BDO vs BPI Home Loan Interest Rates: Side-by-Side Comparison (2026)
Below is a direct comparison of current home loan interest rates from BDO Unibank and BPI Family Savings Bank, both of which are Nook partner banks. Rates are verified as of 2026 but are subject to change — always confirm the latest rates before submitting your application.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | 6.70% p.a. |
| 5-Year Fixed Rate | Not published | 6.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. |
| Minimum Monthly Income | 50,000 | 40,000 |
| Typical Approval Time | 30 days | 52 days |
| Maximum DTI | 40% | 40% |
| Accepted Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Loan Purposes | Refinancing, Home Equity, Foreclosed, New Construction, Pre-Selling, RFO, Renovation, Reselling | Refinancing, Home Equity, Foreclosed, New Construction, Pre-Selling, RFO, Renovation, Reselling |
Monthly Payment Comparison: How Much Do You Actually Save?
The difference between a 6.00% and 6.70% rate may sound small, but on a typical Philippine home loan, it adds up to real money every month and over the life of the loan. Here are sample monthly amortization estimates based on a 20-year loan term:
| Loan Amount | BDO @ 6.00% (Monthly) | BPI @ 6.70% (Monthly) | Monthly Savings with BDO | Annual Savings with BDO |
|---|---|---|---|---|
| 2,000,000 | approx. 14,321 | approx. 15,097 | approx. 776 | approx. 9,312 |
| 4,000,000 | approx. 28,642 | approx. 30,194 | approx. 1,552 | approx. 18,624 |
| 6,000,000 | approx. 42,963 | approx. 45,291 | approx. 2,328 | approx. 27,936 |
| 8,000,000 | approx. 57,284 | approx. 60,388 | approx. 3,104 | approx. 37,248 |
Note: Monthly payment estimates assume a 20-year term and are based on the 1-year fixed rates shown. Actual amortizations will vary based on your final approved rate, loan term, and fees. Use these figures for comparison purposes only.
If you are currently paying 7.5% or higher on an existing home loan, refinancing to either BDO or BPI through Nook could generate even larger savings. See how much you could save with a direct refinance rate comparison between BDO and BPI.
BDO Home Loan: Key Strengths and Considerations
Why BDO stands out
- Lowest 1-year fixed rate among the two: At 6.00% p.a., BDO currently offers the lower entry-point rate, making it the stronger choice for borrowers who are primarily focused on minimizing their monthly payment in the near term.
- Fast approval: BDO's typical approval time of 30 days is significantly faster than BPI's 52-day average — an important factor if you are refinancing under a deadline or want to lock in a rate quickly.
- Broad loan purpose coverage: BDO accepts applications for refinancing, home equity, foreclosed properties, new construction, pre-selling, RFO, renovation, and reselling — making it versatile for a range of needs.
- Home equity access at 6.00%: If you want to tap into your property's equity while refinancing, BDO's home equity rate matches its purchase rate at 6.00%.
Things to keep in mind with BDO
- The minimum monthly income requirement of 50,000 is higher than BPI's 40,000 threshold, which may exclude some applicants.
- BDO does not publicly list a 5-year fixed rate product, so borrowers seeking longer rate-lock periods may need to explore further or consider BPI's 5-year option.
BPI Home Loan: Key Strengths and Considerations
Why BPI stands out
- Lower income requirement: BPI's minimum monthly income of 40,000 makes it more accessible for borrowers who may not qualify at BDO, particularly younger homeowners or those with lower declared income.
- 5-year fixed rate option: BPI offers a 5-year fixed rate of 6.50% p.a., which is a compelling option for borrowers who want price certainty for a longer period without the rate re-pricing that comes with 1-year fixed products.
- Full loan purpose coverage: Like BDO, BPI supports the full range of loan purposes including refinancing, home equity, and various property types.
Things to keep in mind with BPI
- BPI's 1-year fixed rate of 6.70% is 70 basis points higher than BDO's 6.00%, which translates to a noticeably higher monthly payment on larger loan amounts.
- Approval typically takes around 52 days, which is longer than BDO's 30-day estimate — plan accordingly if timing matters for your refinance.
Which Bank Should You Choose for Refinancing?
If your primary goal is to reduce your monthly amortization as much as possible and you meet the 50,000 monthly income requirement, BDO's 6.00% rate is the better starting point. The faster 30-day approval is an added advantage.
If you earn between 40,000 and 50,000 per month, BPI may be your most accessible option — and the 5-year fixed rate at 6.50% is worth considering if you want rate stability through mid-decade without going back to market every year.
The good news is that you don't have to choose blind. Through Nook, you can apply to both banks simultaneously at no cost, compare your actual approved offers, and make your decision based on real numbers — not just published rates. For a broader view of how these two banks stack up on refinancing specifically, our BDO vs BPI vs Metrobank refinance rates comparison adds a third data point that may help sharpen your decision.
Interest rates are subject to change without notice. Always verify current rates directly with the bank or through your Nook advisor before making a final decision.
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Compare My Options →Frequently Asked Questions
What is BDO's current home loan interest rate in 2026?
BDO Unibank's current 1-year fixed home loan rate is 6.00% p.a. This rate applies to both purchase and refinancing loans, as well as home equity loans. Rates are subject to change, so confirm the latest figure with BDO or through your Nook advisor before applying.
What is BPI's current home loan interest rate in 2026?
BPI Family Savings Bank's 1-year fixed rate is currently 6.70% p.a. BPI also offers a 5-year fixed rate of 6.50% p.a. for borrowers who prefer longer rate stability. As with all bank rates, these are subject to change.
Is BDO or BPI cheaper for a home loan in the Philippines?
Based on current published rates, BDO is cheaper on a 1-year fixed basis at 6.00% versus BPI's 6.70%. On a 20-year loan of 4,000,000, that difference translates to roughly 1,552 in monthly savings. However, BPI's 5-year fixed rate of 6.50% may be more cost-effective if you factor in repricing risk over time. The best way to compare is to apply to both and evaluate your actual approved offers — which you can do for free through Nook.
Can I apply to both BDO and BPI at the same time?
Yes. Through Nook, you can submit applications to multiple partner banks simultaneously at no cost. This lets you compare real approved offers — including rates, terms, and fees — before committing to any one bank. Nook's service is 100% free to borrowers.
Which bank has a faster home loan approval — BDO or BPI?
BDO typically processes home loan applications in around 30 days, while BPI's average approval time is approximately 52 days. If speed is a priority — for example, if you are refinancing to avoid a rate reset deadline — BDO's faster turnaround is an advantage.
What is the minimum income required for a BDO or BPI home loan?
BDO requires a minimum monthly income of 50,000, while BPI's threshold is lower at 40,000. If your monthly income falls between 40,000 and 50,000, BPI may be the more accessible option. Both banks accept a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals.
Does BDO or BPI offer better rates for home loan refinancing?
For refinancing specifically, BDO's 6.00% 1-year fixed rate is currently lower than BPI's 6.70%. If you are refinancing a loan and your outstanding balance is 3,000,000 or more, the monthly difference is significant. That said, your final approved rate may differ from the published rate based on your profile, property value, and loan-to-value ratio. Applying through Nook lets you see actual offers from both banks without any broker fees.
What is the DTI limit for BDO and BPI home loans?
Both BDO and BPI apply a maximum debt-to-income (DTI) ratio of 40%. This means your total monthly loan obligations — including the new home loan payment — should not exceed 40% of your gross monthly income. If you have existing car loans, personal loans, or credit card debt, these will factor into the calculation.