BDO vs Metrobank

BDO vs Metrobank Housing Loan: At a Glance

Both BDO Unibank and Metrobank are Tier 1 Philippine banks with decades of home lending experience. However, there are meaningful differences in their current rates, borrower eligibility, and the overall application experience. The table below summarizes the key figures for 2026.

* Metrobank rates and details are approximate, based on publicly available information as of 2026, and are subject to change without notice. Always verify directly with Metrobank for current terms.

Interest Rates: BDO vs Metrobank

Interest rate is almost always the most important factor in a housing loan decision — even a 1% difference can add hundreds of thousands of pesos to your total repayment over a 20-year term.

BDO (Nook Partner Bank) currently offers a verified 1-year fixed rate of 6.00% p.a. for both standard home loans and home equity products. This is one of the most competitive rates available in the Philippine market today, and it's accessible to Nook applicants at no broker fee.

Metrobank is a strong lender with a well-established home loan portfolio, but its publicly advertised rates generally start higher — typically in the 7.00%–8.50% p.a. range for standard fixed-rate periods. Metrobank does run occasional promotional rates, but these are limited in availability, subject to conditions, and not verifiable through Nook's platform.

What the Rate Difference Means in Pesos

Let's illustrate the impact on a P3,000,000 home loan over 20 years:

Over 20 years, a 1.5% rate gap translates to over P600,000 in additional interest — money that stays in your pocket when you choose the lower rate. If you're already paying a higher rate and want to switch, see our BDO vs Metrobank refinance rates comparison for a detailed breakdown of refinancing scenarios.

Note: Monthly payment estimates are illustrative and assume a flat rate for the full loan term. Actual payments depend on your specific loan structure, re-pricing schedule, and bank policies. Interest rates are subject to change — verify current rates before applying.

Loan Purposes: What Can You Use the Loan For?

BDO, as a Nook partner bank, supports a broad range of loan purposes — giving borrowers flexibility regardless of their property situation.

* Metrobank loan purpose eligibility is based on general market knowledge and may vary by product. Confirm with Metrobank directly.

Eligibility Requirements: Who Qualifies?

Qualifying for a housing loan in the Philippines depends on your income, employment type, age, and credit profile. Here's how BDO and Metrobank compare on the key eligibility criteria.

BDO's explicit support for OFWs and seafarers through Nook is a notable advantage — many Philippine banks restrict or complicate OFW applications due to income verification challenges. BDO has streamlined this process for Nook applicants.

Approval Speed & Application Process

Time matters when you're buying a home or refinancing. Delays in loan approval can cost you your chosen property or leave you paying a higher rate for longer.

BDO via Nook targets a typical approval timeline of around 30 days from complete document submission. Nook's broker team actively manages your application — chasing the bank, flagging missing documents early, and keeping you updated — which often results in faster turnaround compared to applying directly.

Metrobank typically takes 30 to 45 days for home loan approvals based on borrower feedback and publicly available information. Processing time can vary depending on the branch, the complexity of your application, and document completeness.

One practical advantage of applying with Nook: because Nook has a dedicated relationship with BDO, your application gets priority handling that walk-in applicants typically don't receive.

Fees & Charges

Beyond the interest rate, home loans come with a range of fees that add to your total cost. Here's a general comparison:

The biggest practical fee advantage with Nook is the zero broker fee. Traditional mortgage brokers charge 1%–2% of the loan amount — on a P3,000,000 loan, that's P30,000–P60,000. With Nook, that cost disappears entirely.

* Metrobank fees are approximate and based on general market information. Confirm current fee schedules directly with Metrobank.

Refinancing: BDO vs Metrobank

If you're an existing homeowner looking to lower your monthly payments, refinancing to a bank offering 6.00% p.a. from a rate of 8%–10% can produce dramatic savings. BDO, as a Nook partner bank, is one of the most competitive refinancing options available in the Philippines today.

Metrobank does offer refinancing, but without verified promotional rates through an independent broker, it's harder to guarantee you're getting the best deal available. When comparing refinance options between these two banks, the rate gap often tips decisively in BDO's favor. For a deeper look at refinancing specifically, our BDO vs Metrobank home loan refinance rates page walks through scenarios in more detail.

The best refinance rate currently available through Nook is 5.99% p.a. — which means some borrowers may qualify for an even lower rate depending on their loan profile. If you're currently paying 8% or more, the monthly savings from refinancing through Nook could exceed P5,000 per month on a P3,000,000 loan.