BDO offers a 1-year fixed rate of 6.00% p.a. — but if you're already paying 8% or more on an existing loan, refinancing through Nook could save you thousands every month for free.
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Why this matters
BDO Unibank is one of the Philippines' largest home loan providers, offering competitive fixed rates starting at 6.00% p.a. for a 1-year fixed term. For many Filipino homeowners, however, their current loan was taken out years ago at rates between 7% and 10% — meaning they could be overpaying by tens of thousands of pesos every year without realising it. If your loan is already repricing or you locked in a higher rate, it's worth comparing what BDO and other lenders can offer you today. You can check the full BDO home loan interest rate guide for 2026 to understand how their rates are structured across different fixing periods.
Refinancing works by replacing your existing home loan with a new one at a lower interest rate — either with BDO or another lender. On a ₱3,000,000 loan with 20 years remaining, moving from 8.00% to 6.00% reduces your monthly amortization by over ₱3,000 and saves you more than ₱600,000 over the life of the loan. Nook acts as your digital mortgage broker, comparing rates across BDO and other partner banks to find your best option. The service is completely free — Nook is paid by the bank, not by you. If you're unsure whether you qualify, the BDO housing loan requirements guide outlines income minimums, employment types, and other eligibility criteria.
BDO accepts a wide range of borrower profiles including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum qualifying income is ₱50,000 per month, and approvals typically take around 30 days. Whether you're refinancing from another bank or repricing within BDO, Nook can help you navigate the process and ensure you're not leaving money on the table. Note: Interest rates are subject to change. Please verify current rates with BDO or through Nook before making any 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 currently offers a 1-year fixed home loan rate of 6.00% p.a. as of 2026. This rate applies to both new purchase loans and refinancing applications. Rates are subject to change, so it's best to confirm the latest figures directly with BDO or through a broker like Nook.
It depends on your current rate and loan balance. On a ₱3,000,000 loan with 20 years remaining, switching from 8.00% to 6.00% saves approximately ₱3,491 per month — or over ₱628,000 in total interest. Use Nook's free calculator to get a personalised estimate based on your actual loan details.
No — Nook's service is completely free for borrowers. Nook is a digital mortgage broker that earns a referral fee from the bank, not from you. You get access to the same BDO rates and faster processing support at zero additional cost.
BDO requires a minimum monthly income of ₱50,000 and a debt-to-income ratio of no more than 40%. They accept private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and professionals. For a full list of documents and eligibility criteria, see the BDO housing loan requirements guide.
BDO typically approves home loan and refinancing applications within 30 days, provided all required documents are submitted correctly. Applying through Nook can help streamline the process since Nook's team reviews your documents before submission to reduce back-and-forth with the bank.
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