BPI vs Maybank Home Loan Rates at a Glance
Both BPI Family Savings Bank and Maybank are Nook partner banks, meaning you can apply to either — or both — completely free through Nook's digital mortgage broker platform. Below is a direct comparison of their published home loan interest rates.
| Fixed Period | BPI Family Savings Bank | Maybank |
|---|---|---|
| 1-Year Fixed | 6.70% | 7.00% |
| 3-Year Fixed | — | 6.99% |
| 5-Year Fixed | 6.50% | 7.50% |
| Home Equity | 6.70% | 9.88% |
Interest rates are subject to change. Always verify current rates with the bank or through Nook before applying.
How Much Could You Save? A Real Example
Let's say you have an existing home loan with a balance of 3,000,000 and 20 years remaining, and you're currently paying 8.50% interest. Here's how refinancing to BPI or Maybank stacks up on a 5-year fixed basis.
| Scenario | Rate | Monthly Payment (est.) | Total Interest Over 5 Years (est.) |
|---|---|---|---|
| Current Loan (8.50%) | 8.50% | 26,035 | 1,094,100 |
| Refinance to BPI (5-Year Fixed) | 6.50% | 22,383 | 843,180 |
| Refinance to Maybank (5-Year Fixed) | 7.50% | 24,167 | 970,020 |
Refinancing to BPI's 5-year fixed rate could save you approximately 250,920 in interest over the first 5 years compared to staying at 8.50%. Maybank's 5-year rate still saves you around 124,080 versus doing nothing — but BPI's savings are roughly double.
Figures are estimates for illustration purposes only, based on a 20-year loan term and do not include processing fees, mortgage redemption insurance, or fire insurance premiums.
Eligibility Requirements: How Do They Compare?
Good news: both BPI and Maybank have nearly identical eligibility criteria, making it easy to consider both banks simultaneously.
| Requirement | BPI Family Savings Bank | Maybank |
|---|---|---|
| Minimum Monthly Income | 40,000 | 40,000 |
| Maximum Debt-to-Income (DTI) | 40% | 40% |
| Employment Types Accepted | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
Both banks are equally accessible from an eligibility standpoint, so your decision should come down to rates, loan purpose support, and processing speed.
Loan Purposes: What Can Each Bank Finance?
This is one area where BPI has a slight edge. BPI Family Savings Bank supports a broader range of loan purposes, including refinancing and new construction — two important categories for borrowers looking to optimize or build.
| Loan Purpose | BPI Family Savings Bank | Maybank |
|---|---|---|
| Refinancing | ✅ Yes | ❌ Not listed |
| New Construction | ✅ Yes | ✅ Yes |
| Ready For Occupancy (RFO) | ✅ Yes | ✅ Yes |
| Pre-Selling | ✅ Yes | ✅ Yes |
| Reselling | ✅ Yes | ✅ Yes |
| Renovation | ✅ Yes | ✅ Yes |
| Home Equity / Cash-Out | ✅ Yes (6.70%) | ✅ Yes (9.88%) |
| Foreclosed Properties | ✅ Yes | ✅ Yes |
If refinancing is your primary goal, BPI is the clear choice. Maybank's home equity rate of 9.88% is also significantly higher than BPI's 6.70%, making BPI the far better option for homeowners wanting to tap into their property's equity.
If you're comparing BPI against other major lenders for refinancing, see our detailed guide on BPI vs Metrobank home loan rates for another perspective.
Processing Speed
BPI Family Savings Bank has a typical loan approval time of 52 days. Maybank's processing timeline is not publicly listed, so borrowers should inquire directly or ask Nook for current timelines. If speed of approval is important to you — especially for a purchase with a deadline — BPI's published benchmark gives you a clearer expectation to plan around.
Which Bank Is Better for Refinancing Specifically?
If you're an existing homeowner looking to refinance and lower your monthly payments, BPI Family Savings Bank is the stronger option between these two for several reasons:
- Lower 5-year fixed rate: At 6.50%, BPI is a full percentage point below Maybank's 7.50%.
