BDO vs BPI

Best Home Loan Rates Philippines 2026: Full Bank Comparison

Finding the best home loan rate in the Philippines for 2026 means looking beyond a single headline number. Each bank has different fixing periods, income requirements, approval timelines, and eligible borrower profiles. This guide breaks down everything you need to compare BDO, BPI, RCBC, Security Bank, and other major lenders side by side.

Whether you're buying a new property, refinancing an existing loan, or tapping home equity, this updated comparison will help you identify which bank gives you the best deal for your specific situation. Rates shown are current as of 2026 and subject to change — always verify with the bank or through Nook before applying.

2026 Home Loan Rate Comparison Table: BDO, BPI, RCBC & Security Bank

The table below summarizes the key rates for Nook's partner banks. These are verified rates available through Nook's free broker service.

Note: Interest rates are subject to change. Verify current rates with your preferred bank or through Nook before submitting an application.

How Much Can You Save by Choosing the Right Bank?

The difference between a 6.00% and a 7.00% rate might seem small, but on a large home loan it adds up to a significant amount over time. Here's a real example to put it in perspective.

Assume a home loan of 3,000,000 over a 20-year term:

On a 3,000,000 loan, choosing BDO at 6.00% over RCBC at 7.00% could save you roughly 419,480 in total interest over 20 years. That's real money — equivalent to years of rent, a car, or a college education.

For a deeper dive into how monthly payments are calculated across different banks, try the Housing Loan Calculator Philippines: Compare BPI, BDO, RCBC & Security Bank to model your specific loan amount and term.

BDO Home Loan Rates 2026: Lowest Rate, Broad Eligibility

BDO Unibank is currently offering the lowest 1-year fixed rate among major Philippine banks at 6.00% p.a. — including their Home Equity product at the same rate. This makes BDO a standout choice for borrowers prioritizing the lowest possible monthly payment in the near term.

BDO Key Details

• 1-Year Fixed Rate: 6.00% p.a.
• Home Equity Rate: 6.00% p.a.
• Minimum Monthly Income: 50,000
• Maximum DTI: 40%
• Typical Approval Time: 30 days
• Eligible Employment: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
• Loan Purposes: Home Equity, Foreclosed, New Construction, Pre-Selling, RFO, Renovation, Reselling, Refinancing

BDO's 40% maximum Debt-to-Income (DTI) ratio gives borrowers more room to qualify, and its 30-day typical approval timeline is fast enough for most real estate transactions. BDO also supports the widest range of loan purposes among the banks reviewed here, making it a versatile option regardless of whether you're refinancing or buying new.

Best for: Borrowers who want the lowest 1-year rate, have a monthly income of at least 50,000, and need a flexible lender that handles a wide variety of property types and employment backgrounds.

BPI Family Savings Bank Home Loan Rates 2026: Best for Longer Fixing Periods

BPI Family Savings Bank offers a unique combination: the lowest minimum income requirement at just 40,000 per month and a competitive 5-year fixed rate of 6.50% p.a. — the best medium-term fixed rate available among the banks compared here.

BPI Key Details

• 1-Year Fixed Rate: 6.70% p.a.
• 5-Year Fixed Rate: 6.50% p.a.
• Home Equity Rate: 6.70% p.a.
• Minimum Monthly Income: 40,000
• Maximum DTI: 40%
• Typical Approval Time: 52 days
• Eligible Employment: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
• Loan Purposes: Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling

BPI's 52-day approval timeline is the longest among the four banks reviewed, so plan accordingly if you're working against a transfer deadline. However, its accessibility — accepting incomes as low as 40,000 monthly — makes it reachable for more Filipino families. The 5-year fixed option is especially attractive for borrowers who want to lock in a low rate and avoid repricing risk for a longer stretch.

Best for: Borrowers with monthly income between 40,000 and 50,000 who want a longer rate-lock period, or anyone prioritizing medium-term payment stability over the absolute lowest 1-year rate.

Security Bank Home Loan Rates 2026: Fastest Approval, Most Fixing Options

Security Bank stands out for two reasons: it has the fastest approval time at just 23 days, and it is the only bank among those compared here to offer a 3-year fixed period option. It also accepts freelancers — a borrower type not covered by BDO, BPI, or RCBC.

Security Bank Key Details

• 1-Year Fixed Rate: 6.99% p.a.
• 3-Year Fixed Rate: 7.25% p.a.
• 5-Year Fixed Rate: 7.75% p.a.
• Home Equity Rate: 7.50% p.a.
• Minimum Monthly Income: 50,000
• Maximum DTI: 40%
• Typical Approval Time: 23 days
• Eligible Employment: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer
• Loan Purposes: Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling

Security Bank's rates are slightly higher than BDO and BPI, but the trade-off is speed and flexibility. If you need loan approval in under a month or you earn as a freelancer, Security Bank may be your best option even at a marginally higher rate. For a detailed head-to-head, see Security Bank Home Loan Rates 2026 vs BDO & BPI: Which Bank Wins?

