BPI vs BDO vs Security Bank: 2026 Housing Loan Rates at a Glance
All three banks — BPI Family Savings Bank, BDO Unibank, and Security Bank — are Nook partner banks, meaning you can apply to any or all of them through Nook's free broker service and let Nook handle the paperwork. The table below shows the key rates and terms side by side.
| Feature | BDO Unibank | BPI Family Savings Bank | Security Bank |
|---|---|---|---|
| 1-Year Fixed Rate | 6.00% | 6.70% | 6.99% |
| 5-Year Fixed Rate | N/A | 6.50% | 6.75% |
| Home Equity Rate | 6.00% | 6.70% | 7.50% |
| Min. Monthly Income | 50,000 | 40,000 | 50,000 |
| Max DTI Ratio | 40% | 40% | 40% |
| Typical Approval Time | 30 days | 52 days | 23 days |
| Refinancing Available | Yes | Yes | Yes |
| OFW/Seafarer Eligible | Yes | Yes | Yes |
| Freelancer Eligible | No | No | Yes |
Interest rates are subject to change. Always verify current rates directly with the bank or through Nook before making a decision.
Monthly Payment Comparison: How Much Will You Actually Pay?
Rates are only meaningful when you translate them into actual monthly payments. Below we've calculated estimated monthly amortizations for a 3,000,000 home loan on a 20-year term across all three banks. These figures use standard amortization math based on the 1-year fixed rates published above.
| Bank | Rate Used | Loan Amount | Term | Est. Monthly Payment | Total Interest Paid |
|---|---|---|---|---|---|
| BDO Unibank | 6.00% | 3,000,000 | 20 years | 21,494 | 2,158,560 |
| BPI Family Savings Bank | 6.70% | 3,000,000 | 20 years | 22,733 | 2,455,920 |
| Security Bank | 6.99% | 3,000,000 | 20 years | 23,254 | 2,580,960 |
At a 3,000,000 loan, choosing BDO over BPI saves you roughly 1,239 per month — or about 297,360 over 20 years. Choosing BDO over Security Bank saves approximately 1,760 per month, or over 422,400 across the full term. That's money that stays in your pocket. Want to run the numbers for your exact loan amount? Try our housing loan calculator to compare BPI, BDO, and Security Bank side by side.
Monthly payment estimates are for illustration only. Actual payments depend on your approved rate, fees, and loan structure. Rates shown are 1-year fixed and will reprice after the fixed period ends.
BPI Housing Loan Rates: Full Breakdown
BPI Family Savings Bank is one of the most trusted home loan lenders in the Philippines, and for good reason. Their rates are competitive, and their minimum income threshold of 40,000 per month makes them accessible to a broader range of Filipino families compared to BDO and Security Bank (both of which require 50,000).
- 1-Year Fixed Rate: 6.70% p.a.
- 5-Year Fixed Rate: 6.50% p.a. — notably, the 5-year rate is lower than the 1-year rate, which is unusual and worth taking advantage of if you want rate stability over a longer period
- Home Equity Rate: 6.70% p.a.
- Minimum Monthly Income: 40,000
- Maximum DTI: 40%
- Typical Approval Time: 52 days
- Eligible Borrowers: Private employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals
- Loan Purposes Covered: Refinancing, home equity, new construction, pre-selling, RFO, renovation, reselling, and foreclosed properties
BPI's longer approval timeline (52 days) is the main trade-off. If you're not in a rush, this is manageable. But if speed is a priority — say, you're trying to lock in a rate before your current fixed period expires — Security Bank's 23-day turnaround may serve you better.
For a deeper dive into how BPI stacks up directly against BDO on refinancing specifically, see our guide on BDO vs BPI home loan refinance rates.
BDO Housing Loan Rates: Full Breakdown
BDO Unibank offers the lowest 1-year fixed rate among the three banks at 6.00% p.a. — making it the strongest option purely on rate. It's the same rate whether you're refinancing, taking out a home equity loan, or purchasing a new property.
- 1-Year Fixed Rate: 6.00% p.a.
- Home Equity Rate: 6.00% p.a.
- 5-Year Fixed Rate: Not currently offered
- Minimum Monthly Income: 50,000
- Maximum DTI: 40%
- Typical Approval Time: 30 days
- Eligible Borrowers: Private employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals
- Loan Purposes Covered: Refinancing, home equity, new construction, pre-selling, RFO, renovation, reselling, and foreclosed properties
The key limitation with BDO is the 50,000 minimum monthly income requirement and the absence of a 5-year fixed option. If you want to lock in a rate for five years without repricing risk, you'll need to look at BPI (6.50%) or Security Bank (6.75%) instead. BDO is also not listed as accepting freelancers, whereas Security Bank explicitly does.
Security Bank Housing Loan Rates: Full Breakdown
Security Bank may have the highest 1-year fixed rate of the three at 6.99%, but it brings real advantages to the table — specifically for borrowers who value fast processing and for freelancers who are often turned away by other lenders.
- 1-Year Fixed Rate: 6.99% p.a.
- 5-Year Fixed Rate: 6.75% p.a.
- Home Equity Rate: 7.50% p.a.
- Minimum Monthly Income: 50,000
- Maximum DTI: 40%
- Typical Approval Time: 23 days — fastest of the three
- Eligible Borrowers: Private employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, licensed professionals, and freelancers
- Loan Purposes Covered: Refinancing, home equity, new construction, pre-selling, RFO, renovation, reselling, and foreclosed properties
Security Bank's home equity rate of 7.50% is noticeably higher than BDO's 6.00% and BPI's 6.70%, so if a home equity loan is your goal, Security Bank is not the most cost-efficient choice. However, if you need approval in under a month and you're a freelancer or independent professional, Security Bank may be your best — or only — option among these three.
