⚖️ Bank Comparison

BDO vs BPI

By the Nook Editorial Team · Reviewed to Nook's editorial standards

Compare BDO's 6.00% fixed rate with BPI's 6.70% starting rate to find the best refinance deal for your home loan. Both premier banks offer competitive terms through Nook's free broker service.

Our Verdict

BDO Offers Lower Starting Rate, BPI Provides More Term Options

BDO Unibank edges ahead with a 6.00% fixed rate compared to BPI's 6.70% starting rate, potentially saving you thousands annually. However, BPI Family Savings Bank offers more flexibility with both 1-year and 5-year fixed rate options, plus a lower minimum income requirement of 40,000 versus BDO's 50,000. Both are excellent Nook partner banks with strong approval rates.

Interest Rates Comparison

BDO Unibank

  • 1-Year Fixed: 6.00%
  • Home Equity: 6.00%

BPI Family Savings Bank

  • 1-Year Fixed: 6.70%
  • 5-Year Fixed: 6.50%
  • Home Equity: 6.70%

With a 3,000,000 loan, BDO's lower rate could save you approximately 21,000 annually compared to BPI's 1-year fixed rate.

Eligibility Requirements

BDO Requirements

  • Minimum Monthly Income: 50,000
  • Maximum DTI: 40%
  • Typical Approval Time: 30 days

BPI Requirements

  • Minimum Monthly Income: 40,000
  • Maximum DTI: 40%
  • Typical Approval Time: 52 days

BPI has a lower income threshold, making it accessible to more borrowers, while BDO offers faster processing at 30 days versus BPI's 52 days.

Loan Purpose Flexibility

BDO Loan Purposes

  • Home Equity
  • Foreclosed Properties
  • New Construction
  • Pre-Selling
  • Ready For Occupancy (RFO)
  • Renovation
  • Reselling

BPI Loan Purposes

  • Foreclosed Properties
  • Home Equity
  • New Construction
  • Pre-Selling
  • Ready For Occupancy (RFO)
  • Refinancing
  • Renovation
  • Reselling

BPI explicitly lists refinancing as a loan purpose, while BDO covers refinancing under their home equity products.

Employment Type Acceptance

Both banks accept the same employment types:

This broad acceptance makes both banks accessible to most Filipino borrowers regardless of employment sector.

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 bank offers better BDO vs BPI refinance rates?

BDO currently offers a lower starting rate at 6.00% compared to BPI's 6.70% 1-year fixed rate. However, BPI's 5-year fixed rate of 6.50% provides rate stability. Both rates are significantly lower than the 7-10% most homeowners currently pay.

What are the income requirements for BDO vs BPI refinancing?

BPI has a lower minimum income requirement of 40,000 monthly compared to BDO's 50,000 requirement. Both banks maintain a maximum debt-to-income ratio of 40%, making qualification criteria similar once you meet the income threshold.

How long does approval take for BDO vs BPI refinance applications?

BDO typically processes applications in 30 days, while BPI takes approximately 52 days. Both timelines are competitive in the Philippine banking sector, with BDO offering faster turnaround for urgent refinancing needs.

Can I refinance my existing home loan with both BDO and BPI?

Yes, both banks accept refinancing applications through Nook's platform. BPI explicitly lists refinancing as a loan purpose, while BDO handles refinancing through their home equity loan products. Both approaches achieve the same goal of lowering your interest rate.

What's the advantage of using Nook to compare BDO vs BPI rates?

Nook provides free broker services to help you compare both banks' offers side-by-side. We handle the application process, negotiate terms, and ensure you get the best available rates from either BDO or BPI without any fees to you as the borrower.

Related Refinancing Guides