BDO vs BPI Home Loan Rates (2026)
Below is a direct comparison of the published home loan rates for BDO Unibank and BPI Family Savings Bank, both of which are Nook partner banks. These rates are available to qualified borrowers applying through Nook's free digital mortgage broker service. Note that interest rates are subject to change — always verify current rates before submitting your application.
| Rate Type | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed | 6.00% p.a. | 6.70% p.a. |
| 5-Year Fixed | Not published | 6.50% p.a. |
| Home Equity | 6.00% p.a. | 6.70% p.a. |
BDO holds the edge on the 1-year fixed rate at 6.00%, making it one of the lowest rates currently available through Nook. BPI's standout product is its 5-year fixed rate at 6.50%, which is a compelling option for borrowers who want multi-year rate certainty without paying a large premium over BDO's shorter fixed period.
Monthly Repayment Comparison
To make these rates tangible, here's what your estimated monthly repayment would look like on a 20-year loan term at each bank's 1-year fixed rate. These figures are for illustrative purposes only and do not include fees, insurance, or other charges.
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| 2,000,000 | 14,321 | 15,098 | 777 |
| 3,500,000 | 25,062 | 26,422 | 1,360 |
| 5,000,000 | 35,803 | 37,746 | 1,943 |
| 7,500,000 | 53,704 | 56,619 | 2,915 |
On a 5,000,000 loan over 20 years, choosing BDO's 6.00% rate over BPI's 6.70% saves approximately 1,943 per month — or around 23,316 per year. Over the life of the loan, that difference is significant. However, if BPI's 5-year fixed rate of 6.50% is what you're comparing against, the monthly gap narrows considerably and the added stability may be worth the slight premium.
Eligibility and Application Requirements
Understanding which bank you actually qualify for is just as important as comparing rates. Here's how BDO and BPI stack up on the key eligibility criteria.
| Criteria | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Minimum Monthly Income | 50,000 | 40,000 |
| Maximum DTI 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 |
BPI's minimum monthly income requirement of 40,000 is meaningfully lower than BDO's 50,000, which opens up BPI's home loan products to a wider range of Filipino borrowers — including those in the lower-middle income bracket. Both banks accept the same range of employment types, which is good news for OFWs, self-employed professionals, and BPO workers.
BDO has a clear advantage in processing speed, with a typical approval time of 30 days versus BPI's 52 days. If you're working with a tight timeline — for example, on a resale property with a fixed handover date — BDO's faster turnaround could be a deciding factor.
Loan Purposes Covered
Both banks cover the full range of home loan purposes, with minor differences worth noting.
| Loan Purpose | BDO | BPI |
|---|---|---|
| Refinancing | ✓ | ✓ |
| Home Equity / Cash Out | ✓ | ✓ |
| Ready For Occupancy (RFO) | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ |
| New Construction | ✓ | ✓ |
| Renovation | ✓ | ✓ |
| Reselling | ✓ | ✓ |
| Foreclosed Properties | ✓ | ✓ |
Both BDO and BPI cover all major loan purposes including refinancing, home equity, pre-selling, RFO, new construction, renovation, and foreclosed properties. There is no meaningful difference between the two on loan purpose coverage — borrowers on either side of this comparison have full flexibility on how they use their loan.
Refinancing: Which Bank is Better for Switching?
If you currently have a home loan with another bank and are looking to refinance to a lower rate, both BDO and BPI are strong options through Nook. The best refinance rate currently available through Nook is 5.99% p.a., which may be available to qualified borrowers depending on profile and property. Most Filipino homeowners are currently paying between 7% and 10% on their existing loans — refinancing could unlock significant monthly savings.
For a deeper look at how these two banks compare specifically for refinancing, see our detailed guide on BDO vs BPI home loan refinance rates. If you're also considering Metrobank as part of your comparison, our three-bank comparison of BDO, BPI, and Metrobank refinance rates is a useful resource.
BDO's 6.00% 1-year fixed refinance rate is currently lower, but BPI's 5-year fixed at 6.50% may be the smarter long-term choice if you want to lock in and avoid repricing risk for the next five years. Nook's mortgage brokers can model both scenarios for your specific loan amount and remaining term — completely free of charge.
Summary: BDO vs BPI at a Glance
| Factor | Winner | Why |
|---|---|---|
| Lowest Rate (1-Year Fixed) | BDO | 6.00% vs BPI's 6.70% |
| Rate Stability (5-Year Fixed) | BPI | 6.50% fixed for 5 years |
| Income Accessibility | BPI | 40,000 min vs BDO's 50,000 |
| Approval Speed | BDO | 30 days vs BPI's 52 days |
| Loan Purpose Flexibility | Tie | Both cover all major purposes |
| Employment Type Coverage | Tie | Both accept the same types |
Ultimately, BDO is the better choice if you qualify (monthly income above 50,000) and want the lowest starting rate with fast approval. BPI is the better choice if your income is between 40,000 and 50,000, or if you value the security of a 5-year fixed rate. The good news: through Nook, you don't have to choose blindly — our team will assess your profile and recommend the right bank for your situation at zero cost to you.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
Which has a lower interest rate, BDO or BPI?
For a 1-year fixed rate, BDO is lower at 6.00% p.a. compared to BPI's 6.70% p.a. However, BPI offers a 5-year fixed rate of 6.50% p.a., which BDO does not currently publish — making BPI a competitive choice for borrowers who want multi-year rate certainty. Rates are subject to change, so always verify the latest figures before applying.
What is the minimum income required for a BDO home loan vs BPI?
BDO requires a minimum monthly income of 50,000, while BPI's minimum is lower at 40,000. If your household income falls between these two thresholds, BPI may be the only option available to you among the two banks.
How long does it take to get approved for a home loan at BDO vs BPI?
BDO typically approves home loan applications in around 30 days, while BPI takes approximately 52 days. If you're working with a time-sensitive property purchase or refinance, BDO's faster processing time is a meaningful advantage.
Can I refinance my existing home loan to either BDO or BPI?
Yes, both BDO and BPI offer refinancing as a supported loan purpose. Through Nook's free mortgage broker service, you can apply to either bank and get help preparing your documents and matching your profile to the best available rate. The best refinance rate currently available through Nook is 5.99% p.a.
Which bank is better for OFWs — BDO or BPI?
Both BDO and BPI accept OFW/Seafarer applicants for home loans. The better choice will depend on your income level and the loan amount you need. If your monthly remittance income is above 50,000, both are viable. If it's between 40,000 and 50,000, BPI is likely your best option between the two.
Does Nook charge a fee to apply for a BDO or BPI home loan?
No. Nook's mortgage broker service is 100% free to borrowers. Nook is compensated by the bank, not the applicant. You get access to competitive rates from both BDO and BPI — plus expert guidance — at zero cost to you.
How much can I save by refinancing from a higher rate to BDO or BPI through Nook?
If you're currently paying 8% on a 5,000,000 loan with 20 years remaining, your monthly repayment is approximately 41,822. Refinancing to BDO's 6.00% rate would bring that down to around 35,803 — a monthly saving of roughly 6,019, or over 72,000 per year. Savings will vary depending on your loan balance, remaining term, and the rate you're offered.
Can self-employed borrowers apply for a home loan at BDO and BPI?
Yes, both BDO and BPI accept self-employed applicants. You will typically need to submit ITRs, audited financial statements, and business registration documents. Nook's brokers can help you prepare a strong application package for either bank.