Best for: Borrowers who need fast approval, freelancers who can't qualify elsewhere, or buyers needing a 3-year fixing option not offered by other banks.

RCBC Home Loan Rates 2026: A Solid Option for Select Borrowers

RCBC (Rizal Commercial Banking Corporation) offers a 1-year fixed rate of 7.00% p.a., which is competitive but slightly above BDO, BPI, and Security Bank. Its Home Equity rate of 8.00% is the highest among the four banks, making it less ideal for equity-tapping purposes.

RCBC Key Details

• 1-Year Fixed Rate: 7.00% p.a.
• Home Equity Rate: 8.00% p.a.
• Minimum Monthly Income: 50,000
• Maximum DTI: 30%
• Typical Approval Time: 49 days
• Eligible Employment: Private, OFW/Seafarer, Self-Employed, Professional
• Loan Purposes: Foreclosed, Home Equity, Pre-Selling, RFO, Refinancing, Reselling

RCBC's stricter 30% maximum DTI (versus 40% at other banks) means borrowers need relatively higher income compared to their debt load to qualify. It also does not serve government employees or BPO workers, which narrows eligibility. Approval at 49 days is also on the slower end. That said, RCBC remains a reputable institution and a viable option for OFWs and self-employed professionals who already bank with RCBC or have a strong credit relationship there.

Best for: OFWs, seafarers, and self-employed professionals who already have a relationship with RCBC and meet the tighter DTI requirements.

Other Major Banks: Metrobank, Landbank, Pag-IBIG & More

Beyond Nook's four partner banks, several other major Philippine lenders are worth knowing about when comparing home loan options for 2026.

• Metrobank: One of the largest banks in the country, Metrobank offers competitive home loan rates typically ranging from 6.50% to 8.00% depending on the fixing period. Known for strong branch support and a straightforward application process.
• Landbank of the Philippines: A government-owned bank with rates that can be attractive, particularly for government employees and those purchasing socialized or economic housing. Approval timelines can be longer.
• Pag-IBIG Fund (HDMF): For qualified members, Pag-IBIG offers some of the lowest rates in the market — often below 6% for certain loan amounts — but comes with strict membership contribution requirements and loan amount caps. Ideal for first-time buyers within affordable price brackets.
• PNB, UnionBank, EastWest Bank, Chinabank, PSBank, Robinsons Bank: Each of these banks offers home loan products with varying rates, typically between 7% and 9% for standard fixing periods. Some specialize in specific property types or borrower segments.

For a broader look at all your bank options in one place, visit our Home Loan Philippines Bank Options 2026: BDO, BPI, Metrobank, RCBC, Security Bank Compared guide.

Fixed Rate vs. Variable Rate: What Should You Choose in 2026?

All four partner banks above offer fixed-rate periods — typically 1, 3, or 5 years — after which your rate is repriced based on prevailing market rates. This is different from a fully variable loan, where rates change more frequently.

In the current rate environment, most financial advisors suggest locking in a fixed rate for as long as possible if you expect rates to rise or stay elevated. Here's a simple guide:

• 1-Year Fixed: Best if you plan to refinance again in the near term, or if you believe rates will fall significantly in 2027.
• 3-Year Fixed: A middle-ground option offering a moderate rate lock. Currently only available through Security Bank at 7.25%.
• 5-Year Fixed: Best for borrowers who want payment certainty and don't want to worry about repricing. BPI offers the best 5-year rate at 6.50%.

For most borrowers who plan to hold their property long-term, a 5-year fix from BPI or a 1-year fix from BDO (followed by refinancing if rates drop) are the two most strategically sound options heading into 2026.

How to Get the Best Home Loan Rate in the Philippines Through Nook

Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. Here's how the process works:

1. Tell us about your loan: Share basic details about your income, property, and loan amount.
2. We match you to the best rate: Our system compares all partner banks and surfaces the lowest rate you're eligible for.
3. Apply with one submission: No need to visit multiple banks or fill out multiple forms.
4. We handle the follow-up: Our team coordinates with the bank on your behalf until approval.

There's no broker fee, no hidden charges, and no obligation. Nook earns a referral fee from the bank — you pay nothing extra. The best home loan rate available through Nook right now is 5.99% p.a. for qualifying refinance borrowers.

If you're currently paying 7%, 8%, or more on your home loan, refinancing through Nook could reduce your monthly payment significantly. Use our BDO vs BPI vs RCBC Home Loan Rates side-by-side comparison to see exactly how much you could save.