currently available through Nook is 5.99% p.a. for qualifying borrowers.
How long does BPI home loan approval take?
BPI's typical home loan approval timeline is approximately 52 days when applying through Nook. This covers document submission, credit assessment, property appraisal, and final approval. Nook's mortgage advisors actively follow up with the bank on your behalf to help keep the process moving as smoothly as possible.