Interest Rates Comparison
BPI Family Savings Bank (via Nook)
- 1-Year Fixed Rate: 6.70% p.a.
- 5-Year Fixed Rate: 6.50% p.a.
- Home Equity Rate: 6.70% p.a.
Verified partner bank rates through Nook's free broker service.
Metrobank
- Standard Fixed Rates: 7.00% - 10.00% p.a.
- Variable Rates: 8.00% - 12.00% p.a.
Approximate rates based on publicly available information, subject to change.
Monthly Savings Example
For a ₱3,000,000 loan over 20 years:
- BPI Family Savings Bank (6.50%): Monthly payment of approximately 22,143
- Metrobank (8.50%): Monthly payment of approximately 26,067
- Monthly Savings: 3,924 with BPI Family Savings Bank
- Total Interest Savings: Over 940,000 over the loan term
Processing Time & Requirements
BPI Family Savings Bank
- Typical Processing: 52 days
- Minimum Income: 40,000 monthly
- Maximum DTI: 40%
- Employment Types: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
- Free Broker Support: Yes, through Nook
Metrobank
- Typical Processing: 60-90 days
- Minimum Income: Varies by branch
- Documentation: Extensive requirements
- Broker Support: Not included
Loan Features & Flexibility
BPI Family Savings Bank
- Loan Purposes: Foreclosed properties, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling
- Rate Options: Fixed-rate terms available
- Prepayment: Flexible options
- Customer Service: Dedicated broker support through Nook
Metrobank
- Loan Purposes: Standard home purchase and refinancing
- Rate Options: Both fixed and variable rates
- Branch Network: Extensive nationwide presence
- Additional Services: Full-service banking relationship
Which Bank Should You Choose?
The choice between BPI Family Savings Bank and Metrobank depends on your priorities, but the numbers speak clearly. BPI Family Savings Bank's rates through Nook can save you hundreds of thousands of pesos over your loan term.
Choose BPI Family Savings Bank if:
- You want the lowest possible interest rate (6.50%-6.70%)
- You prefer faster processing (52 days typical)
- You want free professional broker support
- You meet the 40,000 monthly income requirement
- You value transparent, verified rates
Consider Metrobank if:
- You already have an established banking relationship
- You prefer dealing directly with a large universal bank
- You need extensive branch access nationwide
- You're comfortable with potentially higher rates for brand familiarity
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
Which bank has lower interest rates, BPI or Metrobank?
BPI Family Savings Bank offers significantly lower rates at 6.50%-6.70% through Nook, compared to Metrobank's typical 7-10% range. This difference can save you hundreds of thousands of pesos over your loan term.
How much can I save by choosing BPI Family Savings Bank over Metrobank?
For a ₱3,000,000 loan over 20 years, you could save approximately 3,924 monthly and over 940,000 in total interest by choosing BPI Family Savings Bank's 6.50% rate versus Metrobank's typical 8.50% rate.
Which bank processes home loans faster?
BPI Family Savings Bank typically processes loans in 52 days, which is faster than Metrobank's 60-90 day processing time. Plus, with Nook's free broker service, your application gets professional guidance throughout the process.
What are the income requirements for BPI vs Metrobank home loans?
BPI Family Savings Bank requires a minimum monthly income of 40,000, while Metrobank's requirements vary by branch and loan product. Both banks accept various employment types including private, government, BPO, OFW, and self-employed borrowers.
Can I refinance my existing Metrobank loan to BPI Family Savings Bank?
Yes, BPI Family Savings Bank accepts refinancing applications, including from Metrobank borrowers. Through Nook's free service, you can easily compare your current rate with BPI Family Savings Bank's competitive 6.50%-6.70% rates and potentially save thousands monthly.
Is it better to work with Nook for BPI Family Savings Bank loans?
Yes, working with Nook provides several advantages: verified competitive rates, free professional broker service, streamlined application process, and expert guidance. Nook's service is 100% free to borrowers and can help secure the best possible terms.