BDO offers fixed rate periods from 1 to 5 years — but once your lock-in ends, your monthly payment can jump significantly. See how much you could save by refinancing to 5.99% p.a. through Nook.
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Why this matters
BDO Unibank is one of the Philippines' largest home loan providers, offering fixed rate periods typically ranging from 1 to 5 years. Their current 1-year fixed rate starts at 6.00% p.a. for qualified borrowers — a competitive entry point. However, many existing BDO borrowers took out their loans when rates were higher, or are now approaching the end of their fixed period and facing repricing to variable rates that can reach 8.50% to 10% p.a. If your repricing date is coming up, now is the time to review your options before your monthly payment increases. You can also review the full BDO interest rate schedule and repricing guide to understand exactly what to expect.
Understanding BDO's lock-in period is critical. During the fixed period — whether 1, 2, 3, or 5 years — your interest rate and monthly amortisation are stable and predictable. Once that period ends, BDO reprices your loan based on prevailing market rates, which means your payment could increase by thousands of pesos per month with little warning. Borrowers who locked in at 7% to 9% several years ago are now seeing repriced rates that significantly erode their household budget. Refinancing before repricing — or shortly after — can lock in a lower long-term rate and restore payment certainty.
Through Nook, qualified borrowers can access BDO's home loan product at 6.00% p.a. (1-year fixed) as well as compare offers from over a dozen other Philippine banks — all in one free application. Nook's service costs the borrower nothing; the broker fee is paid by the bank upon successful loan release. If you're unsure whether refinancing makes sense for your situation, check out what documents and requirements you'll need to refinance with BDO so you can prepare in advance. Note that all interest rates are subject to change — always verify current rates with the bank or your Nook advisor before proceeding.
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 starts at 6.00% p.a. for qualified borrowers applying through accredited channels. Rates for longer fixed periods (3-year, 5-year) are typically higher to compensate for the extended rate certainty. Always confirm the latest rates directly with BDO or through a Nook advisor, as rates are subject to change based on market conditions.
When your fixed rate period expires, BDO reprices your loan — usually based on their prevailing lending rate at the time of repricing, which is tied to BSP policy rates and internal bank benchmarks. This means your monthly amortisation can increase substantially, sometimes by ₱3,000 to ₱8,000 per month depending on your outstanding balance and the new rate applied. Refinancing before or shortly after repricing is a common strategy to avoid this payment shock.
Yes — refinancing your BDO home loan to another bank (or back to BDO at a new rate) is a legitimate and widely used strategy in the Philippines. Through Nook, you can compare refinance offers from multiple banks including BDO, and the lowest rate currently available is 5.99% p.a. The process typically takes 30 to 45 days and Nook's brokerage service is completely free to the borrower.
BDO, like most Philippine banks, charges a pre-termination penalty if you refinance during your fixed rate lock-in period — commonly 1% to 3% of the outstanding loan balance. It's important to calculate whether the long-term savings from a lower rate outweigh this one-time cost. In many cases, especially for loans with balances above ₱2,000,000, the math still works in the borrower's favour even after the penalty.
Nook is a digital mortgage broker accredited with BDO and over a dozen other Philippine banks, which means we submit your application to multiple lenders simultaneously and let them compete for your business. This typically results in better rates and faster approvals than applying to one bank on your own. The service is 100% free for borrowers — Nook earns a placement fee from the bank only after your loan is successfully released.
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