Interest Rate Comparison: BPI vs Security Bank vs Metrobank
BPI Family Savings Bank (Nook Partner)
- 1-Year Fixed: 6.70% p.a.
- 5-Year Fixed: 6.50% p.a.
- Home Equity: 6.70% p.a.
Security Bank (Nook Partner)
- 1-Year Fixed: 6.99% p.a.
- 5-Year Fixed: 6.75% p.a.
- Home Equity: 7.50% p.a.
Metrobank (Non-Partner)
- Standard Rates: 7.00% - 10.00% p.a. (approximate)
- Note: Rates shown are estimates based on publicly available information and subject to change
Monthly Payment Comparison
Here's how much you'd pay monthly on a ₱3,000,000 loan over 20 years:
| Bank | Interest Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| BPI Family Savings Bank (5-Year Fixed) | 6.50% | 22,386 | 2,372,640 |
| Security Bank (5-Year Fixed) | 6.75% | 22,593 | 2,422,320 |
| Metrobank (Est. 8.00%) | 8.00% | 25,093 | 3,022,320 |
Potential Monthly Savings: Choose BPI Family Savings Bank and save up to ₱2,707 monthly compared to Metrobank's estimated rates.
Approval Speed & Requirements
BPI Family Savings Bank
- Typical Approval: 52 days
- Min Monthly Income: ₱40,000
- Max DTI: 40%
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
Security Bank
- Typical Approval: 23 days
- Min Monthly Income: ₱50,000
- Max DTI: 40%
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer
Metrobank
- Typical Approval: 45-60 days (estimated)
- Min Monthly Income: Varies by product
- Requirements: Contact bank directly for current criteria
Loan Purpose Flexibility
Both BPI Family Savings Bank and Security Bank through Nook support comprehensive loan purposes including:
- Refinancing existing home loans
- New construction projects
- Ready For Occupancy (RFO) properties
- Pre-selling units
- Home renovations
- Foreclosed property purchases
- Home equity loans
For borrowers comparing BPI vs Metrobank rates, the enhanced flexibility and competitive rates of these Nook partner banks provide significant advantages over traditional bank-direct applications.
Why Choose a Nook Partner Bank?
- Verified Competitive Rates: Access to confirmed rates from BPI Family Savings Bank (6.50%) and Security Bank (6.75%)
- Free Broker Service: No cost to borrowers - Nook handles your application process
- Streamlined Process: Single application for multiple lender options
- Expert Guidance: Professional mortgage advisors throughout your refinancing journey
- Transparent Comparison: Clear rate comparisons without hidden fees
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Compare My Options →Frequently Asked Questions
Which bank has the lowest home loan rates among BPI, Security Bank, and Metrobank in 2026?
BPI Family Savings Bank offers the lowest rates through Nook at 6.50% for 5-year fixed terms, followed by Security Bank at 6.75%. Metrobank's standard rates typically range from 7-10%, making the Nook partner banks significantly more competitive.
How much can I save by refinancing from Metrobank to BPI or Security Bank?
On a ₱3,000,000 loan over 20 years, switching from Metrobank's estimated 8% rate to BPI Family Savings Bank's 6.50% rate could save you ₱2,707 monthly and ₱649,680 in total interest over the loan term.
Which bank processes home loan applications fastest?
Security Bank leads with typical approval in just 23 days, while BPI Family Savings Bank takes around 52 days. Metrobank generally requires 45-60 days for processing. All Nook partner bank applications benefit from dedicated support to expedite the process.
What are the minimum income requirements for each bank?
BPI Family Savings Bank requires a minimum monthly income of ₱40,000, while Security Bank requires ₱50,000. Both banks maintain a 40% maximum debt-to-income ratio. Metrobank's requirements vary by specific loan product and should be verified directly with the bank.
Can I apply for loans from BPI Family Savings Bank and Security Bank through Nook for free?
Yes, Nook's mortgage brokerage service is completely free to borrowers. You can apply to both BPI Family Savings Bank and Security Bank through a single application, with expert guidance throughout the refinancing process at no cost to you.
Are the rates shown for BPI and Security Bank guaranteed?
The rates shown are current verified rates for Nook partner banks BPI Family Savings Bank and Security Bank as of 2026. However, all interest rates are subject to change and final approval depends on individual creditworthiness and loan assessment. Metrobank rates are approximate estimates based on publicly available information.