Metrobank vs BPI Home Loan: Rate Comparison
Interest rates are the single biggest factor in your total home loan cost. Here's how Metrobank and BPI Family Savings Bank stack up in 2026.
| Rate Type | Metrobank Approximate | BPI Family Savings Bank Verified via Nook |
|---|---|---|
| 1-Year Fixed Rate | ~7.00% – 8.50% p.a. | 6.70% p.a. |
| 5-Year Fixed Rate | ~7.50% – 9.00% p.a. | 6.50% p.a. |
| Home Equity / Reloan | ~7.50% – 9.00% p.a. | 6.70% p.a. |
⚠️ Metrobank rates shown are approximate figures based on publicly available information and general market data as of 2026. Actual rates may vary based on loan amount, term, and borrower profile. Always verify directly with Metrobank. BPI Family Savings Bank rates are verified through Nook's partner bank network and are subject to change.
Monthly Payment Comparison: ₱3,000,000 Home Loan
To illustrate the real-world impact of the rate difference, here's what a ₱3,000,000 home loan over 20 years would look like at different rates.
| Scenario | Rate | Est. Monthly Payment | Total Interest Paid |
|---|---|---|---|
| Metrobank (Approximate) | 8.00% p.a. | ~25,093 | ~3,022,320 |
| BPI Family Savings Bank (5-Year Fixed via Nook) | 6.50% p.a. | ~22,378 | ~2,370,720 |
| Potential Monthly Savings | ~2,715/month | ~651,600 over 20 years | |
Calculations are estimates for illustrative purposes only, based on a ₱3,000,000 loan at 20-year term with the indicated fixed rate for the full term. Actual payments will vary based on repricing after the fixed period, fees, and other loan conditions.
Eligibility & Requirements
| Criteria | Metrobank Approximate | BPI Family Savings Bank Verified via Nook |
|---|---|---|
| Minimum Monthly Income | ~₱40,000 – ₱50,000 (varies) | ₱40,000 |
| Maximum Debt-to-Income Ratio | ~30% – 40% | 40% |
| Employment Types Accepted | Private, Government, Self-Employed | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| OFW / Seafarer Eligible | Limited (verify directly) | Yes |
| Loan Purposes | Purchase, Refinance, Construction, Renovation | Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling |
Metrobank eligibility criteria are based on general publicly available information and may have changed. Verify current requirements directly with Metrobank. BPI Family Savings Bank criteria are verified through Nook.
Processing Time & Approval Speed
| Factor | Metrobank | BPI Family Savings Bank via Nook |
|---|---|---|
| Typical Approval Timeline | 45 – 90 days (varies) | ~52 days |
| Application Channel | Branch, Online Portal | Online via Nook (free broker assistance) |
| Broker Assistance | Not available through Nook | Full free mortgage broker service through Nook |
| Document Guidance | Self-managed | Guided by Nook's mortgage specialists |
Loan Products & Purposes
Both banks offer a range of home loan products, but BPI Family Savings Bank through Nook covers a broader set of loan purposes — including pre-selling condominiums, foreclosed properties, and home equity loans — all accessible through a single free application via Nook.
- ✅ Refinancing: Available through both banks. BPI Family Savings Bank via Nook offers verified rates as low as 6.50% p.a. — a significant improvement for homeowners currently paying 7% or above.
- ✅ Home Equity / Reloan: BPI Family Savings Bank offers home equity loans at 6.70% p.a. through Nook.
- ✅ New Construction: Supported by BPI Family Savings Bank via Nook.
- ✅ Pre-Selling Properties: BPI Family Savings Bank accepts pre-selling loan purposes, which Metrobank may handle on a case-by-case basis.
- ✅ OFW/Seafarer Loans: Explicitly supported by BPI Family Savings Bank via Nook — a major advantage for overseas Filipino workers.
Why Apply Through Nook Instead of Going Directly?
Nook is the Philippines' first digital mortgage broker — and our service is 100% free for borrowers. Here's what you get when you apply for a BPI Family Savings Bank home loan through Nook instead of walking into a branch directly:
- 🏆 Verified partner bank rates — no surprises, no rate bait-and-switch
- 📋 Document checklist and guidance — we help you prepare the right documents the first time
- 💬 Dedicated mortgage specialist support — a real person guides you through the process
- ⚡ Faster processing — our partner bank relationships help keep your application on track
- 💸 Zero broker fees — Nook is completely free for borrowers; banks compensate us directly
Whether you're refinancing an existing loan or taking out a new home loan, applying through Nook gives you the same BPI Family Savings Bank access — with expert help at no extra cost.
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Compare My Options →Frequently Asked Questions
What are BPI's current home loan interest rates in 2026?
Through Nook, BPI Family Savings Bank offers verified home loan rates of 6.70% p.a. for a 1-year fixed term and 6.50% p.a. for a 5-year fixed term. Home equity loans are also available at 6.70% p.a. These are among the most competitive rates currently available in the Philippine market. Note that rates are subject to change — always verify the latest rates through Nook or directly with BPI Family Savings Bank.
What are Metrobank's home loan interest rates in 2026?
Based on publicly available information, Metrobank's home loan rates generally range from approximately 7.00% to 9.00% p.a. depending on the fixed-rate period, loan amount, and borrower profile. These figures are approximate and subject to change. We recommend contacting Metrobank directly or visiting a branch to get an official rate quote for your specific situation.
Which bank is better for home loan refinancing — Metrobank or BPI?
For refinancing, BPI Family Savings Bank through Nook is generally the stronger option in 2026, offering verified rates starting at 6.50% p.a. for a 5-year fixed term. If you're currently paying 7% or higher on your existing home loan, refinancing through BPI Family Savings Bank via Nook could save you thousands of pesos per month. Nook's service is completely free for borrowers, so there's no added cost to explore your refinancing options.
Can OFWs or seafarers apply for a BPI home loan through Nook?
Yes. BPI Family Savings Bank explicitly accepts OFW and seafarer borrowers as eligible employment types through Nook. This makes it a strong choice for overseas Filipino workers looking to purchase or refinance a home in the Philippines. Nook's mortgage specialists can guide OFW applicants through the documentation requirements, which can be more complex for borrowers working abroad.
How long does BPI home loan approval take?
Through Nook, BPI Family Savings Bank typically processes and approves home loan applications in approximately 52 days. This timeline can vary depending on the completeness of your documents and the complexity of your application. Nook's mortgage specialists help borrowers prepare complete document packages upfront, which can prevent delays in the approval process.
Is Nook's mortgage broker service really free?
Yes, Nook's service is 100% free for borrowers. Nook is compensated directly by partner banks — not by you. You get access to verified partner bank rates, dedicated mortgage specialist support, and a guided application process at absolutely no cost. You won't pay more by applying through Nook than by going directly to the bank.
What is the minimum monthly income to qualify for a BPI Family Savings Bank home loan?
BPI Family Savings Bank requires a minimum monthly income of ₱40,000 for home loan applicants. They also apply a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly debt obligations — including the new home loan — should not exceed 40% of your gross monthly income. Accepted employment types include private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals.
Can I use a BPI home loan through Nook to buy a pre-selling property?
Yes. BPI Family Savings Bank through Nook supports pre-selling property purchases as an eligible loan purpose, along with ready-for-occupancy (RFO) units, new construction, reselling, renovation, home equity, refinancing, and foreclosed properties. This wide range of accepted loan purposes makes BPI Family Savings Bank a flexible option for many types of homebuyers and property investors.