BDO vs BPI Housing Loan: Rate Comparison 2026
When choosing between BDO and BPI for a housing loan, the interest rate is usually the first thing borrowers look at — and for good reason. Even a small difference in rate can mean tens of thousands of pesos in savings over the life of your loan. Below is a direct side-by-side comparison using verified rates from both banks, available through Nook.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% | 6.70% |
| 5-Year Fixed Rate | Not listed | 6.50% |
| Home Equity Rate | 6.00% | 6.70% |
| Min. Monthly Income | 50,000 | 40,000 |
| Max. Debt-to-Income Ratio | 40% | 40% |
| Typical Approval Time | 30 days | 52 days |
| Nook Partner Bank | Yes | Yes |
Interest rates are subject to change. Always verify current rates with your Nook advisor or directly with the bank before submitting your application.
Monthly Payment Comparison: BDO vs BPI
To make this comparison concrete, here are estimated monthly amortizations at each bank's 1-year fixed rate across common loan amounts. These figures assume a 20-year loan term and are for illustrative purposes only.
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| 2,000,000 | 14,321 | 15,120 | 799 |
| 3,500,000 | 25,062 | 26,460 | 1,398 |
| 5,000,000 | 35,803 | 37,800 | 1,997 |
| 7,500,000 | 53,704 | 56,700 | 2,996 |
| 10,000,000 | 71,606 | 75,600 | 3,994 |
On a 5,000,000 loan, choosing BDO over BPI at current rates saves you approximately 1,997 per month — that's nearly 24,000 per year, or close to 479,000 over a 20-year term. These savings compound significantly when you consider refinancing an existing loan. If you're already paying 8% or higher, switching to either bank through Nook could unlock even greater relief.
For a broader three-way comparison, see our BDO vs BPI vs Metrobank refinance rates breakdown to see how these two banks stack up against another major lender.
Eligibility Requirements: Who Qualifies?
Both BDO and BPI cater to a wide range of borrower profiles, but there are key differences in their income requirements and employment type acceptance that could determine which bank is the right fit for you.
| Requirement | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| Minimum Monthly Income | 50,000 | 40,000 |
| Private Employed | Yes | Yes |
| Government Employed | Yes | Yes |
| BPO Workers | Yes | Yes |
| OFW / Seafarers | Yes | Yes |
| Self-Employed | Yes | Yes |
| Professionals (doctors, lawyers, etc.) | Yes | Yes |
BPI's lower income floor of 40,000 per month makes it a more accessible option for first-time buyers or borrowers in earlier career stages. BDO requires at least 50,000 monthly income, which means some applicants who are rejected by BDO may still qualify comfortably with BPI — even at a slightly higher rate.
Both banks accept the same employment types, which is great news for OFWs, government workers, and self-employed borrowers who sometimes face stricter screening elsewhere.
Loan Purposes Covered
Whether you're buying a brand-new condo, refinancing an existing home loan, or tapping your home's equity, both BDO and BPI cover the most common loan purposes Filipino borrowers need.
| Loan Purpose | BDO | BPI |
|---|---|---|
| Refinancing | Yes | Yes |
| Home Equity / Cash-Out | Yes | Yes |
| Ready For Occupancy (RFO) | Yes | Yes |
| Pre-Selling | Yes | Yes |
| New Construction | Yes | Yes |
| Renovation | Yes | Yes |
| Reselling | Yes | Yes |
| Foreclosed Properties | Yes | Yes |
Both banks are well-rounded in terms of loan purpose coverage. There is no meaningful difference here — your decision should primarily be driven by rate, income eligibility, and approval speed.
Approval Speed: BDO vs BPI
If timing matters to your purchase or refinancing plan, approval speed is a critical factor. BDO's typical approval timeline is approximately 30 days, while BPI typically takes around 52 days — a difference of more than three weeks.
For buyers with a signed Reservation Agreement and a deadline to secure financing, BDO's faster turnaround can be a significant practical advantage. For refinancing borrowers who have more flexibility in timing, either bank works well — though starting sooner is always advisable.
When you apply through Nook, our advisors help you prepare a complete, accurate application to avoid delays caused by missing documents or incorrect information — the most common reasons for extended approval timelines at any bank.
Refinancing with BDO or BPI Through Nook
If you currently have a home loan with another bank — or even with BDO or BPI themselves — refinancing through Nook can help you access lower rates without paying broker fees. Nook is 100% free for borrowers. We're compensated by the bank when your loan is approved, never by you.
The best available refinance rate through Nook right now is 5.99% per annum. Most Filipino homeowners are currently paying between 7% and 10% on their home loans. Refinancing to 5.99%–6.00% can cut your monthly payment by thousands of pesos — and save you hundreds of thousands over the remaining term of your loan.
To understand how refinancing works across these two lenders specifically, our detailed guide on BDO vs BPI home loan refinance rates walks through the process, typical costs, and what to expect at each bank.
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Compare My Options →Frequently Asked Questions
Which has a lower interest rate — BDO or BPI housing loan?
As of 2026, BDO offers a lower 1-year fixed rate of 6.00% compared to BPI's 1-year fixed rate of 6.70%. BPI does offer a 5-year fixed rate option at 6.50%, which may appeal to borrowers who want longer-term rate certainty. Note that rates are subject to change — verify the latest rates with a Nook advisor before applying.
What is the minimum income requirement for BDO and BPI housing loans?
BDO requires a minimum monthly income of 50,000, while BPI's minimum is 40,000 per month. If your household income falls between these two figures, BPI may be your more accessible option even though its rate is slightly higher.
How long does BDO vs BPI take to approve a housing loan?
BDO typically approves housing loans in about 30 days, while BPI's typical approval timeline is around 52 days. If you're working against a developer deadline or need to move quickly, BDO's faster processing is a meaningful advantage. Applying with complete, accurate documents through Nook can help minimize delays at either bank.
Can I refinance my existing home loan with BDO or BPI through Nook?
Yes. Both BDO and BPI offer home loan refinancing, and both are Nook partner banks. Nook's refinancing service is completely free for borrowers. If you're currently paying 7% or more on your existing loan, refinancing to the current best rate of 5.99% p.a. through Nook could save you thousands of pesos every month.
Does BPI offer a fixed rate for longer than 1 year?
Yes. BPI offers a 5-year fixed rate at 6.50% per annum, which is lower than its 1-year fixed rate of 6.70%. This can be attractive for borrowers who want budget certainty and are willing to trade the flexibility of a shorter fixed period for a longer rate lock. BDO does not currently list a 5-year fixed rate option through Nook.
Which bank is better for OFWs — BDO or BPI?
Both BDO and BPI accept OFW and seafarer applicants for housing loans. The better choice depends on the OFW's monthly income and preferred loan structure. If income exceeds 50,000 per month, BDO's lower rate of 6.00% would typically make it the better option. For OFWs earning between 40,000 and 50,000 monthly, BPI is the accessible choice. Nook advisors can help OFWs navigate the documentation process for either bank.
Is Nook's mortgage brokering service really free?
Yes. Nook charges borrowers nothing — no application fees, no broker fees, and no hidden charges. Nook earns a referral fee from the bank when your loan is approved. This means you get expert guidance, document support, and access to multiple lenders at zero cost to you.
How much can I save by switching from 8% to BDO's 6.00% rate?
On a 5,000,000 loan with 15 years remaining, switching from 8.00% to 6.00% saves approximately 5,700 per month in amortization — that's over 68,000 per year and more than 1,000,000 over the remaining term. Use Nook's free refinance calculator or speak to a Nook advisor for a personalized savings estimate.