BPI vs BDO vs Security Bank: 2026 Housing Loan Rates at a Glance
All three banks are Nook partner banks, meaning you can apply to any or all of them through a single free application on Nook. Below is a direct comparison of their published housing loan interest rates for 2026.
| Bank | 1-Year Fixed Rate | 5-Year Fixed Rate | Home Equity Rate |
|---|---|---|---|
| BDO Unibank | 6.00% p.a. | Not published | 6.00% p.a. |
| BPI Family Savings Bank | 6.70% p.a. | 6.50% p.a. | 6.70% p.a. |
| Security Bank | 6.99% p.a. | 6.75% p.a. | 7.50% p.a. |
Note: Interest rates are subject to change. Please verify current rates with each bank or through Nook before applying.
Monthly Amortization Comparison: How Much Will You Pay?
Let's put these rates into real peso terms. Using a loan amount of 3,000,000 over a 20-year term, here's what your estimated monthly amortization looks like under each bank's 1-year fixed rate:
| Bank | Rate (1-Yr Fixed) | Est. Monthly Payment | Total Interest Paid (20 yrs) |
|---|---|---|---|
| BDO Unibank | 6.00% p.a. | approx. 21,491 | approx. 2,157,840 |
| BPI Family Savings Bank | 6.70% p.a. | approx. 22,652 | approx. 2,436,480 |
| Security Bank | 6.99% p.a. | approx. 23,194 | approx. 2,566,560 |
Over a 20-year loan, choosing BDO over Security Bank at these rates could save you roughly 408,720 in total interest payments. Even a difference of less than 1% adds up dramatically over decades. Want to run the numbers for your exact loan amount? Try the housing loan calculator for BPI, BDO, and Security Bank to get a personalized estimate.
Eligibility Requirements: Who Qualifies?
Beyond rates, each bank has different income thresholds and employment type requirements that will affect whether you qualify in the first place.
| Requirement | BDO Unibank | BPI Family Savings Bank | Security Bank |
|---|---|---|---|
| Min. Monthly Income | P50,000 | P40,000 | P50,000 |
| Max. Debt-to-Income Ratio | 40% | 40% | 40% |
| Private Employed | ✓ | ✓ | ✓ |
| Government Employed | ✓ | ✓ | ✓ |
| BPO Workers | ✓ | ✓ | ✓ |
| OFW / Seafarer | ✓ | ✓ | ✓ |
| Self-Employed | ✓ | ✓ | ✓ |
| Professional | ✓ | ✓ | ✓ |
| Freelancer | — | — | ✓ |
Key takeaway: BPI has the most accessible income floor at P40,000/month, making it a strong option for mid-income earners. Security Bank is the only bank among the three that explicitly accepts freelancers — a meaningful advantage as the gig economy grows in the Philippines.
Loan Purposes Covered
All three banks cover the most common housing loan needs, including refinancing, home equity loans, Ready for Occupancy (RFO) units, new construction, renovation, and resale properties. If you're refinancing an existing home loan to get a lower rate, all three banks are valid options through Nook.
Thinking about whether to refinance with BDO or BPI specifically? Check out our detailed guide on BDO vs BPI home loan refinance rates to compare those two head-to-head.
Approval Speed: Which Bank Processes Fastest?
| Bank | Typical Approval Time |
|---|---|
| Security Bank | 23 days |
| BDO Unibank | 30 days |
| BPI Family Savings Bank | 52 days |
Security Bank is the clear winner on speed — at roughly 23 days, it processes housing loan applications about 29 days faster than BPI. If you're working with a tight property purchase deadline or need funds quickly for a home equity purpose, Security Bank's turnaround time is a real competitive advantage. BDO is a solid middle ground at 30 days, while BPI takes the longest but compensates with a lower income requirement and competitive 5-year fixed rate.
5-Year Fixed Rate: A Better Long-Term Lock?
For borrowers who want rate certainty beyond the first year, BPI and Security Bank both offer 5-year fixed rate options — BDO does not publish a 5-year fixed rate at this time.
- BPI 5-Year Fixed: 6.50% p.a. — lower than BPI's own 1-year fixed rate, making it a compelling choice for borrowers who want stability
- Security Bank 5-Year Fixed: 6.75% p.a. — slightly higher than BPI's but still competitive
If you plan to hold your property for more than five years and want protection against rate increases, BPI's 5-year fixed at 6.50% is actually the most attractive long-term rate among the three banks listed here.
