Metrobank vs BPI vs Security Bank: Home Loan Rate Comparison at a Glance
Below is a side-by-side snapshot of current home loan and refinancing rates across all three banks. Note that Metrobank rates shown are approximate, based on publicly available information, and are subject to change — always verify directly with the bank. BPI Family Savings Bank and Security Bank rates are verified through Nook's partner network.
| Feature | Metrobank | BPI Family Savings Bank | Security Bank |
|---|---|---|---|
| 1-Year Fixed Rate | ~7.00%–8.00% p.a. (approx.) | 6.70% p.a. | 6.99% p.a. |
| 5-Year Fixed Rate | ~7.50%–8.50% p.a. (approx.) | 6.50% p.a. | 6.75% p.a. |
| Home Equity Rate | ~8.00%–9.00% p.a. (approx.) | 6.70% p.a. | 7.50% p.a. |
| Min. Monthly Income | ~P50,000 (approx.) | P40,000 | P50,000 |
| Max DTI Ratio | ~40% (approx.) | 40% | 40% |
| Typical Approval Time | ~30–45 days (approx.) | ~52 days | ~23 days |
| Nook Partner Bank | No | Yes ✓ | Yes ✓ |
| Free Broker Service via Nook | No | Yes ✓ | Yes ✓ |
Metrobank rates are approximate and based on publicly available information as of 2026. They are subject to change without notice. BPI and Security Bank rates are verified partner rates. All rates are subject to change — verify current rates before applying.
Monthly Payment Comparison: How Much Could You Save?
To make this concrete, here's a real-money comparison for a P4,000,000 home loan on a 20-year term across the three banks, using representative rates:
| Bank | Rate Used | Est. Monthly Payment | Total Interest (20 yrs) |
|---|---|---|---|
| Metrobank (approx.) | 7.75% p.a. | ~33,100 | ~3,944,000 |
| Security Bank (5-yr fixed) | 6.75% p.a. | ~30,500 | ~3,320,000 |
| BPI Family Savings Bank (5-yr fixed) | 6.50% p.a. | ~29,900 | ~3,176,000 |
At BPI's 6.50% rate, you could save roughly 3,200 per month and over 768,000 in total interest compared to a typical Metrobank rate. Even switching to Security Bank at 6.75% represents meaningful savings. If you're currently paying 8% or more on an older loan, the savings are even more dramatic.
Want to see your exact numbers? Nook's free refinancing calculator lets you input your current loan balance, rate, and remaining term to show your real monthly savings.
BPI Family Savings Bank: Full Profile
BPI Family Savings Bank is one of the Philippines' most established home loan providers and a verified Nook partner bank. It offers some of the most competitive refinancing rates available in the market today.
- 1-Year Fixed Rate: 6.70% p.a.
- 5-Year Fixed Rate: 6.50% p.a.
- Home Equity Rate: 6.70% p.a.
- Minimum Monthly Income: P40,000 — the lowest requirement among the three banks compared here
- Maximum DTI: 40%
- Typical Approval: ~52 days
- Eligible Borrowers: Private employees, government employees, BPO workers, OFW/Seafarers, self-employed, professionals
- Loan Purposes: Refinancing, home equity, new construction, pre-selling, RFO, foreclosed properties, renovation, reselling
BPI's 5-year fixed rate of 6.50% is the lowest among the three banks in this comparison, making it particularly attractive for borrowers who want rate stability over a longer period. The lower income threshold of P40,000/month also opens the door for more Filipino homeowners who may not qualify elsewhere.
For a deeper look at how BPI stacks up specifically against Metrobank, see our detailed guide: BPI vs Metrobank home loan rates: which is better for refinancing?
Security Bank: Full Profile
Security Bank is a strong contender for borrowers who prioritize speed. As a verified Nook partner bank, Security Bank offers competitive rates and the fastest typical approval time of all three banks compared here.
- 1-Year Fixed Rate: 6.99% p.a.
- 5-Year Fixed Rate: 6.75% p.a.
- Home Equity Rate: 7.50% p.a.
- Minimum Monthly Income: P50,000
- Maximum DTI: 40%
- Typical Approval: ~23 days — the fastest of the three
- Eligible Borrowers: Private employees, government employees, BPO workers, OFW/Seafarers, self-employed, professionals, freelancers
- Loan Purposes: Refinancing, home equity, new construction, pre-selling, RFO, foreclosed properties, renovation, reselling
Security Bank's 23-day typical approval is a major advantage if you need to close your refinancing quickly — for instance, if your current loan's lock-in period is ending soon or you want to lock in a rate before the market moves. Security Bank also accepts freelancers, which BPI and Metrobank do not always accommodate as easily.
Metrobank Home Loans: What You Should Know
Metrobank is one of the Philippines' largest banks and a well-known home loan provider. However, it is not a Nook partner bank, which means we cannot verify its current promotional rates in real time.
Based on publicly available information, Metrobank's home loan rates are generally estimated in the range of 7.00%–8.50% p.a. depending on the fixing period, loan amount, and borrower profile. These are approximate figures only — actual rates offered to you may differ based on your creditworthiness, loan tenure, and current promotions.
