Metrobank vs BDO Housing Loan 2026: At a Glance
Both Metrobank and BDO are among the Philippines' largest banks and offer housing loan products for home purchase, construction, and refinancing. However, there are meaningful differences in rate transparency, eligibility requirements, and the ease of application — especially when you apply through a broker like Nook.
The table below summarizes the key data points side by side. Note that Metrobank rates shown are approximate based on publicly available information and are subject to change — always verify directly with the bank or through a licensed broker.
| Feature | BDO Unibank | Metrobank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. (verified) | Approx. 7.00%–8.50% p.a.* |
| Minimum Monthly Income | 50,000 | Approx. 50,000–60,000* |
| Typical Approval Time | 30 days | Approx. 30–45 days* |
| Maximum DTI Ratio | 40% | Approx. 35%–40%* |
| Loan Purposes Covered | Purchase, Refinancing, Renovation, Construction, Pre-Selling, RFO, Reselling, Home Equity, Foreclosed | Purchase, Refinancing, Construction, Renovation* |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, Self-Employed* |
| Nook Partner Bank | ✅ Yes — apply free | ❌ Not a Nook partner |
* Metrobank rates and requirements are approximate, based on publicly available information as of 2025–2026, and are subject to change without notice. Contact Metrobank directly or speak to a Nook advisor for the most current figures.
Interest Rate Comparison
Interest rate is almost always the single biggest factor in your monthly payment and total loan cost — and this is where the two banks diverge most clearly.
BDO offers a verified 1-year fixed rate of 6.00% p.a. through Nook. This rate is confirmed and available to qualified borrowers who apply via the Nook platform at no cost. After the fixed period, the rate reprices based on prevailing market conditions.
Metrobank is generally competitive among Philippine banks, but its advertised rates typically start in the range of 7.00% to 8.50% p.a. for a 1-year fixed period, depending on loan amount and borrower profile. Because Metrobank is not a Nook partner, we cannot verify a specific promotional rate on your behalf.
What Does the Rate Difference Mean in Pesos?
To make this concrete, here is a sample monthly payment comparison on a 3,000,000 loan over 20 years:
| Rate | Loan Amount | Term | Est. Monthly Payment | Total Interest Paid |
|---|---|---|---|---|
| 6.00% (BDO via Nook) | 3,000,000 | 20 years | approx. 21,491 | approx. 2,157,840 |
| 7.50% (Metrobank est.) | 3,000,000 | 20 years | approx. 24,056 | approx. 2,773,440 |
| 8.50% (Metrobank est.) | 3,000,000 | 20 years | approx. 26,023 | approx. 3,245,520 |
At 6.00% versus a mid-range 7.50% estimate, a borrower on a 3,000,000 loan over 20 years could save approximately 615,600 in total interest — or roughly 2,565 per month. That is money that stays in your pocket. For a deeper look at how BDO and Metrobank refinance rates stack up, see our BDO vs Metrobank home loan refinance rates comparison.
Monthly payment estimates are illustrative only, calculated on a straight amortization basis during the fixed-rate period. Actual payments will vary based on final approved rate, fees, and loan structure.
Eligibility Requirements
Both banks require borrowers to demonstrate stable income, good credit history, and a property that meets their collateral standards. Here is how their requirements compare:
| Requirement | BDO Unibank | Metrobank |
|---|---|---|
| Minimum Age | 21 years old | Approx. 21 years old* |
| Maximum Age at Loan Maturity | Typically 65–70 years old | Typically 65–70 years old* |
| Minimum Monthly Income | 50,000 | Approx. 50,000–60,000* |
| Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, Self-Employed* |
| Citizenship | Filipino citizens; certain foreign nationals eligible | Filipino citizens; certain foreign nationals eligible* |
| Credit History | Good standing required | Good standing required* |
One area where BDO stands out is its explicit acceptance of OFW and seafarer applicants — a significant population of Filipino borrowers who are sometimes underserved by other lenders. BDO also accepts BPO employees and professionals, making its eligibility net relatively wide.
* Metrobank requirements are approximate and subject to change. Verify directly with Metrobank or a licensed advisor.
Loan Purposes: What Can You Use the Loan For?
BDO's housing loan product, available through Nook, covers a broad range of purposes:
- Refinancing an existing home loan
- Home equity / cash-out
- Purchase of Ready-for-Occupancy (RFO) property
- Pre-selling / off-plan property purchase
- Resale property purchase
- Foreclosed property purchase
- New construction
- Renovation
Metrobank likewise covers most standard purposes including purchase, construction, renovation, and refinancing — but specific availability and rates for each purpose should be confirmed with the bank directly.
If you are specifically looking to refinance your current home loan, our detailed guide on BDO vs Metrobank home loan rates for 2026 covers the refinancing use case in depth.
