BDO vs BPI Home Loan: Rate Comparison 2026
When comparing the two largest banks in the Philippines for a home loan, interest rate is usually the first place to start. Here's how BDO and BPI stack up on their current advertised rates available through Nook:
| Rate Type | BDO | BPI |
|---|---|---|
| 1-Year Fixed | 6.00% | 6.70% |
| 5-Year Fixed | N/A | 6.50% |
| Home Equity | 6.00% | 6.70% |
Note: Interest rates are subject to change. Always verify the latest rates directly with the bank or through Nook before making a decision.
BDO's 1-year fixed rate of 6.00% is currently the more competitive option for borrowers who plan to reprice after the first year. BPI's 5-year fixed option at 6.50% is worth considering if you prefer rate stability over a longer period without the commitment of BDO's repricing cycle.
Monthly Payment Comparison
To make this tangible, here's what your estimated monthly amortization would look like at each bank's 1-year fixed rate on a 20-year loan term:
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| 2,000,000 | 14,322 | 15,107 | 785 |
| 3,500,000 | 25,063 | 26,437 | 1,374 |
| 5,000,000 | 35,804 | 37,767 | 1,963 |
| 8,000,000 | 57,287 | 60,427 | 3,140 |
On a 5,000,000 loan over 20 years, choosing BDO's current rate over BPI's could save you approximately 1,963 per month — or roughly 471,120 over the first five years. That's a meaningful difference worth calculating for your specific situation.
If you're already paying a higher rate at another bank and considering refinancing, see our BDO vs BPI home loan refinance rates comparison to understand how much you could save by switching.
Eligibility Requirements: Who Can Apply?
| Requirement | BDO | BPI |
|---|---|---|
| Minimum Monthly Income | 50,000 | 40,000 |
| Maximum DTI Ratio | 40% | 40% |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
Both banks accept a wide range of employment types including OFWs, self-employed individuals, and professionals — making them broadly accessible. The key difference is income threshold: BPI's 40,000 minimum monthly income is more lenient, which matters if your documented income is closer to that floor. BDO requires at least 50,000, which may exclude some first-time borrowers or those in earlier career stages.
Loan Purposes: What Can You Use It For?
| Loan Purpose | BDO | BPI |
|---|---|---|
| Refinancing | ✓ | ✓ |
| Ready For Occupancy (RFO) | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ |
| New Construction | ✓ | ✓ |
| Renovation | ✓ | ✓ |
| Reselling | ✓ | ✓ |
| Foreclosed Properties | ✓ | ✓ |
| Home Equity | ✓ | ✓ |
Both banks cover the full spectrum of home loan purposes — from buying a pre-selling condo to refinancing an existing loan from another bank. Whether you're a first-time buyer, an OFW investing in property back home, or a homeowner looking to lower your current rate, both BDO and BPI have a product for you.
Approval Timeline
| Bank | Typical Approval Time |
|---|---|
| BDO | ~30 days |
| BPI | ~52 days |
BDO's typical approval timeline of around 30 days is significantly faster than BPI's 52-day average. If you're working with a deadline — such as a developer's reservation expiry or a seller who needs a quick close — BDO's faster turnaround could be a deciding factor. BPI's longer timeline doesn't reflect poor service; it often reflects more thorough due diligence, but it does require more lead time in your planning.
Refinancing: Which Bank Is Better?
If you're currently paying a home loan rate above 7% — which is common among Filipino homeowners who took out loans several years ago — refinancing to either BDO or BPI could reduce your monthly payments substantially. BDO's 6.00% rate offers the larger immediate saving, while BPI's 5-year fixed option at 6.50% gives longer-term predictability.
For a deeper dive into how these two banks compare specifically for refinancing, read our detailed guide on BDO vs BPI vs Metrobank refinance rates for 2026, which also factors in Metrobank's current offerings so you can consider all your options.
Through Nook, you can submit one application and get matched with the best refinance offer across multiple partner banks — completely free of charge.
Summary: BDO vs BPI Home Loan at a Glance
| Factor | BDO | BPI | Winner |
|---|---|---|---|
| 1-Year Fixed Rate | 6.00% | 6.70% | BDO |
| 5-Year Fixed Rate | N/A | 6.50% | BPI |
| Home Equity Rate | 6.00% | 6.70% | BDO |
| Min Monthly Income | 50,000 | 40,000 | BPI |
| Approval Speed | ~30 days | ~52 days | BDO |
| Max DTI | 40% | 40% | Tie |
| Employment Flexibility | High | High | Tie |
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Compare My Options →Frequently Asked Questions
What is the current BDO home loan interest rate in 2026?
BDO's current 1-year fixed home loan rate available through Nook is 6.00% per annum. This applies to both standard home purchase loans and home equity loans. Rates are subject to change, so it's best to verify the latest rate when you apply.
What is the current BPI housing loan interest rate in 2026?
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. The 5-year fixed option provides more rate stability, while the 1-year fixed rate is lower upfront but will be repriced after the first year. Always confirm the latest rates directly with the bank or through Nook.
Which bank has a lower monthly payment — BDO or BPI?
On a 1-year fixed basis, BDO's 6.00% rate produces a lower monthly payment than BPI's 6.70%. For example, on a 5,000,000 loan over 20 years, BDO's estimated monthly amortization is around 35,804 versus BPI's 37,767 — a difference of approximately 1,963 per month.
Can I apply for both BDO and BPI home loans at the same time?
Yes. Through Nook, you can submit a single application and get matched with offers from multiple partner banks including BDO and BPI. This lets you compare actual loan offers side by side without needing to apply separately to each bank. Nook's service is completely free for borrowers.
What is the minimum income requirement for BDO and BPI home loans?
BDO requires a minimum monthly income of 50,000, while BPI's threshold is lower at 40,000. Both banks accept a range of employment types including salaried employees, self-employed individuals, OFWs, and professionals. If your income is between 40,000 and 50,000, BPI may be the more accessible option.
How long does BDO vs BPI home loan approval take?
BDO typically processes home loan applications in around 30 days, while BPI's typical approval timeline is approximately 52 days. If you have a time-sensitive purchase or refinancing deadline, BDO's faster turnaround may be an advantage worth considering.
Which is better for refinancing — BDO or BPI?
For borrowers focused on getting the lowest possible rate right now, BDO's 6.00% 1-year fixed rate has the edge. If you prefer locking in a rate for five years without repricing risk, BPI's 5-year fixed at 6.50% is a strong alternative. Both are well below the 7–10% range that many Filipino homeowners are currently paying, making either a potentially significant saving through refinancing.
Does Nook charge a fee for comparing BDO and BPI home loans?
No. Nook is the Philippines' first digital mortgage broker and its service is 100% free for borrowers. Nook earns a fee from the bank once your loan is approved — you pay nothing for the comparison, application assistance, or processing support.