Many BDO housing loan borrowers are still paying 7% or higher — but refinancing through Nook could bring your rate down to 5.99% p.a. with zero broker fees.
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Why this matters
BDO Unibank is one of the Philippines' largest and most trusted home loan providers, offering fixed-rate housing loans starting at 6.00% p.a. for a 1-year fixed term in 2026. As a Nook partner bank, BDO offers competitive rates, a minimum monthly income requirement of just ₱50,000, and a typical approval timeline of around 30 days. Whether you're looking to purchase a ready-for-occupancy unit, fund a renovation, or refinance an existing loan, BDO's home loan products cover a wide range of purposes — from pre-selling and reselling properties to new construction and home equity. You can review the full BDO housing loan requirements to understand what documents and qualifications you'll need before applying.
If you took out your BDO housing loan a few years ago, there's a strong chance you're still locked into a rate of 7.5% to 9% or higher — especially if your loan was repriced during a high-rate period. Refinancing allows you to replace your existing loan with a new one at today's lower rates, potentially saving thousands of pesos every month. On a ₱3,000,000 outstanding balance with 20 years remaining, the difference between an 8.5% rate and 5.99% translates to over ₱3,000 in monthly savings. That's money back in your pocket every single month. For a deeper look at how BDO's current rates compare and what the refinancing process looks like, see our BDO home loan refinancing guide for 2026.
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. We work directly with BDO and other partner banks to match you with the best available rate for your loan profile — without the paperwork headaches or bank-hopping. All you need to do is submit your details once, and Nook handles the rest. Whether you're currently with BDO or another lender, we can help you explore your refinancing options today. Note that interest rates are subject to change; always verify the latest rates with your bank or through Nook before making financial decisions.
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
BDO's current 1-year fixed home loan rate is 6.00% p.a. as of 2026, which is among the most competitive offerings from major Philippine banks. This rate applies to both new home purchases and refinancing. Note that rates are subject to change, so it's best to confirm the latest figures directly with BDO or through Nook.
Yes — if your current BDO home loan rate is above 6.00%, refinancing could reduce your monthly payment significantly. You can refinance your BDO loan with BDO itself or switch to another lender offering a lower rate. Nook can help you compare options across multiple partner banks for free to find the best deal for your situation.
BDO requires a minimum monthly income of ₱50,000 and accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and professionals. Your total monthly debt obligations, including the new home loan payment, should not exceed 40% of your gross monthly income. For a full breakdown, check out the BDO housing loan requirements guide for Philippines applicants.
BDO's typical loan approval timeline is around 30 days from submission of complete documents. This applies to both new purchase loans and refinancing applications. Having all your paperwork in order — income documents, property titles, tax declarations — helps avoid delays and speeds up the process.
Yes, Nook's service is 100% free for borrowers. Nook earns a referral fee from the bank when your loan is approved, so there's no cost to you at any point in the process. You get access to multiple bank options, expert guidance, and a streamlined digital application — all without paying a single peso in broker fees.
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