BPI vs EastWest Bank: Interest Rate Comparison (2026)
Both BPI Family Savings Bank and EastWest Bank are Nook partner banks, meaning you can apply to either — or both — through Nook at zero cost to you. Here's how their published home loan rates compare today.
| Fixed Rate Period | BPI Family Savings Bank | EastWest Bank |
|---|---|---|
| 1-Year Fixed | 6.70% p.a. | 5.99% p.a. |
| 3-Year Fixed | Not published | 6.25% p.a. |
| 5-Year Fixed | 6.50% p.a. | 6.49% p.a. |
| 7-Year Fixed | Not published | 7.00% p.a. |
| Home Equity Rate | 6.70% p.a. | 6.25% p.a. |
Note: Interest rates are subject to change. Always verify current rates with the bank or through your Nook mortgage advisor before finalizing your application.
What the Rate Difference Actually Means for Your Wallet
A difference of 0.71 percentage points between BPI's 1-year fixed (6.70%) and EastWest's 1-year fixed (5.99%) may seem small on paper, but on a typical Philippine home loan it translates to real monthly and long-term savings. Here's an illustration using a 20-year loan at two common loan amounts:
| Loan Amount | BPI @ 6.70% (est. monthly) | EastWest @ 5.99% (est. monthly) | Monthly Savings | Annual Savings |
|---|---|---|---|---|
| 3,000,000 | ~22,700 | ~21,500 | ~1,200 | ~14,400 |
| 5,000,000 | ~37,800 | ~35,800 | ~2,000 | ~24,000 |
| 8,000,000 | ~60,500 | ~57,300 | ~3,200 | ~38,400 |
Monthly payment estimates are illustrative, based on a 20-year term at the stated fixed rates. Actual amortization will vary based on your loan structure, repricing terms, and other bank fees. Use these figures as a guide, not a guarantee.
For borrowers currently paying 8% or higher at another bank, both BPI and EastWest represent meaningful refinancing savings. If you're deciding specifically between the two, EastWest's lower 1-year and 5-year fixed rates give it a measurable edge — particularly if you prefer to refix frequently or want the lowest possible starting rate.
Loan Features and Eligibility: BPI vs EastWest
Rates are only part of the picture. Here's how the two banks compare on the practical details that affect whether you'll qualify and how smoothly your application will go.
| Feature | 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 |
| Eligible Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Eligible Loan Purposes | Purchase (RFO, Pre-Selling, New Construction), Refinancing, Home Equity, Renovation, Foreclosed, Reselling | Purchase (RFO, Pre-Selling, New Construction), Refinancing, Home Equity, Renovation, Foreclosed, Reselling |
One area where EastWest Bank stands out clearly is approval speed. At approximately 19 days for typical approval versus BPI's approximately 52 days, EastWest is significantly faster — a meaningful advantage if you're working against a property deal deadline or want to start saving sooner. Both banks accept the same broad range of borrower types and loan purposes, so eligibility-wise most applicants will qualify for either.
Which Borrower Profiles Suit Each Bank?
EastWest Bank may be the better fit if you:
- Want the lowest possible starting interest rate (5.99% on 1-year fixed)
- Are refinancing and want to reduce your monthly repayment quickly
- Need faster loan approval — EastWest's ~19-day timeline is among the fastest available
- Are taking out a home equity loan and want a lower rate (6.25% vs BPI's 6.70%)
- Are comparing a 3-year or 7-year fixed option, which BPI does not currently publish
BPI Family Savings Bank may be the better fit if you:
- Already bank with BPI and want a streamlined application experience
- Prefer a bank with a long-established home loan track record in the Philippines
- Are comfortable with a longer approval timeline in exchange for familiarity
- Are locking in for 5 years (rates are virtually identical at 6.50% vs 6.49%)
You don't have to choose blind. Through Nook, you can submit a single application and have both banks assess your case — then compare actual loan offers before committing. If you're also considering Metrobank, see how BPI compares to Metrobank here.
