Metrobank vs BDO Home Loan: At a Glance
Both Metrobank and BDO are among the largest banks in the Philippines and offer home loan products covering purchase, construction, and refinancing. However, there are meaningful differences in rates, qualifying criteria, and the application experience. The table below gives you a quick snapshot — read on for the full breakdown.
| Feature | BDO (Nook Partner) | Metrobank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | ~7.00–9.00% p.a. (estimated) |
| Home Equity / Refi Rate | 6.00% p.a. | Varies; contact bank directly |
| Min. Monthly Income | P50,000 | Typically P40,000–P50,000 |
| Max Debt-to-Income Ratio | 40% | ~40% (estimated) |
| Typical Approval Time | ~30 days | 30–45 days (estimated) |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, Self-Employed (varies) |
| Loan Purposes | Purchase, Refinancing, Home Equity, Renovation, New Construction, Pre-Selling, RFO, Reselling, Foreclosed | Purchase, Refinancing, Construction, Renovation |
| Free Broker Service via Nook | Yes | No |
| Rate Verification | Verified by Nook | Approximate — verify with bank |
Metrobank rates shown are estimates based on publicly available information and general market knowledge. Rates are subject to change without notice. Always verify directly with the bank or apply through Nook to get confirmed rates from our partner banks.
Interest Rates: BDO vs Metrobank
Interest rates are the single biggest factor in your total home loan cost — even a 1% difference translates to hundreds of thousands of pesos over a 20-year term.
BDO Home Loan Rates (Verified)
BDO's rates are verified through Nook's direct partnership. Their 1-year fixed rate is 6.00% p.a., and their home equity/refinancing rate is also 6.00% p.a. These are among the most competitive rates available in the Philippine market right now. After the fixed period, rates reprice based on prevailing bank rates — your Nook advisor can walk you through the repricing schedule in detail.
Metrobank Home Loan Rates (Estimated)
Metrobank's home loan rates are not verified through Nook's partner network. Based on publicly available market information, their rates are generally estimated to fall in the 7.00–9.00% p.a. range for standard fixing periods. Promotional rates may be available for certain borrower profiles, but these are subject to change and should be confirmed directly with Metrobank. Do not rely solely on estimates for financial planning purposes.
Side-by-Side Payment Comparison
To illustrate the impact of the rate difference, here's a sample monthly payment comparison on a P3,000,000 home loan over 20 years:
| Rate Scenario | Monthly Payment (est.) | Total Interest Over 20 Years (est.) |
|---|---|---|
| BDO at 6.00% p.a. | 21,491 | 2,157,840 |
| Metrobank at ~8.00% p.a. | 25,093 | 3,022,320 |
| Difference | 3,602 / month | ~864,480 total |
That's nearly P864,000 in additional interest over the life of the loan — money that stays in your pocket when you secure the lower rate. If you're already paying a higher rate on an existing loan, our BDO vs Metrobank refinance rates comparison goes deeper on the potential savings from switching.
Fixing Periods and Repricing
Philippine home loans typically offer a choice of fixed-rate periods — commonly 1, 2, 3, 5, or 10 years — after which the rate reprices. Understanding this structure is critical for budgeting your loan long-term.
BDO Fixing Periods
BDO offers multiple fixing period options. Through Nook, the verified 1-year fixed rate is 6.00% p.a. Longer fixing periods are available and provide more payment stability at the cost of a slightly higher starting rate. Your Nook advisor can present the full repricing matrix to help you choose the right term.
Metrobank Fixing Periods
Metrobank also offers tiered fixing periods. Based on general market knowledge, their rates tend to be higher across fixing tenors, though promotional offers may be available. Because Metrobank is not a Nook partner bank, we cannot provide verified rate data for their extended fixing options. Contact Metrobank directly or speak with a Nook advisor who can compare confirmed partner bank rates against your alternatives.
Eligibility and Qualifying Requirements
Meeting eligibility requirements is the first hurdle before any rate discussion matters. Here's how the two banks compare on who they'll approve.
BDO Eligibility (Verified)
- Minimum monthly income: P50,000
- Maximum debt-to-income ratio: 40%
- Employment types accepted: Private employees, Government employees, BPO workers, OFWs and Seafarers, Self-Employed individuals, Professionals
- Loan purposes covered: Home purchase (RFO, pre-selling, reselling, foreclosed), new construction, renovation, refinancing, and home equity
Metrobank Eligibility (General)
- Minimum monthly income: Typically around P40,000–P50,000 (estimated; verify with bank)
- Employment types: Generally accepts private employees, government employees, and self-employed (OFW acceptance may vary)
- Loan purposes: Typically covers purchase, construction, renovation, and refinancing
BDO's explicit acceptance of OFWs, seafarers, and BPO workers makes it a notably versatile option for borrowers in non-traditional employment arrangements — a significant advantage for many Filipino families.
