BDO vs BPI

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

Both BDO and BPI are among the Philippines' largest banks and two of Nook's verified partner banks. The table below shows their current home loan interest rates as verified by Nook. Note that interest rates are subject to change — always confirm the latest rates before signing.

Interest rates are subject to change without prior notice. Verify current rates with the bank or through your Nook advisor before proceeding.

Monthly Payment Comparison: How Much Will You Actually Pay?

Let's run the numbers on a 3,000,000 peso home loan over 20 years to show how the rate difference translates into real monthly peso savings.

On a 3,000,000 peso loan over 20 years, choosing BDO's 6.00% rate over BPI's 6.70% saves you approximately 1,176 pesos every month — that's over 14,000 pesos per year, and more than 280,000 pesos over the life of the loan during the fixing period alone. These figures are indicative and based on fixed-rate amortization for the stated period.

If you're already paying 8% or higher with your current bank, refinancing to either BDO or BPI through Nook could cut your monthly payment significantly. Use Nook's free service to find out exactly how much you could save based on your specific loan details.

BDO Home Loan: Key Features and Who It's Best For

BDO Unibank is the Philippines' largest bank by assets and offers one of the most competitive 1-year fixed home loan rates in the market at 6.00% p.a. Here's what sets BDO apart:

• Lowest 1-year fixed rate: At 6.00%, BDO currently offers the lower entry rate between the two banks, making it ideal for borrowers who want to minimize their initial monthly payments.
• Fast approval: BDO's typical approval turnaround is 30 days — significantly faster than BPI's 52-day average — which matters if you're working against a transfer deadline.
• Wide borrower eligibility: BDO accepts private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals.
• Broad loan purposes: Refinancing, home equity, new construction, pre-selling, RFO, renovation, reselling, and foreclosed properties are all covered.
• Minimum income requirement: 50,000 pesos per month — slightly higher than BPI, which may be a factor for some borrowers.

BDO is best for: Borrowers who want the lowest possible starting rate, need fast approval, and have a monthly income of at least 50,000 pesos.

BPI Home Loan: Key Features and Who It's Best For

BPI Family Savings Bank is one of the Philippines' most trusted home loan lenders with a strong reputation for service and a unique advantage: a 5-year fixed rate option that BDO does not publicly publish.

• 5-year fixed rate of 6.50%: BPI's standout feature is the ability to lock in your rate for five years at 6.50% — giving you longer protection against rate increases compared to a 1-year fixing period.
• Lower income requirement: BPI's minimum monthly income threshold of 40,000 pesos makes it accessible to a wider range of borrowers, including those earlier in their careers.
• Same borrower types accepted: Like BDO, BPI accepts private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and professionals.
• Comprehensive loan purposes: Refinancing, home equity, new construction, pre-selling, RFO, renovation, reselling, and foreclosed properties.
• Approval timeline: BPI typically takes around 52 days to approve, so plan accordingly if timing is important to you.

BPI is best for: Borrowers who value rate stability over the medium term, qualify at the 40,000 peso income level, and are comfortable with a longer approval timeline in exchange for a 5-year rate lock.

For a deeper look at how these two banks stack up specifically for refinancing, see our detailed guide on BDO vs BPI home loan refinance rates.

1-Year Fixed vs 5-Year Fixed: Which Fixing Period Is Right for You?

One of the most important decisions in a Philippine home loan isn't just which bank — it's how long you fix your interest rate. Here's a practical breakdown:

If you believe interest rates may rise in the next few years, locking in BPI's 5-year fixed at 6.50% gives you protection. If you're comfortable refinancing again in a year or believe rates will stay flat or fall, BDO's 6.00% 1-year fixed delivers the lower immediate payment. Many savvy borrowers use Nook to refinance every 1-3 years to always capture the best available rate.

Eligibility Requirements: Can You Qualify?

Before you apply, make sure you meet the basic eligibility criteria for each bank. Both banks share similar requirements, with one meaningful difference in minimum income:

If your household income is between 40,000 and 50,000 pesos per month, BPI is likely your only option between these two banks. Above 50,000 pesos, you're eligible for both — and applying through Nook lets you submit to multiple banks simultaneously without any extra cost or effort.

Refinancing with BDO or BPI: What to Expect

If you're refinancing an existing home loan, both BDO and BPI accept refinancing applications. Here's a quick process overview for each:

With BDO: Expect a faster process — typically 30 days from complete submission to approval. BDO is well-suited for borrowers who want to switch banks quickly, especially those currently stuck on high rates of 8% or above. BDO also accepts home equity applications, so if you want to access your property's value while refinancing, this is possible in one application.

With BPI: The process takes around 52 days, so begin your application well before your current loan's anniversary date or repricing date. BPI's 5-year fixed option makes it a strong choice for refinancers who want to set and forget their rate for a longer period without worrying about annual repricing.

When you refinance through Nook, our team handles document preparation, bank submission, and follow-up — completely free of charge to you. We work with both BDO and BPI, so you don't have to choose before you apply. We'll help you compare real offers from both banks based on your actual financial profile.

You may also find it useful to compare all three major banks in our BDO vs BPI vs Metrobank refinance rates comparison.

Fees and Other Costs to Consider

The interest rate is the biggest cost driver, but it's not the only one. When comparing BDO and BPI, factor in these additional costs that apply to both banks:

• Appraisal fee: Both banks require an independent property appraisal. Fees vary by property size and location but typically range from 3,500 to 6,500 pesos.
• Processing / Application fee: Typically ranges from 5,000 to 10,000 pesos depending on the bank and loan amount.
• Documentary stamp tax (DST): A government-mandated tax on the mortgage deed, usually around 1.5% of the loan amount.
• Notarial fees: Required for loan documentation, typically a few thousand pesos.
• Mortgage redemption insurance (MRI): Required by both banks to insure the loan against the borrower's death or disability.
• Fire insurance: Both banks require annual fire insurance on the mortgaged property.

Nook's advisory service is 100% free to borrowers — we are compensated by the banks, not by you. This means you get expert guidance on fees, rates, and terms without paying a single peso in broker fees.