BDO vs BPI

BDO vs BPI Housing Loan Rates at a Glance (2026)

Both BDO and BPI are among the Philippines' most trusted home loan providers — and both are Nook partner banks, so you can compare their actual offers side by side without paying a broker fee. Here's how their headline rates stack up today.

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

Monthly Amortization Comparison

To make this concrete, let's compare estimated monthly payments on a 3,000,000 peso loan over 20 years at each bank's 1-year fixed rate. These figures are for illustration purposes and exclude taxes, insurance, and processing fees.

That's a difference of roughly 1,128 pesos per month in favor of BDO on a 3,000,000 loan — meaningful savings that compound over time. For a larger loan of 5,000,000 pesos under the same terms, BDO's rate advantage widens to approximately 1,880 pesos per month.

That said, these are introductory fixed rates that reprice after one year. If rates rise during that period, BPI's 5-year fixed at 6.50% could ultimately cost less over the fixed window — even though its rate is nominally higher than BDO's 1-year fixed. See our detailed refinance rate comparison between BDO and BPI for a deeper look at how repricing risk affects long-term cost.

Fixed Rate Period Options

One of the most important — and often overlooked — differences between BDO and BPI is the range of fixed-rate periods available.

• BDO currently offers a 1-year fixed rate of 6.00% p.a. After the fixed period ends, the rate reprices based on prevailing market rates. This means your monthly payment could increase after just 12 months.
• BPI offers both a 1-year fixed at 6.70% and a 5-year fixed at 6.50%. The 5-year option locks in your rate for a full 60 months — giving you five years of payment certainty at a rate that's only 50 basis points above BDO's 1-year teaser.

For homeowners who refinanced at high rates (7–9%) and want long-term predictability, BPI's 5-year fixed is worth serious consideration. For those comfortable with annual repricing and want the lowest rate available today, BDO's 6.00% is the stronger opening offer.

Eligibility Requirements

Both banks are accessible to a wide range of Filipino borrowers, including salaried employees, self-employed professionals, and OFWs. Here's a comparison of their core eligibility criteria:

BPI's lower minimum income threshold of 40,000 pesos per month makes it more accessible for first-time refinancers or borrowers with moderate income levels. BDO requires at least 50,000 pesos monthly gross income. If your household income sits between those two figures, BPI may be your only option among these two banks.

Processing Speed

Approval timelines matter — especially if you're refinancing and want to lock in today's rates before they move. BDO has a clear advantage here:

• BDO: Typical approval in approximately 30 days
• BPI: Typical approval in approximately 52 days

That's a 22-day difference in typical processing time. If you're on a tight timeline — for example, your current fixed rate is expiring soon — BDO's faster processing could be a deciding factor. BPI's more thorough underwriting process reflects their careful credit assessment, but borrowers should plan their timeline accordingly.

Loan Purposes Supported

Both banks support a broad range of home loan purposes, including refinancing, home equity, new construction, pre-selling, ready-for-occupancy purchases, renovation, reselling, and foreclosed property acquisition. There is no significant difference in loan purpose coverage between the two banks — both are versatile lenders for almost any property financing need.

Should You Apply to Both?

Because both BDO and BPI are Nook partner banks, you can apply to both simultaneously through Nook at zero cost. Nook's platform lets you compare actual loan offers — not just advertised rates — so you can see real approval amounts, final rates, and terms before committing to anything.

Many borrowers are surprised to find that the bank with the lower advertised rate doesn't always produce the better final offer once income assessment and loan-to-value calculations are factored in. Applying through Nook means you get both offers on the table without duplicating paperwork. For more context on how these two banks compare on refinancing specifically, read our guide on BDO vs BPI housing loan interest rates and terms.