BDO vs BPI Home Loan Rates 2026: Side-by-Side Comparison
Both BDO Unibank and BPI Family Savings Bank are Nook partner banks, meaning you can apply to either — or both — through Nook's free digital mortgage broker service. Below is a detailed comparison of their current home loan and refinancing rates, requirements, and features.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | 6.70% p.a. |
| 5-Year Fixed Rate | Not listed | 6.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. |
| Min. Monthly Income | P50,000 | P40,000 |
| Max. Debt-to-Income Ratio | 40% | 40% |
| Typical Approval Time | ~30 days | ~52 days |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Loan Purposes | Refinancing, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling, Foreclosed | Refinancing, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling, Foreclosed |
Note: Interest rates are subject to change. Always verify current rates with the bank or through Nook before making a decision.
Monthly Payment Comparison: BDO vs BPI
To illustrate the real-world impact of the rate difference, here's how monthly payments compare on a P3,000,000 home loan over 20 years at each bank's 1-year fixed rate. (These figures are indicative and based on the fixed rate period only.)
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| P1,500,000 | ~P10,746 | ~P11,317 | ~P571 |
| P3,000,000 | ~P21,491 | ~P22,634 | ~P1,143 |
| P5,000,000 | ~P35,819 | ~P37,723 | ~P1,904 |
| P8,000,000 | ~P57,310 | ~P60,357 | ~P3,047 |
On a P3,000,000 loan, choosing BDO over BPI at current rates could save you over P1,143 per month — that's more than P13,700 per year during the fixed rate period. Over a 20-year term, the compounding effect of a lower starting rate can be significant.
If you're currently paying above 7% with another bank, both BDO and BPI could offer meaningful savings through refinancing. You can explore more options in our BDO vs BPI vs Metrobank refinance rates comparison to see how these two banks stack up against other major lenders.
BDO Home Loan: Key Strengths
- Lowest 1-year fixed rate: At 6.00% p.a., BDO currently offers one of the most competitive home loan rates available through Nook.
- Fastest approval time: With a typical approval timeline of around 30 days, BDO is significantly faster than BPI's ~52 days — a major advantage if you're working toward a transaction deadline.
- Full suite of loan purposes: BDO supports refinancing, home equity, new construction, pre-selling, RFO, renovation, reselling, and foreclosed properties.
- Flexible employment types: BDO accepts private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals.
- Home equity loan at 6.00%: If you want to unlock the equity in your existing property, BDO's home equity rate matches its purchase rate.
BPI Home Loan: Key Strengths
- Lower income requirement: BPI's minimum monthly income of P40,000 makes it accessible to more borrowers, especially those earlier in their careers or earning from multiple smaller income streams.
- 5-year fixed rate option: BPI offers a 5-year fixed rate at 6.50% p.a., giving borrowers who want longer rate certainty a structured option that BDO does not publicly list.
- Established track record: BPI Family Savings Bank has a long history in the Philippine housing loan market and is widely recognized for structured, transparent processing.
- Same broad eligibility: Like BDO, BPI accepts a full range of employment types including OFWs, self-employed individuals, and government employees.
- Full loan purpose coverage: BPI covers the same range of loan purposes as BDO, from refinancing and home equity to new construction and pre-selling.
Who Should Choose BDO?
BDO is likely the better choice if:
- You earn at least P50,000 per month and qualify based on BDO's income requirements
- You want the lowest possible 1-year fixed rate (6.00% vs BPI's 6.70%)
- You need faster loan approval — BDO's ~30-day timeline is nearly half of BPI's
- You are refinancing an existing loan and want to minimize your monthly payment as quickly as possible
- You are applying for a home equity loan and want the same competitive 6.00% rate
For a deeper look at how these banks compare specifically on refinancing, see our guide on BDO vs BPI home loan refinance rates.
Who Should Choose BPI?
BPI may be the better fit if:
- Your monthly income is between P40,000 and P49,999 — you may not qualify for BDO but can apply to BPI
- You prefer a 5-year fixed rate for greater payment stability (BPI offers 6.50% for 5 years)
- You are comfortable with a longer processing timeline and prioritize a bank you already have a relationship with
- Your loan purpose aligns with BPI's supported categories (which are essentially the same as BDO's)
Can You Apply to Both BDO and BPI at the Same Time?
Yes — and this is one of the most underrated advantages of using Nook. As a free digital mortgage broker, Nook can submit your application to multiple partner banks simultaneously, allowing you to receive offers from BDO, BPI, and other lenders and choose the best one. You are under no obligation to accept any offer. Nook's service is completely free to borrowers — the banks pay the broker fee.
This means there is no downside to comparing both banks through Nook before committing to either.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
What is BDO's current home loan interest rate?
BDO Unibank currently offers a 1-year fixed home loan rate of 6.00% p.a. and a home equity rate of 6.00% p.a. These rates are available through Nook and are subject to change — always confirm the latest rates before applying.
What is BPI's current home loan interest rate?
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% p.a., a 5-year fixed rate of 6.50% p.a., and a home equity rate of 6.70% p.a. Rates are subject to change — verify with BPI or through Nook before applying.
Is BDO or BPI better for home loan refinancing in the Philippines?
For most borrowers who qualify, BDO currently offers the lower refinancing rate at 6.00% p.a. versus BPI's 6.70% p.a. However, BPI has a lower minimum income requirement of P40,000 versus BDO's P50,000, so BPI may be the only option for some applicants. Applying through Nook lets you compare both banks for free.
How long does it take to get approved for a home loan at BDO vs BPI?
BDO's typical loan approval timeline is around 30 days, while BPI typically takes around 52 days. If you are working against a deadline — such as a property transfer or PAG-IBIG fund release — BDO's faster processing may be a significant advantage.
What is the minimum income requirement for BDO and BPI home loans?
BDO requires a minimum monthly income of P50,000, while BPI requires P40,000. Both banks accept a wide range of employment types including private employees, government workers, OFWs, self-employed individuals, and professionals.
Can I apply to BDO and BPI at the same time for a home loan?
Yes. Through Nook, you can submit applications to multiple banks simultaneously at no cost. Nook's free broker service allows you to receive and compare offers from BDO, BPI, and other lenders before choosing the best one for your situation. There is no obligation to accept any offer.
Does BDO or BPI offer home equity loans?
Both banks offer home equity loans. BDO's home equity rate is 6.00% p.a. and BPI's is 6.70% p.a. Home equity loans allow you to borrow against the value of a property you already own, and both banks support this loan purpose through Nook.
Is Nook's mortgage broker service really free?
Yes. Nook charges borrowers nothing for its service. Nook is compensated by the banks — not by you. This means you can compare BDO, BPI, and other partner banks, get pre-qualified, and submit applications completely free of charge at nook.com.ph.