BPI vs EastWest Bank: Home Loan Rate Comparison (2026)
Both BPI Family Savings Bank and EastWest Bank are Nook partner banks, which means you can apply to either — or both — through Nook at no cost. Below is a direct comparison of their published home loan rates and key terms.
| Fixed Period | BPI Family Savings Bank | EastWest Bank |
|---|---|---|
| 1-Year Fixed | 6.70% p.a. | 5.99% p.a. |
| 3-Year Fixed | N/A | 6.25% p.a. |
| 5-Year Fixed | 6.50% p.a. | 6.49% p.a. |
| 7-Year Fixed | N/A | 7.00% p.a. |
| Home Equity | 6.70% p.a. | 6.25% p.a. |
Interest rates are subject to change. Always verify current rates with your lender or through Nook before applying.
Monthly Payment Comparison: What's the Real Difference?
To make the rate gap concrete, here's how BPI and EastWest Bank compare on monthly amortization for a ₱3,000,000 home loan over 20 years, using each bank's 1-year fixed rate.
| Scenario | BPI (6.70%) | EastWest Bank (5.99%) |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Loan Term | 20 years | 20 years |
| Fixed Period | 1-Year | 1-Year |
| Est. Monthly Payment | ~22,600 | ~21,490 |
| Annual Difference | ~13,300 more with BPI | |
Over the first year of fixed-rate payments alone, a borrower with a ₱3,000,000 loan would pay approximately ₱13,300 more with BPI than with EastWest Bank. On a ₱5,000,000 loan, that gap widens to roughly ₱22,000 per year. These savings compound meaningfully when you refinance into a lower rate — and since Nook's service is completely free to borrowers, there's no broker fee eating into your benefit.
Eligibility & Requirements: How Do They Compare?
| Requirement | BPI Family Savings Bank | EastWest Bank |
|---|---|---|
| Minimum Monthly Income | 40,000 | 40,000 |
| Maximum DTI Ratio | 40% | 40% |
| Typical Approval Time | ~52 days | ~19 days |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Loan Purposes Supported | Purchase, Refinancing, Home Equity, Renovation, Construction, Pre-Selling, RFO, Foreclosed, Reselling | Purchase, Refinancing, Home Equity, Renovation, Construction, Pre-Selling, RFO, Foreclosed, Reselling |
On paper, both banks have identical income thresholds and DTI limits — so eligibility requirements alone won't separate them for most borrowers. The standout difference is approval speed: EastWest Bank's typical 19-day turnaround is significantly faster than BPI's 52-day average. If you're working against a deadline — say, a property transfer or an expiring rate offer — EastWest's faster processing is a real advantage.
Which Bank Is Better for Refinancing?
If you're currently paying 7% or higher on your existing home loan, refinancing with EastWest Bank at 5.99% p.a. could cut your interest cost significantly. For a ₱5,000,000 loan with 15 years remaining, moving from 7.5% to 5.99% translates to savings of over ₱700,000 in total interest over the remaining loan term.
BPI is a competitive option if you're prioritizing a 5-year rate lock — at 6.50%, it's nearly identical to EastWest's 6.49% for the same period, and BPI's established reputation and branch network may be appealing if you value in-person support. However, for borrowers who want the lowest possible rate today, EastWest's 1-year fixed at 5.99% is the clear winner.
For a deeper look at how these two banks compare specifically for refinancing purposes, see our guide on which bank offers better refinancing in the Philippines.
Applying Through Nook: One Application, Two Offers
Through Nook, you can submit a single application and receive offers from both BPI Family Savings Bank and EastWest Bank — without paying a single peso in broker fees. Nook's digital mortgage platform compares live offers from multiple lenders so you don't have to negotiate rates yourself or visit multiple bank branches.
Whether you're buying a new home, refinancing an existing loan, or tapping your home equity, Nook streamlines the process from document submission to bank approval. Both BPI and EastWest Bank support the full range of loan purposes through Nook, including refinancing, purchase of RFO and pre-selling properties, renovation, and home equity loans.
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Compare My Options →Frequently Asked Questions
Which bank has a lower home loan rate — BPI or EastWest Bank?
EastWest Bank currently offers the lower rate, with a 1-year fixed rate of 5.99% p.a. compared to BPI's 1-year fixed rate of 6.70% p.a. For 5-year fixed terms, both banks are nearly identical — EastWest at 6.49% and BPI at 6.50%. Rates are subject to change, so always confirm current offers before applying.
What is the minimum income required for a BPI or EastWest Bank home loan?
Both BPI Family Savings Bank and EastWest Bank require a minimum monthly income of ₱40,000. This applies to employed, self-employed, and OFW borrowers. Your debt-to-income ratio must also not exceed 40% at either bank.
How long does it take to get approved for a home loan at BPI vs EastWest Bank?
EastWest Bank is significantly faster, with a typical approval time of around 19 days. BPI's typical approval timeline is approximately 52 days. If you're working against a deadline, EastWest Bank's faster processing gives it a clear edge.
Can I apply to both BPI and EastWest Bank at the same time?
Yes — and Nook makes this easy. By submitting a single application through Nook, you can receive and compare offers from both BPI Family Savings Bank and EastWest Bank simultaneously. Nook's service is completely free to borrowers, so there's no additional cost to comparing multiple offers.
Does EastWest Bank or BPI offer home equity loans?
Both banks offer home equity loans. EastWest Bank's home equity rate is 6.25% p.a., while BPI's is 6.70% p.a. If you're looking to borrow against the value of a property you already own, EastWest Bank currently offers the more competitive rate for this purpose.
Is it worth refinancing from BPI to EastWest Bank?
It depends on your current rate and remaining loan balance. If you're paying 7% or more on an existing BPI home loan, refinancing to EastWest Bank's 5.99% 1-year fixed rate could save you a substantial amount — often hundreds of thousands of pesos over the remaining term. Use Nook to run a free refinancing calculation and see your actual savings.
What types of properties can I finance with BPI or EastWest Bank?
Both banks support a wide range of property types and loan purposes, including ready-for-occupancy (RFO) homes, pre-selling condos and houses, new construction, foreclosed properties, and resale properties. Both also accommodate refinancing and renovation loans.