BDO vs BPI vs Security Bank: 2026 Home Loan Rates at a Glance
All three banks — BDO, BPI, and Security Bank — are Nook partner banks, meaning you can apply to any or all of them through Nook at zero cost to you. Below is a direct side-by-side of their headline rates as of 2026. Note that interest rates are subject to change; always verify current rates with the bank or through your Nook advisor before finalising your application.
| Rate Type | BDO Unibank | BPI Family Savings Bank | Security Bank |
|---|---|---|---|
| 1-Year Fixed | 6.00% | 6.70% | 6.99% |
| 3-Year Fixed | — | — | 7.25% |
| 5-Year Fixed | — | 6.50% | 7.75% |
| Home Equity / Multi-Purpose | 6.00% | 6.70% | 7.50% |
BDO's 6.00% 1-year fixed is the lowest entry rate across all three banks. BPI's 5-year fixed at 6.50% is a compelling middle ground — significantly cheaper than Security Bank's 5-year rate of 7.75% and offering longer-term certainty. Security Bank's 1-year fixed at 6.99% sits above the others but its speed advantage often compensates in urgent scenarios.
Monthly Payment Comparison: What Will You Actually Pay?
Let's make this concrete. Using a sample loan of 3,000,000 over a 20-year term, here is how monthly payments differ across the three banks on their 1-year fixed rates. (These figures are illustrative estimates based on a standard amortising loan structure.)
| Bank | Rate | Est. Monthly Payment | Total Interest Paid (Year 1) |
|---|---|---|---|
| BDO | 6.00% | ~21,491 | ~178,638 |
| BPI | 6.70% | ~22,587 | ~199,368 |
| Security Bank | 6.99% | ~23,089 | ~208,260 |
On a 3,000,000 loan, choosing BDO over Security Bank saves you roughly 1,598 per month, or about 19,176 per year — just on the 1-year fixed rate alone. Over the life of a typical repricing cycle, that difference is significant. If you are currently paying 8% or higher at another bank, refinancing to any of these three could save you even more — our 2026 Philippines home loan rate comparison breaks down the full savings picture across major banks.
Approval Speed: Which Bank Processes Your Loan Fastest?
Processing time matters enormously — especially when you are refinancing to escape a rate that just repriced, or purchasing a property with a tight turnover deadline.
| Bank | Typical Approval Time | What This Means in Practice |
|---|---|---|
| Security Bank | 23 days | Fastest of the three — ideal for urgent timelines |
| BDO | 30 days | Reliable and efficient with a large branch network |
| BPI | 52 days | Longer processing — plan ahead and submit early |
Security Bank's 23-day turnaround is nearly half the time of BPI's 52-day window. If your seller or developer has a strict deadline, Security Bank's speed could be the deciding factor even if its rate is slightly higher. BDO's 30-day timeline is a strong balance of speed and rate competitiveness. BPI applicants should submit documents as early as possible and keep their Nook advisor updated to avoid delays.
Eligibility Requirements: Who Can Apply?
All three banks have broadly similar eligibility criteria, but there are meaningful differences in minimum income requirements that could affect your options.
| Requirement | BDO | BPI | Security Bank |
|---|---|---|---|
| Min. Monthly Income | 50,000 | 40,000 | 50,000 |
| Max Debt-to-Income Ratio | 40% | 40% | 40% |
| Accepted Employment Types | Private, Gov't, BPO, OFW, Self-Employed, Professional | Private, Gov't, BPO, OFW, Self-Employed, Professional | Private, Gov't, BPO, OFW, Self-Employed, Professional, Freelancer |
BPI's lower income threshold of 40,000/month makes it the most accessible of the three for borrowers earlier in their careers or with moderately sized loans. Security Bank uniquely accepts freelancers as a recognised employment type, which is a significant advantage for the growing number of independent contractors and digital professionals in the Philippines. BDO and Security Bank both require 50,000/month minimum income, which is standard for mid-to-large loan amounts.
