Metrobank vs BDO Housing Loan: 2026 Rate Comparison
Interest rates are the single biggest factor in your total loan cost over 15–25 years. Here's how Metrobank and BDO stack up on rates in 2026.
| Rate Type | BDO (Nook Partner) | Metrobank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. ✅ Verified | ~7.00–8.50% p.a. (approximate; subject to change) |
| Home Equity / Refi Rate | 6.00% p.a. ✅ Verified | ~7.50–9.00% p.a. (approximate; subject to change) |
| Rate Transparency | Confirmed via Nook partnership | Based on publicly available info; verify directly with Metrobank |
⚠️ Metrobank rates shown are approximate estimates based on publicly available information and general market knowledge. They are not guaranteed and may have changed. Always verify current rates directly with Metrobank before making any financial decision. BDO rates are verified Nook partner rates as of 2026 and are also subject to change.
Monthly Payment Comparison: ₱3,000,000 Loan Over 20 Years
To make the rate difference tangible, here's what a ₱3,000,000 home loan looks like monthly and over the full loan term at different rates.
| Scenario | Rate | Est. Monthly Payment | Total Interest Paid (20 yrs) |
|---|---|---|---|
| BDO via Nook | 6.00% p.a. | ~21,491 | ~2,157,840 |
| Metrobank (est. low) | 7.50% p.a. | ~24,168 | ~2,800,320 |
| Metrobank (est. mid) | 8.50% p.a. | ~26,123 | ~3,269,520 |
At the estimated midpoint Metrobank rate, a borrower could pay over 1,100,000 more in interest over 20 years compared to BDO's verified 6.00% rate. Even a modest 1.50% rate difference compounds into a very significant sum. See how refinancing from a higher rate compares in our BDO vs Metrobank refinance rates comparison.
⚠️ Monthly payment estimates are for illustration only, based on a standard reducing-balance amortization. Actual payments depend on your loan amount, approved rate, term, and fees. Consult your bank or broker for a precise quote.
Eligibility & Borrower Requirements
Both banks have eligibility requirements, but they differ in flexibility — particularly for non-traditional employment types.
| Criteria | BDO (Nook Partner) | Metrobank |
|---|---|---|
| Minimum Monthly Income | 50,000 | ~40,000–50,000 (varies by loan amount; verify with Metrobank) |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Employed, Self-Employed, OFW (verify current scope with Metrobank) |
| Maximum DTI Ratio | 40% | Typically up to 40% (verify with Metrobank) |
| Loan Purposes | Refinancing, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling, Foreclosed | Purchase, Construction, Refinancing (verify full list with Metrobank) |
BDO's explicit support for BPO workers and seafarers makes it one of the more inclusive options in the market. If you're an OFW or self-employed, BDO through Nook is worth prioritizing.
Fees, Processing & Approval Timeline
| Factor | BDO (via Nook) | Metrobank |
|---|---|---|
| Broker / Application Fee | Free (Nook's service is 100% free to borrowers) | No broker; apply directly (standard bank processing fees apply) |
| Typical Approval Time | ~30 days | ~30–45 days (based on general market knowledge; verify with Metrobank) |
| Appraisal Fee | Standard bank fees apply (confirm with BDO/Nook) | Standard bank fees apply (confirm with Metrobank) |
| Application Support | Dedicated Nook mortgage specialist guides you through the full process | Self-serve or through a bank branch relationship manager |
One often-overlooked advantage of applying through Nook: you get a dedicated mortgage specialist who handles the paperwork coordination, follows up with the bank on your behalf, and helps you avoid common application mistakes — all at no cost to you.
Which Loan Purposes Does Each Bank Cover?
BDO (via Nook) explicitly supports a wide range of loan purposes: refinancing, home equity, new construction, pre-selling, ready-for-occupancy (RFO), renovation, reselling, and foreclosed properties. This makes BDO a versatile choice whether you're buying your first home, cashing out equity, or switching from a higher-rate lender.
Metrobank also offers home purchase, construction, and refinancing products, but you should confirm current supported purposes directly with Metrobank as their product lineup may evolve. For a deeper side-by-side look at refinancing specifically, check our guide on BDO vs Metrobank home loan refinance rates.
Who Should Choose BDO (via Nook)?
- ✅ Borrowers who want a verified, confirmed rate before they apply
- ✅ Homeowners looking to refinance from a higher-rate loan (current rate 6.00% p.a.)
- ✅ OFWs, BPO workers, seafarers, or self-employed professionals who need a bank that explicitly accepts their income type
- ✅ Anyone who wants free expert guidance throughout the mortgage process
- ✅ Borrowers who want faster, more predictable approval (~30 days)
Who Should Consider Metrobank?
- ✅ Existing Metrobank clients who may qualify for loyalty or relationship pricing
- ✅ Borrowers who prefer to deal directly with a bank branch and have an established relationship
- ✅ Those who have already received a competitive rate offer from Metrobank and want to compare it against BDO
Even if you're leaning toward Metrobank, it costs nothing to check what BDO can offer through Nook — and you may be surprised by the difference.
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Compare My Options →Frequently Asked Questions
What is BDO's housing loan rate in 2026?
BDO's verified 1-year fixed rate through Nook is 6.00% p.a. as of 2026. This applies to both standard home purchase loans and refinancing. Rates are subject to change — apply through Nook to confirm the current rate that applies to your loan.
What is Metrobank's housing loan rate in 2026?
Based on publicly available information, Metrobank's housing loan rates are generally estimated in the 7.00–8.50% p.a. range for 1-year fixed periods, though these figures are approximate and subject to change. Metrobank may also offer promotional or relationship rates not publicly listed. Always verify the current rate directly with Metrobank before applying.
Which bank is easier to qualify for — Metrobank or BDO?
BDO (via Nook) has a minimum monthly income requirement of 50,000 and explicitly accepts a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals. This broad eligibility makes BDO one of the more accessible options. Metrobank also accepts employed and self-employed applicants, but you should verify their current eligibility requirements directly with the bank.
How long does BDO take to approve a housing loan?
BDO's typical loan approval timeline is around 30 days when applying through Nook. Nook's mortgage specialists help ensure your application is complete and accurate from the start, which reduces back-and-forth delays and can help speed up the process.
Is Nook's service really free to borrowers?
Yes, completely. Nook is a mortgage broker, which means it earns a referral fee from the bank — not from you. Borrowers pay nothing to use Nook's service, and you still get access to verified partner bank rates, a dedicated mortgage specialist, and end-to-end application support.
Can I refinance my Metrobank housing loan to BDO through Nook?
Yes. If you currently have a housing loan with Metrobank (or any other bank) and are paying a rate above 6.00% p.a., you may be able to refinance to BDO through Nook at the verified 6.00% rate. Nook will assess your eligibility and walk you through the refinancing process at no cost. Many Filipino homeowners are still paying 7–10% on older loans and could save significantly by switching.
What loan purposes does BDO cover through Nook?
BDO through Nook covers a wide range of loan purposes: refinancing, home equity loans, new construction, pre-selling units, ready-for-occupancy (RFO) properties, renovation, reselling, and foreclosed properties. Whether you're buying, building, renovating, or refinancing, BDO is likely able to accommodate your needs.
How much can I save by switching from Metrobank to BDO?
Savings depend on your loan amount, remaining term, and the rate difference. As an example: on a 3,000,000 loan over 20 years, the difference between an estimated Metrobank rate of 8.50% and BDO's verified 6.00% could mean paying over 1,100,000 more in total interest. Use Nook's free calculator or speak to a Nook specialist to get a personalized savings estimate based on your actual loan details.