BDO vs BPI

BPI vs BDO Home Loan Rates at a Glance (2026)

Both BDO Unibank and BPI Family Savings Bank are among the Philippines' most popular home loan lenders — and both are Nook partner banks, meaning you can apply to either (or both) through Nook's free digital mortgage broker service. Below is a direct side-by-side comparison of their current rates and key loan terms.

Note: Interest rates are subject to change. Always verify the latest rates directly with the bank or through Nook before applying.

Monthly Payment Comparison: BPI vs BDO

To make this concrete, here's how much your monthly amortization would differ between BDO and BPI across common loan amounts, assuming a 20-year term and a 1-year fixed rate repricing period.

Over a full year, the difference on a 5,000,000 loan amounts to approximately 23,160 in savings with BDO's lower 1-year fixed rate. That's significant — especially if you're refinancing an existing loan and trying to reduce your monthly cash outflow. However, if you prefer rate certainty for five years and want to avoid repricing risk, BPI's 5-year fixed rate of 6.50% may be worth the slightly higher starting cost compared to BDO's 1-year rate. For a broader view of how these two banks compare on refinancing specifically, see our BDO vs BPI home loan refinance rates comparison.

BDO Home Loan: Key Strengths

BDO Unibank is the Philippines' largest bank by assets, and its home loan product reflects that scale. Here's where BDO stands out:

• Lowest available rate at 6.00% p.a.: BDO's 1-year fixed rate is currently the most competitive among major Philippine banks. For borrowers who are comfortable repricing annually, this delivers the lowest possible monthly payment.
• Fastest approval time among major banks: BDO typically completes loan approval in around 30 days — significantly faster than BPI's 52-day typical timeline. If you're working toward a property transfer deadline or want to lock in your refinance quickly, BDO's processing speed is a real advantage.
• Wide loan purpose coverage: BDO accepts applications for refinancing, home equity loans, new construction, pre-selling units, RFO properties, renovation, reselling, and foreclosed properties — covering virtually every home financing need.
• Accepts diverse employment types: Private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals are all eligible.

BPI Family Savings Bank: Key Strengths

BPI Family Savings Bank is one of the most established home loan providers in the Philippines, with a track record of transparent pricing and a strong digital banking infrastructure. Here's where BPI has an edge:

• Lower minimum income requirement: BPI accepts applicants with a minimum monthly income of 40,000, compared to BDO's 50,000. This makes BPI more accessible for younger professionals, dual-income couples, or borrowers in mid-range income brackets.
• 5-Year Fixed Rate at 6.50%: BPI offers a 5-year fixed rate option that BDO does not publicly publish. For borrowers who want to eliminate repricing uncertainty for a longer period, BPI's 6.50% 5-year fixed rate is a strong proposition — especially given that market rates could move upward during that window.
• Comprehensive loan purpose coverage: Like BDO, BPI covers the full spectrum of home loan purposes including refinancing, home equity, new construction, pre-selling, RFO, renovation, reselling, and foreclosed properties.
• Same maximum DTI ratio: Both banks share a 40% maximum debt-to-income ratio, so qualifying criteria on that front are equivalent.

BPI vs BDO: Which Is Better for Refinancing?

If you're an existing homeowner looking to refinance your home loan, the rate difference between BDO and BPI becomes even more impactful because it compounds over the remaining life of your loan. Most Filipino homeowners are currently paying rates between 7% and 10% on existing home loans — refinancing to either BDO at 6.00% or BPI at 6.70% could result in substantial monthly savings.

Here's how to think about the choice:

• Choose BDO if: You want the absolute lowest monthly payment, you earn at least 50,000/month, and you're comfortable with annual rate repricing.
• Choose BPI if: Your monthly income is between 40,000 and 50,000, you want a 5-year fixed rate for peace of mind, or you're planning to hold the loan long-term and want predictable payments for the medium term.

For a more detailed breakdown tailored specifically to refinancing scenarios, you can explore our BDO vs BPI vs Metrobank refinance rates comparison which adds a third benchmark to the analysis.

How Nook Helps You Get the Best Rate from Either Bank

Nook is the Philippines' first digital mortgage broker, and both BDO and BPI are Nook partner banks. This means you can submit a single application through Nook and receive loan offers from both banks — without paying any broker fee. Nook's service is 100% free to borrowers.

The best available refinance rate through Nook is currently 5.99% p.a. — lower than the published rates of both BDO and BPI. Nook works with multiple partner banks to find you the most competitive offer based on your specific profile: income, property type, loan amount, and employment type.

The process works like this: you submit your details once on nook.com.ph, Nook's team matches your profile to eligible partner banks, and you receive loan comparison offers — all without the need to visit multiple bank branches or negotiate rates on your own.