BDO vs Metrobank

Metrobank vs BDO Home Loan: Quick Comparison Table

Before diving into the details, here's a snapshot of where each bank stands for 2026. Note that Metrobank rates below are approximate figures based on publicly available information and are subject to change — always verify directly with the bank. BDO rates are verified through Nook's partner bank data.

Rates and requirements are subject to change. Verify current terms directly with each bank or through Nook for BDO.

Interest Rates: BDO vs Metrobank

The most important number in any home loan comparison is the interest rate — because even a 1% difference compounds into enormous savings over a 20-year loan term.

BDO Home Loan Rates (Verified via Nook)

BDO currently offers a 1-year fixed rate of 6.00% p.a. through Nook. This is a confirmed, up-to-date figure — not an estimate. BDO also offers a Home Equity product at 6.00% p.a., making it one of the most competitive options in the Philippine market right now.

Metrobank Home Loan Rates (Approximate)

Metrobank's home loan rates are generally estimated to fall in the 7.00%–8.50% p.a. range for standard fixed-rate periods, based on publicly available information. These figures are approximate and subject to change — we strongly recommend calling Metrobank directly or visiting a branch for a formal quotation before making any decisions.

What the Rate Difference Actually Costs You

Let's say you're borrowing 3,000,000 over 20 years. Here's how the monthly payment and total interest paid compares at different rates:

At the midpoint of Metrobank's estimated range (7.50%), you'd pay roughly 642,000 more in total interest compared to BDO's verified 6.00% rate. That's a significant difference on a mid-range loan.

If you're already a homeowner paying above 7%, you may want to read more about BDO vs Metrobank refinance rates to understand your options for switching to a lower rate.

Eligibility & Requirements: Who Can Qualify?

BDO Home Loan Requirements

BDO has notably broad eligibility criteria, which is one of the reasons it's a preferred partner for Nook. Here's who can apply:

• Employment types accepted: Locally employed (private sector), government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals
• Minimum monthly income: 50,000
• Maximum debt-to-income ratio (DTI): 40%
• Loan purposes: New purchase (pre-selling, RFO, reselling), refinancing, home equity loan, renovation, new construction, and foreclosed properties

The inclusion of BPO workers, seafarers, and self-employed borrowers is a meaningful advantage — many banks are more restrictive on these categories.

Metrobank Home Loan Requirements (Approximate)

Based on publicly available information, Metrobank's home loan requirements are broadly similar but with some differences:

• Employment types: Locally employed and self-employed are standard; OFW eligibility may be more limited or require co-borrowers
• Minimum monthly income: Approximately 50,000–60,000, though this varies by loan amount and purpose
• Documentary requirements: Standard government IDs, proof of income (payslips, ITR), property documents — similar to most major banks

Always confirm current eligibility criteria with Metrobank directly, as requirements are subject to change.

Documentary Checklist (General)

Both banks will typically ask for the following documents. Having these ready speeds up approval significantly:

• Valid government-issued IDs (at least 2)
• Latest 3 months' payslips (employed) or ITR + financial statements (self-employed)
• Certificate of Employment with compensation
• Collateral documents: Transfer Certificate of Title (TCT), tax declaration, lot plan
• Signed loan application form
• For OFWs: Overseas Employment Certificate (OEC), employment contract, remittance records

Approval Timeline: How Fast Can You Get Your Loan?

Speed matters — especially if you're racing a reservation deadline on a property or need to lock in a rate before it moves.

BDO's typical 30-day approval window is one of the faster timelines among Philippine banks. Metrobank's process can stretch to 45 days or more depending on document completeness and branch load. When you apply through Nook, a dedicated broker ensures your BDO application is complete and properly submitted — which materially reduces back-and-forth delays.

Refinancing: Which Bank Is Better If You Want to Switch?

If you're an existing homeowner looking to refinance — particularly if you're currently paying 7% or higher — the rate gap between BDO and Metrobank becomes even more important.

BDO accepts refinancing as an explicit loan purpose and offers the same 6.00% p.a. verified rate through Nook. If you're currently on a Metrobank loan (or any other bank's loan), you can refinance to BDO and potentially reduce your monthly payment by thousands of pesos.

Here's a quick example: A homeowner with a remaining balance of 4,000,000 at 8.00% p.a. with 15 years left would be paying approximately 38,224 per month. Refinancing to BDO at 6.00% p.a. would bring that down to approximately 33,773 per month — a saving of roughly 4,451 per month, or 53,412 per year.

Nook's service is 100% free to the borrower. You don't pay Nook anything — Nook earns from the bank when your loan is approved. For a broader view of your refinancing options, see our 2026 Philippines home loan bank options comparison.

Home Equity Loans: BDO vs Metrobank

Both banks offer home equity loans — allowing you to borrow against the appraised value of a property you already own. This can be useful for business capital, education, medical expenses, or major renovations.

BDO offers a Home Equity product at a verified 6.00% p.a. through Nook — among the most competitive rates available for this product type. Metrobank also offers home equity facilities, but rates are approximate and should be confirmed directly with the bank.

If you're considering a home equity loan, the same principle applies: BDO's verified 6.00% rate through Nook gives you a clear benchmark to compare against any offer you receive from Metrobank or other banks.