Filipino homeowners comparing BPI and Metrobank often overlook a smarter option — refinancing to a lower rate through Nook can save you thousands every single month.
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Why this matters
When Filipinos ask "which is better — BPI or Metrobank?" for a home loan, they're usually looking at two of the country's most established banks. Both are reputable institutions with wide branch networks and long track records. Metrobank typically offers standard home loan rates in the 7% to 10% range depending on the fixing period, though these rates are approximate and subject to change — always verify directly with the bank. BPI Family Savings Bank, a Nook partner bank, offers verified fixed rates starting at 6.50% for a 5-year fix and 6.70% for a 1-year fix, with a minimum monthly income requirement of just P40,000 and approval in as fast as 52 days. For a deeper look at how their numbers stack up side by side, see our detailed BPI vs Metrobank home loan refinance rates comparison.
The real question isn't just BPI vs Metrobank — it's whether you're currently overpaying on your existing loan. Most homeowners in the Philippines are locked into rates between 7% and 10% from when they first took out their mortgage. Whether your loan is with Metrobank, BPI, BDO, or any other bank, refinancing through Nook could move you to a rate as low as 5.99% p.a. — a difference that adds up to hundreds of thousands of pesos over the life of your loan. Nook is 100% free to borrowers, so you lose nothing by finding out exactly how much you could save.
If you're specifically weighing where to take out a new home loan or refinance an existing one, BPI Family Savings Bank stands out as a Nook partner bank with transparent, competitive rates and a streamlined digital process. Metrobank is a solid institution, but without a broker relationship, you're navigating rates and paperwork entirely on your own. Nook gives you access to verified partner bank rates, handles the comparison for you, and submits your application at no cost. It's the smarter way to make sure you're getting the best deal — not just between two banks, but across the market. You can also explore how all three major banks compare in our BDO vs BPI vs Metrobank refinance rates comparison.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
BPI Family Savings Bank, a verified Nook partner bank, currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. These rates are confirmed and available to eligible borrowers with a minimum monthly income of P40,000. Apply through Nook for free to access these rates without any broker fee.
Metrobank is not currently a Nook partner bank, so we are unable to provide verified promotional rates. Based on publicly available information, Metrobank's standard home loan rates generally fall in the 7% to 10% range depending on the fixing period and loan terms, but these figures are approximate and subject to change — always verify the latest rates directly with Metrobank.
Yes — if you have an existing home loan with Metrobank and your rate is above 6.50%, refinancing through Nook to a partner bank like BPI Family Savings Bank could significantly reduce your monthly payment. Nook's service is completely free to borrowers, and you can get a personalised savings estimate in minutes without any commitment.
BPI Family Savings Bank, available through Nook, has a typical approval timeline of around 52 days from complete document submission. Nook helps streamline the process by guiding you through requirements and submitting your application correctly the first time, which can help avoid unnecessary delays.
Yes, Nook's service is 100% free to the borrower — there are no broker fees, no hidden charges, and no obligation to proceed after getting your savings estimate. Nook earns a referral fee from partner banks upon successful loan disbursement, so you get expert guidance and a better rate at zero cost to you. Note that standard bank fees such as appraisal and documentary stamp tax still apply as part of the loan process.
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