BPI vs BDO Home Loan Rates at a Glance
Choosing between BPI and BDO for your home loan or refinance in 2026? Both are Nook partner banks, meaning you can apply to either — or both — through Nook at zero cost. Here's how they stack up side by side.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% | 6.70% |
| 5-Year Fixed Rate | Not published | 6.50% |
| Home Equity Rate | 6.00% | 6.70% |
| Min. Monthly Income | 50,000 | 40,000 |
| Max DTI | 40% | 40% |
| Typical Approval Time | 30 days | 52 days |
| Nook Partner | Yes | Yes |
Note: Interest rates are subject to change. Always verify current rates with the bank or through Nook before making a decision.
Interest Rate Comparison: How Much Can You Actually Save?
The 0.70 percentage point difference between BDO's 6.00% and BPI's 6.70% may sound small, but over the life of a typical home loan it adds up significantly. Here's what that difference looks like on a 3,000,000 peso loan over 20 years:
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Difference |
|---|---|---|---|
| 2,000,000 | ~14,321/mo | ~15,102/mo | ~781/mo |
| 3,000,000 | ~21,482/mo | ~22,653/mo | ~1,171/mo |
| 5,000,000 | ~35,803/mo | ~37,755/mo | ~1,952/mo |
On a 3,000,000 loan, choosing BDO over BPI could save you approximately 1,171 per month — or about 14,052 per year during your fixed-rate period. Over a 5-year fixed term, that's over 70,000 in potential savings before repricing.
If you're currently paying 8% or higher on an existing home loan, both BDO and BPI offer meaningful relief. Most Filipino homeowners are still paying between 7% and 10% on older loans, so refinancing to either bank through Nook could unlock significant monthly savings. You can explore how these two banks compare specifically for refinancing in our BDO vs BPI home loan refinance rates comparison.
Eligibility: Who Qualifies for Each Bank?
Both BDO and BPI accept a wide range of borrower profiles, including salaried employees, government workers, BPO employees, OFWs, seafarers, self-employed professionals, and business owners. Here's how their eligibility criteria compare:
| Criterion | BDO | BPI |
|---|---|---|
| Minimum Monthly Income | 50,000 | 40,000 |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Maximum Debt-to-Income Ratio | 40% | 40% |
BPI's lower income threshold of 40,000 per month makes it more accessible for borrowers who are just above the typical floor. If your monthly income is between 40,000 and 49,999, BPI may be your only option between the two. Above 50,000, you qualify for both — and BDO's lower rate becomes the stronger financial argument.
Approval Speed: How Long Will You Wait?
BDO's typical approval timeline is 30 days, compared to BPI's 52 days. That's a difference of over three weeks — which matters if you're racing against a property reservation deadline, trying to close a resale deal, or need to lock in a rate before it changes.
For refinancing, timeline is slightly less urgent since your existing loan continues until the new one takes over. But for a purchase or pre-selling property, BDO's faster processing gives you a practical advantage.
Loan Purposes: What Can You Use Each Loan For?
Both banks cover the full range of common home loan purposes. Here's a quick breakdown:
| Loan Purpose | BDO | BPI |
|---|---|---|
| Refinancing | Yes | Yes |
| Home Equity / Cash-Out | Yes | Yes |
| Ready For Occupancy (RFO) | Yes | Yes |
| Pre-Selling | Yes | Yes |
| New Construction | Yes | Yes |
| Renovation | Yes | Yes |
| Reselling | Yes | Yes |
| Foreclosed Property | Yes | Yes |
In terms of eligible purposes, the two banks are functionally identical. Whether you're refinancing an existing loan, pulling out equity, or buying a new property, both BDO and BPI can accommodate your needs.
BPI's 5-Year Fixed Rate: A Hidden Advantage?
One area where BPI stands out is its published 5-year fixed rate of 6.50% — actually lower than its 1-year fixed rate of 6.70%. This gives borrowers who want longer rate certainty an attractive option. Locking in at 6.50% for five years means your monthly payment stays predictable even as market rates move.
BDO does not currently publish a 5-year fixed rate through Nook. If long-term rate stability is your top priority and you're deciding between these two banks, BPI's 5-year fixed product deserves serious consideration — especially given that the 6.50% rate is very competitive against current market pricing.
For a deeper look at how these two banks compare across even more metrics and scenarios, see our detailed BDO vs BPI housing loan interest rates comparison.
Why Apply Through Nook Instead of Going Directly?
Nook is the Philippines' first digital mortgage broker, and our service is completely free for borrowers. When you apply through Nook, we submit your application to multiple partner banks simultaneously — including both BDO and BPI — so you can compare actual offers rather than published rates. This means you get real, bank-issued loan proposals side by side without having to visit multiple branches or fill out multiple forms.
There's no obligation to proceed, and using Nook doesn't affect your application with any bank. The best refinance rate currently available through Nook is 5.99% p.a. — lower than either BDO or BPI's standard published rates — so it pays to let Nook shop the full market for you.
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 has a lower interest rate — BPI or BDO?
BDO has the lower 1-year fixed rate at 6.00% compared to BPI's 6.70%. However, BPI offers a 5-year fixed rate of 6.50%, which is lower than its own 1-year rate and worth considering if you want longer payment stability. Rates are subject to change, so it's best to check current offers through Nook.
Can I apply to both BDO and BPI at the same time?
Yes. Through Nook, you can submit a single application that is processed by multiple partner banks, including both BDO and BPI. This lets you compare actual loan offers side by side without applying separately to each bank. Nook's service is 100% free for borrowers.
What is the minimum income requirement for BPI vs BDO home loans?
BPI requires a minimum monthly income of 40,000, while BDO requires 50,000. If your income falls between 40,000 and 49,999, BPI may be the better fit. If you earn 50,000 or more, you qualify for both banks and can compare their offers directly.
How long does BPI vs BDO home loan approval take?
BDO typically approves home loan applications in around 30 days. BPI takes approximately 52 days. If you're working against a tight deadline — such as a property reservation expiry — BDO's faster turnaround may be the deciding factor.
Is it worth refinancing from BPI to BDO, or vice versa?
It depends on your current interest rate. If you're paying 7% or more, refinancing to BDO at 6.00% or even BPI at 6.50% (5-year fixed) could generate significant monthly savings. The best way to evaluate this is to run a comparison through Nook, which will show you actual offers from both banks based on your loan details.
Does BPI or BDO offer home equity loans?
Both BPI and BDO offer home equity loans (also called cash-out refinancing). BDO's home equity rate is 6.00% and BPI's is 6.70%. If you're looking to unlock the equity in your property for renovation, investment, or other expenses, both banks are viable options — and you can apply to both through Nook for free.
What types of borrowers do BPI and BDO accept?
Both banks accept a wide range of employment types, including private-sector employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and licensed professionals. The main difference is the income floor: BPI starts at 40,000 per month and BDO at 50,000 per month.