BPI vs Metrobank Housing Loan: Rate Comparison 2026
Below is a direct comparison of housing loan interest rates. BPI Family Savings Bank rates are verified and current as a Nook partner bank. Metrobank rates are approximate figures based on publicly available information and are subject to change — always verify directly with Metrobank before making any decision.
| Fix Period | BPI Family Savings Bank ✓ | Metrobank (Approx.) |
|---|---|---|
| 1-Year Fixed | 6.70% p.a. | ~7.50%–8.00% p.a. |
| 5-Year Fixed | 6.50% p.a. | ~7.75%–8.25% p.a. |
| Home Equity | 6.70% p.a. | Varies — inquire directly |
BPI rates are verified Nook partner rates as of 2026. Metrobank rates are approximate and based on publicly available information. All rates are subject to change. Borrowers should verify current rates with each bank before applying.
Monthly Payment Comparison: Real Numbers
To make this concrete, here's what a 3,000,000-peso home loan over 20 years would look like at each bank's indicative rates. These are illustrative estimates using standard amortization — your actual payment will depend on your approved rate, loan term, and fees.
| Scenario | Rate Used | Est. Monthly Payment | Total Interest Paid (20 yrs) |
|---|---|---|---|
| BPI 5-Year Fixed | 6.50% p.a. | ~22,368 | ~2,368,320 |
| BPI 1-Year Fixed | 6.70% p.a. | ~22,648 | ~2,435,520 |
| Metrobank (est. low) | ~7.50% p.a. | ~24,168 | ~2,800,320 |
| Metrobank (est. high) | ~8.25% p.a. | ~25,392 | ~3,094,080 |
At a 1.75 percentage point difference, a borrower with a 3,000,000-peso loan could pay an estimated 431,000 to 726,000 pesos more in total interest over 20 years by choosing the higher-rate option. That's a significant gap — and exactly why rate shopping matters. See our deeper analysis in BPI vs Metrobank Home Loan 2026: Which Bank Saves You More?
Eligibility & Requirements: Who Qualifies?
BPI Family Savings Bank
- Min. Monthly Income: 40,000
- Max. Debt-to-Income Ratio: 40%
- Typical Approval Time: ~52 days
- Employment Types Accepted: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
- Loan Purposes: Refinancing, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling, Foreclosed
Metrobank
- Min. Monthly Income: Typically 40,000–50,000 (verify directly)
- Max. Debt-to-Income Ratio: Generally up to 40% (verify directly)
- Typical Approval Time: 30–60 days (approximate)
- Employment Types Accepted: Employed, Self-Employed, OFW (verify directly)
- Loan Purposes: Purchase, Refinance, Home Equity (verify directly)
Metrobank eligibility details are approximate. Verify current requirements at metrobank.com.ph.
Refinancing: BPI vs Metrobank
If you already have a home loan and are looking to refinance, the rate gap between these two banks becomes even more important. Refinancing from a 8.50% rate down to BPI's 6.50% on a 3,000,000-peso balance could reduce your monthly payment by roughly 3,000–4,000 pesos per month — that's 36,000–48,000 pesos in savings every year.
BPI Family Savings Bank accepts refinancing as a valid loan purpose through Nook, making it straightforward to switch your existing loan. If you're deciding between banks for a refinance specifically, our guide on BPI vs Metrobank Home Loan Refinance Rates goes deeper on the numbers.
Through Nook, the refinancing process is 100% free to you. Nook handles the paperwork, coordinates with the bank, and works to get you the best available rate — no broker fees, no hidden charges.
Loan Takeout: Which Bank is More Flexible?
A loan takeout (where one bank buys out your existing loan from another bank) is a common refinancing strategy in the Philippines. BPI Family Savings Bank supports loan takeouts through Nook's platform, and their verified rates make it one of the most attractive options for borrowers currently holding a loan with a higher-rate lender.
For a focused look at how these two banks handle takeout arrangements, see our comparison of BPI vs Metrobank Housing Loan Takeout Rates.
Why Apply Through Nook Instead of Going Direct?
- Free service: Nook's broker service costs you nothing. Banks pay Nook, not you.
- Verified rates: The BPI rates shown above are real, confirmed partner rates — not teaser rates that disappear on application.
- Multiple lenders, one application: Nook can match you with multiple partner banks, so you're not limited to one option.
- Expert guidance: Nook's specialists know the Philippine mortgage market and can help you avoid common approval pitfalls.
- Faster process: Nook's team manages coordination with the bank, reducing back-and-forth delays.
Not sure which bank suits you?
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Compare My Options →Frequently Asked Questions
Which has lower interest rates — BPI or Metrobank for housing loans in 2026?
Based on verified data, BPI Family Savings Bank offers rates starting at 6.50% p.a. for a 5-year fixed term through Nook. Metrobank's rates are estimated at approximately 7.50%–8.25% p.a. based on publicly available information, but you should verify directly with Metrobank as rates change. BPI currently has a clear edge on advertised rates, especially for borrowers applying through a broker like Nook.
Can I refinance my Metrobank home loan to BPI?
Yes, you can. This is called a loan takeout or bank refinancing, and it's one of the most common ways Filipino homeowners reduce their monthly payments. BPI Family Savings Bank accepts loan takeouts and refinancing as valid purposes. Through Nook, the process is free — Nook handles the coordination between banks and helps ensure a smooth transition.
What is the minimum income requirement for a BPI housing loan?
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos. This applies to a wide range of employment types including private sector employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and professionals.
How long does BPI take to approve a housing loan?
BPI Family Savings Bank typically takes around 52 days for home loan approval. This timeline can vary based on the completeness of your documents and the complexity of your application. Applying through Nook can help streamline the process, as Nook's team checks your documents before submission to reduce back-and-forth with the bank.
Is Nook's mortgage broker service really free?
Yes, 100% free to the borrower. Nook is compensated by the partner bank when a loan is successfully processed — you pay nothing for Nook's service. You get access to verified rates, expert guidance, and a streamlined application at no cost to you.
How much can I save by switching from Metrobank to BPI through Nook?
It depends on your loan balance, remaining term, and the rate difference. As an illustration: on a 3,000,000-peso loan over 20 years, the difference between a ~7.75% Metrobank rate and BPI's 6.50% rate could amount to over 400,000 pesos in total interest savings. Use Nook's free calculator or speak to a Nook specialist to get a personalized estimate based on your actual loan.
Does BPI offer home equity loans?
Yes. BPI Family Savings Bank offers home equity loans at a rate of 6.70% p.a. This allows homeowners to borrow against the equity they've built up in their property — useful for funding renovations, investments, or other large expenses. You can apply for a BPI home equity loan through Nook for free.