BDO offers a 1-year fixed rate of 6.00% p.a. — but most homeowners locked in years ago are still paying 8% or more. Here's exactly what that difference costs you every month on a 15-year term.
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Why this matters
If you took out a BDO housing loan a few years ago on a 15-year term, there's a good chance your current interest rate is somewhere between 7.5% and 9%. That made sense at the time — but bank rates have shifted, and BDO's current 1-year fixed rate of 6.00% p.a. means many existing borrowers are quietly overpaying thousands of pesos every single month. On a ₱3,000,000 loan with 15 years remaining, the difference between 8.00% and 6.00% works out to roughly ₱3,305 per month — or almost ₱40,000 a year you could keep in your pocket. For a full picture of where BDO stands today, see our BDO home loan interest rate 2026 guide.
Refinancing your BDO housing loan through Nook is completely free — Nook is the Philippines' first digital mortgage broker, and borrowers pay nothing for the service. Nook compares rates across 14 partner banks, including BDO, and handles the paperwork from application to approval. BDO requires a minimum monthly income of ₱50,000 and typically approves refinance applications within 30 days, making it one of the faster options in the market. Whether your current loan is with BDO or another bank, you can refinance into BDO and take advantage of the 6.00% fixed rate. If you want to check what documents you'll need upfront, the BDO housing loan requirements guide has a complete application checklist.
The 15-year term is one of the most popular choices for Filipino homeowners because it balances a manageable monthly payment against a shorter total interest burden compared to a 20 or 25-year loan. On a ₱3,000,000 loan at 6.00%, your estimated monthly amortization is around ₱25,359. Stretch that same loan to 20 years and the payment drops further, but you pay significantly more interest overall. Running the numbers for your specific loan amount and remaining term is the smartest first step — and Nook's team can do that comparison for you at no cost. Rates are subject to change and we recommend verifying current BDO rates before proceeding with any application.
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 rate of 6.00% p.a. for housing loans, including refinancing. After the fixed period ends, the rate reprices based on prevailing market rates, so it's worth locking in while rates are competitive. Nook can help you apply for this rate for free.
At BDO's current rate of 6.00% p.a. on a 15-year term, your estimated monthly amortization on a ₱3,000,000 loan is approximately ₱25,359. If you're currently paying at 8.00%, that same loan costs around ₱28,664 per month — a difference of over ₱3,300 every month. These figures assume a fully amortizing loan with no fees included.
Yes — BDO accepts refinancing applications from borrowers with loans at other banks, and you can choose a 15-year repayment term when you refinance. You'll need a minimum monthly income of ₱50,000 and a debt-to-income ratio below 40%. Applying through Nook is free and typically takes around 30 days for approval.
A 15-year term means higher monthly payments but significantly less total interest paid over the life of the loan — you'll own your home outright five years sooner and save hundreds of thousands of pesos in interest. A 20-year term gives you a lower monthly payment, which can be useful if cash flow is tight. The right choice depends on your income stability and financial goals.
No — Nook's mortgage brokering service is completely free for borrowers. Nook earns a referral fee from the bank when your loan is approved, so you get expert guidance, rate comparisons, and application support at zero cost to you. There are standard bank processing fees that apply to the loan itself, but Nook's service adds no additional charge.
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