BPI vs Metrobank Housing Loan: Rate Comparison 2026
When comparing housing loan rates between BPI Family Savings Bank and Metrobank, it's important to look at verified, current figures rather than estimates. BPI is a Nook verified partner bank, which means the rates below are confirmed and accessible when you apply through Nook — at zero cost to you. Metrobank rates below are approximate, based on publicly available information, and are subject to change; always verify directly with Metrobank before making a decision.
| Feature | BPI Family Savings Bank Nook Partner | Metrobank Approximate Rates |
|---|---|---|
| 1-Year Fixed Rate | 6.70% p.a. | ~7.50%–8.25% p.a.* |
| 5-Year Fixed Rate | 6.50% p.a. | ~7.75%–8.50% p.a.* |
| Home Equity Rate | 6.70% p.a. | ~8.00%–9.00% p.a.* |
| Minimum Monthly Income | 40,000 | ~50,000 (approx.)* |
| Typical Approval Time | ~52 days | ~45–60 days (approx.)* |
| Max Debt-to-Income Ratio | 40% | ~35%–40% (approx.)* |
| Broker Service via Nook | ✅ Free | ❌ Not available |
* Metrobank rates are approximate figures based on publicly available information as of 2025–2026 and are subject to change without notice. Contact Metrobank directly to verify current promotional and standard rates before applying.
Monthly Payment Comparison: Real Numbers on a ₱3,000,000 Loan
To make this comparison concrete, let's look at a typical refinance or purchase scenario: a 3,000,000 peso housing loan over 20 years. We'll compare BPI's verified 5-year fixed rate against Metrobank's approximate mid-range rate.
BPI Family Savings Bank
5-Year Fixed @ 6.50% p.a.
~22,350 / month
Total Interest Paid (20 yrs): ~2,364,000
Metrobank (Approximate)
~8.00% p.a. (estimated)
~25,093 / month
Total Interest Paid (20 yrs): ~3,022,320
💡 Potential Monthly Savings with BPI via Nook: ~2,743 per month
Over 20 years, that's a potential saving of over 658,000 pesos in interest — simply by choosing the lower-rate lender and applying for free through Nook.
Already paying a higher rate with your current bank? See our guide on BPI vs Metrobank refinance rates to understand how much you could save by switching today.
Loan Purpose Eligibility: What Can You Use the Loan For?
Not every bank offers the same flexibility in loan purpose. Here's how BPI Family Savings Bank compares:
| Loan Purpose | BPI Family Savings Bank | Metrobank |
|---|---|---|
| Ready for Occupancy (RFO) | ✅ Yes | ✅ Yes (approx.) |
| Pre-Selling | ✅ Yes | ✅ Yes (approx.) |
| New Construction | ✅ Yes | ✅ Yes (approx.) |
| Refinancing | ✅ Yes | ✅ Yes (approx.) |
| Renovation | ✅ Yes | ⚠️ Limited (approx.)* |
| Home Equity / Cash Out | ✅ Yes | ⚠️ Case-by-case (approx.)* |
| Foreclosed Properties | ✅ Yes | ⚠️ Case-by-case (approx.)* |
| Reselling | ✅ Yes | ✅ Yes (approx.) |
* Metrobank loan purpose eligibility based on general market information. Verify specific purposes directly with Metrobank.
Employment Type Eligibility
One area where BPI Family Savings Bank clearly stands out is its broad acceptance of different employment types — a major advantage for OFWs, self-employed professionals, and BPO workers who may find stricter eligibility at other banks.
| Employment Type | BPI Family Savings Bank | Metrobank |
|---|---|---|
| Private Employee | ✅ Yes | ✅ Yes (approx.) |
| Government Employee | ✅ Yes | ✅ Yes (approx.) |
| BPO Worker | ✅ Yes | ⚠️ Subject to review (approx.)* |
| OFW / Seafarer | ✅ Yes | ⚠️ Subject to review (approx.)* |
| Self-Employed | ✅ Yes | ✅ Yes (approx.) |
| Professional (Doctor, Lawyer, etc.) | ✅ Yes | ✅ Yes (approx.) |
* Metrobank employment eligibility is approximate. Borrowers with non-traditional employment should confirm directly with Metrobank.
