BDO offers a 1-year fixed rate of 6.00% p.a. — but many homeowners are still paying 8% or more on older loans. See how much you could save by refinancing through Nook for free.
SAMPLE MONTHLY SAVINGS
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Why this matters
BDO Unibank is one of the Philippines' largest home loan providers, offering fixed-rate periods of 1 year at 6.00% p.a. for both standard home loans and home equity products. If you took out your home loan several years ago — or if your loan has already repriced to a higher floating rate — there's a strong chance your current interest rate is significantly above what BDO and other lenders are offering today. Many Filipino homeowners are unknowingly paying between 8% and 10% on loans that could be refinanced to much lower rates. For a deeper look at how BDO structures its rates across different fixed periods, see our BDO home loan interest rate guide for 2026.
Understanding your BDO repricing schedule is essential to timing your refinance correctly. Most BDO home loans reprice annually or every three years, meaning your interest rate resets to whatever the prevailing rate is at repricing time — which can push your monthly amortisation up considerably. The good news is that refinancing before or shortly after repricing is often the most cost-effective move. Nook works with BDO and over a dozen other Philippine banks to find you the most competitive rate available, and our service is completely free to borrowers. BDO accepts applications from salaried employees in the private and government sectors, BPO workers, OFWs, seafarers, self-employed professionals, and more — with a minimum monthly income requirement of ₱50,000 and typical approval in around 30 days. If you're also checking your eligibility, our complete guide to BDO housing loan requirements covers everything you'll need to prepare.
The sample computation on this page uses a ₱3,000,000 outstanding loan balance with 20 years remaining. At 8.50% your monthly amortisation comes to approximately 26,123 — but refinancing to BDO's current 6.00% rate brings that down to around 22,201, a saving of nearly 3,922 every month. Over a 10-year period that adds up to over 470,000 in total interest savings. Even accounting for refinancing costs like documentary stamp tax, notarial fees, and appraisal charges — which typically range from 1% to 2% of the loan amount — most homeowners break even within the first 12 to 18 months. Note that interest rates are subject to change; always verify current rates directly with BDO or through Nook before making a decision.
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 currently offers a 1-year fixed rate of 6.00% p.a. for both standard home loans and home equity loans. Rates are subject to change, so it's best to confirm the latest figures with BDO directly or apply through Nook to get a real-time comparison across multiple banks.
BDO home loans typically reprice at the end of each fixed-rate period — commonly every 1 or 3 years — at which point your interest rate resets to the prevailing bank rate. If rates have risen since you first took out your loan, your monthly amortisation will increase. Refinancing before your repricing date can lock in a lower rate and protect you from unexpected payment increases.
Monthly amortisation is calculated using the standard loan amortisation formula, which factors in your outstanding principal, interest rate, and remaining loan term. For example, a ₱3,000,000 loan at 6.00% p.a. over 20 years results in a monthly payment of approximately 22,201. Nook provides free personalised computations based on your actual loan balance and remaining term.
Generally yes — the longer your remaining term, the more you stand to save from a lower interest rate because interest compounds over a greater number of payments. Even a 1.5 to 2 percentage point reduction on a ₱3,000,000 balance with 20 years remaining can save you hundreds of thousands of pesos over the life of the loan. Nook can calculate your specific break-even point and total savings for free.
Nook's service is 100% free to borrowers — we're compensated by the banks, not by you. You can absolutely end up with a BDO home loan through Nook; in fact, BDO is one of our partner banks. Nook simply ensures you're comparing BDO's offer side by side with other lenders so you get the best available rate for your situation.
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