BPI vs BDO Housing Loan Rates 2026: At a Glance
Both BDO Unibank and BPI Family Savings Bank are Nook partner banks, meaning you can apply to either — or both — through Nook at no cost. The table below shows their verified 2026 housing loan rates and key eligibility details. Note that interest rates are subject to change; always verify the latest rates with the bank or through Nook before finalising your application.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | 6.70% p.a. |
| 5-Year Fixed Rate | Not listed | 6.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. |
| Min. Monthly Income | P50,000 | P40,000 |
| Max Debt-to-Income Ratio | 40% | 40% |
| Typical Approval Time | ~30 days | ~52 days |
| Loan Purposes Covered | RFO, Pre-Selling, New Construction, Reselling, Foreclosed, Renovation, Refinancing, Home Equity | RFO, Pre-Selling, New Construction, Reselling, Foreclosed, Renovation, Refinancing, Home Equity |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
Monthly Payment Comparison: Who Saves You More?
To make the rate difference concrete, here's how monthly amortisations compare across common loan amounts on a 20-year term using each bank's 1-year fixed rate. These figures are indicative and based on principal-and-interest calculations.
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| P2,000,000 | P14,328 | P15,089 | P761 |
| P3,500,000 | P25,075 | P26,406 | P1,331 |
| P5,000,000 | P35,822 | P37,723 | P1,901 |
| P7,500,000 | P53,732 | P56,585 | P2,853 |
| P10,000,000 | P71,643 | P75,447 | P3,804 |
On a P5,000,000 loan over 20 years, choosing BDO over BPI at current rates saves you roughly P1,901 every month — or over P22,800 per year during the fixed-rate period. If you're already paying a higher rate with another bank, see our BDO vs BPI vs Metrobank refinance rates comparison to understand how much more you could save by refinancing.
BDO Housing Loan: Key Strengths in 2026
- Lowest available rate: At 6.00% p.a. for the 1-year fixed period, BDO currently offers the most competitive rate of the two banks — and one of the lowest in the market.
- Faster approval: BDO's typical approval timeline of around 30 days is nearly half of BPI's, which matters if you're racing a seller's deadline or developer reservation period.
- Broad loan purpose coverage: BDO accepts applications for everything from pre-selling condos and new construction to refinancing and home equity loans.
- OFW and self-employed friendly: BDO explicitly accepts OFW/seafarer and self-employed borrowers, making it a strong option for non-traditional income earners.
- Same home equity rate: BDO's home equity rate matches its purchase rate at 6.00%, so existing homeowners tapping equity get the same competitive pricing.
BPI Family Savings Bank Housing Loan: Key Strengths in 2026
- Lower income threshold: With a minimum monthly income requirement of P40,000 versus BDO's P50,000, BPI opens its doors to a wider range of Filipino borrowers — particularly those in mid-level roles or younger professionals.
- 5-year fixed option: BPI offers a 5-year fixed rate of 6.50% p.a., giving borrowers who prefer longer rate certainty a meaningful option. BDO does not currently list a comparable 5-year fixed product through Nook.
- Established brand trust: BPI Family Savings Bank is one of the most recognised names in Philippine retail banking, and many borrowers feel confident with the stability of a BPI-backed mortgage.
- Full loan purpose range: Like BDO, BPI covers the full spectrum of home loan purposes including refinancing, renovation, pre-selling, and home equity.
If you're comparing BPI and BDO specifically for a refinance, our dedicated guide on BPI vs BDO home loan refinance rates goes deeper into how each bank treats existing mortgage transfers.
Who Should Choose BDO?
BDO is the stronger pick if:
- You have a monthly income of at least P50,000 and want the lowest possible rate right now.
- You need fast approval — for instance, if you're buying a resale property and the seller has a tight timeline.
- You're an OFW, seafarer, or self-employed professional who wants a bank with proven processes for non-salaried borrowers.
- You're refinancing your existing home loan and want to maximise monthly savings from day one.
Who Should Choose BPI?
BPI Family Savings Bank is the stronger pick if:
- Your monthly income is between P40,000 and P49,999 — BPI may qualify you while BDO may not.
- You want the security of a 5-year fixed rate (6.50% p.a.) so your monthly payment doesn't change for five years.
- You already bank with BPI and prefer a seamless experience with an institution that knows your financial history.
- You're comfortable with a longer approval process in exchange for the 5-year rate lock.
Why Not Apply to Both? (It's Free Through Nook)
Here's the thing most borrowers don't realise: you don't have to choose just one bank upfront. Nook is the Philippines' first digital mortgage broker, and the service is completely free to borrowers. When you apply through Nook, we assess your profile against both BDO, BPI, and all our other partner banks simultaneously — then surface the options that actually match your income, employment type, and property details. There's no guessing, no back-and-forth with multiple bank branches, and no broker fee on your end. The bank pays Nook, not you.
Not sure which bank suits you?
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Compare My Options →Frequently Asked Questions
What is the current BDO housing loan interest rate in 2026?
BDO Unibank's current 1-year fixed housing loan rate through Nook is 6.00% p.a. This applies to both purchase loans and home equity loans. Note that rates are subject to change, so always confirm the latest rate when you apply.
What is the current BPI housing loan interest rate in 2026?
BPI Family Savings Bank's current rates through Nook are 6.70% p.a. for the 1-year fixed period and 6.50% p.a. for the 5-year fixed period. Home equity loans are also priced at 6.70% p.a. Rates are subject to change.
Which bank has a lower housing loan rate — BPI or BDO?
BDO currently has the lower 1-year fixed rate at 6.00% p.a. compared to BPI's 6.70% p.a. However, BPI offers a 5-year fixed rate of 6.50% p.a. which BDO does not currently list, making BPI more competitive for borrowers who prioritise longer rate stability.
What is the minimum income requirement for a BDO housing loan?
BDO requires a minimum monthly income of P50,000. This applies to most employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals.
What is the minimum income requirement for a BPI housing loan?
BPI Family Savings Bank requires a minimum monthly income of P40,000 — lower than BDO's threshold. This makes BPI accessible to a broader range of Filipino borrowers, particularly those earlier in their careers or in mid-level roles.
How long does BDO take to approve a housing loan?
BDO's typical approval timeline is around 30 days from complete document submission. This is significantly faster than BPI's typical approval time of approximately 52 days, making BDO a better fit when speed matters.
How long does BPI take to approve a housing loan?
BPI Family Savings Bank typically takes around 52 days to approve a housing loan from complete document submission. While this is longer than BDO, BPI's process is well-structured and borrowers benefit from working with one of the country's most established home loan providers.
Can I apply to both BDO and BPI at the same time?
Yes — and it's the smartest way to shop for a home loan. Through Nook, you can submit one application and have it assessed against multiple partner banks including both BDO and BPI simultaneously. The service is 100% free to borrowers, and you're under no obligation to accept any offer.
Do both BPI and BDO accept OFW and self-employed applicants?
Yes. Both BDO and BPI accept housing loan applications from OFWs, seafarers, and self-employed individuals, along with private employees, government workers, BPO employees, and professionals. Requirements may vary slightly by employment type, so it's best to check with Nook to confirm eligibility for your specific situation.
Can I refinance my existing home loan to BDO or BPI through Nook?
Yes. Both BDO and BPI accept refinancing applications through Nook, and refinancing is one of the most common use cases. If you're currently paying a rate above 6.00%, refinancing to BDO could reduce your monthly payment significantly. Nook's service is free, so you can find out your potential savings with no upfront cost.