BDO vs Metrobank Housing Loan Rates: Side-by-Side Comparison
Choosing between BDO and Metrobank for your housing loan — whether you're buying a new home or refinancing an existing one — comes down to three things: the interest rate you'll actually pay, the terms you qualify for, and how easy the process is. Here's how the two banks stack up based on the best available data as of 2026.
| Feature | BDO (via Nook) | Metrobank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | ~7.00%–8.50% p.a. (approx.) |
| Minimum Monthly Income | ₱50,000 | Varies by product |
| Typical Approval Time | ~30 days | ~30–45 days (varies) |
| Maximum DTI Ratio | 40% | Not publicly disclosed |
| Eligible Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Self-Employed (limited OFW options) |
| Loan Purposes Covered | Refinancing, RFO, Pre-Selling, Reselling, Renovation, Home Equity, New Construction, Foreclosed | Purchase, Refinancing, Home Equity (standard) |
| Broker Service Cost | Free via Nook | N/A (direct application only) |
| Rate Transparency | Verified by Nook | Indicative only — inquire at branch |
⚠️ Metrobank rates shown are approximate figures based on publicly available information and general market knowledge. They are not guaranteed and are subject to change. Always verify directly with Metrobank or a licensed broker before making a decision. BDO rates are verified Nook partner rates as of 2026.
Monthly Payment Comparison: How Much Could You Save?
Let's make this concrete. Below is a side-by-side monthly payment estimate for a ₱3,000,000 housing loan over a 20-year term, comparing BDO's verified 6.00% rate against a representative Metrobank rate of 7.50% (approximate, mid-range estimate).
Loan Amount: ₱3,000,000 | Term: 20 Years
BDO at 6.00% p.a.
Est. Monthly Payment: ₱21,495
Total Interest Paid (20 yrs): ~₱2,158,800
Metrobank at ~7.50% p.a.
Est. Monthly Payment: ₱24,058
Total Interest Paid (20 yrs): ~₱2,773,920
💰 Potential monthly savings: ~₱2,563
💰 Potential total savings over 20 years: ~₱615,120
Even a 1.5 percentage point difference compounds dramatically over a 20-year loan. That's money that could go toward your family's education, emergencies, or investments instead of interest payments to a bank.
Want to see the numbers for your specific loan? Check our BDO vs Metrobank refinance rates comparison to explore different loan amounts and terms.
Eligibility: Who Qualifies for Each Bank?
Both BDO and Metrobank serve a wide range of borrowers, but BDO's eligibility criteria through Nook are fully transparent and cover a broader set of employment types.
BDO Housing Loan Eligibility (via Nook)
- Filipino citizen or foreign national with eligible status
- Minimum monthly income: ₱50,000
- Employed in private sector, government, BPO, or as a professional
- OFWs and seafarers are eligible
- Self-employed borrowers accepted
- Debt-to-income ratio must not exceed 40%
- Property must be in an eligible location
Metrobank Housing Loan Eligibility (General)
- Filipino citizen or qualified foreign national
- Minimum income requirements vary by loan product
- Primarily targets salaried employees and self-employed professionals
- OFW eligibility is limited — verify directly with the bank
- DTI requirements not publicly disclosed
OFWs and seafarers in particular will find BDO's program (accessible through Nook) significantly more accommodating, with clearer documentation requirements and a dedicated process managed by your Nook broker.
Loan Purposes: What Can You Use the Loan For?
BDO via Nook covers a wider range of loan purposes, which matters if your situation goes beyond a straightforward property purchase.
| Loan Purpose | BDO (via Nook) | Metrobank |
|---|---|---|
| Refinancing | ✅ Yes | ✅ Yes |
| Ready for Occupancy (RFO) | ✅ Yes | ✅ Yes |
| Pre-Selling Property | ✅ Yes | ✅ Yes |
| Reselling / Secondary Market | ✅ Yes | ✅ Yes |
| Home Renovation | ✅ Yes | ✅ Yes |
| Home Equity / Cash-Out | ✅ Yes | ✅ Yes (limited) |
| New Construction | ✅ Yes | ⚠️ Verify with bank |
| Foreclosed Properties | ✅ Yes | ⚠️ Verify with bank |
If you're considering refinancing your current home loan to a lower rate, you can also read our detailed guide on BDO vs Metrobank home loan refinance rates for a deeper look at how each bank handles loan takeovers and switching.
