BPI vs Metrobank

BPI vs Metrobank Housing Loan: Side-by-Side Rate Comparison

Choosing between BPI and Metrobank for your housing loan in 2026 comes down to more than just headline rates. Below is a detailed breakdown of what each bank offers — and where each one falls short.

*Metrobank rates are approximate, based on publicly available information and industry benchmarks. They are indicative only and subject to change without notice. Contact Metrobank directly for a formal quote.

Monthly Payment Comparison: ₱3,000,000 Housing Loan Over 20 Years

To illustrate the real-world difference, here's how monthly payments compare on a ₱3,000,000 loan over 20 years at different rates:

At 6.50% versus a typical 8.50%, a borrower could save approximately 3,666 per month — that's over 879,840 in total savings over a 20-year term. Even a 1% difference adds up to hundreds of thousands of pesos over the life of a loan.

If you're currently paying above 7% on an existing home loan, you may want to read our guide on BPI vs Metrobank home loan rates and which bank saves you more to understand where you stand.

Loan Features & Eligibility

*Metrobank eligibility criteria are approximate based on publicly available information. Verify directly with Metrobank for your specific situation.

Fees and Charges

Both BPI and Metrobank charge standard processing and documentation fees typical of Philippine banks. These commonly include appraisal fees, mortgage registration fees, documentary stamp tax, and notarial fees. These costs are generally similar across major banks and are paid by the borrower regardless of which institution you choose.

What sets BPI apart when you apply through Nook is that there is zero broker fee. Nook's service is completely free to borrowers — you get a licensed mortgage broker working on your behalf at no cost. Metrobank loans applied for directly do not include this benefit.

Refinancing: BPI vs Metrobank

For homeowners looking to refinance an existing home loan, both banks accept loan takeout applications. However, the process and rate certainty differ considerably.

With BPI through Nook, you get a verified 6.50% 5-year fixed rate upfront — no guesswork. For context, the best refinance rate currently available through Nook is 5.99% p.a., depending on loan amount and borrower profile.

Metrobank's refinance rates are not publicly published and are quoted on a case-by-case basis, typically falling in the 7.50%–9.00% range based on industry data. This makes it harder to compare apples to apples without going through the full application process.

If you're weighing a takeout, see our detailed breakdown of BPI vs Metrobank housing loan takeout rates in the Philippines for a more in-depth look at the refinancing process.

For a ₱3,000,000 refinance, here's what the numbers look like at key rate benchmarks:

Which Bank is Right for Your Situation?

Choose BPI via Nook if:

• You want verified, transparent rates with no broker fees
• You earn at least 40,000 per month
• You're an OFW, BPO worker, self-employed professional, or government employee
• You're refinancing, buying RFO, pre-selling, or doing a renovation loan
• You want a streamlined process with a dedicated mortgage advisor

Consider Metrobank if:

• You already have an existing relationship or accounts with Metrobank
• You prefer to manage everything in-branch directly
• You've received a competitive quoted rate directly from the bank

That said, even if you're leaning toward Metrobank, it's worth getting a free comparison through Nook first. You might find a verified BPI rate that's significantly lower — with no cost to find out.

Still unsure? Read our comprehensive guide on which is better — BPI or Metrobank for a broader look at both banks across all product types.