Income Requirements Comparison
BDO Unibank
Minimum Monthly Income: ₱50,000
Maximum DTI Ratio: 40%
Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
BPI Family Savings Bank
Minimum Monthly Income: ₱40,000
Maximum DTI Ratio: 40%
Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
Metrobank
Minimum Monthly Income: ₱50,000-₱60,000 (approximate)*
Maximum DTI Ratio: 35%-40% (approximate)*
Employment Types: Private, Government, OFW, Self-Employed, Professional
*Rates shown are approximate based on publicly available information and subject to change
Document Requirements
| Document Type | BDO | BPI | Metrobank |
|---|---|---|---|
| Income Documents | Latest 3 months payslips, ITR, Certificate of Employment | Latest 3 months payslips, ITR, Certificate of Employment | Latest 3 months payslips, ITR, Certificate of Employment |
| Financial Statements | Bank statements (6 months), existing loan statements | Bank statements (6 months), existing loan statements | Bank statements (6 months), existing loan statements |
| Property Documents | TCT/CCT, Tax Declaration, Location Plan | TCT/CCT, Tax Declaration, Location Plan | TCT/CCT, Tax Declaration, Location Plan |
| Personal IDs | 2 valid government IDs | 2 valid government IDs | 2 valid government IDs |
Interest Rates & Processing Time
BDO Unibank (Nook Partner)
1-Year Fixed Rate: 6.00%
Home Equity Rate: 6.00%
Processing Time: 30 days
✓ Lowest rates among the three banks
✓ Fast 30-day approval through Nook
BPI Family Savings Bank (Nook Partner)
1-Year Fixed Rate: 6.70%
5-Year Fixed Rate: 6.50%
Home Equity Rate: 6.70%
Processing Time: 52 days
✓ Lowest income requirement at ₱40,000
✓ Multiple fixed rate options
Metrobank
Standard Rates: 7.5%-9.5% (approximate)*
Processing Time: 45-60 days (approximate)*
*Rates shown are approximate based on publicly available information and subject to change
Loan Purpose Flexibility
BDO Unibank
- Home Equity
- Foreclosed Properties
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Renovation
- Reselling
BPI Family Savings Bank
- Foreclosed Properties
- Home Equity
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Refinancing
- Renovation
- Reselling
✓ Includes explicit refinancing option
Metrobank
- Home Purchase
- Construction
- Home Equity
- Refinancing
Standard loan purposes offered by most banks
Why Choose a Nook Partner Bank
Both BDO and BPI Family Savings Bank are verified Nook partner banks, which means you get several advantages when applying through our free broker service:
- Verified Rates: The rates shown are current and verified, not estimates
- Free Expert Guidance: Our mortgage specialists help you navigate the application process
- Streamlined Process: We handle the paperwork and follow-ups with the bank
- No Hidden Fees: Our service is 100% free to borrowers
- Better Chances: We know each bank's preferences and can position your application optimally
For a detailed comparison between our partner banks, check out our BDO vs BPI housing loan comparison.
Important Note: Interest rates and requirements are subject to change. The information provided is current as of the date of publication. For Metrobank rates marked with (*), these are approximate figures based on publicly available information and may not reflect current promotional rates or specific loan products. We recommend verifying current rates and requirements directly with your chosen lender or through Nook's free consultation service.
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Compare My Options →Frequently Asked Questions
What is the minimum income requirement for housing loans in the Philippines?
Minimum income requirements vary by bank. BPI Family Savings Bank has the most accessible requirement at ₱40,000 monthly income, while BDO requires ₱50,000, and Metrobank typically requires ₱50,000-₱60,000. Your debt-to-income ratio must also not exceed 35-40% depending on the lender.
Which bank has the fastest housing loan approval process?
BDO Unibank offers the fastest approval process at approximately 30 days when you apply through Nook. BPI Family Savings Bank typically takes 52 days, while Metrobank's process usually takes 45-60 days. Processing times can vary based on document completeness and loan complexity.
What documents do I need for a housing loan application in the Philippines?
Standard documents include: 3 months of recent payslips, Income Tax Return (ITR), Certificate of Employment, 6 months of bank statements, existing loan statements, property documents (TCT/CCT, Tax Declaration, Location Plan), and 2 valid government IDs. Self-employed borrowers may need additional financial statements and business permits.
Can OFWs apply for housing loans with these banks?
Yes, all three banks accept OFW applications. Both BDO and BPI Family Savings Bank explicitly welcome OFW/Seafarer applications. OFWs typically need additional documents like employment contracts, remittance records, and overseas employment certificates. Nook can help OFWs navigate the specific requirements for each bank.
What's the difference between fixed and variable housing loan rates?
Fixed rates remain constant for a specified period (like BDO's 6.00% 1-year fixed or BPI's 6.50% 5-year fixed), providing payment predictability. Variable rates fluctuate with market conditions. BPI offers both options, while BDO focuses on competitive fixed rates. Your choice depends on your risk tolerance and market outlook.
Should I use a mortgage broker like Nook for my housing loan application?
Using Nook's free broker service provides several advantages: access to verified rates from partner banks like BDO and BPI, expert guidance throughout the process, help with documentation, and better positioning of your application. Since Nook's service is 100% free to borrowers, there's no downside to getting professional assistance with your housing loan application.