Interest Rates Comparison
BPI Family Savings Bank (Nook Partner)
- 1-Year Fixed: 6.70%
- 5-Year Fixed: 6.50%
- Home Equity: 6.70%
Verified rates available through Nook's partner network
Metrobank
- Standard Fixed Rate: 7.5% - 9.0% (approximate)*
- Promotional Rates: May vary based on relationship
*Rates shown are approximate based on publicly available information and subject to change
Loan Requirements & Processing
BPI Family Savings Bank
- Minimum Monthly Income: ₱40,000
- Maximum DTI: 40%
- Typical Approval Time: 52 days
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
- Loan Purposes: Refinancing, Home Equity, RFO, Pre-Selling, Renovation
Metrobank
- Minimum Monthly Income: ₱30,000 - ₱50,000
- Maximum DTI: 30-35%
- Typical Approval Time: 45-60 days
- Employment Requirements: Varies by loan type
- Documentation: Extensive paperwork required
Potential Monthly Savings Calculator
₱3,000,000 Loan, 20-Year Term Example
BPI Family Savings Bank (6.50%)
Monthly Payment: ₱22,517
Total Interest: ₱2,404,080
Metrobank (8.0% estimated)
Monthly Payment: ₱25,093
Total Interest: ₱3,022,320
Monthly Savings with BPI: ₱2,576
Total Interest Savings: ₱618,240
Why Choose BPI Family Savings Bank Through Nook
- Verified Low Rates: Access guaranteed 6.50% rates through our partner network
- Free Broker Service: No fees to you - Nook handles the entire process
- Streamlined Application: Pre-qualified applications with faster processing
- Expert Support: Dedicated loan specialists guide you through every step
- Flexible Requirements: Accommodates various employment types including OFWs
Compared to applying directly or through other lenders, Nook's partnership with BPI Family Savings Bank ensures you get the best available rates with professional support throughout the process.
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Compare My Options →Frequently Asked Questions
What are the current BPI vs Metrobank refinancing rates?
BPI Family Savings Bank (Nook partner) offers 6.50% for 5-year fixed terms and 6.70% for 1-year fixed or home equity loans. Metrobank's rates typically range from 7.5% to 9.0% based on publicly available information. All rates are subject to change and final approval.
How much can I save by refinancing with BPI instead of staying with Metrobank?
For a ₱3,000,000 loan over 20 years, refinancing from Metrobank (8.0%) to BPI Family Savings Bank (6.50%) could save you approximately ₱2,576 monthly and ₱618,240 in total interest payments. Your actual savings depend on your current rate and loan terms.
Is it difficult to transfer my loan from Metrobank to BPI?
Through Nook's free broker service, the refinancing process is streamlined. We handle the application with BPI Family Savings Bank, coordinate the loan takeout from Metrobank, and manage all documentation. The typical process takes 52 days with our partner bank.
What are the minimum requirements for BPI refinancing?
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 and maximum debt-to-income ratio of 40%. They accept various employment types including private employees, government workers, BPO staff, OFWs, self-employed individuals, and professionals.
Does Nook charge fees for helping with BPI refinancing?
No, Nook's broker service is 100% free to borrowers. We're compensated by our partner banks, so there are no fees, commissions, or hidden charges for homeowners using our refinancing service.