BDO Home Loan Refinance: Everything You Need to Know in 2026

Refinancing your home loan with BDO Unibank is one of the most practical financial moves a Filipino homeowner can make — especially if your current interest rate is sitting above 7% or 8%. With BDO offering a 1-year fixed rate of 6.00% p.a. and a streamlined 30-day approval process, switching could mean thousands of pesos in monthly savings over the life of your loan.

This guide walks you through the complete refinancing process — from checking if you qualify, to submitting documents, to getting your new loan released. Whether you're refinancing with BDO or refinancing away from BDO to another lender, we cover it all.

Why Refinance Your Home Loan in 2026?

Most Filipino homeowners locked in their home loans several years ago at rates between 7% and 10% per annum. If your loan was taken out when rates were higher, you may now be significantly overpaying every single month.

Here's a concrete example: Say you have an outstanding balance of 3,000,000 pesos with 20 years remaining, currently at 8.5% p.a. Your monthly amortization is approximately 26,100 pesos. If you refinance to BDO's rate of 6.00% p.a., your new monthly payment drops to around 21,500 pesos — a savings of roughly 4,600 pesos per month, or over 55,000 pesos annually.

Multiply that by a 20-year remaining term and you're looking at potential lifetime savings exceeding 1,100,000 pesos — just from switching your rate.

BDO Home Loan Refinance Rates (2026)

BDO Unibank is one of the Philippines' largest banks and a Nook partner, offering competitive refinancing rates for qualified borrowers:

These rates are among the most competitive currently available in the Philippine market. After your fixed-rate period ends, your loan reprices based on prevailing market rates — so it's worth planning ahead for that reset.

Note: Interest rates are subject to change. Always verify current rates directly with BDO or through your Nook mortgage broker before making a decision.

BDO Refinance Requirements: Do You Qualify?

Before diving into paperwork, check if you meet BDO's basic refinancing criteria:

Income Requirements

Employment Types Accepted

Property Requirements

BDO accepts refinancing for a wide range of property types, including:

Loan-to-Value (LTV) Considerations

BDO will appraise your property to determine how much they'll lend. Generally, banks lend up to 70–80% of the appraised value for refinancing. Your outstanding loan balance relative to your home's current value matters — if your property has appreciated significantly since you bought it, you may be in an even stronger position.

Documents You'll Need

Gather these documents before applying to avoid delays:

Personal Documents

Income Documents

For employed applicants:

For self-employed / business owners:

For OFWs:

Property Documents

Existing Loan Documents

The BDO Home Loan Refinance Process: Step by Step

Here's what the refinancing journey typically looks like from start to finish:

Step 1: Assess Your Current Loan and Goals

Before applying anywhere, know your numbers. Pull your latest Statement of Account from your current bank. Note your outstanding balance, remaining term, and current interest rate. Then calculate what your monthly savings could be at 6.00% p.a. with BDO.

If you want help doing this, Nook's mortgage advisors can run the numbers for you — completely free of charge.

Step 2: Check Your Eligibility

Confirm you meet the minimum income requirement (50,000 pesos/month), that your DTI will fall under 40%, and that you've been making on-time payments on your current loan for at least 12–24 months. Lenders look at payment history closely during refinancing.

Step 3: Submit Your Application

You can apply for BDO home loan refinancing directly at a BDO branch, or — faster and simpler — through Nook's digital platform. Nook is a free mortgage broker, meaning there's no cost to you. Nook submits your application to BDO (and can simultaneously check rates at other Nook partner banks), ensuring you get the best available deal.

Step 4: Property Appraisal

BDO will arrange for an independent appraisal of your property. This typically takes 5–10 business days. The appraisal determines how much BDO will lend you, and the appraised value will be used to calculate your loan-to-value ratio. You'll generally shoulder the appraisal fee.

Step 5: Credit Evaluation and Loan Processing

BDO's credit team evaluates your application, income documents, and credit history. BDO's typical approval timeline is around 30 days. During this period, they may request additional documents — respond promptly to keep things moving.

Step 6: Loan Offer and Sign-Off

Once approved, BDO issues a formal Letter of Offer outlining your approved loan amount, term, and interest rate. Review this carefully. If you're happy with the terms, sign and return it.

Step 7: Redemption of Existing Loan

BDO will coordinate the payoff of your existing mortgage. Your old lender releases the mortgage on your property's title, and BDO registers the new mortgage in their favor. This legal transfer of mortgage is called a mortgage redemption or cancellation of mortgage, and it involves fees with the Registry of Deeds.

Step 8: Loan Release

Once all legal requirements are complete, your new BDO loan is officially released. Your new monthly amortization begins, at your new, lower rate.

Fees and Costs to Expect

Refinancing isn't entirely free — there are transactional costs you should factor into your decision:

A rough estimate for total refinancing costs on a 3,000,000 peso loan is between 30,000 and 70,000 pesos. The good news: on a loan of that size, your monthly savings at 6.00% p.a. (versus 8.5%) could recover those costs within 12–18 months.

Refinancing Away From BDO vs. Refinancing With BDO

If your current loan is already with BDO, you have two options:

  1. Internal repricing: Ask BDO to reprice your existing loan to a lower rate. This is simpler and cheaper — fewer documents, no title transfer. However, BDO may not offer you the same rates as a new applicant.
  2. External refinancing: Move your loan to another bank offering a better rate. This involves the full process described above but at another lender. Check out our guide on how to switch banks and save on monthly payments for a detailed comparison of both paths.

If your current loan is with another bank and you want to move to BDO, the full process above applies. BDO is a strong destination lender for refinancing given its 6.00% p.a. rate, wide branch network, and 30-day approval timeline.

How Nook Helps You Refinance for Free

Nook is the Philippines' first digital mortgage broker, and our service to borrowers is 100% free. Here's what Nook does for you:

Nook earns a referral fee from the bank — not from you. So you get full broker service at zero cost.

If you're weighing your options and want to see how BDO stacks up against other lenders, Nook can provide a side-by-side comparison. You can also read more about switching to BDO and lowering your monthly payment for a deeper breakdown of what borrowers from other banks typically experience when refinancing in.

Is BDO Refinancing Right for You?

BDO refinancing makes strong sense if:

If you tick most of those boxes, the math almost certainly works in your favor. The break-even on refinancing costs is typically under two years — and the savings compound every month after that.