Which Bank Should You Choose?
Choose BDO if…
- You want the lowest 1-year introductory rate (6.00%)
- You earn at least P50,000/month
- You're refinancing or purchasing RFO, pre-selling, or resale properties
- You want a bank with broad loan purpose coverage
Choose BPI if…
- Your monthly income is between P40,000 and P50,000
- You want a competitive 5-year fixed rate (6.50%)
- You don't need fast approval and can wait ~52 days
- You're an OFW, professional, or self-employed borrower
Choose Security Bank if…
- You need fast approval — 23 days is the fastest of the three
- You're a freelancer (the only bank here that accepts this employment type)
- You're comfortable with a slightly higher rate in exchange for speed
- You need a home equity loan with a defined 5-year fixed option
The smartest move? Apply to all three through Nook at no cost. Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We submit your application to multiple banks simultaneously so you can compare real offers — not just published rates — before deciding.
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 the lowest housing loan rate in 2026 — BPI, BDO, or Security Bank?
Based on current published rates, BDO has the lowest 1-year fixed rate at 6.00% p.a., followed by BPI at 6.70% and Security Bank at 6.99%. However, for borrowers looking to lock in a 5-year fixed rate, BPI offers 6.50% p.a., which is competitive even against BDO's 1-year rate. Rates are subject to change, so it's worth applying through Nook to see the actual offer each bank will extend based on your profile.
How much lower is BDO's rate compared to BPI and Security Bank?
BDO's 1-year fixed rate of 6.00% is 0.70 percentage points lower than BPI (6.70%) and 0.99 percentage points lower than Security Bank (6.99%). On a 3,000,000 loan over 20 years, that difference translates to roughly 278,640 to 408,720 in total interest savings — a significant amount worth factoring into your decision.
What is the minimum monthly income required for a housing loan from each bank?
BPI Family Savings Bank has the most accessible income requirement at P40,000 per month. Both BDO and Security Bank require a minimum monthly income of P50,000. All three banks apply a maximum debt-to-income ratio of 40%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income.
Which bank approves housing loans the fastest?
Security Bank has the fastest typical approval time at approximately 23 days. BDO typically processes applications in about 30 days, while BPI takes around 52 days. If you're working against a tight deadline for a property purchase or urgent refinancing, Security Bank's speed advantage is significant — though their starting rate is the highest of the three.
Can freelancers apply for a housing loan at BPI, BDO, or Security Bank?
Among the three banks, only Security Bank explicitly accepts freelancers as an employment type. BDO and BPI accept a wide range of employment categories including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals — but do not list freelancers as a separate eligible category. Freelancers may still qualify at BDO or BPI under the self-employed category depending on their documentation, but Security Bank is the most straightforward option for gig workers.
Is it better to choose a 1-year or 5-year fixed rate housing loan?
A 1-year fixed rate gives you the lowest initial rate but means your interest will be repriced after 12 months, exposing you to market rate changes. A 5-year fixed rate locks in your monthly payment for longer, giving you more financial predictability. BPI's 5-year fixed rate of 6.50% p.a. is actually lower than its own 1-year rate of 6.70%, making it an unusually attractive long-term option. Security Bank's 5-year fixed is 6.75% p.a. BDO does not currently publish a 5-year fixed rate. If you value stability and plan to hold the property long-term, consider BPI's 5-year fixed.
How does applying through Nook compare to applying directly to the bank?
Applying through Nook is completely free for borrowers and gives you access to multiple bank offers in one application. Rather than filling out separate forms for BDO, BPI, and Security Bank — and waiting weeks for each response — Nook submits your profile to all three simultaneously and helps you compare real loan offers side by side. Nook earns a referral fee from the bank you choose, so there's no cost to you and no obligation to accept any offer.
Can I refinance my existing home loan through BPI, BDO, or Security Bank via Nook?
Yes. All three banks — BDO, BPI, and Security Bank — offer home loan refinancing as a supported loan purpose, and all three are available through Nook's free mortgage broker service. If you're currently paying 7% or higher on your existing home loan, refinancing to BDO's 6.00% or BPI's 6.50% (5-year fixed) could meaningfully reduce your monthly amortization and total interest paid over the life of the loan.