BPI vs Maya Bank Home Loan: Quick Overview
When comparing BPI and Maya Bank for a home loan in the Philippines, it's important to set the right expectations upfront. BPI (Bank of the Philippine Islands) — through its BPI Family Savings Bank arm — is one of the country's most trusted mortgage lenders, with a full suite of home loan products for purchase, refinancing, renovation, and home equity. Maya Bank, formerly PayMaya's banking entity, is a licensed digital bank in the Philippines focused primarily on savings accounts, personal loans, and digital financial services. As of the date of this comparison, Maya Bank does not offer a publicly listed home loan or mortgage product.
This means if you're searching for a home loan or looking to refinance your existing mortgage, BPI is the practical and proven choice between these two institutions. Below, we break down what BPI offers and what homeowners should expect.
Note: Interest rates and product availability are subject to change. Always verify current rates directly with the bank or through Nook before making a decision.
BPI Home Loan Rates and Key Details
| Feature | BPI (via Nook) | Maya Bank |
|---|---|---|
| 1-Year Fixed Rate | 6.70% p.a. | Not available |
| 5-Year Fixed Rate | 6.50% p.a. | Not available |
| Home Equity Rate | 6.70% p.a. | Not available |
| Minimum Monthly Income | 40,000 | N/A |
| Typical Approval Time | 52 days | N/A |
| Maximum Debt-to-Income Ratio | 40% | N/A |
| Loan Purposes Supported | Purchase, Refinancing, Renovation, Home Equity, New Construction, Pre-Selling, RFO, Foreclosed | N/A |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | N/A |
| Broker Fee via Nook | Free | N/A |
How Much Could You Save by Refinancing to BPI?
If you're currently paying a higher rate on your existing home loan — whether with another bank or a developer in-house financing arrangement — refinancing to BPI through Nook could deliver real monthly savings. Here are illustrative examples based on moving from a 9% rate to BPI's 5-year fixed rate of 6.50%:
| Loan Balance | Monthly Payment at 9.00% | Monthly Payment at 6.50% (BPI) | Monthly Savings |
|---|---|---|---|
| 2,000,000 | ~18,000 | ~15,200 | ~2,800 |
| 4,000,000 | ~36,000 | ~30,400 | ~5,600 |
| 6,000,000 | ~54,000 | ~45,600 | ~8,400 |
Figures are approximate and based on a 20-year remaining term for illustration purposes only. Actual savings will depend on your specific loan balance, remaining term, and applicable fees. Use Nook's free calculator to get a personalised estimate.
Why BPI Is a Top Choice for Refinancing
BPI Family Savings Bank is a Nook partner bank, which means borrowers who apply through Nook benefit from streamlined processing, professional guidance, and zero broker fees. Key advantages include:
- Competitive fixed rates: A 5-year fixed rate of 6.50% p.a. is among the most competitive available in the Philippine market today.
- Broad borrower eligibility: BPI accepts a wide range of employment types including OFWs, seafarers, self-employed professionals, BPO workers, and government employees.
- Multiple loan purposes: Whether you want to refinance, access home equity, fund a renovation, or buy a new property, BPI has a product for you.
- Established track record: As one of the Philippines' oldest and largest banks, BPI brings reliability, branch network access, and institutional credibility.
If you're also evaluating BPI against other lenders, you may find these comparisons helpful: BPI vs Chinabank home loan rates or BPI vs Maybank Philippines home loan rates.
What Is Maya Bank? Can You Get a Home Loan There?
Maya Bank is the digital banking arm of Maya Philippines (formerly PayMaya), one of the country's leading fintech companies. Maya Bank holds a full digital banking license from the Bangko Sentral ng Pilipinas (BSP) and offers savings accounts with high interest rates, personal loans, and other digital financial products to its existing user base.
However, Maya Bank does not currently offer a home loan or mortgage product. If you arrived at this page hoping to compare mortgage rates between the two, the honest answer is that BPI is the only option here for housing finance. It's worth checking Maya Bank's website directly in the future, as digital banks in the Philippines are rapidly expanding their product offerings — but as of now, for home loans, BPI is your choice.
Applying Through Nook: Free, Fast, and Unbiased
Nook is the Philippines' first digital mortgage broker. We work with multiple partner banks — including BPI — to help homeowners find the best refinance rate for their situation. Our service is 100% free to borrowers. We are compensated by the banks, never by you.
Here's how it works:
- Tell us about your property and current loan
- We compare rates across our panel of lenders
- We match you with the best offer and handle the paperwork
- You save money — without paying a single peso in broker fees
The best refinance rate currently available through Nook is 5.99% p.a. Most Filipino homeowners are still paying between 7% and 10%. If that sounds like you, there's a good chance refinancing through Nook could save you thousands of pesos every month.
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Compare My Options →Frequently Asked Questions
Does Maya Bank offer a home loan in the Philippines?
As of this writing, Maya Bank does not offer a publicly available home loan or mortgage product. Maya Bank is a digital bank focused on savings accounts, personal loans, and digital payments. For home loans, you would need to approach a traditional bank like BPI, BDO, Metrobank, or other lenders with established mortgage programs.
What are BPI's current home loan interest rates?
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. Home equity loans are available at 6.70% p.a. These rates are subject to change, so always verify the latest rates through Nook or directly with BPI before applying.
Can I refinance my home loan to BPI through Nook?
Yes. BPI is a Nook partner bank, which means you can apply for a refinance through Nook completely free of charge. Nook handles the comparison, application, and coordination on your behalf — you just provide your documents and we do the rest. There are no broker fees payable by the borrower.
Who is eligible for a BPI home loan?
BPI Family Savings Bank accepts a broad range of borrowers including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals. The minimum monthly income requirement is 40,000 pesos, and your debt-to-income ratio must not exceed 40%.
How long does BPI home loan approval take?
Typical approval time for a BPI home loan is approximately 52 days. This can vary depending on the completeness of your documents and the complexity of your application. Applying through Nook can help ensure your documents are complete and correct from the start, reducing delays.
What is the best home loan refinance rate available in the Philippines right now?
The best refinance rate currently available through Nook is 5.99% p.a. Most Filipino homeowners are paying between 7% and 10% on their existing home loans. If you're in that range, refinancing could save you a substantial amount each month. Use Nook's free service to find out how much you could save.
What loan purposes does BPI support for its home loan product?
BPI Family Savings Bank supports a wide range of loan purposes including refinancing, home equity, new construction, pre-selling units, ready-for-occupancy (RFO) properties, reselling, renovation, and foreclosed property purchases. This makes BPI a versatile lender for different homeowner needs.