BPI vs BDO vs Security Bank: Home Loan Rate Comparison at a Glance
All three banks below are Nook partner banks, meaning you can apply to any or all of them through Nook's free digital broker service — with no fees charged to you as the borrower. Rates shown are verified as of 2026 and are subject to change; always confirm current rates before proceeding.
| Feature | BDO Unibank | BPI Family Savings Bank | Security Bank |
|---|---|---|---|
| 1-Year Fixed Rate | 6.00% p.a. | 6.70% p.a. | 6.99% p.a. |
| 3-Year Fixed Rate | — | — | 7.25% p.a. |
| 5-Year Fixed Rate | — | 6.50% p.a. | 7.75% p.a. |
| Home Equity Rate | 6.00% p.a. | 6.70% p.a. | 7.50% p.a. |
| Min. Monthly Income | P50,000 | P40,000 | P50,000 |
| Max DTI Ratio | 40% | 40% | 40% |
| Typical Approval Time | ~30 days | ~52 days | ~23 days |
| Refinancing Available | Yes | Yes | Yes |
| OFW/Seafarer Eligible | Yes | Yes | Yes |
| Self-Employed Eligible | Yes | Yes | Yes |
| Freelancer Eligible | No | No | Yes |
Note: Interest rates are subject to change without prior notice. Verify current rates with Nook or directly with the bank before making a decision.
Monthly Repayment Comparison: Which Bank Saves You the Most?
To make this comparison concrete, here's how monthly repayments differ across all three banks for a P3,000,000 home loan over 20 years. This is a representative scenario for a mid-range property refinance in Metro Manila or key provincial cities.
| Bank | Rate | Loan Amount | Term | Est. Monthly Payment | Total Interest Paid |
|---|---|---|---|---|---|
| BDO Unibank | 6.00% p.a. | P3,000,000 | 20 years | P21,486 | P2,156,640 |
| BPI Family Savings Bank (1-yr) | 6.70% p.a. | P3,000,000 | 20 years | P22,681 | P2,443,440 |
| BPI Family Savings Bank (5-yr) | 6.50% p.a. | P3,000,000 | 20 years | P22,345 | P2,362,800 |
| Security Bank (1-yr) | 6.99% p.a. | P3,000,000 | 20 years | P23,242 | P2,578,080 |
Choosing BDO's 1-year fixed rate over Security Bank's 1-year fixed rate saves you approximately P421,440 in total interest over the life of the same loan — a significant difference worth investigating. For a deeper dive into how these three banks compare on housing loan products specifically, see our complete housing loan rate comparison for BPI, BDO, and Security Bank in 2026.
Note: Monthly payment figures are estimates based on a flat amortization model for illustrative purposes. Actual payments will vary based on the bank's specific computation method, fees, and prevailing rate at the time of application.
BDO Home Loan: Best for Lowest 1-Year Fixed Rate
BDO Unibank is the Philippines' largest bank by assets, and its home loan product reflects that scale — competitive rates, broad eligibility, and a solid refinancing track record.
- 1-Year Fixed Rate: 6.00% p.a. — the lowest among all three banks in this comparison
- Home Equity Rate: 6.00% p.a. — equally competitive for borrowers unlocking equity
- Min. Monthly Income: P50,000 — accessible for salaried employees and professionals
- Employment Types Accepted: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
- Loan Purposes: Refinancing, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling, Foreclosed
- Typical Approval Time: ~30 days
- Max DTI: 40%
Best for: Borrowers who want the most competitive 1-year fixed rate and a full range of loan purposes covered under a single lender.
BPI Family Savings Bank Home Loan: Best for 5-Year Rate Stability
BPI Family Savings Bank is one of the most established thrift banks in the Philippines, known for accessible income thresholds and a comprehensive home loan product lineup — including the only 5-year fixed rate option among the three banks compared here.
- 1-Year Fixed Rate: 6.70% p.a.
