BDO vs BPI Home Loan Rates at a Glance
Both BDO Unibank and BPI Family Savings Bank are Nook partner banks, meaning you can apply to either — or both — through Nook at zero cost. The table below shows their current advertised rates and key eligibility criteria for 2026.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | 6.70% p.a. |
| 5-Year Fixed Rate | Not published | 6.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. |
| Min. Monthly Income | 50,000 | 40,000 |
| Max Debt-to-Income | 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 |
Interest rates are subject to change. Please verify current rates with the bank or through Nook before applying.
Monthly Payment Comparison: BDO vs BPI
To illustrate the real-world difference between these two banks, here are estimated monthly amortizations for a 3,000,000 peso home loan over 20 years at each bank's 1-year fixed rate. These figures are for the initial fixed period only — your rate will reprice after the fixing period ends.
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| 1,500,000 | 10,747 | 11,315 | 568 |
| 3,000,000 | 21,493 | 22,630 | 1,137 |
| 5,000,000 | 35,822 | 37,717 | 1,895 |
| 7,000,000 | 50,151 | 52,803 | 2,652 |
| 10,000,000 | 71,643 | 75,433 | 3,790 |
On a 3,000,000 peso loan, choosing BDO's 1-year fix over BPI's 1-year fix saves approximately 1,137 pesos every month — that's 13,644 pesos over the first year alone. However, if rate stability over five years matters more to you, BPI's 5-year fix at 6.50% may deliver better peace of mind even if the monthly cost is slightly higher than BDO's 1-year rate.
Monthly payment estimates are approximate and based on a standard amortizing loan at the stated fixed rate for the full 20-year term. Actual payments will vary based on your loan term, disbursement schedule, and repricing. Always confirm final figures with your bank or broker.
Fixing Period Options: Short-Term vs Long-Term Certainty
One of the most important differences between BDO and BPI for 2026 is the range of fixing periods available.
BDO currently publishes a 1-year fixed rate of 6.00%. This is the lowest entry rate of the two banks, and it suits borrowers who are comfortable with annual repricing — particularly those who plan to refinance again in the near future or expect rates to fall. BDO also applies its 6.00% rate to home equity loans, making it attractive for borrowers unlocking property value.
BPI offers both a 1-year fix at 6.70% and a 5-year fix at 6.50%. The 5-year option is notably lower than the 1-year option, which is uncommon and reflects BPI's strategy to reward borrowers who commit longer. For homeowners who want to lock in a rate and not think about repricing until 2031, BPI's 5-year fix is a compelling choice.
If you're unsure which fixing period suits your financial goals, Nook's mortgage specialists can walk you through the trade-offs at no cost to you.
Eligibility: Who Qualifies for BDO vs BPI?
Both banks have broadly similar eligibility requirements, but there is one meaningful difference: BPI accepts applicants with a minimum monthly income of 40,000 pesos, while BDO requires at least 50,000 pesos per month. This makes BPI more accessible to a wider range of Filipino borrowers, including younger professionals or those in lower-income brackets.
Both banks accept the same employment categories: locally employed (private and government), BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. Both also cap debt-to-income ratios at 40%, meaning your total monthly debt obligations — including the new home loan payment — should not exceed 40% of your gross monthly income.
For OFWs applying through BPI or BDO, Nook can assist with documentation requirements, which are slightly different for overseas-based borrowers. For a broader rate comparison that includes Metrobank, see our BDO vs BPI vs Metrobank refinance rates comparison.
Processing Time: BDO vs BPI
If speed matters — for example, if you're racing to lock in a rate before a developer deadline or trying to stop overpaying on your current loan as quickly as possible — BDO has a clear advantage here.
- BDO: Typical approval in approximately 30 days
- BPI: Typical approval in approximately 52 days
BDO's 30-day processing window is nearly half that of BPI's. This doesn't mean BPI approvals always take 52 days — complex cases or missing documents can extend timelines at either bank — but as a benchmark, BDO is the faster lender. If you're refinancing and want to reduce your monthly payments as soon as possible, BDO's processing speed is a genuine advantage.
Applying through Nook can help accelerate the process at both banks because Nook's team pre-screens your documents before submission, reducing back-and-forth with the bank's credit team.
Refinancing with BDO vs BPI: What to Expect
Both BDO and BPI explicitly support home loan refinancing as a loan purpose. If you're currently paying a rate above 7% — which is common for loans taken out between 2018 and 2023 — refinancing to either bank could deliver meaningful monthly savings.
