BDO vs BPI

BDO vs BPI Housing Loan: Side-by-Side Rate Comparison (2026)

Both BDO and BPI are Nook partner banks, which means you can apply to either — or both — completely free through Nook. Below is a direct comparison of their current housing loan rates and key terms.

Note: Interest rates are subject to change. Always verify current rates with the bank or through Nook before applying.

Monthly Payment Comparison: How Much Can You Save?

To make this concrete, here's how BDO and BPI's rates compare on a typical 3,000,000 peso housing loan over 20 years.

Choosing BDO over BPI's 1-year fixed rate saves approximately 1,125 pesos per month — that's 13,500 pesos per year on a 3,000,000 loan. Over the full fixing period, that's a meaningful difference. However, after BPI's 5-year fixed period ends, your rate reprices to whatever the prevailing rate is at that time — which could work in your favor or against you.

If you're currently paying 8% or higher on your existing home loan, both banks represent significant savings. You can explore how much you could save by comparing BDO, BPI, and Metrobank refinance rates side by side.

Fixing Period: Short-Term Savings vs. Long-Term Security

One of the most important — and often overlooked — decisions in a Philippine housing loan is your fixing period: how long your interest rate stays locked in before it reprices.

BDO: 1-Year Fixed at 6.00%

BDO's published rate is a 1-year fixed. This gives you the lowest possible starting payment, but your rate will reprice after 12 months based on market conditions. If rates rise, your monthly payment goes up. If rates fall, you benefit. This option suits borrowers who:

• Plan to refinance again within 1-2 years
• Are confident rates will stay flat or decrease
• Want the maximum cash flow benefit right now

BPI: 1-Year Fixed at 6.70% or 5-Year Fixed at 6.50%

BPI's standout offering is its 5-year fixed rate of 6.50% — only 50 basis points above BDO's 1-year rate, but with five full years of payment predictability. This suits borrowers who:

• Value budgeting certainty and don't want surprise repricings
• Believe rates may rise over the next few years
• Are on a tight monthly budget and can't absorb payment increases

Interestingly, BPI's 5-year fixed rate of 6.50% is lower than its own 1-year fixed rate of 6.70%, which is unusual and makes the longer fixing period especially attractive right now.

Eligibility: Who Qualifies for Each Bank?

Both banks have similar eligibility frameworks, but there are two key differences worth noting.

Income Requirements

BPI's minimum monthly income requirement of 40,000 pesos is lower than BDO's 50,000 pesos. This makes BPI more accessible for borrowers in the middle-income range. If your household income is between 40,000 and 49,999 pesos per month, BPI may be your only option between these two banks.

Debt-to-Income Ratio (DTI)

Both banks cap your total monthly debt obligations (including the new loan payment) at 40% of gross monthly income. This is a standard ceiling across Philippine banks. For example, if you earn 80,000/month, your total loan payments cannot exceed 32,000/month.

Employment Types

Both banks accept the same employment categories: locally employed (private sector and government), BPO workers, OFWs and seafarers, self-employed individuals, and professionals. Neither bank has a material advantage here.

Approval Speed

BDO's typical approval timeline of ~30 days is significantly faster than BPI's ~52 days. If you're working against a deadline — such as a seller's timeline or an expiring pre-approval — BDO's faster processing could be a deciding factor.

Refinancing: Which Bank is Better for Switching Your Existing Loan?

Both BDO and BPI accept housing loan refinancing applications, meaning you can switch your current home loan from any bank to either of these lenders. This is one of the most common use cases Nook helps with.

The typical Filipino homeowner paying 8% or higher on a loan taken out 3-5 years ago stands to save substantially by refinancing to either bank's current rates. At 6.00% with BDO, the savings versus an 8% loan on a 3,000,000 peso balance are approximately 3,800 pesos per month — over 45,000 pesos per year.

When refinancing, consider:

• Remaining loan balance: Refinancing makes the most financial sense when your balance is still large enough that the rate savings outweigh any fees.
• Time remaining: If you have fewer than 5 years left, the math may not favor refinancing.
• Fixing period preference: If you want to lock in a rate for longer, BPI's 5-year option adds stability post-refinance.

For a deeper look at how these two banks stack up specifically for refinancing, see our BDO vs BPI home loan refinance rates comparison.

Home Equity Loans: Borrowing Against Your Property

Both banks also offer home equity loans — where you borrow against the value of a property you already own. This is useful for funding renovations, business capital, education, or other large expenses.

BDO's home equity rate of 6.00% matches its purchase rate, while BPI's home equity rate of 6.70% also mirrors its standard housing loan rate. BDO has the rate advantage here as well, though BPI's lower income threshold may make it the only viable option for some borrowers.