Why Applying Through Nook for BPI Makes a Difference
Nook is the Philippines' first digital mortgage broker — and our service is 100% free for borrowers. When you apply for a BPI housing loan through Nook, here's what you get that you won't get by walking into a branch:
- ✅ Verified, up-to-date rates — no surprises after you apply
- ✅ Dedicated loan advisor to guide you through the entire process
- ✅ Faster document preparation — we know exactly what BPI needs
- ✅ Side-by-side comparison with other partner banks so you're always getting the best available deal
- ✅ No broker fees, ever — Nook is paid by the bank, not by you
Thinking about refinancing your existing home loan? If your current rate is above 7%, you may already be paying too much. Read more about your options in our BPI vs Metrobank home loan 2026 comparison or explore what a housing loan takeout could look like for your situation.
The Best Rate Available Through Nook Right Now
While BPI Family Savings Bank already offers competitive rates, Nook works with multiple partner banks to find you the lowest possible rate for your profile. The best refinance rate currently available through Nook is 5.99% p.a. — significantly lower than what most Filipino homeowners are currently paying (typically 7%–10%).
📊 Find out if you qualify for a lower rate today — it's free to check.
All interest rates stated are subject to change without notice. Rates for BPI Family Savings Bank are verified as of the date of publication but may be updated. Metrobank rates are approximate and based on publicly available information. Always confirm current rates directly with any lender before making a financial decision.
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Compare My Options →Frequently Asked Questions
What is the current BPI housing loan interest rate in 2026?
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for housing loans. A home equity rate of 6.70% p.a. is also available. These rates are verified through Nook and are subject to change — apply through Nook to confirm the latest available rates at no cost to you.
What is Metrobank's housing loan rate in 2026?
Metrobank's standard housing loan rates are approximately 7.50%–8.50% p.a. based on publicly available market information, though they may offer promotional rates from time to time. These figures are approximate and subject to change — always verify current rates directly with Metrobank before applying.
Is BPI or Metrobank better for a housing loan?
Based on verified rates, BPI Family Savings Bank offers lower confirmed rates (from 6.50% p.a.) compared to Metrobank's approximate standard rates (from ~7.50% p.a.). BPI is also a Nook partner bank, meaning you can apply for free through Nook with full rate transparency and dedicated support. For most borrowers, BPI via Nook is the more cost-effective option in 2026.
How much can I save by choosing BPI over Metrobank?
On a 3,000,000 peso loan over 20 years, choosing BPI's 5-year fixed rate of 6.50% over Metrobank's approximate 8.00% rate could save you approximately 2,743 pesos per month — or over 658,000 pesos in total interest over the life of the loan. Exact savings will depend on your specific loan amount, term, and the rates available to you at the time of application.
Can OFWs apply for a housing loan through BPI via Nook?
Yes. BPI Family Savings Bank accepts OFW and seafarer applicants, along with private employees, government workers, BPO employees, self-employed individuals, and professionals. Nook's advisors can help OFWs navigate the documentation requirements and submit a complete application — all for free.
What is the minimum income required for a BPI housing loan?
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos for housing loan applicants. This applies across most employment types including employed, self-employed, and OFW borrowers.
How long does BPI take to approve a housing loan?
BPI Family Savings Bank typically takes around 52 days to approve a housing loan application. Applying through Nook can help speed up your preparation — our advisors ensure your documents are complete and correctly submitted from the start, reducing the risk of delays.
Is Nook's mortgage brokering service really free?
Yes, completely free. Nook is paid a referral fee by the bank — not by you. There are no broker fees, no hidden charges, and no obligation. You get access to verified partner bank rates, a dedicated loan advisor, and end-to-end application support at zero cost.
Can I use a BPI housing loan to refinance my existing home loan?
Yes. BPI Family Savings Bank offers refinancing as one of its eligible loan purposes. If you're currently paying a rate above 7% — which is common among Filipino homeowners — refinancing to BPI's 6.50% 5-year fixed rate through Nook could result in significant monthly and long-term savings.
What loan purposes does BPI cover?
BPI Family Savings Bank covers a wide range of loan purposes including: Ready for Occupancy (RFO) purchases, pre-selling properties, new construction, refinancing, renovation, home equity or cash-out loans, reselling, and foreclosed properties. This flexibility makes BPI one of the more versatile housing loan options available in the Philippine market.