Processing Fees and Other Costs
Beyond the interest rate, housing loans come with upfront costs that affect the true cost of borrowing. These typically include:
| Fee Type | BDO Unibank | Metrobank |
|---|---|---|
| Processing / Application Fee | Varies; confirm with Nook advisor | Varies; confirm with bank* |
| Appraisal Fee | Charged separately; amount depends on property | Charged separately* |
| Documentary Stamp Tax | Standard government charge applies | Standard government charge applies |
| Mortgage Registration Fee | Standard government charge applies | Standard government charge applies |
| Fire Insurance | Required annually | Required annually* |
| MRI (Mortgage Redemption Insurance) | Required; premium varies by age and loan amount | Required; premium varies* |
| Broker Fee (via Nook) | Free — Nook charges borrowers nothing | N/A — Metrobank not on Nook platform |
A key advantage of applying for a BDO loan through Nook is that Nook's service is completely free to the borrower. You get a dedicated advisor, document support, and rate negotiation assistance at zero cost — the bank compensates Nook directly upon successful loan disbursement.
Application Process and Approval Timeline
BDO via Nook: Nook's digital-first platform allows you to submit your application online, track progress, and get advisor support throughout. BDO's typical approval timeline for complete applications is around 30 days. Nook's team helps ensure your documents are in order before submission, reducing back-and-forth delays.
Metrobank: Metrobank accepts applications through its branches and online portal. Approval timelines are approximately 30 to 45 days based on general market knowledge, though this varies by branch workload, completeness of documents, and loan complexity. As Metrobank is not a Nook partner, you would need to manage the process directly with the bank.
For borrowers who want a smoother, guided experience — especially first-time homebuyers or those refinancing for the first time — the Nook-assisted BDO process offers a significant convenience advantage.
Refinancing: Which Bank Is Better for Takeout?
If you are currently with Metrobank and considering moving your loan to BDO for a lower rate, this is called a loan takeout or refinancing. With BDO's verified rate of 6.00% p.a. versus Metrobank's estimated rates of 7.00%–8.50%, the savings potential is real and substantial.
Refinancing involves some upfront costs — appraisal, documentary stamp tax, and registration fees — but these are typically recovered within 12 to 24 months of lower monthly payments. Nook can help you run this break-even calculation for free.
For a full breakdown of the refinancing comparison between these two banks, visit our page on BDO vs Metrobank housing loan takeout rates.
Important: All interest rates are subject to change without notice. BDO rates shown are verified Nook partner rates as of 2025–2026. Metrobank rates are approximate figures based on publicly available information and may not reflect current promotions or your specific borrower profile. Always verify rates with the relevant bank or an authorized advisor before making financial decisions.
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Compare My Options →Frequently Asked Questions
What is the current housing loan interest rate of BDO in 2026?
BDO's verified 1-year fixed housing loan rate through Nook is 6.00% p.a. as of 2026. This is a confirmed rate available to qualified borrowers who apply through the Nook platform at no cost to the borrower.
What is Metrobank's housing loan interest rate in 2026?
Metrobank's housing loan rates are not publicly locked in a single figure and vary by loan amount, term, and borrower profile. Based on publicly available information, rates are generally estimated in the range of 7.00% to 8.50% p.a. for a 1-year fixed period. You should contact Metrobank directly or speak to a Nook advisor to get an up-to-date quote.
Is BDO or Metrobank better for a housing loan?
For most borrowers in 2026, BDO offers a stronger combination of competitive verified rates (6.00% p.a.), broad eligibility including OFWs and BPO employees, and the benefit of a free, guided application process through Nook. Metrobank is a well-established lender but its rates are generally higher based on available information, and you would need to manage the application independently.
What is the minimum income required for a BDO housing loan?
BDO requires a minimum monthly income of 50,000 for housing loan applicants. This applies to employed, self-employed, and professional borrowers. OFWs and seafarers are also eligible and may have their income assessed differently.
Can I refinance my Metrobank loan with BDO?
Yes. If you currently have a housing loan with Metrobank, you can refinance it with BDO to potentially secure a lower interest rate. BDO explicitly accepts refinancing as a loan purpose, and with a verified rate of 6.00% p.a. versus Metrobank's estimated 7.00%–8.50%, the monthly savings can be significant. Nook can help you calculate your potential savings and manage the entire refinancing process for free.
How long does BDO take to approve a housing loan?
BDO typically approves complete housing loan applications within 30 days. Applying through Nook can help speed this up because Nook's advisors review your documents before submission, reducing the likelihood of requests for additional information that cause delays.
Does Nook charge a fee to apply for a BDO housing loan?
No. Nook's service is 100% free to the borrower. You receive full advisor support, document assistance, and access to verified partner bank rates at no charge. Nook is compensated by the bank upon successful loan disbursement — not by you.
What loan purposes does BDO cover?
BDO housing loans through Nook cover a wide range of purposes: home purchase (RFO, pre-selling, resale, foreclosed), new construction, renovation, refinancing of an existing loan, and home equity or cash-out loans. This makes BDO one of the most versatile options available in the Philippine market.