BDO vs BPI Home Loan Rates 2026: 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's free platform without paying a single centavo in broker fees. Below is a direct comparison of their published home loan 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 listed | 6.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. |
| Min. Monthly Income | P50,000 | P40,000 |
| Typical Approval Time | ~30 days | ~52 days |
| Max Debt-to-Income Ratio | 40% | 40% |
| Broker Fee via Nook | Free | Free |
Note: Interest rates are subject to change. Always verify the latest rates directly with the bank or through Nook before making a decision.
Interest Rate Comparison: How Much Could You Actually Save?
The 0.70 percentage point difference between BDO's 6.00% and BPI's 6.70% 1-year fixed rate may seem small, but over a typical home loan term it adds up to a meaningful amount. Here's how the two banks compare on a sample loan of 3,000,000 over 20 years:
| Scenario | BDO (6.00%) | BPI (6.70%) |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Loan Term | 20 years | 20 years |
| Monthly Payment (approx.) | 21,495 | 22,631 |
| Total Interest Paid (approx.) | 2,158,800 | 2,431,440 |
| Estimated Savings vs BPI | ~272,640 | — |
On a larger loan of 6,000,000, the gap roughly doubles — meaning a borrower choosing BDO over BPI at current rates could save over 500,000 in total interest over 20 years. If you're already paying 8% or more with your current bank, refinancing to either BDO or BPI through Nook could save you even more. See our detailed breakdown in BDO vs BPI Home Loan Refinance Rates for refinance-specific numbers.
Monthly payment estimates are illustrative and based on a standard amortizing loan formula. Actual payments may vary based on bank fees, insurance, and other charges.
Eligibility Requirements: Who Qualifies for Each Bank?
Both banks serve a wide range of Filipino borrowers, including salaried employees, self-employed professionals, OFWs, and government workers. Here's how their eligibility requirements compare:
| Eligibility Factor | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Min. Monthly Income | P50,000 | P40,000 |
| Employment: Private/Salaried | ✓ | ✓ |
| Employment: Government | ✓ | ✓ |
| Employment: BPO | ✓ | ✓ |
| Employment: OFW/Seafarer | ✓ | ✓ |
| Employment: Self-Employed | ✓ | ✓ |
| Employment: Professional | ✓ | ✓ |
| Max DTI Ratio | 40% | 40% |
BPI's lower income floor of P40,000 per month makes it the more accessible option for borrowers in the early stages of their careers or those with modest income levels. BDO's P50,000 minimum is still competitive, and its faster approval timeline of approximately 30 days (versus BPI's 52 days) may be decisive for buyers working against a tight property closing deadline.
Loan Purposes Covered: What Can You Use the Loan For?
Both banks support a broad range of loan purposes, making them versatile options whether you're buying a new home, refinancing an existing loan, or tapping your home equity.
| Loan Purpose | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Refinancing | ✓ | ✓ |
| Home Equity / Cash-Out | ✓ | ✓ |
| Ready for Occupancy (RFO) | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ |
| New Construction | ✓ | ✓ |
| Renovation | ✓ | ✓ |
| Reselling | ✓ | ✓ |
| Foreclosed Properties | ✓ | ✓ |
Both banks cover every major loan purpose Filipino homeowners typically need, so the decision between them comes down to rate, income eligibility, and how quickly you need approval — not what you're buying.
Approval Speed: Why It Matters More Than You Think
BDO's typical approval timeline of approximately 30 days is notably faster than BPI's 52 days. This 22-day difference can be significant if:
- Your property purchase has a contractual deadline
- You want to lock in a rate before a potential increase
- You are refinancing and your current loan's lock-in period is expiring soon
For borrowers with more flexibility in their timeline, BPI's slightly longer process may be perfectly acceptable — especially if its lower income threshold makes it the only qualifying option. For a deeper look at how these two banks compare specifically on refinancing, visit our BDO vs BPI Housing Loan Interest Rates comparison.
Refinancing: Can You Switch From BDO to BPI (or Vice Versa)?
