BPI vs BDO Housing Loan Rates: Side-by-Side Comparison
Both BDO Unibank and BPI Family Savings Bank are among the Philippines' most trusted home loan providers — and both are Nook partner banks. Here's how their housing loan rates and key terms stack up for 2026.
| Feature | BDO Unibank | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | 6.70% p.a. |
| 5-Year Fixed Rate | Not published | 6.50% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. |
| Min. Monthly Income | 50,000 | 40,000 |
| Max Debt-to-Income Ratio | 40% | 40% |
| Typical Approval Time | 30 days | 52 days |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Loan Purposes | Refinancing, Home Equity, RFO, Reselling, Pre-Selling, New Construction, Renovation, Foreclosed | Refinancing, Home Equity, RFO, Reselling, Pre-Selling, New Construction, Renovation, Foreclosed |
Note: Interest rates are subject to change. Always verify current rates with the bank or through Nook before applying.
Monthly Payment Comparison: How Much Can You Save?
To make the rate difference tangible, here's what your estimated monthly amortization looks like at both banks across common loan amounts, assuming a 20-year term and 1-year fixed rate repricing annually.
| Loan Amount | BDO @ 6.00% | BPI @ 6.70% | Monthly Savings with BDO |
|---|---|---|---|
| 2,000,000 | 14,322 | 15,089 | 767 |
| 3,500,000 | 25,063 | 26,406 | 1,343 |
| 5,000,000 | 35,804 | 37,723 | 1,919 |
| 7,500,000 | 53,706 | 56,584 | 2,878 |
| 10,000,000 | 71,608 | 75,446 | 3,838 |
On a 5,000,000 loan, choosing BDO over BPI at today's published rates saves approximately 1,919 per month — or over 23,000 per year during the fixed-rate period. Over five years, that's more than 115,000 in potential savings, just from picking the lower rate at the same loan amount.
Of course, rates reprice after the fixed period ends, and your actual savings will depend on what rates look like at repricing time. This is exactly why working with a broker like Nook — who can monitor and compare rates on your behalf — adds ongoing value beyond just the initial application.
Eligibility Requirements: Who Can Apply?
Both banks accept a wide range of borrower profiles, which is one reason they're so popular for Philippine housing loans. Here's a closer look at who qualifies.
BDO Unibank Eligibility
- Minimum monthly income: 50,000
- Employment types: Locally employed (private sector or government), BPO workers, OFWs and seafarers, self-employed professionals, and business owners
- Maximum DTI: 40% — your total monthly debt obligations (including the new loan) should not exceed 40% of your gross monthly income
- Loan purposes: Refinancing, home equity, RFO, reselling, pre-selling, new construction, renovation, and foreclosed properties
BPI Family Savings Bank Eligibility
- Minimum monthly income: 40,000 — lower than BDO, making BPI accessible to more borrowers
- Employment types: Same broad range as BDO — private, government, BPO, OFW/seafarer, self-employed, professional
- Maximum DTI: 40%
- Loan purposes: Refinancing, home equity, RFO, reselling, pre-selling, new construction, renovation, and foreclosed properties
If your monthly income is between 40,000 and 49,999, BPI is your viable option of the two. Above 50,000, you're eligible at both banks and the rate comparison becomes the deciding factor.
Loan Purposes: What Can You Use the Loan For?
Both BDO and BPI cover an identical range of loan purposes, giving borrowers full flexibility whether they're buying a brand-new unit, refinancing an existing loan, or unlocking home equity. This parity means your purpose of loan won't typically drive the bank decision — rates and eligibility will.
For homeowners looking specifically to refinance, BDO's 6.00% rate represents a compelling opportunity. Most Filipino homeowners currently pay between 7% and 10% on their existing home loans. Refinancing to 6.00% could generate significant monthly savings. You can explore this further by reading about BDO vs BPI home loan refinance rates in detail.
Processing Time: BDO Is Significantly Faster
BDO's typical approval time of 30 days compares very favorably to BPI's 52 days. That's nearly a month of difference — which matters a lot if you're racing against a property reservation deadline, a seller's timeline, or simply want to start saving on your monthly payments as quickly as possible.
That said, actual processing times vary based on the completeness of your documents, your borrower profile, and bank workload at the time of application. Submitting a complete, well-prepared application through Nook helps minimize delays at both banks.
Applying Through Nook: Get the Best of Both Banks for Free
Because both BDO and BPI are Nook partner banks, you don't have to choose just one to apply to. Through Nook, you can submit your details once and let Nook's mortgage specialists compare live offers from both banks (and other lenders) on your behalf — at zero cost to you.
Nook's service is 100% free for borrowers. Banks pay Nook a referral fee when a loan is successfully arranged, which means you get expert guidance, rate comparison, and application support without paying a single peso in broker fees.
Whether you're buying a new home or looking to refinance your existing loan to today's lower rates, Nook helps you find the best available deal. The lowest rate currently available through Nook is 5.99% p.a. — lower than both BDO and BPI's published 1-year fixed rates. For a comprehensive three-way comparison, you might also want to read the BDO vs BPI vs Metrobank refinance rates comparison.
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Compare My Options →Frequently Asked Questions
Which has a lower housing loan rate — BPI or BDO?
As of 2026, BDO offers the lower 1-year fixed rate at 6.00% p.a., compared to BPI's 6.70% p.a. BPI does offer a 5-year fixed option at 6.50%, which BDO does not publicly advertise. Both rates are subject to change, so verify with Nook or directly with the bank before applying.
What is the minimum income requirement for BDO and BPI housing loans?
BDO requires a minimum monthly income of 50,000, while BPI requires 40,000. If your income is between 40,000 and 49,999, BPI is the viable option of the two. Both banks apply a maximum debt-to-income ratio of 40%.
How long does BPI vs BDO take to approve a housing loan?
BDO typically approves housing loans in around 30 days, while BPI takes approximately 52 days. If speed of approval is important — for example, to meet a property deadline — BDO has a clear advantage. These are typical timelines and can vary depending on document completeness and individual borrower circumstances.
Can I apply to both BDO and BPI at the same time?
Yes. There is no rule preventing you from applying to multiple banks simultaneously. In fact, applying through Nook allows you to compare offers from both BDO and BPI (and other lenders) through a single process, free of charge. This gives you negotiating leverage and helps ensure you get the best available rate.
Does BPI or BDO offer better housing loan terms for OFWs?
Both BDO and BPI accept OFWs and seafarers as eligible borrowers for their housing loan products. The terms are broadly comparable for this employment type. Given BDO's lower rate and faster processing, it may be more favorable — but BPI's lower income threshold could be an advantage for OFWs with more modest documented earnings. Nook can help OFWs navigate both options.
Is there a housing loan rate lower than BDO or BPI available in the Philippines?
Yes. The lowest refinance rate currently available through Nook is 5.99% p.a. — lower than both BDO's 6.00% and BPI's 6.70% published rates. Nook compares offers across multiple partner banks, so you can see all available options before committing. Nook's service is free for borrowers.
What loan purposes do BDO and BPI housing loans cover?
Both banks cover an identical range: refinancing, home equity, ready-for-occupancy (RFO) units, reselling, pre-selling, new construction, renovation, and foreclosed properties. Your purpose of loan will not typically determine which bank to choose — rates and eligibility requirements are usually the deciding factors.
How do I apply for a BDO or BPI housing loan through Nook?
Visit nook.com.ph and complete a short eligibility form. Nook's mortgage specialists will then compare available offers from BDO, BPI, and other partner banks based on your profile, and guide you through the full application process at no cost to you. There are no broker fees charged to borrowers.