BDO vs BPI

BDO vs BPI vs Security Bank Home Loan: 2026 Rate Comparison

Choosing between BDO, BPI, and Security Bank for your home loan — whether for a new purchase or refinancing — comes down to more than just the headline interest rate. Below, we break down every key dimension so you can make a fully informed decision. Note that interest rates are subject to change; always verify current rates directly with the bank or through Nook before proceeding.

Rates shown are indicative as of 2026 and subject to change. Verify current rates with Nook or the bank directly.

Interest Rate Deep Dive: Which Bank Is Cheapest?

Interest rate is the single biggest driver of your monthly amortization and total loan cost over time. Here's how the three banks compare across different fixed-rate periods.

1-Year Fixed Period

BDO leads with the lowest 1-year fixed rate at 6.00% p.a., followed by BPI at 6.70% and Security Bank at 6.99%. For a borrower refinancing a P4,000,000 loan over 20 years, the difference between BDO's 6.00% and Security Bank's 6.99% translates to roughly P2,200 less per month — a saving of over P26,000 in the first year alone.

5-Year Fixed Period

If you want rate certainty for longer, BPI offers the most competitive 5-year fixed rate at 6.50% p.a., which is significantly lower than Security Bank's 7.75%. BDO does not publicly publish a standard 5-year fixed rate, so borrowers seeking longer-term stability will find BPI the strongest performer here.

3-Year Fixed Period

Only Security Bank among the three publicly offers a 3-year fixed option, at 7.25% p.a. BDO and BPI borrowers who want a middle-ground repricing period should inquire directly, as terms can sometimes be negotiated.

Home Equity Loans

For homeowners looking to unlock the equity in their existing property, BDO again offers the lowest rate at 6.00% p.a. Security Bank's home equity rate of 7.50% is the highest of the three. For a deeper rate-by-rate breakdown, see our full housing loan rate comparison for BPI, BDO, and Security Bank.

Real Monthly Payment Comparison: P3,000,000 Loan Over 20 Years

To make the rate differences tangible, here are estimated monthly amortizations for a P3,000,000 home loan with a 20-year term under each bank's 1-year fixed rate. These are illustrative estimates; actual payments depend on your specific loan structure, fees, and terms.

Over a full 20-year term at the initial rate, a BDO borrower would pay approximately P18,360 less per year than a Security Bank borrower on the same loan amount. Of course, rates reprice after the fixed period ends, so the long-run comparison depends on future rate movements.

Approval Speed: Which Bank Processes Loans Fastest?

Approval timelines matter enormously — especially in a competitive real estate market where sellers may not wait, or when you need to refinance before your current bank's lock-in period ends.

• Security Bank: ~23 days — The fastest of the three, making it ideal for time-sensitive transactions.
• BDO: ~30 days — A solid mid-range timeline, about one calendar month.
• BPI Family Savings Bank: ~52 days — The longest of the three, which can be a constraint if you're working against a deadline.

It's worth noting that approval timelines are estimates and can vary based on document completeness, property appraisal scheduling, and loan complexity. Applying through Nook means a dedicated advisor helps you prepare your documents correctly the first time, which can meaningfully reduce delays at any bank.

Eligibility & Requirements: Who Qualifies?

All three banks share some common eligibility fundamentals — Filipino citizenship (or eligible foreign nationals), a minimum age of 21, and a maximum age at loan maturity of typically 65-70. The key differences lie in income thresholds and employment type flexibility.

Minimum Monthly Income

BPI Family Savings Bank has the lowest minimum monthly income requirement at P40,000, making it more accessible to mid-income borrowers. BDO and Security Bank both require a minimum of P50,000 per month — 25% higher than BPI's threshold.

Employment Types Accepted

All three banks accept a broad range of employment types, including private employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and professionals. Security Bank additionally accepts freelancers, which the other two do not explicitly list — a meaningful advantage for the growing gig economy workforce in the Philippines.

Debt-to-Income Ratio

All three banks cap the maximum Debt-to-Income (DTI) ratio at 40%, meaning your total monthly debt obligations — including the new home loan — must not exceed 40% of your gross monthly income.

Loan Purposes Supported

All three banks support the most common home loan purposes: refinancing, home equity, new construction, pre-selling, ready-for-occupancy (RFO) units, renovation, reselling, and foreclosed properties. There are no significant gaps between them on this dimension.

How Much Can You Save by Refinancing?

Most Filipino homeowners are currently paying between 7% and 10% interest on their existing home loans. If you're in that range, refinancing through Nook to BDO's 6.00% rate could result in significant savings.

Consider a homeowner with a P5,000,000 outstanding balance, 15 years remaining, currently paying 8.50% interest:

• Current monthly payment at 8.50%: ~49,233
• Refinanced monthly payment at 6.00% (BDO): ~42,231
• Monthly savings: ~7,002
• Annual savings: ~84,024

Nook's service is 100% free to the borrower — Nook is paid by the bank, not you. That means you keep every peso of those savings. For a broader look at how these banks compare against other major Philippine lenders, see our complete home loan bank comparison for 2026.

Fees & Other Costs to Consider

The interest rate is the dominant cost driver, but home loans also come with one-time and recurring fees that affect the true cost of borrowing. Common fees across Philippine banks include:

• Appraisal fee: Typically P3,000–P5,000, charged upfront
• Processing/application fee: Varies by bank and loan amount
• Mortgage redemption insurance (MRI): Protects the bank if the borrower passes away; usually a small annual percentage of the outstanding balance
• Fire insurance: Required by all banks on the collateral property
• Notarial fees and registration costs: Paid upon loan release
• Penalty fees: For early repayment within the lock-in period (typically 3–5 years)

Nook advisors walk you through all applicable fees before you commit to any bank, so there are no surprises.

Which Bank Is Best for Refinancing Specifically?

For homeowners looking to refinance, the calculus is slightly different from a new purchase. You want the lowest possible rate to reduce your monthly burden, and ideally a bank with a short lock-in period so you retain flexibility.

• Best refinance rate: BDO at 6.00% p.a. (1-year fixed)
• Best for longer-term rate certainty: BPI at 6.50% p.a. (5-year fixed)
• Best for fast processing: Security Bank at ~23 days

Nook works with all three banks and can submit your refinance application to multiple lenders simultaneously — so you can compare actual offers before deciding. There's no obligation and no cost to you.