BDO vs BPI

BDO vs BPI Housing Loan: Rate Comparison at a Glance

Both BDO Unibank and BPI Family Savings Bank are Nook partner banks, which means you can apply to either — or both — through Nook at no cost. Here's how their headline rates stack up for 2026:

Interest rates are subject to change. Always verify current rates directly with the bank or through Nook before making a decision.

How Much Can You Save Choosing BDO Over BPI?

Let's put the rate difference in peso terms. On a 3,000,000 loan over 20 years, here's what the monthly payment difference looks like between a 6.00% and 6.70% 1-year fixed rate (based on the repricing period):

Over a 12-month fixed period, a borrower with a 3,000,000 loan would save approximately 14,376 by choosing BDO's lower rate — before rates reprice. That's real money back in your pocket, and Nook makes it easy to lock in the best deal available to you.

If you're also weighing other lenders, check out our three-way comparison of BDO, BPI, and Metrobank refinance rates to see how a third major bank stacks up.

Eligibility Requirements: Who Can Apply?

Both banks accept a wide range of employment types, making them accessible to most Filipino borrowers — including OFWs, self-employed professionals, and government employees.

The standout difference here is income threshold. If your household monthly income is between 40,000 and 49,999, BPI may be your only option between these two. For borrowers above 50,000/month, BDO's lower rate makes it the more attractive starting point.

Loan Purposes: What Can You Use the Loan For?

Both banks cover the most common housing loan purposes, with minor differences worth noting:

For homeowners looking to refinance an existing loan, both banks are strong options. BDO's 6.00% refinance rate is particularly compelling if you're currently paying 7% or higher with another bank — a common scenario for loans taken out 3–5 years ago.

Approval Speed: BDO Is Significantly Faster

If your timeline matters — say, you need to close on a property or lock in a rate before it changes — BDO's typical 30-day approval time is a meaningful advantage over BPI's 52-day timeline. That's nearly a month of difference.

For refinancing borrowers specifically, a faster turnaround means less time paying your old bank's higher rate. On a 3,000,000 loan at 8.00% (a common rate for older home loans), every extra month before refinancing costs roughly 20,000 in interest. Speed matters.

For a deeper look at how refinancing with either bank works, see our guide on BDO vs BPI home loan refinance rates.

Should You Apply to One Bank or Both?

Here's the smart move most borrowers don't consider: you don't have to choose just one. Through Nook, you can submit a single application and have it matched against multiple banks — including both BDO and BPI — at zero cost. Nook's service is completely free for borrowers; the banks pay the broker fee.

This means you can let the banks compete for your business rather than guessing which one will give you a better offer. Nook's mortgage specialists will also guide you through documentation, follow up with the banks on your behalf, and help you compare final offers side by side.

• Choose BDO if: You earn at least 50,000/month, want the lowest possible 1-year fixed rate, and need faster approval.
• Choose BPI if: Your monthly income is between 40,000 and 49,999, or you prefer a 5-year fixed rate option at 6.50%.
• Use Nook if: You want to explore both (and other banks) without the paperwork hassle — which is almost always the right answer.