BDO vs BPI Home Loan Interest Rates 2026: At a Glance
Both BDO and BPI are Nook partner banks, meaning you can apply to either — or both — through Nook's free broker service and let the banks compete for your business. Here's how their published rates compare as of 2026.
| Fixed Period | BDO Rate | BPI Rate | Difference |
|---|---|---|---|
| 1-Year Fixed | 6.00% p.a. | 6.70% p.a. | BDO saves 0.70% |
| 5-Year Fixed | Not published | 6.50% p.a. | BPI only option |
| Home Equity | 6.00% p.a. | 6.70% p.a. | BDO saves 0.70% |
Interest rates are subject to change. Always verify current rates directly with BDO, BPI, or through your Nook advisor before making a borrowing decision.
Monthly Repayment Comparison: ₱3,000,000 Loan Over 20 Years
To make this concrete, here's what a ₱3,000,000 home loan looks like on a 20-year term at each bank's 1-year fixed rate. Note that after the fixed period ends, your rate will be repriced — these figures reflect the initial fixed period only.
| Loan Amount | Term | BDO (6.00%) | BPI (6.70%) | Monthly Difference |
|---|---|---|---|---|
| ₱3,000,000 | 20 years | ₱21,491/mo | ₱22,590/mo | ₱1,099/mo |
| ₱5,000,000 | 20 years | ₱35,819/mo | ₱37,650/mo | ₱1,831/mo |
| ₱8,000,000 | 20 years | ₱57,310/mo | ₱60,240/mo | ₱2,930/mo |
On a ₱3,000,000 loan, BDO's lower 1-year fixed rate saves approximately ₱1,099 per month compared to BPI's 1-year fixed — that's ₱13,188 over the first year alone. For a ₱5,000,000 loan, that gap widens to over ₱21,900 in annual savings during the initial fixed period.
For a broader look at how these two banks stack up across different loan scenarios, see our BDO vs BPI housing loan interest rates comparison.
Total Interest Cost Over 10, 15, and 20 Years
The real cost of a home loan isn't just the monthly payment — it's the total interest you pay over the life of the loan. The table below assumes a constant rate (no repricing) to give a fair apples-to-apples comparison. In reality, both banks will reprice after their fixed period ends.
₱3,000,000 Loan — Total Interest Paid
| Loan Term | BDO at 6.00% | BPI at 6.70% | BDO Total Savings |
|---|---|---|---|
| 10 years | ₱998,400 | ₱1,122,600 | ₱124,200 |
| 15 years | ₱1,570,200 | ₱1,766,400 | ₱196,200 |
| 20 years | ₱2,157,840 | ₱2,421,600 | ₱263,760 |
₱5,000,000 Loan — Total Interest Paid
| Loan Term | BDO at 6.00% | BPI at 6.70% | BDO Total Savings |
|---|---|---|---|
| 10 years | ₱1,664,000 | ₱1,871,000 | ₱207,000 |
| 15 years | ₱2,617,000 | ₱2,944,000 | ₱327,000 |
| 20 years | ₱3,596,600 | ₱4,036,000 | ₱439,400 |
Over a full 20-year term, BDO's lower rate could save a borrower over ₱439,000 on a ₱5,000,000 loan — assuming rates stay constant. That's a significant amount that could fund a child's education, home renovation, or retirement savings.
BPI's 5-Year Fixed: Is the Stability Worth the Extra Cost?
BPI's 5-year fixed rate of 6.50% is a unique offering that BDO doesn't currently match. Compared to BPI's own 1-year fixed of 6.70%, the 5-year lock-in actually saves 0.20% per year — and compared to BDO's 1-year fixed of 6.00%, it costs only 0.50% more per year.
For a ₱3,000,000 loan over 20 years, BPI's 5-year fixed rate at 6.50% produces a monthly repayment of approximately ₱22,383 — which sits between BDO's 6.00% payment (₱21,491) and BPI's own 1-year fixed payment (₱22,590).
The case for BPI's 5-year fixed is compelling if:
- You expect Philippine interest rates to rise over the next 1–3 years
- You value budget certainty and don't want to worry about repricing risk
- You have a tight household budget where even a ₱2,000–₱3,000 monthly increase would be disruptive
- You're planning to stay in the property for at least 5 years
The case for BDO's 1-year fixed is stronger if:
- You want the lowest possible rate right now
- You believe you'll refinance again within 1–2 years as rates evolve
- You're financially flexible and can absorb potential repricing adjustments
Eligibility & Application Requirements: BDO vs BPI
| Requirement | BDO | BPI |
|---|---|---|
| Minimum Monthly Income | ₱50,000 | ₱40,000 |
| Maximum Debt-to-Income Ratio | 40% | 40% |
| Typical Approval Timeline | ~30 days | ~52 days |
| Accepted Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Loan Purposes Covered | Refinancing, Home Equity, Renovation, New Construction, Pre-Selling, RFO, Reselling, Foreclosed | Refinancing, Home Equity, Renovation, New Construction, Pre-Selling, RFO, Reselling, Foreclosed |
BPI has a lower minimum income requirement (₱40,000 vs BDO's ₱50,000), making it accessible to a broader range of borrowers — including younger professionals and those in earlier career stages. BDO, however, processes applications significantly faster at approximately 30 days versus BPI's 52 days. If you're in a time-sensitive refinance or purchase, BDO's speed advantage could matter considerably.