The Process: What to Expect When Applying
Applying Through Nook (BDO)
- Submit your details online — takes about 5 minutes on nook.com.ph
- Nook reviews your profile and matches you with the best available BDO product
- Your Nook broker handles paperwork — you don't need to visit a branch to get started
- Receive a conditional approval — typically within 30 days
- Loan is released after final document verification
Nook's broker service is 100% free to borrowers. Nook is compensated by the bank, not by you.
Applying Directly to Metrobank
- Visit a Metrobank branch or fill out an online inquiry form
- A bank officer will contact you to discuss your loan needs
- Submit required documents to the branch
- Wait for credit evaluation and property appraisal
- Receive loan offer and proceed to signing
Metrobank's process is standard for Philippine banks but requires more direct coordination with branch staff. Indicative rates are not always available online, so you may not know your rate until well into the process.
Which Bank Is Right for You?
Here's a simple decision guide based on your situation:
| Your Situation | Recommended Choice |
|---|---|
| You want a verified low rate with zero broker fees | BDO via Nook |
| You're an OFW or seafarer | BDO via Nook |
| You're refinancing from a higher-rate loan | BDO via Nook |
| You want to finance a foreclosed property | BDO via Nook |
| You're already a longtime Metrobank customer with a preferential rate | Compare first — verify with Nook |
| You want to compare multiple banks before deciding | Start with Nook (free, no obligation) |
The safest approach for any borrower is to get a verified rate from a Nook partner bank first, then compare it against any offer you receive directly from Metrobank. Since Nook's service is free, there's no downside to getting a second opinion.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
What is the current interest rate for BDO housing loans in 2026?
BDO's verified 1-year fixed housing loan rate through Nook is 6.00% per annum as of 2026. This rate is confirmed and available to eligible borrowers who apply through Nook's free broker service. Note that rates are subject to change — always verify the latest rate at the time of your application.
What is Metrobank's current housing loan interest rate?
Metrobank does not publish its full housing loan rate schedule online. Based on publicly available information and general market data, Metrobank's housing loan rates are estimated to range from approximately 7.00% to 8.50% per annum for standard fixed-rate periods, though actual rates depend on your loan amount, term, and credit profile. We strongly recommend contacting Metrobank directly or speaking with a Nook broker to compare verified offers side by side.
How much can I save by choosing BDO over Metrobank for my housing loan?
Based on a ₱3,000,000 loan over 20 years, the difference between BDO's 6.00% rate and a representative Metrobank rate of 7.50% works out to approximately ₱2,563 per month — or over ₱615,000 in total interest savings over the life of the loan. Your actual savings will depend on your specific loan amount, term, and the rate Metrobank offers you personally.
Is it free to apply for a BDO housing loan through Nook?
Yes, completely free. Nook is a mortgage broker and its services are 100% free to borrowers. Nook is compensated by the bank upon successful loan disbursement, so you pay nothing extra for access to verified rates, expert guidance, and full application support.
Can OFWs and seafarers apply for a BDO housing loan through Nook?
Yes. BDO via Nook accepts OFWs and seafarers as eligible borrowers. This is a significant advantage over some other banks that have limited or no OFW housing loan programs. Your Nook broker will guide you through the specific documentation requirements for overseas-based applicants.
What is the minimum income required for a BDO housing loan?
The minimum monthly income requirement for a BDO housing loan through Nook is ₱50,000. This applies to employed, self-employed, and professional borrowers. For combined income applications (e.g., spouses), the combined gross monthly income is typically used for qualification purposes.
How long does BDO take to approve a housing loan?
BDO's typical approval timeline is approximately 30 days from submission of complete documents. Applying through Nook can help streamline this process since your broker pre-checks your documents before submission, reducing the likelihood of back-and-forth delays with the bank.
Can I refinance my existing Metrobank housing loan to BDO?
Yes. If you currently have a housing loan with Metrobank and you're paying a higher interest rate, you can refinance to BDO through Nook. This is called a loan takeout or loan refinancing. BDO accepts refinancing as an eligible loan purpose, and Nook will help you calculate whether the savings justify the switching costs. Many borrowers save hundreds of thousands of pesos over the remaining term of their loan.