Application Process and Approval Speed
Applying to BDO Through Nook
When you apply to BDO through Nook, you get a dedicated mortgage advisor who manages the process end-to-end — document collection, submission, follow-up, and negotiation. BDO's typical approval time through Nook is approximately 30 days. Nook's service is completely free to the borrower; the bank pays the broker fee.
Applying Directly to Metrobank
Applying directly to Metrobank means managing the process yourself — gathering documents, coordinating with the bank's loan officers, and navigating follow-ups without a dedicated advocate. Approval timelines can vary widely depending on the branch and the completeness of your documents. Estimated approval times are typically 30–45 days, though this is not guaranteed.
For borrowers who want expert guidance without paying a cent, Nook's free broker service is a compelling reason to prioritize partner banks like BDO. If you're also considering a loan transfer and want to understand how the numbers work for your specific situation, see our detailed look at BDO vs Metrobank loan takeout rates.
Which Borrower Profile Benefits Most From Each Bank?
| Borrower Profile | Better Fit | Why |
|---|---|---|
| OFW or Seafarer | BDO | Explicitly accepts OFW/Seafarer income with verified rates |
| BPO Employee | BDO | BPO is a recognized employment category; clear DTI limits |
| Self-Employed Professional | BDO | Both accept self-employed, but BDO's rates are verified lower |
| Government Employee | BDO | Verified acceptance and competitive 6.00% rate |
| Existing Metrobank borrower refinancing | BDO via Nook | Lower verified rate; free broker to manage the transfer |
| Already has strong Metrobank relationship | Compare both | Loyalty discounts may apply; use Nook to benchmark |
Important Disclaimers
- BDO rates of 6.00% p.a. are verified through Nook's partner bank agreement and are current as of 2026, but are subject to change without notice.
- Metrobank rates shown are estimates based on publicly available information and general market knowledge. They do not represent confirmed or promotional offers and should not be used for final financial decisions.
- Monthly payment calculations are illustrative only and assume a fixed rate for the full loan term, which does not reflect actual repricing schedules.
- All borrowers should verify current rates and terms directly with their chosen bank before signing any loan agreement.
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Compare My Options →Frequently Asked Questions
What is BDO's current home loan interest rate in 2026?
BDO's verified 1-year fixed home loan rate through Nook is 6.00% p.a. as of 2026. This applies to both standard home purchase loans and home equity/refinancing products. Rates are subject to change, so always confirm the current rate when you apply.
What is Metrobank's home loan interest rate in 2026?
Metrobank's home loan rates are estimated to be in the range of 7.00–9.00% p.a. based on publicly available information as of 2026. Metrobank is not a Nook partner bank, so we cannot provide verified promotional rates. Contact Metrobank directly or speak with a Nook advisor to benchmark their rates against confirmed partner bank offers.
How much can I save by choosing BDO over Metrobank?
On a P3,000,000 loan over 20 years, the difference between a 6.00% rate (BDO) and an estimated 8.00% rate (Metrobank) works out to approximately P3,602 less per month and roughly P864,000 less in total interest. Savings will vary based on your actual loan amount, term, and the specific rates you qualify for from each bank.
Can I apply to both BDO and Metrobank at the same time?
Yes, you can apply to multiple banks simultaneously, and it is actually a smart strategy to compare actual approval offers rather than estimated rates. Nook can help you apply to BDO and other partner banks in a streamlined process — and because Nook's service is completely free, there is no downside to getting multiple verified offers before you decide.
Is BDO or Metrobank better for OFWs applying for a home loan?
BDO is the stronger choice for OFWs and seafarers. BDO explicitly accepts OFW and seafarer income as a qualifying employment type, with a verified minimum monthly income requirement of P50,000. Metrobank's OFW home loan acceptance policies should be verified directly with the bank, as terms can vary.
What is the minimum income requirement for a BDO home loan?
BDO's minimum monthly income requirement is P50,000. This applies across employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals. BDO also uses a maximum debt-to-income ratio of 40% to assess affordability.
How long does BDO home loan approval take?
Through Nook, BDO's typical approval time is approximately 30 days from complete document submission. Nook's mortgage advisors help ensure your documents are complete and correctly submitted, which minimizes delays and back-and-forth with the bank.
Is Nook's mortgage broker service really free?
Yes, Nook's service is 100% free to the borrower. Nook is compensated by the partner bank when a loan is successfully disbursed — this is standard practice for mortgage brokers globally and does not affect the rate you receive. You get expert guidance, document management, and bank coordination at no cost to you.
Can I refinance from Metrobank to BDO through Nook?
Yes. If you currently have a home loan with Metrobank and want to refinance to BDO to take advantage of a lower rate, Nook can manage that entire process for you — from computing your potential savings to handling the paperwork and coordinating with both banks. The service is free, and BDO's refinancing rate through Nook is a verified 6.00% p.a.