BDO's current 1-year fixed rate starts at 6.00% p.a. — but if you locked in your housing loan years ago, you could be paying 7% to 10% and losing thousands every month.
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Why this matters
A 15-year housing loan from BDO is one of the most popular home financing options in the Philippines — it balances manageable monthly payments with a shorter payoff period compared to 20 or 25-year terms. BDO's current 1-year fixed rate is 6.00% p.a., which applies whether you're taking out a new loan or refinancing an existing one. However, if you originally borrowed at 8%, 9%, or even 10%, you're carrying a significantly higher monthly burden than necessary. For a full breakdown of BDO's current home loan rates and how they compare to other banks, Nook has published an up-to-date guide for 2026.
To illustrate the real impact: on a ₱3,000,000 loan with 15 years remaining, moving from 9.00% to 6.00% reduces your monthly amortization from roughly ₱26,992 down to ₱22,966 — a difference of over ₱4,000 every single month. That's nearly ₱50,000 per year back in your pocket, or more than ₱700,000 over the remaining life of the loan. Refinancing doesn't extend your debt — it simply reprices it at a lower rate, so you pay less for the same home. If you're unsure whether you qualify, reviewing the BDO housing loan requirements is a smart first step before you apply.
Through Nook, applying to refinance your BDO housing loan costs you absolutely nothing — Nook's broker service is 100% free for borrowers. Nook submits your application directly to BDO and other partner banks simultaneously, so you can compare offers without filling out multiple forms. BDO's typical approval timeline is around 30 days, with a minimum qualifying income of ₱50,000 per month and a maximum debt-to-income ratio of 40%. Whether you're employed in the private sector, a government worker, OFW, or self-employed professional, BDO accepts a wide range of income types. Note: Interest rates are subject to change — always verify the latest rates directly with your bank 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 rate of 6.00% p.a. for housing loans, including 15-year terms. After the fixed period ends, your rate will reprice based on prevailing market rates, so many borrowers choose to refinance again at that point. Always confirm the latest rates with BDO directly or through a free broker like Nook, as rates are subject to change.
At BDO's current 6.00% p.a. fixed rate, the estimated monthly amortization on a ₱3,000,000 loan over 15 years is approximately ₱22,966. If you're currently paying at 9.00%, that same loan would cost around ₱26,992 per month — meaning you could save over ₱4,000 monthly by refinancing. Use these figures as estimates and request an official computation from BDO or Nook for your specific loan balance.
Yes, you can refinance your current BDO loan — or even a loan from another bank — into a new BDO housing loan at today's lower rates. Refinancing resets your interest rate without necessarily changing your remaining term, and it can result in significant monthly savings. Nook makes this process free and straightforward by submitting your application to BDO and other partner banks on your behalf.
A 15-year term means higher monthly payments compared to a 20-year term, but you pay far less interest over the life of the loan. For example, on ₱3,000,000 at 6.00%, a 15-year term builds equity faster and saves hundreds of thousands in total interest versus a 25-year term. The right choice depends on your monthly cash flow — Nook can help you compare both scenarios side by side before you decide.
BDO requires a minimum monthly income of ₱50,000 and a debt-to-income ratio of no more than 40% of your gross monthly income. BDO accepts borrowers from a wide range of employment types including private employees, government workers, OFWs, seafarers, self-employed individuals, and licensed professionals. For a full checklist of documents and eligibility criteria, see Nook's guide on BDO housing loan requirements before starting your application.
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