Refinancing with BPI or EastWest: Is It Worth It?
If you're currently on a home loan with a bank like BDO, Metrobank, Security Bank, or any other lender charging 7.5% or above, refinancing to either BPI or EastWest through Nook could generate significant savings. Even switching from 8% to EastWest's 5.99% on a 5,000,000 loan with 15 years remaining could reduce your monthly payment by over 4,000 pesos and save you more than 700,000 over the remaining loan life.
Nook handles the entire refinancing process for free — from bank matching to document preparation to loan submission. There are no broker fees charged to you as the borrower. The service is 100% free because Nook is paid by the banks, not by you.
For a deeper look at how EastWest and BPI compare specifically for refinancing purposes, see our detailed refinancing comparison of EastWest Bank and BPI.
How to Apply Through Nook
- Submit one application — Nook sends your details to multiple partner banks simultaneously, including BPI and EastWest.
- Receive real loan offers — You get actual indicative terms from each bank, not just rate estimates.
- Compare and choose — Pick the offer that suits you best. No obligation, no pressure.
- Nook guides you to approval — Your Nook advisor assists with documents and follows up with the bank on your behalf.
The entire service costs you nothing. Nook is the Philippines' first digital mortgage broker, and helping you access the best available home loan rate is exactly what we exist to do.
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 home loan rate in 2026 — BPI or EastWest Bank?
EastWest Bank currently offers lower rates across most fixed periods. Its 1-year fixed rate of 5.99% p.a. is significantly lower than BPI Family's 6.70%, and its 5-year fixed rate of 6.49% narrowly edges BPI's 6.50%. For home equity loans, EastWest is also lower at 6.25% versus BPI's 6.70%. Note that rates are subject to change — always verify current rates before applying.
How long does BPI home loan approval take compared to EastWest?
EastWest Bank is considerably faster, with a typical approval timeline of around 19 days. BPI Family Savings Bank typically takes around 52 days. If speed of approval is important to you — for example, if you have a property transaction deadline — EastWest has a clear advantage.
Can I apply to both BPI and EastWest Bank at the same time?
Yes. Through Nook, you can submit a single application and have it assessed by multiple partner banks simultaneously, including both BPI Family Savings Bank and EastWest Bank. This lets you compare real loan offers side by side before making any commitment. The service is completely free for borrowers.
What is the minimum income required to qualify for a home loan at BPI or EastWest Bank?
Both BPI Family Savings Bank and EastWest Bank require a minimum monthly income of 40,000 pesos. Both banks also apply a maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly debt obligations — including the new home loan — should not exceed 40% of your gross monthly income.
Do both BPI and EastWest Bank offer home loan refinancing?
Yes, both banks offer refinancing as an eligible loan purpose. If you currently have a home loan with another bank and want to switch to a lower rate, you can refinance with either BPI or EastWest through Nook. With EastWest's 1-year fixed rate starting at 5.99%, borrowers currently paying 7.5% or above could see substantial monthly savings.
Is Nook's mortgage broker service really free?
Yes, 100% free for borrowers. Nook is compensated by the banks when a loan is successfully facilitated — you pay nothing for Nook's service. This means you get expert mortgage guidance, bank comparison, and application support at zero cost to you.
Does EastWest Bank offer a 3-year fixed home loan rate?
Yes. EastWest Bank offers a 3-year fixed rate of 6.25% p.a., which BPI Family Savings Bank does not currently publish. If you prefer a medium-term fixed rate that balances stability with lower cost, EastWest's 3-year option is worth considering.
What types of borrowers can apply for a home loan at BPI or EastWest Bank?
Both banks accept a wide range of borrower employment types including private employees, government employees, BPO workers, OFWs and seafarers, self-employed individuals, and licensed professionals. Both banks also cover all major loan purposes: purchase of RFO or pre-selling properties, new construction, refinancing, home equity, renovation, and reselling.