Yes — and this is one of the most powerful things Nook makes easy. If you currently have a home loan with BDO and are past your lock-in period, you can refinance to BPI, and vice versa. Nook will handle the paperwork, bank coordination, and rate negotiation on your behalf, completely free of charge.
Most Filipino homeowners are currently paying interest rates between 7% and 10% on their existing home loans. Refinancing to BDO at 6.00% or BPI at 6.70% through Nook could reduce your monthly payment and save you hundreds of thousands over the remaining life of your loan. If you want to see how BDO and BPI stack up against a third major lender, check out our BDO vs BPI vs Metrobank refinance rates comparison.
The best refinance rate currently available through Nook is 5.99% p.a. — submit your details today to find out if you qualify.
How to Apply Through Nook: Free, Fast, and Fully Digital
Nook is the Philippines' first digital mortgage broker. Unlike going directly to a bank, Nook lets you compare multiple lenders in one place and applies on your behalf — with zero broker fees. Here's how it works:
- Submit your details — Tell Nook about your property, loan amount, and financial profile.
- Get matched — Nook identifies the best-fit banks based on your eligibility and goals.
- Compare offers — See real rate quotes from BDO, BPI, and other partner banks side by side.
- Apply and get approved — Nook guides you through the paperwork and follows up with the bank on your behalf.
Whether BDO or BPI is the right fit for you, Nook makes it simple to find out — without spending a single peso on a broker.
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 in 2026 — BDO or BPI?
BDO has the lower 1-year fixed rate at 6.00% p.a., compared to BPI's 6.70% p.a. BPI does offer a 5-year fixed option at 6.50% p.a., which is lower than its own 1-year rate and may appeal to borrowers who prefer longer rate certainty. BDO's rate remains the lowest starting point between the two banks. Note that interest rates are subject to change — verify current rates through Nook or directly with the bank before applying.
What is the minimum income required for a BDO home loan vs a BPI home loan?
BDO requires a minimum monthly income of P50,000, while BPI's minimum is P40,000. If your monthly income falls between P40,000 and P49,999, BPI may be your qualifying option. Both banks accept a wide range of employment types including salaried employees, self-employed professionals, OFWs, BPO workers, and government employees.
How long does BDO vs BPI take to approve a home loan?
BDO typically approves home loans in approximately 30 days, while BPI's typical approval timeline is around 52 days. If you have a tight property closing deadline or want to lock in your rate quickly, BDO's faster turnaround may be the deciding factor. Nook helps streamline the application process for both banks by ensuring your documents are complete and correctly submitted from the start.
Can I refinance from BDO to BPI or from BPI to BDO?
Yes. Once your current loan's lock-in period has expired, you can refinance your home loan from one bank to the other. Nook specializes in helping Filipino homeowners refinance to get lower rates — and the service is completely free to borrowers. Many homeowners currently paying 7% to 10% can significantly reduce their monthly payments by refinancing to BDO (6.00%) or BPI (6.70%) through Nook.
Does Nook charge a fee to help me apply to BDO or BPI?
No. Nook's service is 100% free to borrowers. Nook earns a referral fee from the banks — not from you. You get access to multiple lenders, professional guidance, and streamlined application support at zero cost.
What loan purposes do BDO and BPI home loans cover?
Both BDO and BPI cover a comprehensive range of loan purposes including home purchase (RFO, pre-selling, reselling), new construction, renovation, refinancing, home equity or cash-out loans, and foreclosed property purchases. There is no material difference between the two banks in terms of loan purpose eligibility.
What is the best home loan rate available in the Philippines right now?
The best refinance rate currently available through Nook is 5.99% p.a. This is lower than both BDO's 6.00% and BPI's 6.70% standard published rates. To find out if you qualify for this rate, submit your details through Nook's free digital mortgage platform at nook.com.ph.
How much can I save by refinancing from 8% to BDO's 6.00% rate?
On a loan of 3,000,000 with 15 years remaining, refinancing from 8.00% to 6.00% could reduce your monthly payment by approximately 3,000 to 3,500 pesos and save you over 500,000 in total interest over the life of the loan. Actual savings depend on your remaining balance, loan term, and fees. Use Nook's free refinance calculator or speak to a Nook advisor to get a personalized estimate.