BDO vs BPI Home Loan: At a Glance
Both BDO Unibank and BPI Family Savings Bank are Nook partner banks, meaning you can apply to either — or both — through Nook at absolutely no cost. Below is a side-by-side breakdown of their key home loan parameters so you can make an informed decision.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% | 6.70% |
| 5-Year Fixed Rate | Not published | 6.50% |
| Home Equity Rate | 6.00% | 6.70% |
| Min. Monthly Income | 50,000 | 40,000 |
| Max DTI Ratio | 40% | 40% |
| Typical Approval Time | ~30 days | ~52 days |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Loan Purposes | Refinancing, Home Equity, Renovation, RFO, Pre-Selling, New Construction, Reselling, Foreclosed | Refinancing, Home Equity, Renovation, RFO, Pre-Selling, New Construction, Reselling, Foreclosed |
| Nook Partner | ✅ Yes | ✅ Yes |
Interest Rate Comparison: How Much Can You Actually Save?
The 0.70 percentage point difference between BDO's 6.00% and BPI's 6.70% 1-year fixed rate may seem small, but compounded over a 20-year loan term, it adds up to a significant amount.
Here's an illustration using a loan amount of 3,000,000 over 20 years:
| Scenario | BDO (6.00%) | BPI (6.70%) |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Loan Term | 20 years | 20 years |
| 1-Year Fixed Rate | 6.00% p.a. | 6.70% p.a. |
| Est. Monthly Payment (Year 1) | ~21,491 | ~22,595 |
| Est. Interest Paid (Year 1) | ~180,000 | ~201,000 |
| Estimated Savings (Year 1) | ~21,000 in favor of BDO | |
Note: These figures are illustrative estimates for the initial fixed-rate period only. Rates after the fixed period are subject to re-pricing based on market conditions. Always verify current rates with the bank or through Nook before making a decision.
If you're considering refinancing your existing loan, the savings potential is even more compelling. Most Filipino homeowners are currently paying between 7% and 10% — switching to BDO at 6.00% through Nook could save you tens of thousands of pesos per year. You can explore more scenarios in our detailed BDO vs BPI home loan refinance rates comparison.
Income Requirements: Who Can Qualify?
One of the most practical differences between the two banks is the minimum monthly income requirement:
- BDO requires a minimum monthly income of 50,000.
- BPI requires a minimum monthly income of 40,000.
Both banks use a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly debt obligations — including the new home loan payment — should not exceed 40% of your gross monthly income.
If your monthly income is between 40,000 and 49,999, BPI may be your primary option among the two. If you comfortably earn 50,000 or above, BDO's lower rate makes it the more attractive choice financially.
Both banks accept a wide range of employment types including private sector employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals.
Approval Time: How Fast Can You Get Your Loan?
Processing speed matters — especially if you're refinancing to escape a high interest rate or purchasing a property with a deadline.
- BDO has a typical approval time of approximately 30 days.
- BPI has a typical approval time of approximately 52 days.
BDO's faster turnaround is a clear advantage if you're working against a deadline. BPI's longer timeline is worth factoring into your planning, especially for property purchases with a transfer-of-title deadline.
When you apply through Nook, our team helps you prepare your documents correctly the first time — reducing the risk of delays from incomplete submissions at either bank.
Loan Purposes: What Can You Use the Loan For?
Both BDO and BPI support a comprehensive range of home loan purposes, making them versatile options for most borrowers:
| Loan Purpose | BDO | BPI |
|---|---|---|
| Refinancing | ✅ | ✅ |
| Home Equity (Cash-Out) | ✅ | ✅ |
| Renovation | ✅ | ✅ |
| Ready For Occupancy (RFO) | ✅ | ✅ |
| Pre-Selling | ✅ | ✅ |
| New Construction | ✅ | ✅ |
| Reselling | ✅ | ✅ |
| Foreclosed Properties | ✅ | ✅ |
Both banks are well-matched on loan purpose coverage. Whether you're buying a brand-new condo, refinancing an existing mortgage, or tapping your home equity for a major expense, you'll find both banks can accommodate your needs.
Should You Apply to BDO, BPI, or Both?
Here's the smart move: apply to both through Nook — for free. Nook is the Philippines' first digital mortgage broker, and our service costs you nothing. We submit your application to multiple partner banks and help you compare real offers side by side.
There's no penalty for receiving multiple loan offers. In fact, having competing offers from BDO and BPI gives you negotiating leverage. You can see exactly which bank gives you the best rate, terms, and monthly payment for your specific situation — not just the headline rates.
If you want a broader three-way comparison, check out our guide on BDO vs BPI vs Metrobank refinance rates for 2026.
Reminder: Interest rates are subject to change. Always confirm the latest rates with your bank or through Nook before finalizing your loan application.
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Compare My Options →Frequently Asked Questions
Which has a lower interest rate, BDO or BPI for home loans in 2026?
BDO currently offers a lower 1-year fixed home loan rate of 6.00% per annum, compared to BPI's 6.70% per annum. For borrowers looking for the lowest possible starting rate, BDO has the edge. However, BPI offers a 5-year fixed rate option at 6.50%, which may appeal to borrowers who want longer rate certainty. Always verify current rates before applying, as they are subject to change.
What is the minimum income required for a BDO home loan vs a BPI home loan?
BDO requires a minimum gross monthly income of 50,000, while BPI's minimum is 40,000. If your income falls between these two figures, BPI may be your best option among the two banks. Both banks apply a maximum debt-to-income ratio of 40%.
How long does it take to get approved for a BDO or BPI home loan?
BDO typically processes home loan applications in approximately 30 days, while BPI's typical approval time is around 52 days. If speed is a priority — for example, if you're working toward a property purchase deadline — BDO's faster turnaround may be the deciding factor.
Can I apply to both BDO and BPI at the same time?
Yes, and it's actually a smart strategy. Applying to multiple banks lets you compare real loan offers and choose the best terms. Through Nook, you can apply to both BDO and BPI — and other partner banks — simultaneously, all for free. Nook handles the coordination and helps you evaluate competing offers.
Does BPI or BDO offer home equity loans?
Yes, both banks offer home equity loans. BDO's home equity rate is 6.00% per annum, while BPI's is 6.70% per annum. A home equity loan lets you borrow against the value of your property — useful for major expenses like tuition, business capital, or home renovation.
Is it free to apply through Nook?
Yes, completely free. Nook is a mortgage broker, and its service is 100% free to the borrower. Nook earns a referral fee from the bank — not from you. You get access to multiple bank options, professional guidance, and help with document preparation at no cost.
Can OFWs apply for a BDO or BPI home loan?
Yes. Both BDO and BPI accept OFW and seafarer applicants for their home loan products. Nook can assist OFW applicants in navigating the documentation requirements and coordinating with both banks on their behalf.
What is the best home loan rate available in the Philippines right now?
Through Nook, the best refinance rate currently available is 5.99% per annum. This is lower than both BDO's 6.00% and BPI's 6.70% headline rates. To find out if you qualify for this rate, you can apply through Nook for free and receive a personalized loan comparison.