Key limitations to be aware of with Metrobank:
- Rates are not verified through Nook's partner network, so you will need to apply directly or get a formal quote to confirm your rate
- You cannot use Nook's free broker service to apply to Metrobank, meaning you handle the process entirely on your own
- Processing timelines can vary; there is no broker support to help expedite your application or flag missing documents
- If your application is declined, you have no fallback partner bank readily queued up
For borrowers curious about how Metrobank specifically compares to BPI in a one-on-one matchup, our guide on BPI vs Metrobank home loan rates in 2026 covers this in detail.
Who Should Choose Which Bank?
Choose BPI Family Savings Bank if:
- You want the lowest 5-year fixed rate (6.50% p.a.)
- Your monthly income is between P40,000 and P50,000 — you may not qualify for Security Bank or Metrobank
- You are an OFW, government employee, or BPO worker looking for a lender familiar with your income type
- You want rate stability over a longer fixing period
Choose Security Bank if:
- You need fast approval — Security Bank's 23-day turnaround is the fastest of the three
- You are a freelancer or non-traditional employee who may struggle to qualify elsewhere
- Your monthly income is P50,000 or above
- You value a streamlined digital-friendly process
Consider Metrobank only if:
- You already have an existing relationship with Metrobank (e.g., your payroll or savings account is there)
- You have a specific property type that Metrobank is known to finance more readily
- You get a formal rate quote that genuinely beats BPI and Security Bank — always compare before deciding
Why Apply Through Nook Instead of Going Directly?
Nook is the Philippines' first digital mortgage broker, and its service is 100% free for borrowers. Here's what that means in practice:
- One application, multiple banks: Submit your documents once and Nook will match you with the best offer from its partner banks — including BPI and Security Bank
- Verified rates: You see real, confirmed rates — not ballpark estimates — before you commit
- Expert guidance: Nook's mortgage advisors help you understand your options, prepare your documents, and navigate the approval process
- No broker fee: Banks pay Nook directly. You pay nothing extra
- Faster processing: Nook's relationships with partner banks can help move your application along more smoothly than applying cold
If you're currently paying 7.5% or more on your existing home loan, refinancing through Nook could realistically save you 2,000 to 6,000 per month depending on your loan balance — money that stays in your pocket instead of going to your bank.
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Compare My Options →Frequently Asked Questions
What is the current home loan interest rate at Metrobank, BPI, and Security Bank?
As of 2026, BPI Family Savings Bank offers a verified 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. Security Bank offers 6.99% p.a. (1-year fixed) and 6.75% p.a. (5-year fixed). Metrobank's rates are approximate at around 7.00%–8.50% p.a. depending on the fixing period — these are based on publicly available information and subject to change. All rates should be verified directly before applying.
Which bank has the lowest home loan rate — Metrobank, BPI, or Security Bank?
Based on verified rates, BPI Family Savings Bank currently offers the lowest 5-year fixed rate at 6.50% p.a., followed by Security Bank at 6.75% p.a. Metrobank's rates are estimated to be higher at approximately 7.00%–8.50% p.a., though the exact rate you're offered will depend on your profile and any current promotions. For the best chance at the lowest rate, apply through Nook to compare BPI and Security Bank side by side for free.
Can I refinance my Metrobank home loan with BPI or Security Bank?
Yes. Refinancing from one bank to another is a common and straightforward process in the Philippines. If you currently have a home loan with Metrobank, you can refinance with BPI Family Savings Bank or Security Bank through Nook once your lock-in period has expired — typically after 3 to 5 years. Nook can help you check your eligibility and guide you through the entire process at no cost.
How long does home loan approval take at each bank?
Security Bank has the fastest typical approval at around 23 days. BPI Family Savings Bank typically takes around 52 days. Metrobank's processing time is approximately 30–45 days based on general experience, but this is not verified. If speed is a priority, Security Bank is the clear choice — and applying through Nook can help keep your application on track.
What is the minimum income required to qualify for a home loan at these banks?
BPI Family Savings Bank has the lowest minimum monthly income requirement at P40,000. Both Security Bank and Metrobank require approximately P50,000 per month. If your income is between P40,000 and P50,000, BPI may be your best option among the three.
Is Nook's service really free? How does it work?
Yes, Nook's mortgage brokering service is 100% free for borrowers. Nook is paid directly by the partner banks when a loan is successfully processed — you pay no broker fee, no application fee, and no hidden charges. You simply apply through Nook, and their advisors help match you with the best available offer from partner banks like BPI and Security Bank.
Does Security Bank accept freelancers for home loans?
Yes. Security Bank explicitly accepts freelancers as eligible borrowers, which sets it apart from many other banks. BPI accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, self-employed individuals, and professionals. Metrobank's freelancer policy is not verified through Nook — check directly with the bank if this applies to you.
How much can I save per month by refinancing from 8% to 6.50%?
On a P4,000,000 loan with a 20-year remaining term, switching from 8.00% to 6.50% would reduce your monthly payment from approximately 33,460 to 29,900 — a saving of roughly 3,560 per month, or over 42,700 per year. Over the full remaining term, that adds up to more than 850,000 in total interest savings. Use Nook's free calculator to get an estimate based on your specific loan details.