Who Should Choose Which Bank?
Choose BDO if…
- You want the lowest possible 1-year fixed rate (6.00%)
- Your household income is 50,000 per month or more
- You're refinancing an existing home loan
- You're comfortable with rate repricing after 1 year
- You want a well-rounded bank that covers all major loan purposes
Choose BPI if…
- Your monthly income is between 40,000 and 49,999 (below BDO and Security Bank's minimum)
- You want a 5-year fixed rate and value longer rate certainty
- You're not in a rush and can wait up to 52 days for approval
- You're refinancing, buying RFO, or doing a renovation loan
Choose Security Bank if…
- You need the fastest approval — 23 days on average
- You are a freelancer or independent contractor
- You want a 5-year fixed rate and BPI's timeline doesn't work for you
- Speed matters more than getting the absolute lowest rate
Not sure which bank fits your situation? Nook applies to multiple banks simultaneously on your behalf — for free. You get competing offers and choose the best one. See how these three banks compare across even more metrics in our full BPI vs BDO vs Security Bank housing loan rate comparison for 2026.
What About Refinancing? Can You Switch Banks to Get a Lower Rate?
Yes — and this is one of the most impactful financial moves a Filipino homeowner can make. If you're currently paying 8%, 9%, or even 10% on your existing home loan (common for loans taken out 3-7 years ago), refinancing to BDO's 6.00% could save you tens of thousands of pesos per year.
Here's a quick illustration. If you have an outstanding balance of 2,500,000 with 15 years remaining:
| Scenario | Rate | Monthly Payment | Total Remaining Interest |
|---|---|---|---|
| Current loan (typical) | 9.00% | 25,357 | 2,064,260 |
| Refinance to BDO | 6.00% | 21,112 | 1,300,160 |
| Refinance to BPI | 6.70% | 21,935 | 1,448,300 |
| Refinance to Security Bank | 6.99% | 22,457 | 1,542,260 |
Refinancing to BDO from a 9% loan on a 2,500,000 balance saves approximately 4,245 per month — over 764,000 across 15 years. Even after accounting for processing fees and legal costs, refinancing typically pays for itself within 12-18 months. Nook's service is completely free to borrowers — we're compensated by the banks, not you.
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Compare My Options →Frequently Asked Questions
What is BPI's current housing loan interest rate in 2026?
BPI Family Savings Bank's current 1-year fixed housing loan rate is 6.70% p.a. They also offer a 5-year fixed rate of 6.50% p.a. and a home equity rate of 6.70% p.a. Note that these rates are subject to change — always verify the latest rates with BPI directly or through Nook before applying.
Is BPI or BDO cheaper for a housing loan?
BDO is cheaper on the 1-year fixed rate, offering 6.00% versus BPI's 6.70%. On a 3,000,000 loan over 20 years, that difference works out to roughly 1,239 less per month with BDO. However, if your income is below 50,000 per month, BPI may be the better option since they accept applicants earning as low as 40,000 — a threshold BDO does not match.
Does BPI offer a 5-year fixed rate for home loans?
Yes. BPI offers a 5-year fixed rate of 6.50% p.a., which is actually lower than their 1-year fixed rate of 6.70%. This makes the 5-year option particularly attractive for borrowers who want rate stability without paying a premium for it. BDO does not currently offer a 5-year fixed period; Security Bank offers one at 6.75%.
How long does BPI take to approve a housing loan?
BPI Family Savings Bank typically takes around 52 days to approve a housing loan — the longest of the three banks compared here. BDO typically takes 30 days, while Security Bank is the fastest at approximately 23 days. If approval speed is critical for your situation, Security Bank may be the better fit.
Can I apply for a BPI housing loan if I earn less than 50,000 per month?
Yes. BPI Family Savings Bank accepts applicants with a minimum monthly income of 40,000 — lower than both BDO and Security Bank, which both require at least 50,000 per month. This makes BPI the most accessible of the three for borrowers with more modest incomes.
Which bank has the fastest housing loan approval in the Philippines?
Among BPI, BDO, and Security Bank, Security Bank has the fastest typical approval time at approximately 23 days. BDO follows at around 30 days, with BPI at approximately 52 days. When you apply through Nook, our team helps you complete your documents correctly the first time, which can reduce delays regardless of which bank you choose.
Can freelancers apply for a housing loan at BPI or BDO?
Neither BPI nor BDO currently lists freelancers as an eligible employment type for their housing loans. If you are a freelancer or independent contractor, Security Bank is the only one of these three banks that explicitly accepts freelancer applicants. If you're unsure whether you qualify, Nook can assess your profile and recommend the best-fit bank before you formally apply.
Is it worth refinancing my BPI home loan to BDO or Security Bank?
It depends on your current interest rate. If you're paying 8% or more on your existing BPI loan, refinancing to BDO at 6.00% could save you several thousand pesos per month. On a 2,500,000 balance with 15 years remaining, the switch from 9% to 6.00% saves roughly 4,245 per month. Nook can run a free refinancing analysis for your specific loan to tell you exactly how much you'd save and how long it takes to break even on the transition costs.
Does Nook charge a fee to compare BPI, BDO, and Security Bank home loans?
No. Nook's service is completely free for borrowers. Nook is compensated by the banks, not by you. You get access to all three banks through a single application, receive competing offers, and choose the best one — with zero broker fees charged to you at any point.