Interest Rates Comparison
BDO Unibank Rates
- 1-Year Fixed Rate: 6.00%
- Home Equity Rate: 6.00%
BPI Family Savings Bank Rates
- 1-Year Fixed Rate: 6.70%
- 5-Year Fixed Rate: 6.50%
- Home Equity Rate: 6.70%
Rate Analysis: BDO offers the most competitive 1-year fixed rate at 6.00%, providing significant savings compared to BPI's 6.70% 1-year rate. However, BPI's 5-year fixed option at 6.50% provides rate certainty for longer periods.
Loan Requirements
| Requirement | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Minimum Monthly Income | 50,000 | 40,000 |
| Maximum DTI Ratio | 40% | 40% |
| Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Typical Approval Time | 30 days | 52 days |
BPI offers more accessible income requirements at ₱40,000 monthly minimum versus BDO's ₱50,000. Both banks accept similar employment types and maintain identical 40% DTI limits.
Loan Calculator: Monthly Payment Comparison
Example: ₱3,000,000 Loan for 20 Years
BDO (6.00% rate)
Monthly Payment: 21,492
Total Interest: 2,158,080
BPI 1-Year Fixed (6.70% rate)
Monthly Payment: 22,589
Total Interest: 2,421,360
BPI 5-Year Fixed (6.50% rate)
Monthly Payment: 22,289
Total Interest: 2,349,360
Savings with BDO: Save ₱1,097 monthly and ₱263,280 total interest versus BPI's 1-year rate. Even compared to BPI's better 5-year rate, BDO saves ₱797 monthly and ₱191,280 over the loan term.
Loan Purpose Options
BDO Accepted Purposes
- Home Equity
- Foreclosed Properties
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Renovation
- Reselling
BPI Accepted Purposes
- Foreclosed Properties
- Home Equity
- New Construction
- Pre-Selling
- Ready For Occupancy (RFO)
- Refinancing
- Renovation
- Reselling
Both banks offer comprehensive loan purpose options. BPI explicitly includes refinancing, making it suitable for those looking to refinance existing home loans for better rates.
Processing Speed & Service
BDO Advantages: Significantly faster processing at 30 days typical approval versus BPI's 52 days. This speed advantage makes BDO ideal for time-sensitive property purchases or refinancing needs.
BPI Advantages: Lower income requirement threshold and more flexible rate terms with 5-year fixed options. BPI's longer processing time may be acceptable for borrowers prioritizing rate flexibility over speed.
Nook Partnership Benefits: Both BDO and BPI are Nook partner banks, meaning you can access their competitive rates through our free broker service. We help you navigate the application process and secure the best available terms without any fees to you.
Which Bank Should You Choose?
Choose BDO if you:
- Want the lowest available rate at 6.00%
- Need faster loan approval (30 days)
- Meet the ₱50,000 monthly income requirement
- Prefer straightforward fixed-rate terms
Choose BPI if you:
- Have monthly income closer to ₱40,000 minimum
- Want rate certainty with 5-year fixed terms
- Specifically need refinancing services
- Can accommodate longer processing times
For a comprehensive comparison including other major banks, see our detailed analysis of BPI vs BDO vs Metrobank housing loan requirements.
Not sure which bank suits you?
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Compare My Options →Frequently Asked Questions
Which has better rates: BDO or BPI housing loan?
BDO offers better rates with 6.00% for 1-year fixed and home equity loans, compared to BPI's 6.70% 1-year rate. However, BPI's 5-year fixed rate at 6.50% provides a middle ground with rate certainty.
What's the minimum income requirement for BDO vs BPI?
BPI has a lower minimum monthly income requirement at ₱40,000 compared to BDO's ₱50,000. Both banks accept the same employment types including private, government, BPO, OFW, self-employed, and professionals.
How long does loan approval take for BDO vs BPI?
BDO processes loans much faster with typical approval in 30 days, while BPI takes around 52 days. If you need quick approval for property purchase or refinancing, BDO has a significant advantage.
Can I refinance my existing loan with BDO or BPI?
Yes, both banks offer refinancing options. BPI explicitly lists refinancing as an accepted loan purpose, while BDO focuses on home equity loans which can serve similar refinancing needs. Both are Nook partner banks offering competitive refinancing rates.
What's the maximum debt-to-income ratio for BDO and BPI?
Both BDO and BPI maintain identical maximum DTI ratios of 40%. This means your total monthly debt payments cannot exceed 40% of your gross monthly income for loan approval.
How much can I save by choosing BDO over BPI?
For a ₱3,000,000 loan over 20 years, choosing BDO's 6.00% rate saves ₱1,097 monthly and ₱263,280 in total interest compared to BPI's 6.70% 1-year rate. Even versus BPI's better 5-year rate, you save ₱797 monthly.