Interest Rates Comparison
BDO Unibank
- 1-Year Fixed Rate: 6.00%
- Home Equity Loan: 6.00%
- Consistent low rates across products
RCBC
- 1-Year Fixed Rate: 7.00%
- Home Equity Loan: 8.00%
- Specialized refinancing options available
On a 5,000,000 loan over 20 years, BDO's 6.00% rate results in monthly payments of approximately 35,820, while RCBC's 7.00% rate would cost about 38,760 monthly - a difference of nearly 3,000 per month.
Eligibility Requirements
BDO Requirements
- Minimum Monthly Income: 50,000
- Maximum DTI Ratio: 40%
- Employment: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
RCBC Requirements
- Minimum Monthly Income: 50,000
- Maximum DTI Ratio: 30%
- Employment: Private, OFW/Seafarer, Self-Employed, Professional
Both banks have identical income requirements, but BDO allows a higher debt-to-income ratio (40% vs 30%), making it more accessible for borrowers with existing obligations.
Processing Time & Loan Purposes
BDO Processing
- Typical Approval: 30 days
- Loan Purposes: Home Equity, Foreclosed, New Construction, Pre-Selling, RFO, Renovation, Reselling
- Wider range of property types accepted
RCBC Processing
- Typical Approval: 49 days
- Loan Purposes: Foreclosed, Home Equity, Pre-Selling, RFO, Refinancing, Reselling
- Dedicated refinancing product line
BDO processes applications significantly faster and accepts more loan purposes, though RCBC specifically caters to refinancing customers with tailored products. For comprehensive comparisons with other major banks, see our BDO vs Metrobank vs Security Bank analysis.
Why Choose Nook for Your Application
Both BDO and RCBC are trusted Nook partner banks, meaning you get:
- Free broker service - No fees to compare and apply
- Expert guidance through the application process
- Access to wholesale rates not available to individual borrowers
- Streamlined documentation and faster approvals
Whether you choose BDO's lower rates or RCBC's refinancing expertise, Nook ensures you get the best possible terms from either bank.
Not sure which bank suits you?
Nook compares offers from 15+ banks for free. See your personalised options.
Compare My Options →Frequently Asked Questions
Which bank has lower home loan rates - BDO or RCBC?
BDO offers significantly lower rates at 6.00% for both 1-year fixed and home equity loans, compared to RCBC's 7.00-8.00% rates. This translates to thousands in monthly savings on typical loan amounts.
How do BDO and RCBC processing times compare?
BDO processes home loan applications in approximately 30 days, while RCBC takes around 49 days. BDO's faster approval timeline can be crucial for time-sensitive property purchases or refinancing needs.
What are the income requirements for BDO vs RCBC home loans?
Both banks require a minimum monthly income of 50,000. However, BDO allows a higher debt-to-income ratio of 40% compared to RCBC's 30% limit, making BDO more accessible for borrowers with existing debts.
Does RCBC offer better refinancing options than BDO?
RCBC specifically includes refinancing in their loan purposes and may have more tailored refinancing products. However, BDO's lower rates and faster processing often provide better overall value for refinancing customers.
Can I apply to both BDO and RCBC through Nook?
Yes, both BDO and RCBC are Nook partner banks. You can apply to both simultaneously at no cost and compare their actual offers before making a decision. Nook's service is completely free to borrowers.
Are there any fees when comparing BDO vs RCBC rates through Nook?
No, Nook's comparison and application service is 100% free to borrowers. There are no upfront fees, hidden charges, or costs when applying to either BDO or RCBC through our platform.