Both banks accept OFWs and self-employed borrowers, which is important for the wide range of Filipino earners who don't fit the traditional salaried employment profile.
Refinancing from BDO to BPI (or Vice Versa): What to Consider
If you currently have a home loan with one of these banks and are considering switching to the other through refinancing, the rate differential and approval timeline both matter. Refinancing from a higher-rate loan to BDO's 6.00% p.a. — especially if you're currently paying 7.5% to 9% — can generate meaningful monthly savings that quickly recover any processing costs.
For example, a borrower with a ₱4,000,000 outstanding balance at 8.50% p.a. paying ₱34,917 per month (15-year remaining term) who refinances to BDO at 6.00% would see their payment drop to approximately ₱33,762 — saving ₱1,155 per month, or ₱13,860 per year. Over five years before the next repricing cycle, that's nearly ₱70,000 in savings.
Nook's free service helps you compare both banks' actual offers side-by-side before committing. You can also review our dedicated BDO vs BPI home loan refinance rates comparison for more detail on switching scenarios.
Want to add a third bank to your comparison? Check out our BDO vs BPI vs Metrobank refinance rates comparison for 2026.
How to Apply Through Nook (Free for Borrowers)
Nook is the Philippines' first digital mortgage broker — and its service is completely free to borrowers. Here's how applying through Nook works for a BDO or BPI home loan:
- Submit one application — Nook sends your profile to multiple partner banks simultaneously, including BDO and BPI.
- Receive competing offers — Banks return their actual offers, not just advertised rates. You may receive better-than-published pricing.
- Compare and choose — Your Nook advisor walks you through each offer so you understand total cost, not just monthly payments.
- Nook manages your documents — No need to separately chase each bank for status updates. Nook handles communication on your behalf.
- You close at the bank of your choice — Nook earns a referral fee from the bank. You pay nothing.
This means you can apply to BDO and BPI at the same time — and if one comes back with a better rate or faster timeline, you take that offer. There's no cost to you for exploring both.
Not sure which bank suits you?
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Compare My Options →Frequently Asked Questions
What is BDO's home loan interest rate in 2026?
BDO's published home loan interest rate for 2026 is 6.00% p.a. for its 1-year fixed period and 6.00% p.a. for home equity loans. This is among the most competitive rates available from a major Philippine bank. Note that rates are subject to change — always confirm the current rate with BDO directly or through a Nook advisor before applying.
What is BPI's home loan interest rate in 2026?
BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for home loans in 2026. BPI also applies a 6.70% rate for home equity loans. Rates are subject to change, so verify the current rates with BPI or through Nook before proceeding.
Is BDO or BPI cheaper for a home loan over 20 years?
Based on current published rates, BDO is cheaper in terms of headline interest rate — 6.00% vs BPI's 6.70% on a 1-year fixed basis. On a ₱5,000,000 loan over 20 years at constant rates, BDO could save a borrower approximately ₱439,000 in total interest compared to BPI's 1-year fixed rate. However, BPI's 5-year fixed rate of 6.50% narrows the gap significantly for borrowers who want longer-term rate certainty.
Does BDO offer a 5-year fixed home loan rate?
BDO does not currently publish a 5-year fixed home loan rate through Nook. Its standard offering is a 1-year fixed rate of 6.00% p.a. BPI, on the other hand, offers a 5-year fixed rate of 6.50% p.a., which may appeal to borrowers who want longer rate stability without annual repricing risk.
Which bank has a faster home loan approval — BDO or BPI?
BDO has a significantly faster typical approval timeline of approximately 30 days, compared to BPI's approximately 52 days. If you need to close quickly — for example, on a resale property with a deadline — BDO's processing speed is a meaningful advantage. That said, timelines can vary depending on the completeness of your documents and the complexity of your application.
What is the minimum income to qualify for a BDO or BPI home loan?
BDO requires a minimum monthly income of ₱50,000, while BPI's minimum is ₱40,000 per month. This means BPI is accessible to a slightly broader income range. Both banks apply a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly debt obligations — including the new home loan payment — should not exceed 40% of your gross monthly income.
Can I apply to both BDO and BPI at the same time?
Yes — and this is actually the smartest approach. By applying through Nook, you can submit one application that goes to both BDO and BPI (and other partner banks) simultaneously. You then receive actual offers from each bank and choose the best one. Nook's service is 100% free for borrowers, so there's no cost to getting competing offers before committing to a lender.
What happens to my BDO or BPI home loan rate after the fixed period ends?
After the fixed period ends (1 year for BDO's standard product, or 1 or 5 years for BPI's products), your interest rate will be repriced based on the bank's prevailing rates at that time. This is called the repricing date. The new rate could be higher or lower than your original fixed rate depending on market conditions. Many borrowers choose to refinance again at repricing — either with the same bank or by switching to another lender offering better rates at that point.
Is it worth refinancing from BPI to BDO just for a 0.70% rate difference?
For most borrowers with a remaining loan balance above ₱2,000,000, a 0.70% rate reduction generates enough monthly savings to recover refinancing costs within 12–24 months — making the switch financially worthwhile. On a ₱3,000,000 balance, the difference between 6.70% and 6.00% is approximately ₱1,099 per month, or over ₱13,000 per year. Over a 5-year fixed period before the next repricing, that's potentially ₱65,000 in savings. Use Nook's free service to get an exact calculation for your specific balance and remaining term.