Thousands of Filipino homeowners are paying 7% to 10% interest on their BDO home loans — but the best refinance rate available today is just 5.99% p.a. Find out how much you could save.
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Why this matters
BDO Unibank is one of the Philippines' most popular home loan providers, and for good reason — competitive entry rates, wide branch coverage, and a straightforward application process. But here's the reality most borrowers discover too late: your initial fixed rate only lasts for a set period (typically 1 to 5 years), after which your loan reprices based on prevailing market rates. For many homeowners who took out loans between 2018 and 2023, that repriced rate is now sitting between 8% and 10% — significantly higher than what's available in the market today. If your BDO loan has already repriced or is due to do so in 2026, this is the moment to act.
Refinancing your BDO home loan through Nook means you can access rates as low as 5.99% p.a. — and the entire broker service is completely free to you. Nook submits your application to multiple partner banks simultaneously, so you're not just getting one offer, you're getting the best offer. On a 3,000,000 loan with 20 years remaining, dropping from 8.50% to 5.99% saves over 3,000 pesos every single month. That's real money back in your household budget. For a broader view of how BDO stacks up against other lenders, see our UCPB vs BDO home loan rates comparison or our detailed BDO vs PNB housing loan rates breakdown.
BDO is also a Nook partner bank, which means if BDO still offers the most competitive rate for your profile, Nook can submit your application directly — with no broker fees and a typical approval timeline of around 30 days. Eligible borrowers include salaried employees in private or government roles, BPO workers, OFWs, seafarers, self-employed professionals, and business owners. The minimum qualifying monthly income is 50,000 pesos. Whether you refinance with BDO or switch to another lender, Nook's job is to make sure you're getting the lowest rate your profile qualifies for. Please note that interest rates are subject to change — always verify current rates directly with your chosen bank 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's current 1-year fixed home loan rate is 6.00% p.a. as of 2026, which applies to new loan applications and refinancing. However, if your existing BDO loan has already passed its fixed period and repriced, you may currently be paying a higher rate — often between 8% and 10% depending on when your loan was originally taken out. It's worth checking your latest loan statement or calling BDO directly to confirm your current rate.
When your BDO home loan's fixed period ends — typically after 1, 2, 3, or 5 years — the interest rate is reset based on BDO's prevailing base rate at that time. This is called repricing, and it almost always results in a higher monthly payment than you were originally paying. You'll receive a repricing notice from BDO in advance, and this is the ideal window to compare refinancing options before the new rate kicks in.
Yes — and many borrowers do exactly this after their first fixed period ends. Refinancing means taking out a new home loan (either with BDO or another bank) to pay off your existing one, ideally at a lower interest rate. Through Nook, you can compare multiple banks at once and access refinance rates starting at 5.99% p.a., all without paying any broker fees. The process typically takes around 30 days from application to approval.
The savings depend on your outstanding loan balance, remaining term, and the difference between your current rate and the new rate. On a 3,000,000 loan with 20 years remaining, refinancing from 8.50% down to 5.99% saves approximately 3,069 pesos per month — or over 552,000 pesos across the life of the loan. Use Nook's free refinancing calculator to get a personalised estimate based on your actual loan details.
BDO is one of the strongest home loan lenders in the Philippines, with competitive rates, broad eligibility, and a reliable approval process. As a Nook partner bank, BDO can accept refinancing applications from a wide range of borrower profiles including OFWs, self-employed professionals, and BPO workers. That said, the best bank for your refinance depends on your specific income, property type, and loan amount — which is exactly why comparing multiple lenders through Nook gives you the most complete picture.
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