- 5-Year Fixed Rate: 6.50% p.a. — uniquely lower than the 1-year option, rewarding borrowers who lock in longer
- Home Equity Rate: 6.70% p.a.
- Min. Monthly Income: P40,000 — the most accessible income requirement in this comparison
- Employment Types Accepted: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional
- Loan Purposes: Refinancing, Home Equity, Foreclosed, New Construction, Pre-Selling, RFO, Renovation, Reselling
- Typical Approval Time: ~52 days
- Max DTI: 40%
Best for: Borrowers earning at least P40,000/month who want a longer rate lock-in period, or those who are self-employed or on non-traditional income arrangements who appreciate BPI's flexible approach.
Security Bank Home Loan: Best for Fast Approval
Security Bank is a strong contender for borrowers who prioritize speed. With a typical approval time of just 23 days, it leads the pack on processing efficiency. However, its rates are the highest among the three banks in this comparison.
- 1-Year Fixed Rate: 6.99% p.a.
- 3-Year Fixed Rate: 7.25% p.a.
- 5-Year Fixed Rate: 7.75% p.a.
- Home Equity Rate: 7.50% p.a.
- Min. Monthly Income: P50,000
- Employment Types Accepted: Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional, Freelancer
- Loan Purposes: Refinancing, Home Equity, Foreclosed, New Construction, Pre-Selling, RFO, Renovation, Reselling
- Typical Approval Time: ~23 days — fastest of all three
- Max DTI: 40%
Best for: Borrowers on a tight timeline who need fast approval, or freelancers who may not qualify at BDO or BPI due to employment type restrictions. Security Bank is the only bank of the three that explicitly accepts freelancers.
Refinancing Scenario: How Much Could You Save Switching Banks?
Many Filipino homeowners are currently paying rates between 7% and 10% on their existing home loans — far above what's available in 2026. Here's how a refinance to BDO's 6.00% rate stacks up against a borrower's existing loan at common legacy rates, assuming a P5,000,000 outstanding balance with 15 years remaining.
| Scenario | Rate | Monthly Payment | Total Remaining Interest |
|---|---|---|---|
| Current loan at 8.50% | 8.50% p.a. | P49,259 | P3,866,620 |
| Refinance to BDO at 6.00% | 6.00% p.a. | P42,193 | P2,594,740 |
| Refinance to BPI (5-yr) at 6.50% | 6.50% p.a. | P43,563 | P2,841,340 |
| Refinance to Security Bank at 6.99% | 6.99% p.a. | P44,964 | P3,093,520 |
A borrower refinancing from 8.50% to BDO's 6.00% rate could save approximately P7,066 per month and over P1,271,880 in total interest over the remaining 15-year term. Even moving to Security Bank's 6.99% rate from 8.50% yields meaningful savings. If you're unsure where to start, our full Philippine bank comparison for 2026 covers more lenders including Metrobank, RCBC, and Pag-IBIG.
Note: All figures above are illustrative estimates. Actual savings will depend on your outstanding balance, remaining term, applicable fees, and the bank's current rate at time of application.
Eligibility Summary: Who Qualifies at Each Bank?
Before choosing a bank, confirm you meet basic eligibility requirements. Here's a quick guide:
| Requirement | BDO | BPI | Security Bank |
|---|---|---|---|
| Min. Monthly Income | P50,000 | P40,000 | P50,000 |
| Salaried (Private) | ✓ | ✓ | ✓ |
| Government Employee | ✓ | ✓ | ✓ |
| BPO Employee | ✓ | ✓ | ✓ |
| OFW / Seafarer | ✓ | ✓ | ✓ |
| Self-Employed | ✓ | ✓ | ✓ |
| Professional | ✓ | ✓ | ✓ |
| Freelancer | ✗ | ✗ | ✓ |
Why Apply Through Nook Instead of Going Directly to the Bank?
