BDO vs Maybank: Home Loan Rate Comparison
Both BDO Unibank and Maybank Philippines are Nook partner banks, meaning you can apply to either — or both — through Nook at no cost to you. Below is a detailed breakdown of how their home loan products compare across rates, eligibility, and loan features.
| Feature | BDO Unibank | Maybank Philippines |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | 7.00% p.a. |
| 3-Year Fixed Rate | Not listed | 6.99% p.a. |
| 5-Year Fixed Rate | Not listed | 7.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 9.88% p.a. |
| Min. Monthly Income | 50,000 | 40,000 |
| Max Debt-to-Income Ratio | 40% | 40% |
| Typical Approval Time | ~30 days | Varies |
| Refinancing Available | Yes | Not listed |
Interest rates are subject to change. Always verify current rates with the bank or through your Nook advisor before proceeding.
Monthly Payment Comparison: BDO vs Maybank
To illustrate the real-world difference between these two banks, here's how monthly repayments compare on a 3,000,000-peso home loan over a 20-year term:
| Scenario | BDO (6.00% 1-Yr Fixed) | Maybank (7.00% 1-Yr Fixed) |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Loan Term | 20 years | 20 years |
| Interest Rate | 6.00% p.a. | 7.00% p.a. |
| Est. Monthly Payment | ~21,494 | ~23,260 |
| Est. Annual Difference | — | ~21,192 more per year |
Over the fixed rate period, a borrower choosing BDO at 6.00% versus Maybank at 7.00% on a 3,000,000-peso loan could save approximately 21,192 pesos per year during that repricing period. For homeowners currently paying 8% or higher at another bank, both BDO and Maybank represent meaningful savings through refinancing.
If you're comparing BDO against other banks as well, you might also find our BDO vs Security Bank comparison helpful for a broader picture of what's available in the market.
Eligibility Requirements: Who Qualifies?
Both banks have broadly accessible eligibility criteria, but there are a few key differences worth noting:
| Requirement | BDO Unibank | Maybank Philippines |
|---|---|---|
| Minimum Monthly Income | 50,000 | 40,000 |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Max DTI | 40% | 40% |
Key insight: Maybank has a lower minimum income requirement (40,000 vs 50,000 per month), which may make it a more accessible option for borrowers with moderate household income. BDO's 50,000 monthly income floor is still widely attainable for dual-income households and professionals. Both banks accept OFWs and self-employed borrowers — a major plus for many Filipino applicants.
Loan Purposes: What Can You Use the Loan For?
BDO supports a broader range of loan purposes including refinancing and new construction, while Maybank covers the most common property transaction types:
| Loan Purpose | BDO | Maybank |
|---|---|---|
| Refinancing | ✓ | — |
| Home Equity / Cash-Out | ✓ (6.00%) | ✓ (9.88%) |
| Ready For Occupancy (RFO) | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ |
| New Construction | ✓ | ✓ |
| Renovation | ✓ | ✓ |
| Reselling | ✓ | ✓ |
| Foreclosed Properties | ✓ | ✓ |
For borrowers specifically looking to refinance an existing home loan, BDO is the clearly listed option here. If you're also considering Landbank as a benchmark, our BDO vs Landbank comparison covers how BDO stacks up against a government-backed lender.
Home Equity Loans: A Critical Difference
If you're looking to borrow against the equity in your home — whether for a business, education, medical expenses, or major renovation — the rate difference between BDO and Maybank is stark:
- BDO Home Equity Rate: 6.00% p.a.
- Maybank Home Equity Rate: 9.88% p.a.
On a 2,000,000-peso home equity loan over 10 years, the monthly payment at 6.00% is approximately 22,204 pesos versus approximately 26,103 pesos at 9.88% — a difference of nearly 3,899 pesos per month or around 46,788 pesos per year. For home equity specifically, BDO is the far more affordable option of the two.
Why Apply Through Nook Instead of Going Directly?
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. Here's what you get when you apply through Nook instead of walking into a bank branch:
- Compare multiple banks at once — apply to BDO, Maybank, and other partner banks in a single streamlined process
- Expert guidance — our mortgage advisors help you understand which product fits your income, property type, and goals
- Faster processing — we handle the paperwork and bank coordination on your behalf
- No broker fees — ever. Banks pay Nook, not you
- Unbiased recommendations — we show you the best rate available, regardless of which bank it comes from
Most Filipino homeowners are currently paying between 7% and 10% on their existing home loans. With BDO offering 6.00% and Maybank offering rates starting at 6.99%, refinancing through Nook could immediately reduce your monthly payment without any out-of-pocket cost to start the process.
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Compare My Options →Frequently Asked Questions
Which has the lower home loan rate — BDO or Maybank?
BDO currently offers a lower 1-year fixed rate at 6.00% p.a. compared to Maybank's 1-year fixed rate of 7.00% p.a. However, Maybank offers a 3-year fixed option at 6.99% p.a., which may appeal to borrowers who want rate stability over a longer period. Rates are subject to change — verify current rates through Nook or directly with the banks.
Can I apply to both BDO and Maybank at the same time through Nook?
Yes. Because both BDO and Maybank are Nook partner banks, you can submit a single application through Nook and have your profile evaluated by both lenders simultaneously. This saves time and helps you get the best available offer without visiting multiple branches. Nook's service is completely free to borrowers.
What is the minimum income requirement for BDO vs Maybank home loans?
BDO requires a minimum monthly income of 50,000 pesos, while Maybank's minimum is slightly lower at 40,000 pesos per month. Both banks accept a wide range of employment types including private employees, government workers, OFWs, self-employed professionals, and BPO workers.
Which bank is better for refinancing — BDO or Maybank?
BDO explicitly supports refinancing as a loan purpose at a rate of 6.00% p.a. If your current home loan rate is 7% or higher, refinancing to BDO through Nook could significantly reduce your monthly payments. Maybank does not currently list refinancing as a supported loan purpose among its published products.
How does the Maybank 3-year fixed rate compare to BDO?
Maybank offers a 3-year fixed rate of 6.99% p.a., which provides medium-term rate certainty. BDO's published rates focus on a 1-year fixed at 6.00% p.a., which is lower upfront but reprices sooner. If you prioritize a longer lock-in period without frequent repricing, Maybank's 3-year fixed may be worth considering despite the slightly higher rate.
What is the difference in home equity loan rates between BDO and Maybank?
The difference is significant. BDO's home equity rate is 6.00% p.a., while Maybank's home equity rate is 9.88% p.a. — a spread of nearly 4 percentage points. For borrowers looking to access equity from their property, BDO is substantially more affordable. Always confirm current rates before applying as these are subject to change.
Is Nook's mortgage brokerage service really free?
Yes, Nook's service is 100% free for borrowers. Nook is compensated by partner banks when a loan is successfully arranged, so there is no broker fee, processing fee, or consultation charge passed on to you. You get access to multiple bank options, expert advice, and assisted application processing at no cost.
How long does BDO take to approve a home loan?
BDO's typical loan approval timeline is approximately 30 days from submission of complete documents. Applying through Nook can help streamline this process since Nook advisors assist with document preparation and coordinate directly with the bank on your behalf.