BDO vs BPI Housing Loan: 2026 Rate Comparison
Both BDO Unibank and BPI Family Savings Bank are among the Philippines' most trusted home loan providers — and both are Nook partner banks, so you can apply to either one at zero cost through our platform. Here's how their rates stack up for new home buyers in 2026.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% | 6.70% |
| 5-Year Fixed Rate | Not published | 6.50% |
| Home Equity Rate | 6.00% | 6.70% |
| Min. Monthly Income | 50,000 | 40,000 |
| Typical Approval Time | ~30 days | ~52 days |
| Max Debt-to-Income Ratio | 40% | 40% |
Interest rates are subject to change. Please verify current rates with Nook or directly with the bank before applying.
Monthly Payment Comparison: How Much Will You Actually Pay?
To make this concrete, let's compare estimated monthly payments for a 3,000,000 peso home loan over a 20-year term at each bank's 1-year fixed rate.
| Scenario | BDO (6.00%) | BPI (6.70%) |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Loan Term | 20 years | 20 years |
| 1-Year Fixed Rate | 6.00% | 6.70% |
| Est. Monthly Payment | 21,491 | 22,693 |
| Difference Per Month | ~1,202 more with BPI | |
| Difference Over 1 Year | ~14,424 more with BPI | |
That's a meaningful saving — but remember, both banks reprice after the fixed period ends. If BPI's repriced rate turns out lower than BDO's, the long-term picture could shift. This is exactly why working with a broker like Nook matters: we track both banks' ongoing rates and can help you refinance when the time is right.
For a deeper dive into how these two banks compare specifically for refinancing, see our guide on BDO vs BPI home loan refinance rates.
Eligibility & Income Requirements
One area where BPI has a clear advantage for new buyers is its lower minimum monthly income requirement.
- BDO requires a minimum gross monthly income of 50,000 pesos.
- BPI requires a minimum gross monthly income of 40,000 pesos — making it more accessible to first-time buyers earlier in their careers.
Both banks accept a wide range of employment types, which is great news for the diversity of Filipino borrowers:
| Employment Type | BDO | BPI |
|---|---|---|
| Private Employed | ✓ | ✓ |
| Government Employed | ✓ | ✓ |
| BPO Workers | ✓ | ✓ |
| OFW / Seafarers | ✓ | ✓ |
| Self-Employed | ✓ | ✓ |
| Professionals | ✓ | ✓ |
Both banks cap your Debt-to-Income (DTI) ratio at 40%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income.
What Property Types Can You Finance?
Both BDO and BPI cover the most common home purchase scenarios for new buyers, but there are minor differences worth noting.
| Loan Purpose | BDO | BPI |
|---|---|---|
| Ready for Occupancy (RFO) | ✓ | ✓ |
| Pre-Selling / Off-Plan | ✓ | ✓ |
| New Construction | ✓ | ✓ |
| Reselling / Secondary Market | ✓ | ✓ |
| Renovation | ✓ | ✓ |
| Home Equity / Refinancing | ✓ | ✓ |
| Foreclosed Properties | ✓ | ✓ |
Both banks are well-suited for new buyers purchasing RFO condos, house-and-lot developments, or even pre-selling units. If you're buying a property from a developer, confirm with Nook which bank has an existing accreditation relationship with that developer — this can sometimes speed up approval significantly.
Approval Timeline: How Long Will You Wait?
Speed matters — especially if you're in a competitive property market or your developer has a reservation deadline.
- BDO typically approves home loans in around 30 days, one of the faster timelines among major Philippine banks.
- BPI typically takes around 52 days — nearly double BDO's timeline. This is important to factor in if you have a tight move-in or reservation deadline.
If timing is critical, BDO's faster processing gives it a practical edge even if you're comfortable with BPI's rates. Nook's team can also help ensure your application is complete from day one, reducing the risk of back-and-forth delays with either bank.
Thinking About Refinancing Later?
Many first-time buyers eventually refinance once their initial fixed period ends — especially if market rates have dropped or their income has grown. Both BDO and BPI are competitive refinancing options, and comparing them for a refinance looks a little different than for a new purchase.
If you're already a homeowner exploring refinance options, our detailed comparison of BDO vs BPI vs Metrobank refinance rates for 2026 may be more relevant to your situation. And if you want a pure side-by-side on refinancing specifically, the BDO vs BPI housing loan interest rates comparison breaks that down in detail.
Why Apply Through Nook?
Nook is the Philippines' first digital mortgage broker — and our service is completely free for borrowers. Here's what you get when you apply through Nook instead of going directly to a bank:
- Access to multiple banks in one application — we can submit your profile to BDO, BPI, and other partner banks simultaneously.
- Expert guidance — our team helps you understand which bank is the better fit based on your income, employment type, and property.
- No broker fees — Nook is compensated by the banks, not by you. You pay nothing extra.
- Faster processing — we know what each bank needs and help you submit a complete, accurate application from day one.
Whether BDO or BPI is the right bank for you depends on your specific financial profile. Let Nook do the comparison work for you.
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Compare My Options →Frequently Asked Questions
Which bank has a lower interest rate — BDO or BPI for a housing loan in 2026?
BDO has the lower 1-year fixed rate at 6.00% per annum, compared to BPI's 6.70%. However, BPI offers a 5-year fixed rate of 6.50%, which gives longer rate stability at a still-competitive price. The best choice depends on whether you prioritize the lowest starting rate or longer certainty. Note that rates are subject to change — always verify with Nook or the bank directly.
What is the minimum income required to apply for a BDO or BPI housing loan?
BDO requires a minimum gross monthly income of 50,000 pesos, while BPI's minimum is 40,000 pesos. If your income is between 40,000 and 50,000 pesos per month, BPI may be your only option between the two banks. Both banks accept private employees, government workers, OFWs, self-employed individuals, and professionals.
How long does BDO take to approve a housing loan compared to BPI?
BDO typically approves housing loans in about 30 days, while BPI's approval process takes around 52 days. If you have a time-sensitive purchase — such as a reservation deadline or move-in date — BDO's faster processing is a significant practical advantage. Applying through Nook can also help speed up the process by ensuring your documents are complete from the start.
Can I apply for both BDO and BPI housing loans at the same time?
Yes — and this is one of the key advantages of applying through Nook. As a mortgage broker, Nook can submit your application profile to multiple partner banks simultaneously, including both BDO and BPI. You can then choose the bank that approves you with the best terms. There is no additional cost to you for this service.
Does BDO or BPI offer financing for pre-selling condos and house-and-lot properties?
Both BDO and BPI offer housing loans for pre-selling properties, ready-for-occupancy units, new construction, resale properties, and renovation. Both banks are well-suited for the most common new buyer scenarios in the Philippines. It's worth confirming with Nook whether your specific developer is accredited with your preferred bank, as this can affect processing time.
What does it mean when a housing loan rate is "1-year fixed"?
A 1-year fixed rate means your interest rate is locked in for the first year of your loan. After that, the bank will reprice your loan based on prevailing market rates and their own internal benchmarks. BDO's 1-year fixed rate is 6.00% and BPI's is 6.70%. If you want a longer period of rate certainty, BPI also offers a 5-year fixed rate of 6.50%, meaning your rate won't change for five years. After the fixed period, you also have the option to refinance to a better rate through Nook.
Is applying through Nook really free? How does Nook make money?
Yes, Nook's service is completely free for borrowers. Nook is compensated by the partner banks — similar to how real estate brokers are paid by sellers, not buyers. You pay exactly the same interest rate and fees you would pay going directly to the bank. Nook simply helps you find the best option, prepares your application, and manages the process at no extra cost to you.