Loan Purposes Supported: Refinancing, Home Equity & More
Whether you are refinancing an existing loan, purchasing a ready-for-occupancy unit, or tapping home equity for renovations, all three banks cover the most common use cases. Here is a quick breakdown:
| Loan Purpose | BDO | BPI | Security Bank |
|---|---|---|---|
| Refinancing | ✓ | ✓ | ✓ |
| Home Equity / Cash-Out | ✓ | ✓ | ✓ |
| Ready For Occupancy (RFO) | ✓ | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ | ✓ |
| New Construction | ✓ | ✓ | ✓ |
| Renovation | ✓ | ✓ | ✓ |
| Reselling / Secondary Market | ✓ | ✓ | ✓ |
| Foreclosed Properties | ✓ | ✓ | ✓ |
All three banks support the full spectrum of home loan purposes, which means your choice can be driven entirely by rate, speed, and eligibility — not by whether your intended use is covered. For a deeper look at how Security Bank's rates position against the field, see our Security Bank vs BDO and BPI rate comparison.
Who Should Choose Which Bank?
Choose BDO if…
- You want the lowest 1-year fixed rate available (6.00%)
- You earn at least 50,000/month and have stable employment
- You want a fast 30-day approval with a bank that has broad nationwide presence
- You are refinancing and want to maximise monthly savings from day one
Choose BPI if…
- Your monthly income is between 40,000 and 50,000 (BPI's lower threshold opens the door)
- You want a 5-year fixed rate and BPI's 6.50% suits your long-term planning
- You are comfortable with a longer processing timeline and can submit documents early
- You want a widely trusted brand with a large branch network
Choose Security Bank if…
- You need the fastest possible approval — 23 days is best-in-class
- You are a freelancer or independent contractor needing a bank that recognises your income
- You are purchasing a property with a tight developer or seller deadline
- You want flexibility across 1-year, 3-year, and 5-year fixed options in one bank
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 the lowest home loan rate in 2026 — BDO, BPI, or Security Bank?
BDO currently offers the lowest 1-year fixed rate at 6.00% p.a., making it the cheapest entry point of the three. BPI's 5-year fixed rate of 6.50% is competitive for longer-term certainty, while Security Bank's 1-year rate of 6.99% is slightly higher but paired with the fastest approval at 23 days. Rates are subject to change, so confirm current rates through Nook or directly with the bank before applying.
How much can I save by refinancing to BDO instead of staying at a higher rate?
If you are currently paying 8% on a 3,000,000 loan over 20 years, your monthly payment is approximately 25,093. Refinancing to BDO at 6.00% would bring that down to around 21,491 — a saving of roughly 3,602 per month or 43,224 per year. Savings vary depending on your outstanding balance and remaining term. Nook's advisors can run a personalised calculation for free.
Can I apply to BDO, BPI, and Security Bank at the same time?
Yes — and this is actually the strategy Nook recommends. Applying to multiple banks simultaneously gives you competing offers and the ability to choose the best terms at the time of approval. Nook handles the coordination across all three at no cost to you, so there is no reason to limit yourself to one application.
Which bank approves home loans fastest?
Security Bank has the fastest typical approval time at 23 days. BDO follows at approximately 30 days. BPI takes the longest at around 52 days. If you have a time-sensitive purchase or refinancing deadline, Security Bank's speed advantage can be decisive — even if its starting rate is slightly higher than BDO's.
What is the minimum monthly income required for each bank?
BPI has the lowest minimum monthly income requirement at 40,000, making it the most accessible of the three. Both BDO and Security Bank require a minimum monthly income of 50,000. All three banks cap the debt-to-income (DTI) ratio at 40%, meaning your total monthly debt obligations — including the new home loan payment — should not exceed 40% of your gross monthly income.
Does Security Bank accept freelancers for home loans?
Yes. Security Bank explicitly accepts freelancers as a recognised employment type, which sets it apart from BDO and BPI, who list private employees, government workers, BPO employees, OFWs, self-employed individuals, and professionals. If you earn income as a freelancer or independent contractor, Security Bank is your strongest option among these three banks.
Is Nook's service really free for borrowers?
Yes — Nook charges borrowers nothing. Nook earns a referral fee from the bank when your loan is approved, so you get professional mortgage brokering, document guidance, and multi-bank application management at zero cost. The rate you receive through Nook is the same rate you would get applying directly to the bank.
What is the difference between a 1-year fixed and a 5-year fixed home loan rate?
A 1-year fixed rate means your interest rate is locked in for the first year, after which it is repriced based on market conditions. A 5-year fixed rate locks in your rate for five years, giving you more payment predictability. BDO's 1-year fixed at 6.00% is lower upfront, but your rate could change after year one. BPI's 5-year fixed at 6.50% costs slightly more initially but shields you from rate increases for five years — a worthwhile trade-off in a rising rate environment.