BDO offers a 6.00% p.a. fixed rate on housing loans — but if you're still paying 8% or more, refinancing through Nook could save you over 58,000 pesos every year.
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Why this matters
BDO Unibank is one of the Philippines' most trusted home loan providers, offering housing loans with a 1-year fixed rate starting at 6.00% p.a. For borrowers on a 15-year term, this rate applies during the initial fixed period, after which your loan is repriced — typically to a new prevailing rate set by the bank. Understanding how repricing works is critical: if your loan reprices upward to 8%, 9%, or even 10%, your monthly amortisation can climb significantly over the remaining term. That's why many homeowners choose to refinance before or at their repricing date. You can also see how BDO stacks up against other lenders in our BDO vs PNB housing loan rates comparison.
To put real numbers to this: on a 3,000,000 peso loan with 15 years remaining, a borrower paying 8.00% p.a. is spending roughly 25,093 pesos per month. Refinancing to BDO's 6.00% rate through Nook brings that down to approximately 21,321 pesos — a monthly saving of nearly 3,772 pesos, or over 45,000 pesos annually. Over the full remaining term, that compounds into significant relief on your household budget. Nook's service is completely free to borrowers; instead of you paying broker fees, Nook earns a referral fee from the bank.
BDO accepts borrowers across a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed — with a minimum monthly income requirement of 50,000 pesos. Typical approval takes around 30 days, and BDO supports loan purposes from refinancing and renovation to ready-for-occupancy and pre-selling units. If you're comparing options beyond BDO, it's also worth reviewing the RCBC vs BDO home loan rates comparison to see which bank fits your financial profile. Note that all interest rates are subject to change — always verify current rates with your bank or through Nook before making a decision.
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 starting at 6.00% p.a. for housing loans, including those on 15-year terms. After the fixed period ends, your loan is repriced to a new rate based on prevailing market conditions. To lock in the best possible rate for your remaining term, it's worth comparing options through Nook before your next repricing date.
Repricing means your interest rate is adjusted — usually upward — to reflect current market rates once your fixed period expires. On a 15-year loan, this can significantly increase your monthly amortisation if rates have risen. Many borrowers use their repricing date as an opportunity to refinance with another bank at a more competitive rate.
Yes — refinancing your BDO loan through Nook allows you to compare offers from multiple banks and switch to the lender with the most competitive rate for your situation. The process is free for borrowers, and Nook handles the paperwork coordination on your behalf. It's especially effective if your current rate is 7.5% or higher.
On a 3,000,000 peso loan with 15 years remaining, dropping from 8.00% to 6.00% reduces your monthly payment from approximately 25,093 to 21,321 pesos — a saving of around 3,772 pesos per month. Over the full remaining term, that adds up to roughly 679,000 pesos in total interest savings. Use Nook's free calculator to model your specific loan amount and remaining term.
BDO accepts a wide range of borrower profiles including private employees, government workers, OFWs, seafarers, BPO professionals, and the self-employed, with a minimum monthly income of 50,000 pesos and a maximum debt-to-income ratio of 40%. Your existing loan must typically have a clean payment history and sufficient remaining balance. Nook can assess your eligibility for free and match you with the best available bank for your profile.
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