For example, a homeowner with a 5,000,000 peso balance currently paying 8.50% on a 20-year term is paying approximately 43,391 pesos per month. Refinancing to BDO at 6.00% would bring that down to 35,822 pesos — a saving of 7,569 pesos every month, or 90,828 pesos in the first year. At BPI's 1-year fix of 6.70%, the saving would be approximately 5,674 pesos per month.
These savings don't account for refinancing costs such as bank fees, notarial fees, and registration charges, which typically range between 1% and 2% of the loan amount. Even after factoring in these costs, most borrowers recoup them within 12 to 18 months of lower payments. For a deeper dive on refinancing specifically, you may also want to review our BDO vs BPI home loan refinance rates comparison.
Nook's service is 100% free to borrowers — the banks pay Nook a referral fee, not you. This means you can apply to both BDO and BPI through Nook, compare any offers received, and choose the better one without paying anything extra.
Summary: BDO vs BPI Home Loan — Key Differences
- Lower starting rate: BDO at 6.00% (1-year fix) vs BPI at 6.70% (1-year fix)
- Longer fixing option: BPI only — 5-year fix at 6.50%
- Lower income threshold: BPI at 40,000/month vs BDO at 50,000/month
- Faster approval: BDO at ~30 days vs BPI at ~52 days
- Both accept: Refinancing, home equity, OFWs, self-employed, and all major employment types
The best bank for your home loan depends on your specific income, loan amount, desired fixing period, and timeline. Nook can help you apply to both and compare real offers — for free.
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Compare My Options →Frequently Asked Questions
Which bank has a lower home loan rate in 2026 — BDO or BPI?
For the 1-year fixed period, BDO currently offers the lower rate at 6.00% p.a. compared to BPI's 1-year fixed rate of 6.70% p.a. However, BPI offers a 5-year fixed option at 6.50% p.a., which is lower than its own 1-year rate and suits borrowers who want longer rate certainty. Rates are subject to change, so always confirm the latest figures before applying.
Can I apply to both BDO and BPI at the same time?
Yes. Through Nook, you can submit applications to multiple banks simultaneously at no cost. Nook is a free mortgage broker, so you pay nothing extra to compare offers from BDO, BPI, and other partner banks. This is the most efficient way to find the best rate available to you.
What is the minimum income required for a BDO home loan vs a BPI home loan?
BDO requires a minimum monthly income of 50,000 pesos, while BPI's minimum is 40,000 pesos per month. Both banks apply a maximum debt-to-income ratio of 40%, meaning your total monthly debt obligations — including your new home loan — should not exceed 40% of your gross monthly income.
How long does it take to get approved for a home loan at BDO vs BPI?
BDO's typical loan approval timeline is approximately 30 days, while BPI typically takes around 52 days. These are indicative timelines — actual processing time depends on document completeness and individual credit assessment. Applying through Nook can help speed up the process because Nook pre-screens your documents before submission.
Is BDO or BPI better for home loan refinancing?
Both banks explicitly offer refinancing and are Nook partner banks. BDO's lower 1-year rate of 6.00% and faster processing time make it a strong choice for borrowers who want to reduce their monthly payments quickly. BPI's 5-year fixed option at 6.50% is better for those who want a longer period of payment certainty after refinancing. If your current rate is above 7%, switching to either bank through Nook could save you thousands of pesos every month.
Does BPI or BDO offer home equity loans?
Yes, both banks offer home equity loans. BDO's home equity rate is 6.00% p.a. and BPI's is 6.70% p.a. A home equity loan allows you to borrow against the value of your existing property for purposes such as renovation, education, or business capital. You can apply for a home equity loan through Nook for free.
Are OFWs eligible for BDO or BPI home loans?
Yes. Both BDO and BPI accept OFW and seafarer applicants for home loans and refinancing. Documentation requirements may differ slightly for overseas-based borrowers, including consularized or apostilled income documents. Nook's team can guide OFW applicants through the specific requirements for each bank.
What fees are involved in refinancing from one bank to BDO or BPI?
Refinancing typically involves costs such as bank processing fees, appraisal fees, notarial fees, and transfer or registration charges. These typically total between 1% and 2% of the loan amount. For a 3,000,000 peso loan, that's roughly 30,000 to 60,000 pesos in one-time costs. Most borrowers recover these costs within 12 to 18 months through lower monthly payments. Nook's broker service is free — you are only responsible for the bank's standard fees.