BDO vs BPI

BPI vs BDO Home Loan: Quick Comparison at a Glance

Both BPI Family Savings Bank and BDO Unibank are Nook partner banks, meaning you can apply to either — or both — through Nook's free broker service with no fees charged to you. Below is a head-to-head look at their key home loan parameters for 2026.

Note: 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 BPI

To show what the rate difference means in real pesos, here are estimated monthly amortizations for a 20-year loan term across common loan amounts. These figures are for comparison purposes and assume a fixed rate throughout (actual payments will vary after the fixed period ends).

Loan Amount: 3,000,000

Loan Amount: 5,000,000

Loan Amount: 8,000,000

On a 5,000,000 loan, choosing BDO at 6.00% over BPI's 1-year fixed at 6.70% saves you roughly 2,023 per month — that's over 24,000 per year. Over the life of the loan, the difference approaches 485,520. If you're currently paying 8% or more at another bank, both BDO and BPI represent a significant improvement — see our three-way comparison of BDO, BPI, and Metrobank refinance rates to see how they stack up against other major lenders.

BDO Home Loan: Key Details

BDO Unibank is the Philippines' largest bank by assets and one of the most widely used home loan providers in the country. As a Nook partner bank, BDO offers streamlined processing for borrowers who apply through the platform.

• 1-Year Fixed Rate: 6.00% p.a. — among the most competitive rates available through Nook
• Home Equity Rate: 6.00% p.a. — ideal for homeowners who want to unlock equity without refinancing to a higher rate
• Minimum Monthly Income: 50,000 — covers employed professionals, BPO workers, OFWs, seafarers, self-employed, and government employees
• Typical Approval Time: 30 days — the fastest approval timeline among Nook's major partner banks
• Max DTI: 40% — your total monthly debt obligations (including the new loan payment) should not exceed 40% of your gross monthly income
• Loan Purposes: BDO accepts applications for home purchase (RFO, pre-selling, new construction, reselling, foreclosed), refinancing, renovation, and home equity loans

BDO is particularly strong for borrowers who prioritize the lowest available rate and fastest processing. Its 30-day approval turnaround is notably quicker than the industry average, making it a good choice for buyers with tight timelines.

BPI Family Savings Bank Home Loan: Key Details

BPI Family Savings Bank is one of the Philippines' most trusted home loan providers and a long-standing name in retail banking. As a Nook partner bank, BPI's home loan products are available to Nook borrowers with no broker fees.

• 1-Year Fixed Rate: 6.70% p.a.
• 5-Year Fixed Rate: 6.50% p.a. — a standout feature that lets borrowers lock in a competitive rate for five full years, providing greater budget certainty
• Home Equity Rate: 6.70% p.a.
• Minimum Monthly Income: 40,000 — the lowest income threshold among the two banks, making BPI more accessible to a wider range of borrowers
• Typical Approval Time: 52 days — longer than BDO, but still within a reasonable range for most purchase timelines
• Max DTI: 40% — same threshold as BDO
• Loan Purposes: BPI accepts the same range of loan purposes as BDO, including refinancing, purchase, home equity, renovation, and new construction

BPI's 5-year fixed rate option is particularly valuable for borrowers who expect interest rates to rise or who simply want predictable payments for a longer period. While its 1-year rate is higher than BDO's, the 5-year fixed at 6.50% narrows the gap and offers something BDO currently does not. For a deeper look at how refinancing with BPI compares to BDO specifically, see our dedicated BPI vs BDO home loan refinance rates comparison.

Eligibility Requirements: What Both Banks Look For

Both BDO and BPI have broadly similar eligibility criteria. Here's what you'll generally need to qualify:

Common Requirements (Both Banks)

• Filipino citizen or foreign national with valid residency (conditions apply)
• Age: typically 21 to 65 years old at loan maturity
• Stable source of income (employed, self-employed, OFW, or professional)
• Property must be in an eligible location and meet the bank's collateral standards
• Clean credit history (no major delinquencies on record)

Income Requirements

• BDO: Minimum gross monthly income of 50,000
• BPI: Minimum gross monthly income of 40,000

BPI's lower income floor means borrowers earning between 40,000 and 49,999 per month who may not qualify at BDO could still get approved at BPI. This is an important consideration for first-time homebuyers or mid-level employees early in their careers.

Documents Typically Required

• Filled-out application form
• Valid government-issued IDs (2 copies)
• Proof of income (payslips, ITR, COE for employed; audited financial statements for self-employed)
• Property documents (TCT/CCT, tax declaration, vicinity map)
• For OFWs: POEA documents, employment contract, remittance records

When you apply through Nook, your advisor will help you prepare and organize your documents for whichever bank you choose, reducing back-and-forth and improving your chances of smooth approval.

Refinancing with BDO vs BPI

If you already have a home loan — whether with BDO, BPI, or another bank — and you're looking to refinance to a lower rate, both banks accept refinancing applications through Nook.

Here's what refinancing to either bank could save you, assuming a current rate of 8.50% on a 5,000,000 balance with 15 years remaining:

Even refinancing to BPI's 1-year fixed rate of 6.70% saves over 63,000 per year compared to staying at 8.50%. Refinancing to BDO at 6.00% saves even more — nearly 85,000 annually. Both outcomes represent a major improvement for most Filipino homeowners who are still on older, higher-rate loans.

Note: Refinancing involves closing costs including appraisal fees, registration fees, and documentary stamp tax. Your Nook advisor can help you calculate your break-even point to confirm whether refinancing makes financial sense for your situation.

Which Bank Should You Choose?

The right bank depends on your individual circumstances. Here's a simple guide:

Choose BDO if:

• You want the lowest available 1-year fixed rate (6.00%)
• You need fast approval (BDO typically approves in 30 days)
• Your gross monthly income is 50,000 or above
• You're comfortable re-pricing annually and plan to pay down the loan quickly

Choose BPI if:

• You want to lock in a rate for 5 years for better payment predictability
• Your gross monthly income is between 40,000 and 49,999 (BDO may not qualify you)
• You prefer BPI's banking ecosystem or already have accounts there
• You're okay with a longer approval process (around 52 days)

Apply to Both Through Nook

One of the advantages of using Nook is that you don't have to choose upfront. Nook can submit your profile to multiple banks simultaneously and present you with actual offers — then you decide. This is especially useful when you're on the fence between BDO and BPI, since real approval terms (including the actual rate you're offered) can differ from published rates based on your income, property, and credit profile.