Metrobank vs EastWest Bank

Metrobank vs EastWest Bank Home Loan: Side-by-Side Rate Comparison

Interest rates are the single biggest factor in the total cost of your home loan. Here's how Metrobank and EastWest Bank stack up in 2026.

Metrobank rates shown are approximate figures based on publicly available information and are subject to change without notice. Always verify current rates directly with the bank. EastWest Bank rates are verified partner rates available through Nook as of 2026 and are also subject to change.

What the Rate Difference Means for Your Monthly Payment

Even a 1–2 percentage point difference in interest rate translates into tens of thousands of pesos in savings over the life of your loan. Here's a concrete example using a 3,000,000 peso loan over 20 years:

That's over 867,000 pesos in interest savings — money that stays in your pocket. If you're currently with Metrobank or a similar lender, refinancing to EastWest Bank through Nook could be one of the most impactful financial decisions you make this year. You can also explore our BDO vs Metrobank refinance rates comparison to see how other top banks compare.

Eligibility Requirements: Who Can Apply?

Both banks have their own minimum requirements for home loan applicants. Here's a quick overview:

Metrobank eligibility details are approximate and based on publicly available information. Please verify directly with Metrobank for the most current requirements.

EastWest Bank's lower minimum income requirement of 40,000 pesos per month and higher maximum DTI of 40% make it accessible to a wider range of borrowers — including OFWs, seafarers, and BPO professionals who are sometimes underserved by traditional lenders. This is a meaningful advantage for many Filipino homeowners considering a refinance.

Loan Purposes Covered

Both banks offer home loans for a variety of purposes, but EastWest Bank's verified product lineup through Nook is notably comprehensive:

EastWest Bank's flexibility across loan purposes — including foreclosed properties and new construction — gives borrowers more options, especially those looking to refinance a non-standard property type.

Metrobank Home Loan: Strengths and Limitations

Metrobank is one of the Philippines' largest and most trusted commercial banks, with a nationwide branch and ATM network that makes it convenient for existing customers. Its home loan product is well-established and widely known.

Metrobank Strengths

• Strong brand reputation and decades of lending history in the Philippines
• Wide branch network across Luzon, Visayas, and Mindanao
• Range of home loan products for purchase, refinancing, and home equity
• Existing customers may benefit from relationship pricing

Metrobank Limitations

• Rates are generally higher than current Nook partner bank offerings — estimated at 7% to 9.50% p.a. depending on term
• Application process can be more time-consuming without a broker
• Less flexibility for non-traditional employment types like OFWs and BPO workers
• No free broker service — you navigate the process alone

If you're currently with Metrobank, it's worth comparing your existing rate against EastWest Bank's current offerings. Our BPI vs Metrobank home loan comparison also shows how Metrobank stacks up against another major Philippine bank.

EastWest Bank Home Loan via Nook: Strengths and Limitations

EastWest Bank is a Nook verified partner bank, which means the rates you see are the actual rates available to qualified borrowers — and you can apply through Nook at zero cost.

EastWest Bank Strengths

• Highly competitive rates starting at 5.99% p.a. for 1-year fixed
• Lower minimum income requirement of 40,000/month
• Higher maximum DTI of 40% — more borrower-friendly
• Accepts a wide range of employment types including OFW, BPO, and self-employed
• Covers more loan purposes including foreclosed properties and new construction
• Streamlined approval process with a typical turnaround of 19 business days
• Apply through Nook for free — no broker fees, no hidden charges

EastWest Bank Limitations

• Smaller branch network compared to Metrobank — though this matters less for digital applications
• Existing Metrobank customers may need to factor in prepayment penalties when switching

How Nook Makes the Comparison Easy — and the Application Free

Nook is the Philippines' first digital mortgage broker. Instead of visiting multiple banks and filling out separate applications, Nook lets you compare verified rates from partner banks — including EastWest Bank — and apply in one streamlined process. Our service is completely free to borrowers; we're paid by the bank, not by you.

Here's how Nook works:

1. Tell us about your loan — current balance, property value, and goals
2. We match you with the best available rate — from EastWest Bank and other Nook partner banks
3. We handle the paperwork — our team guides you through every document and step
4. You get approved faster — with a dedicated advisor on your side

Whether you're refinancing from Metrobank or applying for a new home loan, Nook removes the guesswork and the legwork — so you can focus on what matters.