Interest Rates Comparison
BDO Unibank
- 1-Year Fixed Rate: 6.00%
- Home Equity: 6.00%
- Consistent competitive pricing
BPI Family Savings Bank
- 1-Year Fixed Rate: 6.70%
- 5-Year Fixed Rate: 6.50%
- Home Equity: 6.70%
- Multiple term options available
Savings Example: 3,000,000 Loan
Assuming a 20-year term refinance from 8.5% to each bank's rate:
BDO at 6.00%
Monthly Payment: 21,490
Monthly Savings: 4,050
Total Interest Saved: 972,000
BPI at 6.70%
Monthly Payment: 22,850
Monthly Savings: 2,690
Total Interest Saved: 645,600
Qualification Requirements
BDO Requirements
- Minimum Monthly Income: 50,000
- Maximum DTI Ratio: 40%
- Employment: Private, Government, BPO, OFW, Self-Employed, Professional
- Typical Approval Time: 30 days
BPI Requirements
- Minimum Monthly Income: 40,000
- Maximum DTI Ratio: 40%
- Employment: Private, Government, BPO, OFW, Self-Employed, Professional
- Typical Approval Time: 52 days
Loan Purpose Flexibility
BDO Loan Purposes
- Home Equity
- Foreclosed Properties
- New Construction
- Pre-Selling Units
- Ready For Occupancy (RFO)
- Renovation
- Reselling Properties
BPI Loan Purposes
- Foreclosed Properties
- Home Equity
- New Construction
- Pre-Selling Units
- Ready For Occupancy (RFO)
- Refinancing
- Renovation
- Reselling Properties
Note: Interest rates are subject to change. Borrowers should verify current rates and terms.
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Compare My Options →Frequently Asked Questions
Which bank has better housing loan rates between BDO and BPI?
BDO Unibank offers a lower rate at 6.00% for both 1-year fixed and home equity loans, while BPI Family Savings Bank offers 6.70% for 1-year fixed and 6.50% for 5-year fixed terms. Both are competitive Nook partner banks with rates significantly below the market average of 7-10%.
What are the income requirements for BDO vs BPI housing loans?
BPI Family Savings Bank has a lower minimum monthly income requirement at 40,000 compared to BDO's 50,000 requirement. Both banks maintain a maximum debt-to-income ratio of 40% and accept various employment types including private, government, BPO, OFW, self-employed, and professionals.
How long does loan approval take for BDO vs BPI?
BDO Unibank typically processes applications in 30 days, while BPI Family Savings Bank takes approximately 52 days. BDO's faster processing time makes it attractive for borrowers who need quick refinancing, though both timeframes are reasonable for mortgage processing.
Can I refinance my existing loan with both BDO and BPI?
Yes, both banks accept refinancing applications, with BPI explicitly listing refinancing as a loan purpose. As Nook partner banks, you can apply to both through our platform for free to compare actual offers and choose the best terms for your situation.
How much can I save by refinancing to BDO or BPI rates?
On a 3,000,000 loan refinanced from 8.5%, you could save 4,050 monthly with BDO (6.00% rate) or 2,690 monthly with BPI (6.70% rate). Over 20 years, this translates to total interest savings of 972,000 with BDO or 645,600 with BPI compared to your current higher rate.