Nook is the Philippines' first digital mortgage broker — and our service is completely free to borrowers. Here's what you get when you apply through Nook versus walking into a bank branch on your own:
- Compare all three banks in one place — no need to fill out multiple applications at different branches
- Free eligibility check — know which banks are likely to approve you before you formally apply
- No broker fees — Nook is paid by the banks, not by you
- Dedicated home loan specialist — a real person who knows the nuances of BDO, BPI, and Security Bank processing requirements
- Faster coordination — Nook manages follow-ups and document requirements across lenders so you don't have to
Whether you're refinancing an existing home loan, buying a new property, or unlocking equity, Nook gives you access to all three banks — and more — from a single application.
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Compare My Options →Frequently Asked Questions
Which bank has the lowest home loan rate among BPI, BDO, and Security Bank in 2026?
BDO Unibank currently offers the lowest 1-year fixed rate at 6.00% p.a. BPI Family Savings Bank offers the best longer-term fixed rate at 6.50% p.a. for a 5-year fixed period. Security Bank has the highest rates of the three, starting at 6.99% p.a. for 1-year fixed, but it compensates with the fastest approval time of approximately 23 days.
What is the minimum income required to apply for a home loan at BPI, BDO, or Security Bank?
BPI Family Savings Bank has the lowest minimum monthly income requirement at P40,000, making it the most accessible of the three. Both BDO Unibank and Security Bank require a minimum monthly income of P50,000. All three banks accept a range of employment types including salaried employees, self-employed individuals, OFWs, and professionals.
Can freelancers apply for a home loan at BPI, BDO, or Security Bank?
Among the three banks, only Security Bank explicitly accepts freelancers as eligible borrowers. BDO and BPI do not list freelancers as an accepted employment type in their current home loan programs. If you are a freelancer, Security Bank is your best option among these three lenders, though you may also want to explore other banks through Nook to find the most competitive rate you qualify for.
Which bank approves home loans fastest — BPI, BDO, or Security Bank?
Security Bank has the fastest typical approval time at approximately 23 days. BDO Unibank typically processes applications in around 30 days. BPI Family Savings Bank has the longest processing timeline at approximately 52 days. These are typical timelines and can vary depending on the completeness of your documents and the complexity of your application.
Can I refinance my existing home loan at BPI, BDO, or Security Bank?
Yes. All three banks — BDO, BPI, and Security Bank — offer home loan refinancing. If you are currently paying a rate above 7%, refinancing through any of these banks could significantly reduce your monthly payment and total interest. Nook can help you compare refinancing offers from all three banks for free and identify which lender is most likely to approve your application and offer the best rate.
Is it better to choose a 1-year or 5-year fixed rate home loan?
It depends on your risk tolerance and financial goals. A 1-year fixed rate means your rate is repriced annually — this works in your favor if rates are falling, but creates uncertainty if rates rise. A 5-year fixed rate locks in your repayment for five years, giving you predictability and protection against rate increases. Notably, BPI's 5-year fixed rate of 6.50% p.a. is actually lower than its 1-year fixed rate of 6.70% p.a., making the longer lock-in an unusually attractive option for BPI borrowers in 2026.
How much can I save by refinancing from 8.5% to BDO's 6.00% rate?
On a P5,000,000 outstanding balance with 15 years remaining, refinancing from 8.50% to BDO's 6.00% rate could reduce your monthly payment by approximately P7,066 — from around P49,259 to P42,193. Over the full remaining term, the total interest savings could exceed P1,271,000. These are illustrative estimates; your actual savings will depend on your specific loan balance, term, and the fees involved in refinancing.
Does Nook charge a fee to compare BPI, BDO, and Security Bank home loans?
No. Nook's service is completely free for borrowers. As the Philippines' first digital mortgage broker, Nook is compensated by the banks — not by you. You can compare home loan offers from BPI, BDO, Security Bank, and other partner lenders through a single application on nook.com.ph without paying any broker fees.