BDO vs BPI Home Loan Rates (2026)
Interest rates are the single biggest factor in your total home loan cost. Here's how BDO and BPI stack up on their current fixed-rate offerings available through Nook:
| Rate Type | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed | 6.00% p.a. | 6.70% p.a. |
| 5-Year Fixed | Not available | 6.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. |
Bottom line on rates: BDO has the lower starting rate at 6.00% p.a. on a 1-year fixed term. BPI counters with a 5-year fixed option at 6.50% — a competitive choice for borrowers who want medium-term rate certainty without going fully variable. Note that all rates are subject to change; verify current rates with Nook or the bank directly before making a decision.
To understand how these rates compare across a broader set of scenarios, see our BDO vs BPI vs Metrobank refinance rates comparison for 2026.
Monthly Payment Comparison: What the Rate Difference Actually Costs You
Rate percentages are abstract — let's translate them into real monthly payments. The table below uses a 20-year loan term for consistency.
| Loan Amount | BDO at 6.00% | BPI at 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| 2,000,000 | 14,321/mo | 15,073/mo | 752/mo |
| 4,000,000 | 28,642/mo | 30,146/mo | 1,504/mo |
| 6,000,000 | 42,963/mo | 45,219/mo | 2,256/mo |
| 8,000,000 | 57,284/mo | 60,292/mo | 3,008/mo |
On a 6,000,000 loan over 20 years, choosing BDO's 6.00% rate over BPI's 6.70% saves approximately 2,256 per month — or roughly 540,000 over the full loan term. That's a significant difference driven by just 0.70 percentage points.
Keep in mind these figures reflect the initial fixed-rate period only. After the fixed period expires, both banks reprice to prevailing rates, which is exactly why many Filipinos refinance periodically to keep their rate competitive.
Eligibility & Qualification Requirements
Getting a great rate only matters if you actually qualify. Here's how BDO and BPI compare on borrower eligibility:
| Requirement | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Minimum Monthly Income | 50,000 | 40,000 |
| Maximum Debt-to-Income (DTI) | 40% | 40% |
| Private Employed | ✓ | ✓ |
| Government Employed | ✓ | ✓ |
| BPO / Call Center | ✓ | ✓ |
| OFW / Seafarer | ✓ | ✓ |
| Self-Employed | ✓ | ✓ |
| Professional (Doctors, Lawyers, etc.) | ✓ | ✓ |
Key difference: BPI's minimum monthly income threshold of 40,000 is lower than BDO's 50,000, making BPI the more accessible option for borrowers with moderate income. Both banks accept the same employment types, including OFWs and self-employed applicants — which is a plus for either lender. Both banks also apply a maximum DTI of 40%, meaning your total monthly debt obligations (including the new home loan payment) should not exceed 40% of your gross monthly income.
Loan Purposes: What Can You Use the Loan For?
Both banks are flexible in what they'll fund, but there are minor differences worth noting:
| Loan Purpose | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Refinancing | ✓ | ✓ |
| Home Equity / Cash Out | ✓ | ✓ |
| Ready For Occupancy (RFO) | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ |
| New Construction | ✓ | ✓ |
| Renovation | ✓ | ✓ |
| Foreclosed Property | ✓ | ✓ |
| Reselling | ✓ | ✓ |
Both banks cover the full spectrum of home loan purposes — from buying a brand-new condo pre-selling to refinancing an existing loan for a lower rate. If you're specifically looking to refinance, both are strong contenders, and you can read a deeper breakdown in our BDO vs BPI home loan refinance rates comparison.
Processing Time & Approval Speed
Speed matters — especially if you're refinancing to lock in a rate before it rises, or buying a property with a deadline.
| Factor | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Typical Approval Time | ~30 days | ~52 days |
BDO's typical approval turnaround of approximately 30 days is significantly faster than BPI's 52 days. If you're working against a deadline — a transfer of title, a refinancing window, or a seller's timeline — BDO's processing speed is a genuine advantage. BPI's longer timeline is typical for larger banks with more thorough verification processes, but it's something to factor into your planning.
Applying Through Nook: Free, Fast, and Covers Both Banks
Nook is the Philippines' first digital mortgage broker, and its service is completely free to borrowers. Here's why applying through Nook makes sense when choosing between BDO and BPI:
- Apply to both banks at once. Nook can submit your application to BDO and BPI simultaneously, so you don't have to choose upfront — you compare real offers.
- Expert guidance. Nook's mortgage specialists help you understand which bank's criteria you're most likely to qualify for, reducing the risk of rejection.
- No broker fees. Banks pay Nook a referral fee. You pay nothing extra.
- Best available rate. Through Nook, you can access rates as low as 5.99% p.a. — lower than either bank's standard posted rate — depending on your loan profile.
Whether you're buying your first home, upgrading to a bigger property, or refinancing an existing loan to cut your monthly payments, starting with Nook means you never leave potential savings on the table.
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Compare My Options →Frequently Asked Questions
Which has a lower interest rate, BDO or BPI?
BDO currently offers a lower 1-year fixed rate at 6.00% p.a. compared to BPI's 6.70% p.a. However, BPI offers a 5-year fixed option at 6.50% p.a., which BDO does not. If you want rate certainty over five years, BPI's 5-year fixed may actually be the better choice. All rates are subject to change — verify current rates through Nook before applying.
Which bank is easier to qualify for — BDO or BPI?
BPI has a lower minimum monthly income requirement of 40,000 compared to BDO's 50,000, making BPI slightly more accessible for borrowers with moderate income. Both banks accept the same employment types including OFWs, self-employed professionals, and government employees, and both cap debt-to-income ratio at 40%.
How long does approval take at BDO vs BPI?
BDO typically processes home loan applications in approximately 30 days, while BPI's typical approval timeline is around 52 days. If you're working against a deadline, BDO's faster turnaround is a meaningful advantage.
Can I apply to both BDO and BPI at the same time?
Yes — and this is actually the smartest approach. Through Nook, you can submit your application to multiple banks simultaneously at no cost. This way you receive real offers from both and choose the better deal rather than guessing in advance.
Does BDO or BPI offer home equity loans?
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 lets you borrow against the value of your existing property — useful for renovations, business capital, or major expenses.
Is it free to apply for a home loan through Nook?
Yes, completely free. Nook is a mortgage broker that earns a referral fee from the bank — not from you. You get access to Nook's specialists, multi-bank comparison, and application support at zero cost to you as the borrower.
What is the lowest home loan rate I can get in the Philippines right now?
Through Nook, the best available refinance rate is currently 5.99% p.a. This is lower than both BDO's and BPI's standard posted rates. Eligibility depends on your loan amount, income, and property type. Contact Nook to find out if you qualify.
Can OFWs apply for a home loan with BDO or BPI?
Yes. Both BDO and BPI accept OFW and seafarer applicants for home loans. Nook can help OFWs navigate the documentation requirements and submit to the right bank based on their income structure and loan purpose.