- Refinancing explicitly supported: BPI lists refinancing as an approved loan purpose; Maybank does not.
- Lower home equity rate: BPI's 6.70% home equity rate versus Maybank's 9.88% is a significant difference for cash-out scenarios.
- Published approval timeline: BPI gives borrowers a concrete 52-day approval benchmark.
For context on how BPI compares across the broader Philippine banking landscape, you can also read our BDO vs BPI home loan comparison.
When Might Maybank Be the Better Choice?
Maybank isn't without merit. Consider Maybank if:
- You want a 3-year fixed period — Maybank uniquely offers a 3-year fixed rate at 6.99%, which BPI does not have in its current lineup.
- You're purchasing a property (not refinancing) and Maybank's specific loan terms or developer partnerships suit your project.
- You have an existing Maybank relationship and prefer to consolidate your banking.
That said, for pure rate competitiveness — especially on a 5-year fixed basis — BPI currently wins.
Why Apply Through Nook Instead of Directly?
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. When you apply through Nook, you get:
- Access to rates from multiple partner banks including both BPI and Maybank
- A dedicated home loan advisor who guides you through the entire process
- Help comparing offers side-by-side so you don't leave savings on the table
- Paperwork assistance and lender follow-ups handled for you
The best refinance rate currently available through Nook is 5.99% p.a. — even lower than BPI's advertised 5-year fixed rate of 6.50%. Applying through Nook costs you nothing and could unlock better terms than going directly to any single bank.
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Compare My Options →Frequently Asked Questions
What is the current BPI home loan interest rate in the Philippines?
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% and a 5-year fixed rate of 6.50% for home loans. Their home equity loan rate is also 6.70%. These rates are subject to change, so always verify the latest figures through Nook or directly with BPI before applying.
What is the current Maybank home loan interest rate in the Philippines?
Maybank currently offers a 1-year fixed rate of 7.00%, a 3-year fixed rate of 6.99%, and a 5-year fixed rate of 7.50%. Their home equity rate is 9.88%. As with all bank rates, these are subject to change — confirm current rates with Nook or Maybank directly.
Is BPI or Maybank better for home loan refinancing?
BPI Family Savings Bank is the stronger option for refinancing. BPI explicitly supports refinancing as a loan purpose, offers a lower 5-year fixed rate of 6.50% versus Maybank's 7.50%, and has a significantly lower home equity rate of 6.70% compared to Maybank's 9.88%. If refinancing is your goal, BPI is the clear frontrunner between these two banks.
Does Maybank offer home loan refinancing in the Philippines?
Based on currently available information, Maybank does not list refinancing as a supported home loan purpose, whereas BPI Family Savings Bank explicitly does. If refinancing is your objective, BPI is a more suitable choice. Contact Nook for the latest information on Maybank's refinancing availability.
What is the minimum income requirement for a BPI or Maybank home loan?
Both BPI Family Savings Bank and Maybank require a minimum monthly income of 40,000 pesos. Both banks also cap the maximum debt-to-income (DTI) ratio at 40%, and both accept a wide range of employment types including private employees, government workers, BPO employees, OFWs, seafarers, self-employed individuals, and professionals.
How long does BPI take to approve a home loan application?
BPI Family Savings Bank has a typical loan approval timeline of approximately 52 days. Maybank's published approval timeline is not readily available, so it's best to ask Nook or Maybank directly for current processing expectations.
Can I apply to both BPI and Maybank at the same time through Nook?
Yes. Through Nook's free digital mortgage broker service, you can submit your details once and have Nook compare offers from multiple partner banks — including both BPI and Maybank — simultaneously. There is no cost to you as a borrower, and Nook's advisors help you choose the best offer available.
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% per annum — lower than both BPI's and Maybank's advertised rates. Rates depend on your loan profile, property type, and chosen fixed period. Apply through Nook for free to find out the best rate you personally qualify for.