Income Requirements Comparison
BDO Unibank
- Minimum Monthly Income: ₱50,000
- Maximum DTI Ratio: 40%
- Income Verification: ITR, Certificate of Employment, payslips
- Self-Employed Requirements: Business registration, financial statements
BPI Family Savings Bank
- Minimum Monthly Income: ₱40,000
- Maximum DTI Ratio: 40%
- Income Verification: ITR, Certificate of Employment, payslips
- Self-Employed Requirements: Business registration, financial statements
Employment Type Eligibility
BDO Accepted Employment
- Private employees
- Government employees
- BPO workers
- OFWs and Seafarers
- Self-employed individuals
- Licensed professionals
BPI Accepted Employment
- Private employees
- Government employees
- BPO workers
- OFWs and Seafarers
- Self-employed individuals
- Licensed professionals
Processing Time & Approval
BDO Processing
- Typical Approval Time: 30 days
- Document Requirements: Standard bank documentation
- Credit Score: Good credit history required
- Property Appraisal: Required for all loans
BPI Processing
- Typical Approval Time: 52 days
- Document Requirements: Standard bank documentation
- Credit Score: Good credit history required
- Property Appraisal: Required for all loans
Loan Purpose Flexibility
BDO Loan Purposes
- Home Equity loans
- Foreclosed property purchase
- New construction
- Pre-selling units
- Ready for Occupancy (RFO)
- Renovation projects
- Reselling properties
BPI Loan Purposes
- Foreclosed property purchase
- Home Equity loans
- New construction
- Pre-selling units
- Ready for Occupancy (RFO)
- Refinancing existing loans
- Renovation projects
- Reselling properties
Interest Rates Through Nook
Both BDO and BPI are Nook partner banks, offering competitive rates:
BDO Rates via Nook
- 1-Year Fixed Rate: 6.00%
- Home Equity Rate: 6.00%
BPI Rates via Nook
- 1-Year Fixed Rate: 6.70%
- 5-Year Fixed Rate: 6.50%
- Home Equity Rate: 6.70%
For a comprehensive comparison of rates and terms, check our detailed BDO vs BPI housing loan analysis.
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Compare My Options →Frequently Asked Questions
What is the minimum income requirement for BDO vs BPI housing loans?
BDO requires a minimum monthly income of ₱50,000, while BPI Family Savings Bank accepts borrowers with ₱40,000 monthly income. This makes BPI more accessible for middle-income earners seeking home financing.
Which bank processes housing loan applications faster - BDO or BPI?
BDO typically approves housing loans in 30 days, significantly faster than BPI's 52-day processing time. If you need quick approval, BDO offers a more efficient timeline for loan processing.
Do BDO and BPI have the same debt-to-income ratio requirements?
Yes, both BDO and BPI maintain a maximum debt-to-income ratio of 40%. This means your total monthly debt payments (including the new housing loan) cannot exceed 40% of your gross monthly income.
Which employment types qualify for BDO and BPI housing loans?
Both banks accept the same employment types: private employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. Neither bank has restrictions on specific employment categories.
Can I get better rates on BDO or BPI loans through Nook?
Yes, both BDO and BPI are Nook partner banks offering competitive rates. BDO offers 6.00% for 1-year fixed and home equity loans, while BPI offers 6.70% for 1-year fixed, 6.50% for 5-year fixed, and 6.70% for home equity loans. Nook's broker service is completely free to borrowers.
What loan purposes do BDO and BPI support?
Both banks support similar loan purposes including foreclosed properties, new construction, pre-selling units, RFO properties, and renovation. BPI additionally offers refinancing options, while both banks provide home equity and reselling property loans.